National Real Estate Investor

Beverly Hills Ferrari Maserati To Build 20,000SF Dealership

Fri, 24 May 2013 13:57:00 +0000

Vivial Markham Trust has sold the 28,500-sq.-ft. parcel of land at 23305 Hawthorne Blvd. in Torrance, Calif. Beverly Hills Ferrari Maserati purchased the property for $2.3 million.

Construction Completes on $110M Civic Center and Park Project

Fri, 24 May 2013 13:57:00 +0000

Construction has completed on the Civic Center and Park Project in Newport Beach, Calif. The 117,000-sq.-ft. project, being developed by C.W. Driver, has been underway since the first half of May 2010.

CBRE Global Investors Fund Adds 748 Apartment Units to Portfolio

Fri, 24 May 2013 13:57:00 +0000

CBRE Strategic Partners U.S. Value 6 has added two apartment communities to its portfolio. The fund sponsored by CBRE Global Investors has purchased Dunwoody Place in the Buckhead/Sandy Springs, Ga. and The Connection at Buffalo Pointe in Houston. The sales terms of the deals were not released.

State Approves UK, EdR Plan for $101M Student Housing Phase

Fri, 24 May 2013 04:17:00 +0000

The partnership of the company and the school has already produced almost 3,000 new beds.

GM To Build $44M Parts Assembly Site

Fri, 24 May 2013 04:13:00 +0000

The automaker will construct a 400,000-sq.-ft. facility that will support a Cadillac plant.

Gladstone Buys Software Office for $14M

Fri, 24 May 2013 04:10:00 +0000

The Needham, Mass.-based firm PTC Inc. leases the 92,275-sq.ft. building.

Cresa Celebrates 20th Anniversary

Fri, 24 May 2013 01:32:00 +0000

Cresa, a leading tenant representation firm in North America, is celebrating its 20th anniversary.

June 4 NAIOP NJ Seminar to Focus on Post-Sandy Regulations for Rebuilding and More

Fri, 24 May 2013 01:28:00 +0000

On June 4, NAIOP New Jersey will hold its regulatory update seminar, which will focus on emergency regulations launched since Hurricane Sandy and how those regulations affect the rebuilding of commercial buildings.

Joint Venture Partnership Breaks Ground on The Gateway in South Orange

Fri, 24 May 2013 01:25:00 +0000

EEA Industries LLC and SWH Residential Partners LLC broke ground yesterday on The Gateway, a community of luxury apartments and retail space located at 9 West South Orange Ave. in South Orange’s Village Center.

Summit Business Media Signs 17,000-SF Lease at 469 Seventh Ave.

Fri, 24 May 2013 01:23:00 +0000

Summit Business Media has signed an eight-year, 17,000-sq.-ft. relocation and expansion lease at 469 Seventh Ave.

Multifamily Development Company Picks Up Two Chelsea Properties for $15.9M

Fri, 24 May 2013 01:21:00 +0000

A privately held multifamily development company, 205 Eighth Ave. LLC, has paid $15.9 million to acquire two mixed-use properties in Manhattan’s Chelsea neighborhood from Francmen 205 LLC.

Bloomberg Signs Lease for New 131,805-SF Data Center in Orangetown, NY

Fri, 24 May 2013 01:18:00 +0000

Bloomberg LP has signed a lease for a new, 131,805-sq.-ft. build-to-suit data center in Orangetown, N.Y. being developed by a joint venture of Russo Development and Sentinel Data Centers, which will retain ownership of the property.

Kimco Realty, American Industries Reach Deal to Sell $600M in Mexican Industrial Properties

Thu, 23 May 2013 18:33:00 +0000

Kimco Realty Corp. and joint venture partner American Industries have agreed to sell its beneficial interests in certain trusts that hold a portfolio of Mexican industrial properties to Terrafina for approximately $600 million.

ESCOT Sustainability Symposium Set for June 4 in NYC

Thu, 23 May 2013 18:20:00 +0000

The ESCOT (Enabled Sustainable Community of Tomorrow) Sustainability Symposium will be held in New York City on Tuesday, June 4.

