Mirante Looks Forward to New Challenges in Leading Avison Young’s NY Office
Avison Young(AY) is opening its first office in New York and has hired Arthur J. Mirante, II as principal and tri-state president. Transwestern has named Rob Bagguley to lead the company’s consulting and advisory services in the Middle East and North Africa. And The Missner Group has hired June McCrory as vice president of property management. ...
Viacom Expands to 1.6MSF in Renewal with SL Green
SL Green Realty Corp. announced that Viacom Inc. has renewed its commitment at 1515 Broadway....
Rufrano: International Expansion Driven by Retailers Saturating Home Markets
Glenn Rufrano, president & CEO of Cushman & Wakefield discusses how retailers go about deciding to expand internationally and what happens after they make that decision....
Arthur Mirante, II to Lead Avison Young’s New York Office
Former Cushman & Wakefield CEO will serve as principal and tri-state president....
GlenStar, USAA Real Estate Company Purchase Chicago Board of Trade Building for $151.5M
GlenStar Properties LLC and USAA Real Estate Company have acquired the landmark Chicago Board of Trade Building for $151.5 million from CME Group. ...
U.S. Bank Closes on $284M Loan for California Tower
U.S. Bank and Jay Paul Co. have closed on a $284.7 million construction/bridge loan that will finance Moffett Towers Phase II, a 1.03-million-sq.-ft. class-A mid-rise office project in Sunnyvale, Calif....
Seniors Housing Occupancy Continues Modest Recovery
The seniors housing occupancy rate continued its gradual recovery in the first quarter of 2012, reports the National Investment Center for the Seniors Housing & Care Industry (NIC). ...
Interest Rates Down, Leverage Up for Conduit Loans
Conduit lenders are growing increasingly competitive. ...
CommonWealth Buys Seattle Office Building for $480M
JP Morgan Chase, Boeing and Nordstrom are some of the tenants at the property....
Rosemary Scanlon Leads NYU Schack Institute
The NYU Schack Institute's appointment of Rosemary Scanlon to the position of divisional dean leads this week's roundup of names in the news....
KKR, YTC Pacific Partner to Invest $196M in Yorktown Center
Kohlberg Kravis Roberts & Co. LP, in partnership with YTC Pacific, have invested $196 million in Yorktown Center. This marks the first retail real estate investment in the U.S. by KKR's newly formed dedicated real estate group....
Archstone Raises $350M for Acquisition Fund
Archstone closed a new fund aimed at acquiring apartment communities....
The Lowdown on Non-Traded REITs and FINRA
What does the potential FINRA Reg. 12-14 mean for non-traded REITs? ...
American Realty Capital Trust Closes on $200M Wells Fargo Interim Loan
American Realty Capital Trust Inc. (ARCT) closed on a $200 million senior secured interim term loan led by Wells Fargo Bank, National Association. ...
Manufactured Housing REITs Come Off the Sidelines
Manufactured housing REITs are aggressively seeking to expand their portfolios. ...
Westfield Sells Eight U.S. Centers for $1.15B
Starwood agreed to buy seven of the centers for $1 billion....
REIT Capital Recycling Programs Gain Traction
U.S. REITs are increasingly focused on capital recycling programs....
Hines Buys Its First Australian Asset in $91.6M Deal
The Brisbane office building was completed in 2009 and is 100 percent occupied....
Multifamily Sales Decrease in 1Q12, But Average Price Increases
Preliminary first quarter 2012 multifamily property sales data indicate that transaction velocity decelerated from the rapid pace observed during the fourth quarter of 2011. ...
Kennedy Wilson Sells Multifamily Properties in San Jose and Portland for $154 Million
International real estate investment and services firm Kennedy Wilson sold two of its West Coast multifamily properties for a total of $154 million. ...
Brookfield, Newmark Grubb Knight Frank Negotiate 1.15 MSF Morgan Stanley Lease
Morgan Stanley signs a monster deal on a chunk of space in downtown Manhattan....
M. Block & Sons Leases 915,600 SF Outside Chicago
M. Block & Sons, has completed an industrial lease for 915,643 sq. ft. of space outside Chicago....
April Green Sheet Roundup
Earth Hour 2012 breaks records. CBRE wins Innovations in LEED award. And Glenwood and Demand Energy partner will pioneer energy storage technology....
Seniors Housing Pros Expect More Access to Capital, Increasing Construction Starts
NREI and Seniors Housing Investment Advisors' first half seniors housing study finds investors still bullish on the sector....
The Toren: First in Multifamily Cogeneration
The Toren, a condominium tower that was completed in 2010, is on track for LEED Gold certification. But the building is also becoming one of New York City’s first multifamily properties to utilize a cogeneration plant for its heating and cooling....
Cardno, ATC Merge for Global Environmental Services Perspective
International Cardno Limited acquired the Lafayette, La.-based environmental services firm ATC Associates Inc. for $47.6 million last month. ...
BGC Completes Grubb & Ellis Acquisition, Forms Newmark Grubb Knight Frank
BGC formed the new firm after bankruptcy court approved its acquisition of Grubb & Ellis assets....
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