New York-based Time Equities Inc. (TEI) has paid $1.3 million to acquire 809 West Greenwood Street, a 39,078-sq.-ft. retail center in Abbeville, S.C. making the property the company’s fourth in the state....More
New York-based Garrison Investment Group has acquired Louisiana Boardwalk, a 562,520-sq.-ft. mixed-use development situated on the waterfront of Bossier City, La....More
NorthStar Realty Finance Corp. closed on the acquisition of a manufactured housing portfolio comprised of 71 communities containing approximately 17,000 pad rental sites located throughout five states for an aggregate purchase price of $865 million....More
New York City-based Torchlight Investors has acquired a $27.8 million, non-performing first mortgage loan secured by Meidinger Tower, a 26-story, 332,129-sq.-ft. class A office tower located at 462 South Fourth Street in Louisville, Ky....More
Hotel construction is on the upswing, with rising demand and low supply, but developers are worried about construction costs and labor scarcities....More
Optimism ruled last week’s Hunter Hotel Investment Conference in Atlanta, with many investors and hotel owners saying they are buying and building again in a rebounding market with attractive interest rates....More
The hotel industry is rebounding in 2013, and four hotel industry CEOs and two industry forecasters predicted slow but steady growth for the sector at the 25th annual Hunter Hotel Investment Conference in Atlanta....More
Hotel leaders should fight the perception that staying with them is frivolous and their jobs are low paying, and should turn all employees into the industry’s ambassadors with fair wages and working conditions, said Arne Sorenson, president and CEO of Marriott International, during his keynote speech at the 25th annual Hunter Hotel Conference in Atlanta....More
Real estate gurus frequently talk about “shadow inventory” in the residential markets. But there’s a similar phenomenon occurring in the commercial real estate markets....More
Two companies are making a significant investment in the country’s largest southern industrial market. CT Realty Investors and Xebec Realty Partners, both based in California, have acquired a 530-acre site in the South Dallas Intermodal Hub and plan up to 9 million sq. ft. of new buildings....More
Construction on SkyHouse Houston, an Energy Star-rated 24-story luxury apartment high-rise at 1625 Main Street in the Central Business District of Houston, is set to proceed in April....More
The building is 100 percent leased to Encana Oil & Gas Inc., a leading North American energy producer. It was completed for the company in 2012, and Encana has approximately 15 years remaining on its net lease, with multiple renewal options....More
Investcorp has expanded its real estate holdings with equity and debt investments in six high-quality office properties across key markets in the U.S....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?