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Commercial Real Estate News Feed

October 22
8:29 AM
globest Guthrie Makes Headway with Small Business Owners LAKE FOREST, CA--The firm sells two units at Foothill Business Park and has three others in escrow within months of taking the renovated units to market, showing increased ...
October 22
8:25 AM
globest Auction.com Chair Noted for Philanthropy IRVINE, CA--Big Brothers Big Sisters of Orange County presents Rob Friedman with the Joel K. Rubenstein Award for his and the firm's profound contributions to the organization, ...
October 22
2:20 AM
globest Cafaro Building New Headquarters YOUNGSTOWN, OH--The company has been located in Youngstown since 1949, but has decided to build a new, state-of-the-art corporate headquarters in suburban Niles.
October 22
1:22 AM
globest Home Sales Dip in September CHICAGO--The state's shrinking inventory has helped buoy prices and cut down the time homes are on the market.
October 22
12:08 AM
globest Golub Breaks Ground on Streeterville MF CHICAGO--Developers say the project was well-regarded by a number of investors and the downtown has more than enough demand to absorb the thousands of units under construction.
October 21
10:33 PM
globest Bankruptcy Judge: Union Did Not Negotiate in Good Faith ATLANTIC CITY, NJ--UNITE HERE Local 154 president Bob McDevitt issued a harsh response to comments made by Bankruptcy Court Judge Kevin Gross charging the union with not ...
October 21
10:20 PM
globest NAIOP Officials Praise NJ Incentive Programs EDISON, NJ--Real estate executives convened at a NAIOP conference here on Tuesday offered high praise to the benefits that have come from last year's passage of the Economic ...
October 21
9:31 PM
globest Confirmed: Chantilly Portfolio Trades for $61M CHANTILLY, VA--NAI KLNB confirmed the sale of the five-building office portfolio to Hayden Maguire Real Estate Fund.
October 21
9:28 PM
globest Goodyear Gateway South Lands First User PHOENIX--Goodyear Gateway South, the 221-acre industrial zoned park being developed by EJM Development Co. just north of the Phoenix Goodyear Airport, has announced its first ...
October 21
9:25 PM
globest US Industrial Prices Headed Up CHICAGO--Investors are buying up properties at roughly the same pace as before the recession, according to Avison Young, but new construction remains slower and prices still have ...
October 21
9:20 PM
globest Holiday Inn to be Rebranded as DoubleTree LAUREL, MD--Sotherly Hotels has entered into a 10-year franchise agreement with Hilton Worldwide to rebrand the Holiday Inn Hotel Laurel West to the DoubleTree by Hilton Laurel.
October 21
9:09 PM
globest Franchise Input Crucial to Branding PHOENIX--At the 20th anniversary of The Lodging Conference held at the Arizona Biltmore Resort and Spa yesterday, registrants gathered to hear the nation's experts speak on a ...
October 21
8:57 PM
globest Local Hotel REITs Save Millions as They Refinance Loans BETHESDA, MD--RLJ Lodging and DiamondRock have both refinanced loans recently to lock in lower rates.
October 21
8:12 PM
globest Risk Retention Rules Approved; Higher Pricing, Less Capacity for CMBS WASHINGTON, DC--On the other hand the rules are not as bad as originally proposed with regulators giving issuers flexibility in how they can reach the new risk retention level, ...
October 21
7:28 PM
globest Construction Begins on $100M Waterfront Apartment Project YONKERS, NY--Developer Martin Ginsburg was joined by a host of city officials, including Yonkers Mayor Mike Spano, on Tuesday to turn the first dirt on his firm's more than ...
October 21
7:06 PM
globest Bergen and Passaic MF Market Scores for Gebroe-Hammer LIVINGSTON, NJ–Gebroe-Hammer has turned a fast-moving pipeline of multifamily properties in Passaic and Bergen counties into more than $60 million in sales in the past 18 months. ...
October 21
7:03 PM
globest Forest City Puts Barclays Stake on Market NEW YORK CITY--Continuing a shedding of assets that began last year, the developer holds more than 50% ownership in the Brooklyn arena that it built.
October 21
6:55 PM
globest Cassidy Turley Leases 2100 Ross DALLAS--Cassidy Turley has announced that law firm Lewis Brisbois Bisgaard & Smith LLP has leased 30,073 square feet at 2100 Ross in the Dallas Arts District.
October 21
6:50 PM
globest Levin Inks Three Dozen Retail Leases in Four Months NORTH PLAINFIELD, NJ–Retail real estate services firm Levin Management has inked more than three dozen new leases, renewals and expansions totaling 277,000 square feet during the ...
October 21
6:37 PM
globest CBRE Arranges Alamo Ranch Financing SAN ANTONIO--CBRE recently arranged $60.5 million in financing for Alamo Ranch, a 465,000-square-foot, class A shopping center in San Antonio.
October 21
6:26 PM
globest Stream, DRA Sell The Bellevue HOUSTON--After an extensive renovation and rebranding, Stream Realty Partners and DRA Advisors have sold The Bellevue, a 120,000-square-foot office building in the River Oaks ...
October 21
6:05 PM
globest Law Sector Slowdown May Be New Normal NEW YORK CITY--Persistent weak employment could hit office markets where the legal sector has comprised a sizable fraction of office-using tenancies, says Savills Studley's Heidi ...
October 21
5:56 PM
globest Property Insurance Prices Continue Easing NEW YORK CITY--Property rates have been falling for several consecutive quarters, and Willis Group Holdings says it doesn't see an end to the trend.
October 21
5:50 PM
globest Tide of Liquidity Buoys CRE Market: MMI CALABASAS, CA--Strong capital flows keep coming in on the debt and equity side, while the slow economic recovery has boosted performance, Marcus & Millichap says.
