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Commercial Real Estate News Feed

September 1
10:40 PM
globest Cityscape Gets $82M for New Communities INDIANAPOLIS--The financing will help expand the company's footprint in Kansas City and mark its debut in Louisville.
September 1
9:25 PM
globest Dirt Moves on Holy Cross MOB GERMANTOWN, MD--NexCore has begun work on its 79,491-square foot medical office building here.
September 1
9:21 PM
globest ElmTree Acquires $90M in Net-Leases ST. LOUIS--ElmTree Funds recently closed on this net lease private equity fund, and says it will eventually acquire a billion dollars of net lease assets.
September 1
9:04 PM
globest Office REITs Beat Q2 FFO Estimates CHARLOTTESVILLE, VA--A number of office REITs beat their estimates for the second quarter, according to SNL Financial.
September 1
7:22 PM
globest GlenStar Signs Another E. Loop Tenant CHICAGO--The company's renovation of 55 E. Monroe has had a lot of successes recently, including the selling of hundreds of condos, and the office space is approaching 90% ...
September 1
6:21 PM
globest Tax Appeal Attorney Warns Commercial Owners to Monitor Tax Valuation SPRINGFIELD, NJ--New Jersey commercial property owners and investors need to keep close tabs on local property tax assessments to ensure that their properties are fairly valued, ...
September 1
6:00 PM
google 3 Ways To Dig Into The Dirt: Your Guide to Investing In Vacant Land We’ve all been there at one point or another. We pass by some vacant parcel of land for months, maybe even years.  We say to ourselves “man, I’d absolutely love ...
September 1
3:32 PM
globest 2004-2014: Housing's 'Lost Decade' TRUCKEE, CA--The impact of moderating home price growth will be felt in many areas, notably consumer confidence, Clear Capital's Alex Villacorta tells GlobeSt.com.
September 1
8:00 AM
globest New Jersey City U. Plans Expansion Project JERSEY CITY, NJ--New Jersey City University reports it is embarking on a $42-million expansion project at its campus here.
September 1
7:53 AM
globest Economist Compares AC's Woes to Great Depression ATLANTIC CITY, NJ--The closing this weekend of the Showboat and Revel casinos and the impending closing of Trump Plaza will result in the loss of nearly 6,000 jobs here and cause ...
September 1
7:46 AM
globest Honeywell Redevelopment Plan Wins Key Approval MORRIS TOWNSHIP, NJ--Rockefeller Group Development Corp.'s mixed-use plan to redevelop the Honeywell campus secured a key approval late last week that will allow the developer to ...
September 1
7:39 AM
globest Mountain Creek Water Park Hotel to be Part of $500M Project VERNON, NJ--The Mountain Creek resort here is planning to develop a $150-million indoor water park hotel that would help transform the property into a four-season destination.
September 1
7:20 AM
globest Planned Parenthood to Relocate, HQ to be Redeveloped WASHINGTON, DC--Local non-profit Planned Parenthood of Metropolitan Washington D.C. has entered into a contract to sell its headquarters at 1108 16th St. NW and relocate to a ...
September 1
7:12 AM
globest Olympic Committee, Redskins Show Interest in New RFK Stadium WASHINGTON, DC--The idea of building a new RFK Stadium in the District has drawn the interest of both the Olympic exploratory committee and Redskins owner Daniel Snyder.
September 1
6:58 AM
globest $112M Dealertrack Relocation Secures Incentives NORTH HILLS, NY--The $112-million relocation of Dealertrack Technologies Inc.'s corporate headquarters from Lake Success, NY to here got a major boost late last week when Nassau ...
August 29
9:35 PM
costar CoStar's People of Note (Aug. 24 - 30) It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following ...
August 29
6:44 PM
globest Mesa Multifamily Sells for $67M PHOENIX--CBRE has completed the sale of Lakeview at Superstition Springs, a 676-unit apartment complex located at 1849 S. Power Rd. in Mesa. The multifamily asset sold for $66.6 ...
August 29
6:04 PM
globest Mattress Firm Opens 1,500th Location PHOENIX-- The first Arizona, large-format Mattress Firm came to Scottsdale last week. The 23,958-square-foot outlet store is the largest Mattress Firm Supercenters in the ...
August 29
5:26 PM
globest Mattress Firm Adds to Its Bedding Empire HOUSTON--Mattress Firm Holding Corp. has acquired assets and operations of four companies around the country.
August 29
5:23 PM
globest Westin Diplomat Trades for $460M MIAMI--All told, Thayer shelled out $535.5 million to Diplomat Companies Limited Partner in the deal. Find out exactly what it bough.
August 29
5:23 PM
globest IVI Brings Several Services In-House NEW YORK CITY--The move gives the firm the ability to offer clients better information and a more seamless experience.
August 29
5:15 PM
globest Orange Leaf Coolly Expands Worldwide OKLAHOMA CITY--Orange Leaf Frozen Yogurt is looking toward worldwide expansion.
August 29
5:09 PM
globest Colliers Closes on Two DFW Multifamily Properties DALLAS--Colliers International North Texas has closed sales on two apartment communities in Fort Worth and Greenville.
August 29
4:17 PM
globest Cresa Adds MLB Champion Pitcher to Team MIAMI--Baseball fans may remember Steven Edlefsen as a pitcher for the San Francisco Giants. Find out what he brings to the Cresa industrial team.
August 29
3:48 PM
bizjournals Liberty Property, DRA among landlords of troubled CRS facilities Creative Recycling Systems' bankruptcy protection filing could be bad news for a number of large commercial landlords — but one may stand to profit as the company plans to ...
August 29
3:44 PM
globest JRK Funds Acquire $300M YTD LOS ANGELES--Through its two investment funds, Los Angeles-based JRK Investors acquires six multifamily properties in markets throughout the country so far this year, and plans to ...
