Bixby Land Co. has broken ground on a 250,000-sq.-ft. office renovation project called THE Campus. Construction on the four-building project, located on Trimble Road in San Jose, Calif., should complete by the end of 2013.
Rancon Realty Fund V has disposed of Three Carnegie Plaza. The buyer, a 1031 Exchange Partnership made up of 1250 Fairfax LLC and 521 East 11th St. LLC, paid $8 million for the 85,846-sq.-ft. office property located in San Bernardino, Calif....More
The Berger Organization, through 765 Broad Street Holdings, has acquired the title for 765 Broad Street in Newark, a 200,000-sq.-ft., seven-story office building located in the city’s central business district....More
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?