October 21
5:33 PM
globest Manhattan Office Rental Rates Reach 2008 Levels NEW YORK CITY--A strong office leasing market fueled by a surging economy sparked a decline in office vacancies in Manhattan in the third quarter and the highest office rental ...
October 21
5:24 PM
nytimes Recent Commercial Transactions Notable properties that have been recently listed for sale, sold or leased.
October 21
5:12 PM
nytimes The 30-Minute Interview: Spencer Rascoff Mr. Rascoff is the chief executive of Zillow, an online real estate database and marketplace with headquarters in Seattle.
October 21
4:55 PM
globest Development Accord Reached on Manufacturing-Warehouse Project THOMSON, GA--An affiliate of New York City-based Lexington Realty Trust has reached a development agreement with Red Rock Developments, LLC of Columbia, SC to build a new ...
October 21
4:50 PM
globest Plaza Advisors Brokers Two Orlando Shopping Center Deals ORLANDO, FL--The Phillips Village and East Towne Center shopping centers here have changed hands.
October 21
4:42 PM
globest 1.1M SF Industrial Project in Atlanta Rising ATLANTA--When completed, the industrial facility will offer the largest block of class A distribution space available in the Southeast US.
October 21
4:39 PM
globest REIT Marks $135M MOB Portfolio Buy IRVINE, CA--Griffin-American Healthcare REIT III enters into an agreement to acquire a portfolio of medical office buildings in New York, New Jersey, Massachusetts and Kentucky ...
October 21
4:39 PM
globest Why High Vacancy is Good News MIAMI--Blanca's Danet Linares tells GlobeSt.com's Jennifer LeClaire the silver lining in the relatively high office space vacancy rates in the urban core.
October 21
4:25 PM
marketwired U.S. Commercial Property Attracting Massive Foreign Investment JLL Predicts Foreign Investment to Crush 2013 Levels, Reaching Nearly $50 Billion
October 21
4:07 PM
bizjournals Panelists: Credits are due credit for Downtown's revival Without historic tax credits, the conversion of old downtown buildings wouldn't have made two significant impacts on the urban core: the addition of hundreds of multifamily units ...
October 21
4:01 PM
globest Office Design: Part of Something Special DENVER--Attracting and retaining good employees and enabling them to be productive is the name of the game in office design, NAIOP's Molly Ryan Carson tells GlobeSt.com in this ...
October 21
3:26 PM
nreionline Foreign Investment in U.S. Market to Top 2013 Levels, Reaching $50B, Predicts JLL Foreign institutional investors are spending heavily on U.S. assets this year, revealed JLL’s global capital markets experts at the Urban Land Institute’s (ULI) fall meeting, ...
October 21
2:58 PM
nytimes Square Feet: A Teardown Builds Up a Delaware Housing Development The Flats, affordable housing for working-class families in Wilmington, is being reconstructed to be larger and more energy-efficient.
October 21
2:13 PM
globest German Health Portfolio Trades for $900M BERLIN--Alabama-based Medical Properties Trust has invested more than a $1.4 billion year to date, including deals for additional US and German assets.
October 21
1:53 PM
globest Silicon Valley Spreading East LIVERMORE, CA--The Tri-Valley is growing faster than the overall Bay Area, and there could be more in store.
October 21
1:44 PM
globest Wood Begins $100M Mixed-Use Peachtree Project ATLANTA--This is Atlanta's first project to tap natural gas for heating, cooling, water, and cooking. Get all the details, along with insights from Reed Construction Data.
October 21
1:37 PM
globest ARCP Exits Multi-Tenant Retail with $2B Deal NEW YORK CITY--First reported by GlobeSt.com in June, the sale of 71 grocery-anchored centers to a DDR/Blackstone joint venture helps ARCP "focus on reducing complexity," says CEO ...
October 21
1:24 PM
bizjournals ClassBook.com gets STARTUP-NY tax breaks, moving to downtown Albany ClassBook.com, an online provider of textbooks and educational materials, is moving to downtown Albany, New York from across the river in Rensselaer County under the state's ...
October 21
1:23 PM
globest A 2015 Capital Markets Prediction MIAMI--NorthMarq's Tim O'Connor tells GlobeSt.com's Jennifer LeClaire what challenges he sees remaining, how lenders are getting creative and what we should expect in 2015 in part ...
October 21
1:18 PM
bizjournals Phoenix has worst office vacancy rate among major US markets Phoenix has the worst office vacancy rate among the largest 30 commercial real estate markets in the U.S. Greater Phoenix has a 21.7 percent office vacancy rate, according to the ...
October 21
1:18 PM
globest Steadfast Income REIT to Re-assess Plans IRVINE, CA--Steadfast will work with Goldman, Sachs on strategic alternatives and has suspended its distribution reinvestment plan for investments that come after Oct. 31.
October 21
1:11 PM
globest A Japanese Bank Has Moved to Sixth Ave. NEW YORK CITY--The nearly 210,000-square-foot lease would consolidate MUFG Union Bank's space from other Midtown locations, according to published reports.
October 21
12:59 PM
globest Ten GSA Leased Offices Come On Market NEW YORK CITY--Spread across eight states and spanning nearly one million square feet, the portfolio is occupied by federal departments and agencies.
October 21
12:38 PM
globest TIAA, Jonathan Rose Launch Affordable MF Fund NEW YORK CITY--Set to be managed by Rose, the fund will focus on affordable housing preservation in a number of cities.
October 21
12:32 PM
globest CBRE Hires Two for San Diego Region SAN DIEGO--Paul King Joins from GE Capital as Managing Director of Asset Services, while Greg Mikrut comes from BioMed Realty Trust where he served as the primary analyst for ...