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Commercial Real Estate News Feed

November 20
7:57 PM
globest 3 Tenants Take Space at 1701 Pennsylvania Ave. WASHINGTON, DC--Three new tenants are taking 29,300 square feet at Grosvenor America's 1701 Pennsylvania Ave.
November 20
6:49 PM
bizjournals Amazon signs deal for 470,000 square feet in Manhattan Amazon has signed a deal to lease 470,000 square feet in Manhattan for 17 years, a real estate trust confirmed today. Rumors are that the location will serve as the retail ...
November 20
5:18 PM
wsj Simon Property Seeks to Boost Stake in Macerich Simon Property Group may seek to boost its stake in mall rival Macerich Co., a move that analysts said could trigger a takeover attempt.
November 20
5:11 PM
bizjournals How Houston’s industrial market will fare next year Houston's industrial market is among the strongest nationally and will continue to grow next year, according to a market report by Transwestern. The Houston-based real estate ...
November 20
4:33 PM
bizjournals Developer tips hand on big LinkedIn lease in Mountain View When the Mountain View City Council meets on Dec. 2 to possibly decide the fate of a major mixed-use project, one of the city's major corporate citizens will be watching closely: ...
November 20
3:14 PM
bizjournals Former Bayshore GM hired at Colliers in Milwaukee Chris Jaeger, former general manager of the Bayshore Town Center, has taken a new job as director of asset services for Colliers International/Wisconsin. Jaeger managed the ...
November 20
3:03 PM
bizjournals Three questions with a commercial real estate financing veteran I met this morning with Bill Leffew, who spends a lot of time in the financing realm of commercial real estate. Leffew is senior vice president of the Louisville office of ...
November 20
2:52 PM
globest Campus Crest Puts Development Parcels on Market CHARLOTTE, NC--After a shakeup in management earlier this month, student housing owner and developer Campus Crest Communities, Inc. announced on Thursday its intent to dispose of ...
November 20
2:44 PM
globest Dolphin Mall Expansion, Renovation Underway MIAMI--Phase one of the renovation and expansion of the Dolphin Mall here has begun. The overall project that will be completed in the fall of 2015 will include the addition of ...
November 20
1:48 PM
wsj Developer Offers to Shorten Tower Near South Street Seaport Officials said they remained dissatisfied with an offer by Howard Hughes Corp to trim the height of its proposed tower just south of the Brooklyn Bridge.
November 20
1:29 PM
bizjournals $78M Plaza office tower wins incentives after negotiations A proposed $78 million Country Club Plaza office tower cleared a tax incentive hurdle Thursday and is ready to go vertical as soon as enough tenants are secured. During their ...
November 20
1:16 PM
bizjournals Atlanta's Coolest Office Space: Go! Experience Design (SLIDESHOW) Americans love to show off their offices. How we design office space can say a lot about our corporate culture, from the newest startups to Fortune 500 giants. Even in an era ...
November 20
12:54 PM
globest Hines Promotes Byron LaMotte NEW YORK CITY--After serving most recently as director of 53W53, the executive has become managing director of capital markets.
November 20
12:52 PM
globest Dillard's Urged to Seek REIT Spinoff LITTLE ROCK, AR--The department store operator could boost the combined share value of an OpCo and PropCo by 75% from current prices, says investor Marcato Capital Management.
November 20
12:38 PM
globest Halstead Picks Up Lawrence Properties NEW YORK CITY--The newly formed Halstead Lawrence Management will oversee 30 buildings with a total of 3,500 units.
November 20
12:32 PM
bizjournals Newport on the Levee expansion bringing new hotel brand to Cincinnati region The $80 million expansion of Newport on the Levee, Aqua on the Levee, will include the Greater Cincinnati region's first Aloft hotel. Currently there are no Aloft hotels in ...
November 20
12:17 PM
globest Med Center Set for February Opening SAN FRANCISCO--A major hospital project that has been in the works for more than 10 years, UCSF Medical Center at Mission Bay will bring together three facilities at one campus.
