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Commercial Real Estate News Feed

April 15
11:47 PM
globest Jersey City Warehouse Sells for Apt. Project JERSEY CITY, NJ-Mill Creek will rehabilitate and reuse the historic Butler Brothers Warehouse building as a 377-unit rental residential building with retail, artist studios, a ...
April 15
11:37 PM
globest Legum Taking on Millennium Center CHICAGO--The 60-story tower will get rebranded as the 33 West Ontario Condominium Association.
April 15
10:35 PM
globest Inland Acquires TX and FL Centers for $39M OAK BROOK, IL--Both properties sit within affluent suburbs and are more than 96% occupied.
April 15
9:53 PM
globest KLNB's Net Lease Group Launches with $100M Pipeline WASHINGTON, DC--The Single Tenant New Lease Group will be adding a new hire within three months, Peter Snell tells GlobeSt.com's Erika Morphy.
April 15
9:37 PM
globest Mago to Lead KeyBank RE Capital CLEVELAND--Mago has been with the Cleveland-based KeyBank for 26 years and had led its capital markets team to record production.
April 15
9:09 PM
globest US REITs Raise (Only) $13B So Far This Year CHARLOTTESVILLE, VA--SNL Financial notes that at the time last year, US equity REITs had raised a total of $19.45 billion. James Mathieu explains the discrepancy.
April 15
9:04 PM
globest Miami's First Mixed-Income Multifamily Tower Rising MIAMI--Miami is the latest US market to adopt the mixed-income model, which has proven effective in cities from New York to San Francisco. Will it work here?
April 15
8:35 PM
globest Are Brickell Condos Driving Office Prices? MIAMI--With so many condo and multifamily projects springing up on Brickell, office space may soon come at a premium. That may be why Parkway Properties was willing to pay $145.8 ...
April 15
8:29 PM
globest Wahlburgers Wants to Grow in Philly PHILADELPHIA-Boston's Wahlburgers, founded by three brothers, is planning to open a handful of its restaurants in the City of Brotherly Love and its suburbs.
April 15
8:03 PM
wsj Hot Spot Gets Cold Shoulder In the early 1990s, an inflow of Russian money boosted tourism and drove up real-estate prices in the German spa town of Baden-Baden. Now locals are worried about Russian funds ...
April 15
7:38 PM
wsj New York REIT Starts Fast Shares of Nicholas Schorsch's latest real-estate investment trust closed trading at $10.75 a share, rising close to 3.8% in the last hour of trading. Before Tuesday, the shares ...
April 15
7:21 PM
globest RKJS Bank Wins Bid for First Mariner Bank BALTIMORE--RKJS Bank secured court approval on Tuesday for its purchase of Baltimore's largest independent bank--First Mariner Bank.
April 15
7:12 PM
globest Walgreens Takes Space at 1155 F St., NW WASHINGTON, DC--Walgreens has signed a lease for 19,000 square feet at Douglas Development's 1155 F St. NW building here.
April 15
7:09 PM
wsj Former Tobacco Hub Clears the Air Preservationists have long staked a claim to rescuing architecturally important train stations and government buildings. Many now are shifting their focus to saving vestiges of ...
April 15
7:04 PM
wsj Plots & Ploys Google made a limited number of its Google Glass products available to the general public for the first time, and Starwood Hotels & Resorts wants in.
April 15
7:01 PM
globest LA Fitness To Open Four New Texas Gyms SAN ANTONIO–LA Fitness has plans in place to expand its footprint in Texas by adding two new fitness facilities in both San Antonio and Austin.
April 15
6:58 PM
globest Williams-Sonoma Takes 821,502 SF DALLAS–Williams-Sonoma has the building at 4900 Sherry St. in Arlington, TX, along the southwest portion of Interstate 20 and Highway 360.
April 15
6:56 PM
wsj Hotel Builders Bet on Africa Gas Boom When Enrique Nieto arrived in Palma eight months ago, there was one communal water tap and no paved roads. Now he is about to open the village's first hotel. The reason: natural ...
April 15
6:53 PM
globest Energy Corridor To See Two New Hotels HOUSTON–The hotels, a Courtyard by Marriott and a Hampton Inn & Suites by Hilton, will be built in the Ten Oaks development.
April 15
6:32 PM
globest Reassessing Barney Frank NEW YORK CITY--In his most recent post, Ethan Penner asks what could have been done about the 2008 housing crisis, and tries to figure out if the underlying principles were ...
April 15
5:47 PM
nytimes The 30-Minute Interview: Steven B. Greenberg Mr. Greenberg is a founder and the president of the Greenberg Group, a real estate advisory and brokerage company that focuses on retailers.
April 15
5:16 PM
nytimes Recent Commercial Real Estate Transactions Notable properties that have been recently listed for sale, sold or leased.
April 15
5:11 PM
globest New Venture Buys Two Portland Offices PORTLAND, OR--Woodside Palisades Partners is targeting value-add and core-plus quality assets in Western markets with strong yields and capital appreciation.
April 15
5:05 PM
bizjournals Tug of war over density, open space in U District Seattle’s U District light rail station isn’t scheduled to open for another seven years, but already there are different ideas about what should go on top. A community group ...
April 15
4:33 PM
globest JLL Adds Five I-Bank Pros NEW YORK CITY--The firm appears to be on a tear to grow the upper ranks of its capital markets team.
April 15
4:24 PM
globest Broadstone Net Lease Acquires 19 Properties ROCHESTER, NY--Locally-based Broadstone Net Lease reports it has acquired 19 properties, including a portfolio of 16 Wendy's restaurants in four states, for more than $52.6 ...
