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Commercial Real Estate News Feed

July 25
7:52 PM
nytimes DealBook: A Landlord Rents Office Space, and Maybe a Picture or Two The Durst Organization, a New York office landlord, and Asher Edelman, an art financier, plan to acquire fine art and allow businesses to lease it for their office walls.
July 25
3:45 PM
bizjournals Going higher: Biotech company takes Boeing space atop Russell building in Seattle High-flying biotech company Acucela is subleasing Boeing's space at the top of Russell Investments Center in downtown Seattle. It's the latest big splash for Seattle-based ...
July 25
2:31 PM
globest RFR Reaps Rewards of 90 Fifth Ave. Revamp NEW YORK CITY--Following a reposition, the building nabs a new tenant in this week's wrap-up of recent deals.
July 25
2:22 PM
globest The Vermont Trades Hands for $283M LOS ANGELES--Capri Capital Partners and TruAmerica Multifamily partner to buy the 464-unit luxury Koreatown high rise from J.H. Snyder in the state's largest multifamily mixed-use ...
July 25
2:17 PM
globest L.A. Market Finally Rivals Bay Area LOS ANGELES--According to a video report from Allen Matkins and UCLA Anderson, the Los Angeles market is fully recovered and is beginning to catch up to its northern competitor, ...
July 25
2:04 PM
bizjournals Liberty Property Trust makes plans for new warehouse park in Durham The new owner of a 36-acre industrial site near Research Triangle Park is wasting no time kicking off plans to begin construction of its first speculative warehouse building in ...
July 25
1:42 PM
globest REBNY in the Crosshairs NEW YORK CITY--Amid a scandal charging that Governor Cuomo got in the way of a commission he created to root out corruption, the city's major industry organization is reportedly ...
July 25
1:31 PM
nreionline Investors Love Industrial as Returns on Office Buys Fall Office and industrial properties achieved full recovery nationwide by the second half of 2014, with cap rates compressing and prices skyrocketing. This is pushing investors to ...
July 25
1:16 PM
globest Bridge Loan to Finance Iconic Tower Upgrade NASHVILLE, TN--UC Funds of Boston reports it has funded a $16-million bridge loan for the refinance and renovation of the L&C Tower in downtown Nashville.
July 25
1:10 PM
globest Specialty Pallet Service Takes 225,000 SF at Majestic Business Park RIVERSIDE, CA--iGPS provides traceable pallets that us RFID technology.
July 25
1:09 PM
globest NY Investment Firm Buys Miami Retail Property MIAMI--Atlas Real Estate Partners of New York City reports it has acquired 2301 North Miami Ave. in the Wynwood section of the city.
July 25
12:52 PM
globest BioMed Expands Space for Bristol-Myers Squibb Lease at Woodside REDWOOD CITY, CA--The global BioPharmaceutical leader is leasing an additional 61,000 square feet to grow its Bay-Area research operations.
July 25
12:46 PM
globest FelCor Lodging Takes $140M Term Loan IRVING, TX--As part of its effort to restructure its balance sheet, the REIT has borrowed against three properties.
July 25
12:44 PM
nreionline Private Buyers Crowd Out Institutions in Net Lease Market Randy Blankstein The retail sector experienced the third straight quarter of historically low cap rates as a result of increased demand and the continually growing ...
July 25
11:24 AM
globest Site Clearing Begins for 1M-SF Allentown MXD ALLENTOWN, PA--The former Lehigh Structural Steel brownfield site will become a complex of office and multifamily space in a redevelopment spearheaded by Jaindl Properties and ...
July 25
10:32 AM
bizjournals 1835 Market St. hits the market, could trade for more than $100M In 2002, a joint venture involving the California State Teachers Retirement System bought 1835 Market St. in Center City for $80 million. Now CalSTRS has put the office tower on ...