November 20
12:15 PM
bizjournals At $2.7M, latest listing for CrowdStreet is one of its largest Portland-based commercial real estate crowdfunding platform CrowdStreet has listed one of its largest real estate raises to date for a multifamily property in Dallas. The sponsor ...
November 20
12:02 PM
globest Net Leased QSRs Hot Trend in Florida MIAMI-- As product for sale in the net lease asset class becomes ever scarcer and primary market yield decreases, secondary and tertiary markets are looking ever more appealing to ...
November 20
12:00 PM
bizjournals Newport on the Levee expansion bringing new hotel brand to Cincinnati region The $80 million expansion of Newport on the Levee, Aqua on the Levee, will include the Greater Cincinnati region's first Aloft hotel, the Business Courier has learned. Currently ...
November 20
11:59 AM
globest Why Land Redevelopment May Hit Big MIAMI-- GlobeSt.com caught up with Bilzin Sumberg's Howard E. Nelson and Cristina Arana Lumpkin to get the pulse on land redevelopment trends in part two of this EXCLUSIVE ...
November 20
11:37 AM
globest Caesars Proposes REIT Split to Restructure Debt LAS VEGAS--The plan to spin off Caesars Entertainment Operating Co. into a REIT is one of several plans under discussion between the money-losing casino giant and its creditors.
November 20
10:46 AM
nreionline Don't Let Other Formats Steal Market Share By Stewart Samuel, Supermarket News Idea Xchange While supermarkets have been a phenomenally successful format, accounting for a large proportion of the food retail ...
November 20
10:45 AM
bizjournals BDC's Cole says it's time to focus on empty storefronts, vacant buildings Baltimore Development Corp. President William H. Cole IV said Thursday that his agency is going to focus heavily on encouraging owners of commercial property in key neighborhoods ...
November 20
10:42 AM
bizjournals Alamo Drafthouse eyes more expansion outside Texas, report says Alamo Drafthouse Cinema LLC is expanding to Louisiana, reports Commercial Property Executive, with plans to open its first theater there in 2016. According to the report, the ...
November 20
10:14 AM
nreionline RCAP Execs Give Company Stock a Vote of Confidence By Ryan W. Neal, wealthmanagement.com RCS Capital (RCAP) CEO Michael Weil is putting his money where his mouth is. Weil purchased 20,550 shares—worth about $250,000—of ...
November 20
10:05 AM
globest Bobek On Track For Record Year LOS ANGELES--With $1.2 million in commissions, Avison Young's Jacob Bobek, one of Real Estate Forum's Fifty Under 40, is set to break his 2013 top-producer record.
November 20
10:03 AM
globest Stafford County Opens First Dominion-certified Data Center STAFFORD, VA--The data center is located within Silver Cos.' Quantico Corporate Center.
November 20
9:58 AM
globest Oaktree Signs Year's Largest Downtown Lease LOS ANGELES--The investment manager signs an 182,000-square-foot lease renewal with a 26,000-square-foot lease expansion at Brookfield Property Partners' Wells Fargo Center.
November 20
9:45 AM
globest Hanover Village Revamps Tenant Lineup with ALDI Anchor MECHANICSVILLE, VA--The addition of the grocer ALDI is a coup for the retail center.
November 20
9:22 AM
nreionline Simon May Be Looking to Buy Macerich, Recent Transactions Indicate The country’s biggest mall REIT, Simon Property Group, may be angling to buy smaller competitor Macerich, industry insiders say. The move would allow Simon to grow at a time when ...
November 20
9:09 AM
nreionline 10 Must Reads for the CRE Industry Today (November 20, 2014) Homebuilders upped the number of building permits by 4.8 percent since September, but they are concentrating on rental housing, reports TheStreet.com. Bloomberg reveals that ...
November 20
7:41 AM
globest Turning Tragedy Into Positive Action IRVINE, CA--In this UPDATE to an earlier story, GlobeSt.com speaks with the New Home Co.'s Joan Marcus-Colvin about her three initiatives as incoming president of BIA/OC and ...