August 29
3:26 PM
bizjournals An injection for Bothell: Botox suitor more than doubles in size Valeant Pharmaceuticals International, which is trying to buy Botox maker Allergan, is expanding in the North Creek area Bothell, where it's more than doubling in size, said ...
August 29
3:02 PM
globest Value-Add Hollywood Hills Complex Trades Hands LOS ANGELES--Private investor Kambiz Hakim acquires the 48-unit complex in the Hollywood Hills for the value-add opportunity, GlobeSt.com reports EXCLUSIVELY .
August 29
2:58 PM
globest DT Mixed-Use Projects Fly Off Market LOS ANGELES--A local investor buys a 36-unit, 90%-occupied apartment complex with plans to reposition the property into a mixed-use complex, in a transaction that closed in 17 ...
August 29
2:42 PM
nytimes DealBook: To Compete Against Alibaba, Wanda Joins Forces With Baidu and Tencent Dalian Wanda, the Chinese conglomerate controlled by the billionaire Wang Jianlin, announced it would enter the e-commerce industry in an $800 million partnership with two of ...
August 29
2:24 PM
globest NorthMarq Arranges $23M in Acquisition Financing PHOENIX--NorthMarq Capital's Phoenix office secured $22.8 million in acquisition financing for Ocotillo Springs, a class A, 272-unit multifamily property located at 825 W. Queen ...
August 29
2:00 PM
bizjournals New state child protection agency leases office space in west, north Phoenix The state’s new child protection agency has leased private office space in the West Valley and north Phoenix. Arizona’s Department of Child Safety was created earlier this year ...
August 29
1:58 PM
globest Blackstone Eyes $2B Sale of Bryant Park Tower NEW YORK CITY--Home to MetLife and soon to Verizon Communications as well, the 42-story 1095 Sixth is one of three remaining Midtown properties in the Equity Office portfolio that ...
August 29
1:55 PM
bizjournals Timeline to approval for Orlando Sentinel mixed-use project in downtown The Orlando Sentinel ’s parent company is in the planning process for a major mixed-use project at its two locations downtown. The two-phase project would have 746 apartment ...
August 29
1:55 PM
globest How to Navigate Today's Hairy Deals TUSTIN, CA--Bridgeport Investments' Randy Bramel talks to GlobeSt.com about what it takes to close complicated transactions like the firm's recent $50-million debt and equity ...
August 29
1:46 PM
globest Canadian Bank Inks Partnership With Lennar NAPLES, FL--There's been plenty of talk about the Canadian capital invasion, from investors to bank branches. The latest move comes from RBC Bank. Get all the details.
August 29
1:21 PM
bizjournals Here's proof that cloud price wars aren't slowing down DigitalOcean When a tech startup whose business is almost entirely virtual needs to quintuple its office space, it's a sign of things going well. It's even more notable when that business is ...
August 29
12:54 PM
globest BPY to Drive Off with Auto RE Firm for $4.3B NEW YORK CITY--Currently a portfolio company of DRA Advisors, Capital Automotive was co-founded as a REIT by David S. Kay, now president of American Realty Capital Properties.
August 29
12:42 PM
bizjournals Driven by apartment frenzy, HFO pumps up Portland office An apartment investment firm said this week it will boost its Portland office. HFO Investment Real Estate has added three staff positions and one broker. The hires expand HFO's ...
August 29
12:39 PM
bizjournals The list: office buildings There’s more than 1.5 million square feet of office space available for lease — and that’s just in Albuquerque’s Top 25 largest office buildings. This week, The List takes a look ...
August 29
12:38 PM
globest Resort-Style Multifamily Changes Hands RICHMOND, CA--TruAmerica Paid $38.8 million for Summit at Hilltop, which includes 10 buildings on 12 acres.
August 29
12:34 PM
globest K-W Completes UK Project MANCHESTER, UK--Kennedy Wilson now has more than 3,000 units in various stages of entitlement and development worldwide, and has completed a project and the Rock, a mixed use in ...
August 29
11:51 AM
globest Jacksonville's Retail Bull's-Eye JACKSONVILLE, FL--CBRE's Collis McGeachy tells GlobeSt.com's Jennifer LeClaire the one thing that could make a huge impact on Jacksonville's retail market.
August 29
11:29 AM
bizjournals Check-out time? Plaza Holiday Inn owners weigh 'tear-down' option How valuable is prime commercial real estate in the Country Club Plaza area? It's so valuable that the owners of the Holiday Inn Country Club Plaza are considering razing the ...
August 29
11:10 AM
globest Stabilized Core and Value-Add's Closing Gap LOS ANGELES--GlobeSt.com EXCLUSIVELY chats with a CBRE retail investment team on the increasing convergence in pricing between stabilized core and value-added retail assets.
August 29
10:50 AM
globest Oaktree Partners with Timbers Resorts CARBONDALE, CO--John Brady, global head of real estate for Oaktree, and David Burden, founder and CEO of Timbers Resorts, to be co-chairmen.
August 29
10:47 AM
globest Rialto Pays $49M for Suburban Campus SAN FRANCISCO--With San Francisco's record breaking recovery, investors are searching for yield in other parts of the Bay Area, one source tells GlobeSt.com.
August 29
9:39 AM
bizjournals Is Orlando Sentinel property's proposed hotel too much for downtown Orlando? The Orlando Sentinel property's massive mixed-use project includes a 144-room hotel property in its second phase. That would be another hotel of many in play for downtown ...
August 29
9:38 AM
bizjournals Barclays Bank lands at newly developed Craig Ranch office building in McKinney After more than eight months of discussion, London-based Barclays Bank is placing a new U.S. technology center at the recently completed McKinney Corporate Center 1 building at ...