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Commercial Real Estate News Feed

October 24
5:54 PM
wsj Time to Refinance (Again)? The average charge on a 30-year fixed-rate loan is the lowest since June 2013.
October 24
4:47 PM
bizjournals ​Dispute over state-owned buildings heads to trial After nearly four years in limbo, a dispute over the purchase of 11 state-owned buildings in Sacramento and elsewhere heads to trial next month. A group of real estate interests ...
October 24
4:27 PM
bizjournals Local investment capital firm sells real estate holdings for $44 million Patoka Capital LLC has sold six Regal Cinema locations for $44 million, according to a news release from the New Albany, Ind.-based private-equity firm. The six commercial ...
October 24
3:06 PM
bizjournals Behind Phil Kirk's behind-the-scenes efforts was a heart of gold After learning of Phil Kirk's death on Thursday, I reflected on meeting him for the first time. It was the spring of 2010, and as I pulled up to his home, in a posh Kirkwood ...
October 24
1:39 PM
globest Brooklyn Heights Site Sold for Record Price NEW YORK CITY--The buyer's cost is approximately $40 to $50 higher than other recent transactions in the area, CPEX Real Estate managing director Sean Kelly, who arranged the ...
October 24
1:11 PM
globest One WTC Ready to Open NEW YORK CITY--The debut won't be met with much celebration as that component of the tower's launch will happen after Election Day.
October 24
1:11 PM
globest CoreLogic Reports 3% Net Income Gain in Q3 IRVINE CA--Revenue growth and margin expansion have been driven by a strategic business transformation, the company says.
October 24
12:43 PM
globest California Res Markets Bringing Top Rents SAN JOSE, CA--Realfacts.com just released a fall market report identifying average rents by market.
October 24
11:59 AM
globest Big Shopping Centers Acquires Majority Interest in Crosspointe Plaza GREENVILLE, SC--Big Shopping Centers USA of Beverly Hills, CA reports it has entered into a joint venture with RealtyLink to acquire the Crosspointe Plaza shopping center here ...
October 24
11:52 AM
globest Signet Holds Groundbreaking for Student Housing Project GAINESVILLE, FL--Signet Development of Jacksonville, FL held a ceremonial groundbreaking ceremony for its $23-million Infinity Hall, a live, learn student housing project, at the ...
October 24
11:27 AM
globest Orlando 2015 CRE Forecast Looks Sunny MIAMI--Andrew Wright, CEO and managing partner at Franklin Street, tells GlobeSt.com's Jennifer LeClaire what he sees coming down the pike in Orlando's commercial real estate ...
October 24
11:19 AM
globest McCraney Building More Spec Industrial PALM BEACH-- Steven McCraney, president and CEO of McCraney, tells GlobeSt.com's Jennifer LeClaire the demand for well-located, modern warehouse-distribution product is the best ...
October 24
11:02 AM
globest International Property Management Standards NEW YORK CITY--Demand will continue to be driven over time through a growing awareness of the benefits that IPMS offers in providing comparable information from one market to the ...
October 24
11:02 AM
globest Office Gains a Global Yardstick NEW YORK CITY--Demand will continue to be driven over time through a growing awareness of the benefits that IPMS offers in providing comparable information from one market to the ...
October 24
11:02 AM
globest Office Gets a Global Yardstick NEW YORK CITY--Demand will continue to be driven over time through a growing awareness of the benefits that IPMS offers in providing comparable information from one market to the ...
October 24
10:44 AM
globest Retail Market "Strong as Ever," Says C&W SAN FRANCISCO--Rents in Union Square rose to $600 PSF from the previous quarter, up a strong 20% from the previous quarter and 15% year-over-year.
October 24
10:39 AM
bizjournals Top of the list: Wichita's largest office buildings This week's list showcases Wichita's top 25 largest office buildings. See the attached slideshow for more on the buildings at the top the list. While some tenants moved to ...
October 24
10:29 AM
globest Google Buys Half of Tech Park REDWOOD CITY, CA--Google confirms to GlobeSt.com that it has made a $585-million deal with Starwood Capital and Blackstone.
October 24
8:48 AM
globest Behind the Airport Business Center Refi IRVINE, CA--The Koll Co.'s Jerry Yahr tells GlobeSt.com the recent $158-million refinancing for Airport Business Center here reflects the uniqueness of the property as well as the ...
October 24
8:33 AM
bizjournals Prime Sugar Land property selling fast More than half of the 90 acres of prime commercial property in Sugar Land that was recently put up for sale at the master-planned community Telfair have sold with medical offices, ...
October 24
8:29 AM
globest Rockledge Bear Valley Fetches $26M for JV DENVER--The 230-unit, garden-style multifamily community in Southwest Denver is sold to Jackson Square Properties free and clear of existing debt in this week's wrap-up of deals.
October 24
7:52 AM
bizjournals Wichita office buildings short on new, expanding tenants Office building activity in Wichita is not exactly stagnant, as businesses relocate and sign new leases. But real estate brokers say much of their excess space isn't being ...
October 24
7:49 AM
globest Source: Gunston Plaza Trades for $38M LORTON, VA--Retail fundamentals are steadily improving in Northern Virginia, Delta Associates says in its new report.
October 24
6:55 AM
globest Steadfast Spends $99M on Atlanta Multifamily ATLANTA--"We specifically seek to acquire properties in areas that have demonstrated continued economic growth and a strong renter pool," says Ella Shaw Neyland, president of ...
October 24
6:46 AM
globest Orlando: Bright Spots and Sore Spots MIAMI--GlobeSt.com caught up with Andrew Wright, CEO and managing partner of Franklin Street, to get his take what's really going on in Central Florida's commercial real estate ...
