National Real Estate Investor Area Reviews
Atlanta
Cousins Buys Atlanta Office Building for $134.7M
Cousins Properties acquired Promenade Two in a $134.7 million deal....
Transwestern Finds Market for Distressed Atlanta Office Buildings
Transwestern's Atlanta investment sales team has brokered three deals involving distressed office properties in recent months....
Chicago
PREI Acquires Class-A Chicago Office Building
PREI pays $183.5 million for a Chicago office tower....
Chicago Seniors Housing Market Slowly Gains Traction
The market for seniors housing properties in Chicago is heating up....
Dallas
As it Expanded, Fossil Flipped its Headquarters for a New Leased Space
Earlier this year, Fossil inked a long-term lease for 535,000 sq. ft. of office space at 901 Central in Richardson, a northern suburb of Dallas. At the same time, the company sold off two office buildings and one distribution facility totaling 459,000 sq. ft. ...
Fully Leased Office Building in AllianceTexas Development Sells for $18.7 Million
Macquarie CNL Global Income Trust has acquired the first of two fully leased office buildings in Fort Worth, Texas for $18.7 million as part of a two-building purchase agreement. ...
Detroit
As Office Sector Enters New Stage of Recovery, Cities in the Heartland Become Good Acquisition Bets
Investment in office buildings in secondary markets is starting to pick up....
Detroit Fights for New Business With $270 Million Convention Center Expansion
A $270 million transformation under way at Detroit’s Cobo Conference & Exhibition Center is already paying off. ...
International
RREEF to Get Plenty of Bidders, Experts Say
If Deutsche Bank puts RREEF up for sale, bidders will line up....
Sometimes Just Coping with Crisis Shows a Leader's Mettle
When Anne Usher walked into her husband's office at his Panama-based company on a September morning in 2009, she was unprepared for what she saw. Harvey...
Las Vegas
Digital Signage Expo A Draw for Hoteliers
The Digital Signage Expo last week drew a record number of exhibitors, registrations and offered the most educational opportunities in its eight-year history....
CB Richard Ellis Group Posts Double-Digit Revenue Gains
Growth accelerated in the fourth quarter for the world's largest commercial property brokerage as the economies improved in Asia and the United States and more companies made real estate decisions....
Los Angeles
DIRECTV Signs Largest Office Lease in Los Angeles in Past 10 Years
DIRECTV inks what is reportedly the biggest Los Angeles lease in a decade....
Wood Partners to Begin Construction of $75 Million Luxury Apartment Complex in Los Angeles
Wood Partners has purchased a four-plus acre development in the Woodland Hills district of Los Angeles and plans to begin construction of its new $75 million Warner Park luxury apartment community on the site by mid-August. The construction time is estimated at 22 months with the first units to be available in early 2013....
Miami
Miami Attorney Tackles Hotel Distress Cases as Deal Junkies Circle
Suzanne Amaducci-Adams, a partner at Miami-based law firm Bilzin Sumberg, knows from her experience with distressed hotel properties that the worst is...
Schneider Grabs Top Sales Honors
Lori Schneider is not just one of the top female investment specialists in the Southeast region for Marcus & Millichap. She's one of the top investment specialists at the firm, period. She is the first woman at the Encino, Calif.-based commercial real estate services provider...
New Jersey Commercial Real Estate News
The Hampshire Cos. Sell Two Units in Industrial Condo Building
The Hampshire Companies has announced the disposition of two units, a total of 39,035 sq. ft., in an industrial condominium building....
Jones Lang LaSalle Bolsters New Jersey Industrial Team
Jones Lang LaSalle has announced that it has expanded its industrial team in New Jersey with the addition of four real estate professionals....
New York
CoreNet Video Conference Focuses On Regional Job Creation
A video conference will bring together corporate real estate professionals from New Jersey and New York to discuss jobs....
Vornado Refinances Eleven Penn Plaza for $330M
Vornado Realty Trust completed a $330 million refinancing of Eleven Penn Plaza....
Oklahoma City
Hotel Recession Kicks in for W Brand
W Hotels built in recent years in New York, Atlanta, Phoenix/Scottsdale, San Diego... you get the idea... are in deep trouble....
Bucking the Trend: Oklahoma City Shines Brightly Amid Dark Economy
Thanks to the nation’s lowest jobless rate among large cities, Oklahoma City’s office market has not headed down the all-too-familiar slippery slope of rising vacancies and lower rents that many other metro areas have experienced over the past year. Not yet, anyway....
San Francisco
Bay Area Governments Expand the Use of Transfer Taxes to Boost Collections
To boost revenues, Bay Area governments have been expanding how they collect transfer taxes....
San Francisco Earns Greenest City Honors
There’s a green hue to the Golden Gate City, which ranks No. 1 among 27 U.S. and Canadian cities in a recent study....
Washington DC
UDR Makes $154M JV Acquisition in Washington, D.C.
UDR has made another Washington D.C. multifamily acquisition. ...
Brandywine Forms Venture with Allstate Subsidiary to Acquire Office Buildings in D.C.
Brandywine Realty Trust forms a joint venture with Current Creek Investments on D.C. properties....
