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Commercial Real Estate News Feed

December 22
5:00 AM
bizjournals Year in Review: Biggest Real Estate Deals of 2014 - slideshow It was a banner year for commercial real estate sales in 2014, with 16 South Florida properties changing hands for more than $100 million. See the slideshow with this story for ...
December 22
5:00 AM
bizjournals Milwaukee's Coolest Offices: Lounge, campsite and training center part of BSI's office: Slideshow Being a design and construction firm for interior spaces, the look of Building Service Inc.'s office is vital to its efforts to draw clients. That is why the firm's Waukesha ...
December 22
1:57 AM
globest CBRE Closes Dollar General Sale DETROIT--The three big players in the dollar store market remain attractive to investors even while recent merger offers get sorted out.
December 21
11:11 PM
globest Phillips Edison Gets Increase to $700M in Commitments to Credit Facility CINCINNATI--The company now has $700 million in aggregate commitments and through an accordion feature could increase availability under the credit facility to $1 billion.
December 21
10:27 PM
globest Baum Realty Sells Missouri Walgreens CHICAGO--The property, like a substantial number of Walgreens, had been encumbered by a fully-amortizing loan, which often require a prepayment plan, making many owners reluctant ...
December 21
9:21 PM
globest Aviv REIT Closes $305 Million Acquisition CHICAGO--The purchase includes 23 skilled nursing facilities, four assisted living facilities, one independent living facility and one office building in five states.
December 21
8:16 PM
globest Source: 1100 New York Ave. Trades for $618 P/SF WASHINGTON, DC--The building traded as part of the new partnership between the US arm of Allianz Real Estate and Manulife.
December 21
8:04 PM
globest Cathedral Commons Continues To Draw Retail WASHINGTON, DC--Bozzuto Group has added another seven retailers to the mixed-use residential project, which is scheduled to open this Fall.
December 21
7:31 PM
wsj In Sri Lanka's Post-Tsunami Rise, China Is Key A town laid to waste by the 2004 Indian Ocean tsunami is now getting a $1 billion port and a new airport with the help of Chinese money. But some worry that funding comes with ...
December 21
7:27 PM
globest Survey: Full-service Brokers are Fair to Tenants WASHINGTON, DC--So says GlobeSt.com's own survey on the controversial issue of whether tenants can get a fair deal from full-service brokers.
December 21
6:39 PM
globest Crown Building Sale Sets Record NEW YORK CITY--A partnership of General Growth Properties and Jeffrey Sutton has pre-empted a planned auction of the Fifth Avenue trophy, according to published reports.
December 21
6:38 PM
globest Portman: Multifamily Will Slow in 2015 MIAMI--John C. Portman tells GlobeSt.com's Jennifer LeClaire secondary markets are booming. Find out what else he has to say in this EXCLUSIVE interview.
December 21
6:29 PM
globest VNO Closes on Sale of B'way Tower NEW YORK CITY--The REIT will defer its tax gain in a like-kind exchange as part of ts previously announced acquisition of the St. Regis Hotel retail on Fifth Avenue.
December 21
6:16 PM
globest Home Price Gains Slow; What's the Meaning for Apts.? SEATTLE--Zillow's Stan Humphries predicts that "housing will play a bigger role in the broader economic recovery," while Axiometrics' Jay Denton sees more demand for apartments.
December 21
6:09 PM
globest Philadelphia Fed Says Manufacturing Activity Still Positive, But Slower in December PHILADELPHIA, PA--Firms responding to the Manufacturing Business Outlook Survey from the Federal Reserve Bank of Philadelphia say the pace of regional manufacturing activity ...
December 21
6:00 PM
globest Gramercy Closes on European Venture LONDON--"We hope to replicate the success we have had with Gramercy Property Trust with our effort on Gramercy Europe," says CEO Gordan DuGan.