November 20
7:36 AM
globest Inland Empire Industrial Keeps Heating Up ONTARIO, CA--Vacancies are dropping and new construction soaring as logistics companies grow and e-retailers increase their appetites for large distribution and warehousing ...
November 20
7:32 AM
bizjournals Owners of Fred Rader building move on to Plan B The former Fred Rader Supply Mill building in midtown Sacramento is being redeveloped for two tenants after more than a year of waiting for construction permits. Jim ...
November 20
6:19 AM
globest Canadian Firm Walks Away From Revel Buy ATLANTIC CITY, NJ--Issues related to Revel Casino-Hotel's power plant have apparently pulled the plug on Brookfield US Holding LLC's $110-million purchase of the shuttered gaming ...
November 20
5:00 AM
bizjournals Milwaukee's Coolest Offices: Coffee shop, turntable and living room highlight Cresa: Slideshow A lobby that is decorated like a living room, a coffee shop and an old turntable highlight the offices of Cresa Milwaukee in downtown Milwaukee. I encourage you to check out the ...
November 20
12:26 AM
costar KBS REIT II Sells I-81 Industrial Portfolio for $105.7M Chambers Street Properties acquired four industrial buildings in the I-81 / I-78 Corridor of Eastern Pennsylvania from KBS Real Estate Investment Trust II. The Newport Beach, ...
November 19
10:05 PM
wsj Caesars Proposes a REIT Plan Caesars Entertainment has approached senior creditors about a plan to convert the casino company’s largest unit into a real-estate investment trust as it works to restructure ...
November 19
10:03 PM
globest IDI Brings on New Regional Directors CHICAGO--Both Tom George and Doug Armbruster are longtime company officials, and will assume responsibility for regions that stretch across the country and into Canada.
November 19
9:24 PM
globest Chambers Street Buys KBS I-81 Industrial Portfolio in PA PITTSTOWN, HAZLETON, and JESSUP, PA--KBS Real Estate Investment Trust II, a non-traded real estate investment trust based in Newport Beach, CA, has sold I-81 Industrial ...
November 19
9:06 PM
globest Investors Bank Moving Strongly, Writes $200M in Large Commercial Mortgages SHORT HILLS, NJ--Investors Bank's Commercial Real Estate Lending Group is moving strongly in its efforts to finance commercial projects. The bank recently completed more than $200 ...
November 19
9:04 PM
globest Inland's Gujral to Retire; Lampi Steps Up CHICAGO--Gujral has been with Inland for 35 years and led its Inland Private Capital Corp. to record-setting years in 2013 and 2014.
November 19
8:52 PM
globest UIP, Criterion Acquire 2 MF for $39M WASHINGTON, DC--The two apartments are in Maryland and were sold by a partnership between Intercontinental Real Estate and Sawyer Realty Holdings.
November 19
7:56 PM
globest Carey Watermark Buys KC Marriott for $57M KANSAS CITY--The 19-story hotel sits within this city's Country Club Plaza area, which has seen recent growth in office demand.
November 19
7:50 PM
globest Maybe the GSEs Should Stay WASHINGTON, DC--Yesterday we spoke with people who are sanguine about the GSEs' departure. Today we hear the other side.
November 19
6:33 PM
globest C&W Brokers $25.2 Million Sale of Port Region Industrial Asset AVENEL, NJ-- A joint venture of Ivy Equities and CenterSquare Investment Management has sold its 317,500-square-foot manufacturing and warehouse building at 11 Cragwood Road for ...
November 19
5:51 PM
globest UK Spec Industrial Unit Sold YORKSHIRE, UK--The deal represents the culmination of the first speculative industrial project in Yorkshire in six years.
November 19
5:45 PM
bizjournals HSA Commercial discusses 'significant' project at Drexel Town Square Development agreements for apartments by Barrett Visionary Development and an unknown project by HSA Commercial Real Estate in Drexel Town Square will move forward by year's ...
November 19
5:43 PM
globest Colliers Completes Sale of Upscale Marana Center PHOENIX--Colliers International in Greater Phoenix recently sold the 82,450-square-foot Dove Mountain Centre, a high-end shopping center in Marana. This premier property is ...