Tishman Speyer Signs Ventas as New Tenant in Chicago Office Tower
Tishman Speyer has signed a new tenant at 353 North Clark, a Class-A office tower in Chicago acquired by the firm in December 2010.Ventas Inc., the giant seniors housing and health care real estate investment trust (REIT), has signed a direct lease for 28,557 sq. ft. ...
Why Corporate Space Users Are Top Bidders for Distressed Office Properties
Property owners seeking a buyer to take a distressed office building off their hands should consider marketing to corporate space occupiers as well as conventional investors. ...
Pre-Leasing Begins for the Posh Foundry Lofts Development in Washington, D.C.
Forest City Washington has begun pre-leasing Foundry Lofts, an adaptive reuse of a historic industrial building located in The Yards, a burgeoning mixed-use development in southeast D.C. near Nationals Park....
Expanding Sabal Financial Group Acquires $212 Million Loan Portfolio
A California-based financial services management firm has acquired more than 100 performing and non-performing loans secured primarily by retail, office and industrial properties. ...
HFF Arranges $118 Million Refinancing for Century Center I and II in Crystal City, Va.
HFF has arranged a $118 million refinancing for Century Center I and II, a two-building office complex with ground floor retail totaling 626,004 sq. ft. in Crystal City, Va. The deal was completed in July, but details of the transaction were disclosed Monday....
Will CoStar’s Mobile App for Commercial Real Estate Revolutionize the Brokerage Industry?
Austin broker Gaines Bagby is convinced that CoStar Group’s new iPad app, CoStar Go, is a game changer. ...
RealtyTrac Software Simplifies Search for Distressed Properties
Investors seeking to acquire commercial or residential real estate from distressed owners or out of foreclosure can now enter search parameters and download extensive lists of properties fitting their criteria using Mega Data, a new pay-as-you-go feature offered by RealtyTrac....
Forest City Brings Virtual Shopping to Malls
Shoppers at three California malls will get a chance to try out a full-motion, 3D virtual dressing room in September....
There's No Place Like (A Multifamily) Home
While it may be an exaggeration to say the American Dream of homeownership is dead, it's a fact that more and more Americans are choosing to rent....
CBRE Capital Markets Arranges $380 Million in Financing for Manhattan Mixed-Use Project
Jamestown Properties has financed the iconic Chelsea Market mixed-use project in Manhattan with a $380 million loan arranged by CBRE Capital Markets. The borrower used the proceeds to buy out its partners in the property, Angelo, Gordon & Co., Belvedere Capital and original Chelsea Market developer Irwin Cohen....
Westwood Financial Sells Retail Center in Scottsdale for $16.1 Million in All-Cash Deal
Westwood Financial Corp. has sold Terravita Marketplace — a 102,733 sq. ft. grocery-anchored retail center in Scottsdale, Ariz. — to Whitestone REIT for $16.1 million in cash. ...
NREI Captures Two Gold Awards, One Silver in ASBPE National Competition
National Real Estate Investor garnered three national awards in the 2011 American Society of Business Publication Editors (ASBPE) competition that recognizes outstanding editorial, design, and online achievement....
Will Fed’s Surprise Rate Decision Bolster Economy, or Prolong Lending Malaise?
The threat of an imminent rise in interest and capitalization rates abated Tuesday, courtesy of the Federal Reserve’s plan to suppress short-term interest rates for the next two years. ...
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