July 25
10:29 AM
nreionline 10 Must Reads for the CRE Industry Today (July 25, 2014) Private equity firm Blackstone grew its global real estate assets by 26 percent since the second quarter of 2013, according to Real Estate Weekly. Wal-Mart Stores’ new CEO faces ...
July 25
10:18 AM
globest Report Indicates Continued San Diego Industrial Rebound SAN DIEGO--Industrial vacancy drops to pre-recession level, and Cassidy Turley reports 862,008 SF or absorption year-to-date.
July 25
10:03 AM
globest Key Crowdfunding Takeaway Is Simplicity WASHINGTON, DC--Investors want investments that don't need hours of additional investor analysis and due diligence, they want deals that make sense, says crowdfunding expert Dan ...
July 25
9:54 AM
globest MetroNational Completes Treehouse Project HOUSTON--Unique, forward-designed building will showcase projects and concepts uitilized in Memorial City planning and development.
July 25
9:40 AM
bizjournals Chart of the Day: Greater Cincinnati's explosive office sales Commercial real estate sales are heating up, but one sector in particular is having a break out year in 2014. Sales of office properties hit more than $353 million in the first ...
July 25
8:36 AM
bizjournals Aguer Havelock commercial real estate firm acquired Seeking to raise its profile in Sacramento and elsewhere, commercial real estate firm Avison Young has acquired local firm Aguer Havelock. Stemming from the acquisition, Tom ...
July 25
8:16 AM
globest COPT Predicts Higher FFO; Inks 131,600 SF Lease COLUMBIA, MD--Separately, the REIT announced that a defense contractor is taking 131,600 square feet at its Redstone Gateway project in Huntsville, AL.
July 25
7:37 AM
bizjournals Former industrial building converting to heated boat storage A vacant industrial property in downtown Racine will now become indoor boat storage space, with heat. The owners of Racine Riverside Marine bought the vacant property last week. ...
July 25
7:37 AM
globest Once Skittish, More Investors Eye Suburban Office OWINGS MILL, MD--First Potomac has entered into a non-binding contract to sell four buildings at Owings Mills Business Park. Other deals are quietly happening as well.
July 25
6:48 AM
bizjournals Five things you need to know today, and this woman took the same photo of herself for 6.5 years Good morning, Cincinnati! Here are the five most important things you need to know to help start your busy business day: 'Cincinnati is on a roll' If you read just one story ...
July 25
6:44 AM
bizjournals Groceries and a movie theater top downtown residents' wish list It’s official: an urban grocery, a movie theater and more shopping top the list of downtown Nashville residents’ wants for yet another year, according to the Downtown Nashville ...
July 25
6:41 AM
bizjournals The List: Top Commercial Real Estate Developers A Boca Raton-based company ranked first on the South Florida Business Journal’s list of the top commercial real estate developers. The company earned the top spot based on its ...
July 25
6:38 AM
bizjournals Developers buy land with plans to create Miami Riverwalk New York real estate investors Chetrit Group and Miami developer Ari Pearl have bought 6.2 acres of land along the Miami River with plans to build a mixed-used development called ...
July 25
6:00 AM
bizjournals Boa Technology, a Health Links Colorado leader, demonstrates total company wellness (Slideshow) (Video) In the hip, modern three floors of office space at Boa Technology, bicycles crowd almost every corner, climbing ropes and pulling bars hang from the ceiling, fruit bowls sit out ...
July 25
5:05 AM
bizjournals Here are the top 5 commercial property managers in Greater Baltimore This week’s Top of the List is from the List of top commercial property management companies in Greater Baltimore, ranked by local square feet managed in 2014. Here they are, ...
July 25
1:16 AM
globest Tucker Hires Veteran as Director of Leasing CHICAGO--Tucker is developing Hudson Lights, a one-million-square-foot, mixed-use redevelopment in Fort Lee, NJ, but is looking to expand its footprint in New York and Chicago.