December 21
5:59 PM
globest E-Commerce Firm Jet.com Puts Homepage in Hoboken HOBOKEN, NJ--Jet.com, the latest e-commerce venture led by Internet entrepreneur Marc Lore, has signed a 40,000-square-foot office lease with Waterfront Corporate Center III, the ...
December 21
5:54 PM
globest Ashford Buys Out Pru in Highland Portfolio DALLAS--AHT and a value-add fund managed by Prudential Real Estate Investors first partnered on the Highland Hospitality portfolio with a mezzanine loan in 2008.
December 21
5:30 PM
globest NJ Legislature Sends Urban Enterprise Zone Bill to Governor TRENTON, NJ--Legislation that would prevent the state from using Urban Enterprise Zone dollars to fill gaps in the state budget was approved December 18 by the Senate and the ...
December 21
11:19 AM
globest W.P. Carey Acquires Rotterdam Pair ROTTERDAM, Netherlands--The low-rise and high-rise combination property near River Maas has brought $86 million, and comes with a partial lease-back.
December 21
11:16 AM
globest Apartment Tower Gets Final OK BALTIMORE--The city's planning commission granted final approval late last week for the $140-million 414 Light St. downtown residential tower project here.
December 21
11:10 AM
globest Hoskins Takes Reins of Arlington Eco. Development Agency ARLINGTON, VA--Victor Hoskins, who has held key economic development-related positions in the District and in Prince George's County, has been appointed economic development ...
December 21
11:02 AM
globest Linwood's Open Space Purchase Calms Critics LINWOOD, NJ--The city's acquisition of approximately 17 acres of land from the Cornerstone Commerce Center for use as open space appears to have quelled criticism from some ...
December 21
10:56 AM
globest Politicos Lobby for New NJ Casino Locations TRENTON, NJ--As state lawmakers work on the fine points of a referendum that would allow casino gaming beyond the border of Atlantic City, some local politicians are already ...
December 20
11:58 AM
globest Alter's Rosene Creates New Firm PHOENIX--Kurt W. Rosene, formerly senior vice president of The Alter Group, has transitioned to his new role as head of NOVO Development, LLC, headquartered in Scottsdale.
December 20
11:18 AM
globest RealShare Phoenix: A Market Overview PHOENIX--More than 200 attended the RealShare Phoenix Metro conference last week at the Phoenician in Scottsdale. Jim Mahoney, senior managing director, Trammell Crow Company, ...
December 19
10:46 PM
wsj Trial of Hong Kong Billionaire Brothers Headed for Jury The bribery trial of the Kwok brothers, Hong Kong billionaires, and the city’s former No. 2 official will soon go to the jury.
December 19
9:59 PM
wsj Trump Taj Mahal Expected to Remain Open, for Now The endangered Trump Taj Mahal in Atlantic City, N.J., is expected to remain open through the weekend while lawyers work to complete a $20 million lifeline from billionaire Carl ...
December 19
8:49 PM
wsj Businesses Help With Home-Sharing Duties More and more travelers are opting to rent their apartments while they are gone— through home-sharing websites. Now, these time-strapped New York area hosts have help to prepare ...
December 19
6:56 PM
wsj Thomas Kwok Found Guilty of Corruption A jury in Hong Kong found Thomas Kwok, the co-chairman of one of Hong Kong’s biggest property developers, guilty in a corruption trial involving the city’s former No. 2 official, ...
December 19
6:44 PM
bizjournals Value of Belltown public health building soars 53 percent in just over 2 years A downtown Seattle building that houses a public health clinic sold Friday for nearly $10.1 million, or around 53 percent more than what the property sold for in 2012. Dave ...
December 19
6:36 PM
wsj Top Schools Heat Up Beijing Property Market Two kinds of competition, for housing and top public schools, are converging in China’s capital as ambitious parents seek apartments in the best primary-school districts.
December 19
4:55 PM
globest BOKA Powell Completes SA Hospital SAN ANTONIO--BOKA Powell, a Dallas-based architecture and design firm, has completed Forest Park Medical Center San Antonio, a surgical specialty care hospital and accompanying ...