October 24
5:00 AM
bizjournals New GMs in the driver seat at Albany's biggest malls Mall GMs are key figures in both retail and real estate. They oversee millions of dollars in retail activity annually. They oversee millions of square feet of commercial real ...
October 24
3:08 AM
globest Cohen Finances Lincoln Park Acquisition CHICAGO--The Lincoln Park West retail-condo tower is one of the neighborhood's most well-known buildings, largely due to the presence of tenant R.J. Grunts.
October 24
2:04 AM
globest CBD Office Market Thrives in 3Q CHICAGO--The vacancy rate keeps dropping, absorption is on the verge of hitting a peak, and expanding tech firms are just one part of the story, according to MBRE.
October 24
1:25 AM
costar American Real Estate Partners and Investcorp Finalize $176 Million Canal Center Acquisition Herndon, VA-based American Real Estate Partners, in a joint venture with New York City-based Investcorp, acquired the 540,000-square-foot, four-building Canal Center office park ...
October 24
12:30 AM
costar CoStar's People of Note (Oct. 19 - 25) 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 ...
October 23
11:06 PM
globest St. Louis Office Market Accelerates ST. LOUIS--Over the next 12 months, 38 tenants that need more than 25K SF of space will be in the market for new space, and there are few remaining class A suburban offices that ...
October 23
10:03 PM
globest College in Talks to Buy One of Two Closed Casinos ATLANTIC CITY, NJ--Richard Stockton College is in negotiations to acquire one of two shuttered casinos here for a new Atlantic City campus.
October 23
9:55 PM
globest Jersey City Hotel Gets 20-Year Tax Exemption JERSEY CITY, NJ--The Jersey City Council passed a resolution by a 7-2 vote that gives the 152-room Marriott hotel a 20-year tax abatement.
October 23
9:44 PM
globest Owings Mills Business Park Trades for $13M OWINGS MILLS, MD--CSG Partners LLC has purchased the Owings Mills Business Center and Owings Mills Corporate Center here for $13 million.
October 23
9:36 PM
globest South Korean Firm Acquires Patriots Park RESTON, VA--Boston Properties has reportedly sold its Patriots Park office complex here to an affiliate of South Korea's Hyundai Group for approximately $321 million.
October 23
9:30 PM
globest WRT's Design for Bethlehem's SteelStacks Gets ULI Global Award for Excellence BETHLEHEM, PA--Philadelphia-based Wallace Roberts & Todd, an integrated design firm of architects, landscape architects and planners, received the 35th annual ULI Global Awards ...
October 23
9:16 PM
globest One Liberty Properties Sells Parsippany Office Property for $40 Million PARSIPPANY, NJ–One Liberty Properties, Inc. has sold 45 Waterview Boulevard, a 106,680-square-foot office property in Parsippany, NJ, to an offshore buyer for approximately $40 ...
October 23
8:52 PM
globest Parsons Leases at Gateway Newark; Mark Scott Joins US Realty Capital In deal-tracker news this week, C&K Properties has signed Parsons Transportation Group, Inc. to a long term lease for 12,300 square feet at 2 Gateway Center. Mark Scott of ...
October 23
8:32 PM
globest Tuesday Morning Leases at Blue Star Shopping Center in Watchung, NJ WATCHUNG, NJ--Tuesday Morning, a leading off-price retailer of upscale home accessories, housewares, seasonal goods and gifts, has leased 11,000 square feet of space at the ...
October 23
8:24 PM
globest Barry Cohen Joins Transwestern's Bethesda Office BETHESDA, MD--He will concentrate on the biotech/life sciences and high-tech sectors.
October 23
8:19 PM
wsj 'New Urbanism' Hits the Suburbs Long Island is seeing a boomlet in alternatives to the long-treasured single-family home, from rental buildings near transit hubs for young people to multistory condo developments ...
October 23
8:18 PM
globest Societe Generale to Lease at Canary Wharf LONDON--Societe Generale will occupy the ground and the first seven floors of the 26-story building.
October 23
8:05 PM
globest Elevation at Washington Gateway Debuts to Crowded Market WASHINGTON, DC--So far DC has been able to weather the non-stop supply of new apartment product, Delta Associates says.
October 23
6:46 PM
wsj London Real-Estate Market May Be Cooling Homes in the U.K. capital have been among the hottest global assets in recent years, but signs continue to suggest the heat is escaping.
October 23
6:10 PM
globest HomeSmart Buys Scottsdale Office Building PHOENIX--8388 Hartford LLC, managed by HomeSmart founder Matt Widdows, purchased a 66,800-square-foot office building in the Perimeter Center Scottsdale located at 8388 E. ...
October 23
5:37 PM
globest NYBC: Construction Activity Through 2016 Near Record Levels NEW YORK CITY--"The NYC construction market has just about fully rebounded from its post-recession depths and is nearing boom territory once again," says Building Congress ...
October 23
5:36 PM
globest Emerging Rental Home Sector Gets Guidelines WASHINGTON, DC--The publication of the National Rental Home Council's operating guidelines occurs amid increasingly bright prospects for securitization in the sector.
October 23
5:20 PM
globest $350M Condos to Break Ground PHOENIX--Luxury, sustainable condominiums are slated to hit the market in Scottsdale when The Sterling Collection at Silverleaf launches sales in early November at the $350 ...
October 23
5:01 PM
globest Related Buys Stake in CORE NEW YORK CITY--The Hudson Yards developer appears to have been interested in CORE's presence in the condominium space.
October 23
4:32 PM
globest Hulen Pointe in FW Sells to Addison Investor DALLAS--CBRE Capital Markets' Retail Investment Properties has announced the sale of Hulen Pointe Shopping Center in southwest Fort Worth.