July 25
12:29 AM
costar AY's Mark Rose On His Quest to Create a Completely Different CRE Services Company In the five years since beginning its international expansion, Toronto-based Avison Young has increased in size, scale and market share faster than many much older and more ...
July 25
12:00 AM
costar CoStar's People of Note (July 20 - 26) 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 ...
July 24
11:35 PM
globest 300 S. Wacker Tenants Expand CHICAGO--The new owner has launched a building renovation plan, and says the tower is now 88% leased.
July 24
10:34 PM
globest KBS Acquires $51M Northland Center MINNEAPOLIS--This is the third major property in the Twin Cities area recently bought by a KBS-affiliated company.
July 24
10:09 PM
costar Tishman Pulls Trigger On New Alliance Center Office Tower in Buckhead Tishman Speyer announced the long-awaited construction start date for its Three Alliance Center in Atlanta's Upper Buckhead submarket. The 30-story, 500,000-square-foot office ...
July 24
9:40 PM
costar Spec Development Returning In Hottest U.S. Office Markets Cranes are once again dotting the skylines of select U.S. cities as office construction, fueled by rising rents and strengthening demand in the improved economy, finally awakens ...
July 24
9:27 PM
costar AdCare Transitioning to a Health Care Facilities Holding Company AdCare Health Systems Inc., an Atlanta-based provider of senior living and health care facility management, plans to transition a health care property holding and leasing ...
July 24
9:15 PM
globest NMHC: Supply Not a Problem for MF WASHINGTON, DC--The new development throughout the country in this asset class has not impacted rents or vacancies, according to the National Multifamily Housing Council's latest ...
July 24
8:49 PM
globest L+M Development Opens Candlestick Heights SAN FRANCISCO--Project revives a stalled plan for market-rate condos, creating a completely affordable development to serve the community.
July 24
8:45 PM
globest Crescent Building Executive Team FORT WORTH, TX--Firm builds management team to position company for planned growth.
July 24
6:30 PM
globest Level 2 Buys Burger King Site for Nearly $9M WASHINGTON, DC--An affiliate of locally-based Level 2 Development has acquired the Burger King site at 320 Florida Ave. NE for approximately $8.8 million.
July 24
6:23 PM
globest Howard County to Pay Nearly $32M for Columbia Commons Apartments COLUMBIA, MD--The Howard County Housing Commission in an attempt to preserve affordable housing is considering the purchase of the 200-unit Columbia Commons Apartments here.
July 24
6:01 PM
globest Before Leasing, Tweet First AUSTIN, TX--Joining office availability data to hashtags is the connection RealMassive has made with its CRENow Twitter platform. GlobeSt.com talks EXCLUSIVELY with CEO Joshua ...
July 24
5:55 PM
globest NJ Launches Energy Resilience Bank TRENTON, NJ--Devised in response to Superstorm Sandy, the ERB reportedly will be the first state-level fund to bankroll projects for making energy infrastructure more resilient in ...
July 24
5:10 PM
globest Retail Market Hits Mini Growth Spurt LOS ANGELES--Kennedy Wilson closes four retail lease transactions that illustrate a miniature uptick in the retail market, according to the firm's Ed Sachse, who represented one ...
July 24
4:30 PM
bizjournals Intacct lease fills part of San Jose's long-vacant Riverpark II In the most significant new downtown commercial real estate deal in years, growing cloud accounting software maker Intacct Corp. has agreed to lease about 60,000 square feet at ...
July 24
4:17 PM
globest Sales Pick Up Steam at Residences at Mandarin Oriental, Atlanta ATLANTA--Sales at the luxury property The Residences at Mandarin Oriental, Atlanta have reached nearly $16 million for the first six months of this year.
July 24
4:10 PM
globest Enstar Takes Full Floor at Morgan Stanley Tower ST. PETERSBURG, FL--Enstar Group Ltd. subsidiary Enstar Inc. has leased 13,621 square feet at the Morgan Stanley Tower in downtown St. Petersburg