Dealmakers Leave RECon 2013 Satisfied

Thu, 23 May 2013 16:31:00 +0000

Most of the 33,000-plus attendees of ICSC’s RECon 2013 have gone home tired, but satisfied.

Mobile App

Thu, 23 May 2013 16:25:34 +0000

View information on to download NREIonline.com's mobile app.

Is There a Role for Public Policy to Drive Market Transformation?

Thu, 23 May 2013 14:29:00 +0000

The move to green buildings must be driven by the private sector and the appropriate role of the federal government is to provide tools and voluntary incentive-driven programs, not mandates, says BOMA International Vice President, Advocacy, Codes and Standards, Karen Penafiel.

Western National Property Management To Manage The Paseos at Magnolia

Thu, 23 May 2013 13:39:00 +0000

Western National Property Management has been tapped to handle the leasing and management of The Paseos at Magnolia. The 168-unit luxury apartment community being developed by the Hutton Cos. is located in Riverside, Calif.

HFF Arranges $25.2M in Financing for Ontario Gateway Center

Thu, 23 May 2013 13:39:00 +0000

Holliday Fenoglio Fowler has secured $25.2 million in financing for the Ontario Gateway Center. The 10-building, 220,930-sq.-ft. retail center is located in Ontario, Calif.

Grosvenor Americas Sells La Colonnade

Thu, 23 May 2013 13:39:00 +0000

La Colonnade has been sold by Grosvenor Americas to an undisclosed private investment group. Terms of the sale were not released.

American Realty Acquires Centegra-Anchored MOB

Thu, 23 May 2013 03:10:00 +0000

The Crystal Lake Medical Arts Building is 93 percent occupied.

Kraus-Anderson Breaks Ground on Deephaven Woods

Thu, 23 May 2013 03:06:00 +0000

The 78-unit seniors housing is being developed by St. Therese Catholic Church.

Wiss, Janney Expand Lease at 10 S. LaSalle

Thu, 23 May 2013 03:01:00 +0000

The engineering firm is now in 18,292 sq. ft., with a significant concession package, according to Studley.

Goldstein Group’s Chuck Lanyard Napped President for RBN

Thu, 23 May 2013 01:01:00 +0000

The Retail Brokerage Network (RBN), a retail real estate brokerage networking group, has elected Chuck Lanyard, president of The Goldstein Group, as its national president.

Deerwood Real Estate Capital Goes South with Two Loans for Two Retail Centers

Thu, 23 May 2013 00:59:00 +0000

Deerwood Real Estate Capital has closed two loans for retail centers in Alabama and Florida totaling more than $26 million.

Eastern Union Arranges Financing For Properties Throughout New Jersey

Thu, 23 May 2013 00:56:00 +0000

Eastern Union Funding has arranged approximately $35 million in financing for several properties and property types throughout New Jersey.

Massey Knakal Coordinates Disposition of Several NYC Properties

Thu, 23 May 2013 00:53:00 +0000

Massey Knakal has coordinated the sale of several properties throughout New York City totaling more than $60 million.

Fleet Pump & Service Group to Occupy Former Verizon Building in Yonkers

Thu, 23 May 2013 00:50:00 +0000

Fleet Pump & Service Group Inc., a division of G.A. Fleet Associates Inc., has leased 30,000 sq. ft. of industrial space at 455 Knollwood Road in Yonkers, N.Y.

Alfa Development, Park-It Management Acquire Chelsea Development Site for $12M

Thu, 23 May 2013 00:48:00 +0000

Alfa Development and Park-It Management have acquired a development site at 117-119 West 21st Street in Chelsea for $12 million.

Employee Engagement and Sustainability Thrive at Intel; 2012 Corporate Responsibility Report Released

Wed, 22 May 2013 21:57:00 +0000

Intel's sustainability measures include tying its employee compensation to sustainability goals. The new $41 million LEED Silver Triangle Plaza in New York's South Bronx will be completed by early 2014. BASF employee volunteers joined Morris Habitat for Humanity to build homes in Madison, N.J. Nissan and Car Charging Group Inc. announced a joint initiative to make EV charging more readily available. And 11 entities in Iowa, Kansas, Missouri and Nebraska will receive over $4.5 M from the EPA to revitalize brownfield properties.