December 19
4:48 PM
globest Q&A: David Martinez, RETC DALLAS--According to recent research from RETC, a real estate tax consulting firm based in Dallas, Austin and Houston appraisal districts were much more aggressive than Dallas ...
December 19
4:40 PM
bizjournals Top-secret tours and billion dollar decisions: Here's what I learned when I shadowed Greg Johnson In the 16 years that I have covered commercial real estate, I've often thought how great it would be to sit in on high-level discussions about a big deal like the Spring ...
December 19
4:39 PM
globest River Oaks District Lands Notable Tenants HOUSTON--OliverMcMillan, the real estate development firm, has lured more than 20 high-end retailers to Houston's posh River Oaks District.
December 19
2:55 PM
globest Crocker Rebuys Half-Empty Boca Office Towers PALM BEACH, FL--Noteworthy is the fact that Crocker entities originally developed both office assets. So why buy them again now?
December 19
2:22 PM
bizjournals TPA Group affiliate buys Nashville flex office building portfolio for $38 million An affiliate of the TPA Group acquired a portfolio of Nashville flex office buildings for $38 million from the California State Teachers' Retirement System. The Atlanta-based ...
December 19
2:16 PM
bizjournals How the living space at 500 S. Ervay will cater to entrepreneurs In his attempts to build an entrepreneurial ecosystem in downtown Dallas, San Francisco developer Mike Sarimsakci believes providing living space is integral to the plan. So ...
December 19
2:14 PM
globest Costco Buys 23 Acres for Retail Build TORRANCE, CA--The wholesale retailer buys the rare land parcel from the Rockefeller Group with plans to build a 164,000-square-foot store in 2015.
December 19
1:59 PM
globest Health Care REIT pays $500 PSF for MOBs Health Care REIT finds $200M deal, acquires four-MOB portfolio in California for more than $500 PSF.
December 19
1:12 PM
globest Investors Hurry to Break into Westside Office Sector PLAYA VISTA, CA--DivcoWest forms a joint venture with Maguire Investments to own Water's Edge, a two-building class-A office property in Playa Vista, and plans to build a third ...
December 19
1:01 PM
globest Affordable and Market-Rate Housing Needed NEW YORK CITY--"We want to see housing production generally but if we demand too much, we get nothing; if we demand too little, we leave affordable housing on the table," the City ...
December 19
12:57 PM
bizjournals Year in Review 2014: Three multibillion-dollar projects lead groundbreaking activity in region Developers broke ground on roughly $3.2 billion dollars in new commercial real estate projects in the D.C. region in 2014 — and that's only counting three marquee projects that ...
December 19
12:33 PM
bizjournals How developers’ predictions stacked up to reality in 2014 The commercial real estate market picked up in 2014, confirming the forecast of many in the industry around the beginning of the year, but some of the specific predictions were ...
December 19
11:50 AM
globest Ex-ARCP Accountant Files Whistleblower Suit NEW YORK CITY--Sponsor AR Capital says the defamation suit is "without merit" and that its chairman, Nicholas Schorsch, "denies the allegations and intends to defend against the ...
December 19
11:08 AM
nytimes DealBook: Tenants in London Win Battle Against American Equity Firm The private equity firm Westbrook Partners has thrown in the towel and says it will sell the New Era Estate, a London housing block whose tenants protested its plans to raise ...
December 19
11:08 AM
nytimes DealBook: For a Second Day, Fed Comments Send Stock Market Soaring The stock market began the week burdened by geopolitical worries, but by the close of trading on Thursday it had bounced back to achieve one of its biggest upswings in recent ...
December 19
10:43 AM
nreionline Are We in a Multifamily Bubble? Gary Goodman The question of whether we are in a multifamily bubble is one that has recently been on the minds of many real estate investors. read more
December 19
10:34 AM
globest Debate Stirs Over 2015 Capital Markets Outlook MIAMI--What does 2015 hold on the capital markets front? Like I said before, it depends on whom you ask.