April 15
3:46 PM
bizjournals Commercial Texas brokerage sold to Canadian conglomerate One of Austin’s most formidable, locally-owned commercial real estate brokerages was sold Tuesday to a Canadian company. Commercial Texas LLC, founded by veteran Austin ...
April 15
3:40 PM
globest PA Bank-Owned Building Scheduled for Auction Sale WARMINSTER TOWSHIP, PA--A bank-owned 56,000-square-foot commercial building at 700 York Road is being offered for sale in a sealed bid auction scheduled for May 20.
April 15
3:33 PM
globest Novartis Continues Jobs Cuts in NJ EAST HANOVER, NJ--Novartis Pharmaceuticals announced on Monday that it will lay off 215 workers in New Jersey, a majority of the job cuts are support staff personnel who work at ...
April 15
3:21 PM
globest Independence Realty Tampa Portfolio Secures Financing TAMPA, FL--Independence Realty has secured a $16.05-million, 10-year, fixed rate, non-recourse loan for its flex portfolio here.
April 15
3:14 PM
wsj Housing Trouble Grows in China Overbuilding by Chinese real-estate developers has left many of the country's smaller cities with a glut of apartments for sale, driving down prices and posing an economic threat.
April 15
3:11 PM
globest Natalie Real Estate Buys Kendall Shopping Center MIAMI--Local investment firm Natalie Real Estate, LLC has acquired the Kendall Shopping Center here for $2 million in an off-market transaction.
April 15
3:10 PM
globest Keyser and Catalyst Merge PHOENIX--Catalyst Commercial Group, a retail commercial real estate advisory firm exclusively serving the national, regional and local space needs of retail and restaurant tenants ...
April 15
2:32 PM
bizjournals Image of the Day: Development at 425 N. Boylan Ave. A construction worker empties the trash chute at The Devon on April 15, which is located on the corner of 425 North Boylan Ave. in Raleigh. The Devon consists of 261 apartments ...
April 15
2:11 PM
globest 2 Hires Join Transwestern's Capital Markets Platform BETHESDA, MD --The company has hired away Joe Friedman and Julian Etches from Avison Young.
April 15
2:11 PM
globest CBRE Arranges $29M Loan PHOENIX--April 11, 2014 – CBRE San Diego's Debt & Structured Finance Group has arranged a $29 million loan on behalf of The Premiere Residential Communities for the refinancing ...
April 15
2:09 PM
globest Burger Takes Reins at GE Real Estate FAIRFIELD, CT--The current president of GE Capital Real Estate's North American operations takes the top spot as part of a series of high-level executive moves within GE.
April 15
2:09 PM
globest Orion Fund Buys Paris Mall PARIS--Domus was completed in 2006 as a covered shopping center focused on home products and furnishings.
April 15
2:02 PM
globest MGM Resorts and Hakkasan Form JV LAS VEGAS--The strategic alliance will focus on the design, development and management of luxury non-gaming hotels, resorts and residential offerings under several brands in key ...
April 15
2:01 PM
bizjournals Houston developer ventures into mixed-use with project near Exxon campus It’s the company’s first mixed-use development, and it’s going to be big and set in a prime location. Houston-based PinPoint Commercial  announced on April 14 that it will build ...
April 15
1:55 PM
globest NY REIT Lists On NYSE NEW YORK CITY--While unveiling its stock the company announced it has increased its senior corporate credit facility to $705 million.
April 15
1:49 PM
globest Washington Firm Picks Up Hotel California SAN FRANCISCO--The 101-year-old 83-room hotel, located near Union Square, will be renovated in 2015.
April 15
1:46 PM
globest Fortune 500 Company Fills Up Sawgrass MIAMI--It's starting to sound like a familiar story--and indeed it is. Yet another South Florida building has reached 100% occupancy. This time, it's office space.
April 15
1:22 PM
globest Publix Continues Snapping Up Shopping Centers TAMPA, FL--Publix Super Markets remains aggressive with its commercial real estate strategy. Get all the details on the latest grab.
April 15
12:43 PM
bizjournals Real Estate Roundup: Industrial deals for April 15 Here are the most recent industrial, flex and warehouse deals submitted to Real Estate Roundup, The Business Journal’s online database of commercial real estate activity. Visit ...
April 15
12:41 PM
nreionline NREI/Marcus & Millichap Investor Sentiment Index Trending at 10-Year High Investors are once again proving that their confidence in commercial real estate remains steadfast. Exclusive results from the NREI/Marcus & Millichap Investor Sentiment Survey ...
April 15
12:40 PM
wsj Settlement Prevents Apartments' Foreclosure The owners of 1,700 below-market apartments in New York City have struck a deal with their lenders and the state attorney general's office to rescue the portfolio from foreclosure.
April 15
12:10 PM
bizjournals Want biz space in Downtown South? Check out real estate tour this week Businesses like Orlando Health recognized the value in sprucing up and adding to properties south of downtown Orlando — especially as the $1.3 billion commuter rail SunRail is ...
April 15
11:52 AM
marketwired Increasing Vacancy in Metro Vancouver Office Market Causing Fierce Competition among Sublandlords and Landlords: Colliers Report Four times more office space available than needed due to business consolidation and new construction
April 15
11:51 AM
globest Cushman & Wakefield Taps New Board Chair NEW YORK CITY--Member John Elkann fills the slot while his predecessor, Carlo Barel di Sant'Albano, moves into the newly created position of international CEO.