Archive for February 2012
Distressed Debt & Asset Update: Is CMBS Here to Stay?
CMBS debt represented more than one-third of total outstanding commercial real estate debt at the height of the market in the mid-2000s, and is once again being looked upon as a potential solution to help solve existing distressed-asset issues and manage significant looming debt maturities.
Read MoreDevelopers and City Leader Focus on ‘Aerotropolis’
By Gabriel Circiog, Associate Editor
Developers and city leaders are drawing up plans for an “aerotropolis” around Denver International Airport, as reported by the Denver Post. City leaders have kept a watchful eye on the vast amount of land surrounding DIA and have been analyzing development prospects for a long time. Now, plans are materializing and Mayor Michael […]
150 N. Michigan Up for Sale; Legacy at Millennium Park Wins ‘Best in Living’ Award
By Gabriel Circiog, Associate Editor
The 150 N. Michigan office tower could soon get a new owner on top of the new name it is set to receive in March, Chicagorealestatedaily.com reports. Germany-based SEB Asset Management A.G. bought the 41-story office building in 1999 for around $113.2 million. Recently, the fund manager hired Chicago-based Jones Lang […]
Marcus & Millichap Hired to Market $1B Mixed-Use Apopka Development
By Georgiana Mihaila, Associate Editor
Last week, Marcus & Millichap Real Estate Investment Services was hired to sell the $1 billion Kelly Parks Crossings, which would be the largest development ever to rise in Apopka.
Paul Bouldin, a senior associate in the Tampa […]
CommUnityCare and North Forest to Develop 85,000 square feet of Medical Space in Pflugerville
By Camelia Bulea, Associate Editor
North Forest Office Space, a New York-based developer, is currently expanding throughout the country and planning to launch the first phase of its first Austin-area project.
According to the Austin Business Journal, the company has begun developing […]
Transwestern Takes 230 KSF Management Contract from Seagis
The South Florida office of Transwestern has added 230,000 square feet of Miami-area industrial space to its responsibilities, courtesy of a new leasing assignment from Seagis Property Group L.P.
Read MoreAREA Property Partners Takes 1,180-Unit Virginia Apartment Complex
AREA Property Partners, after targeting the Alexandria, Va., area late last year for apartment buys, is back in the area. The firm has purchased the city’s EOS 21, a 1,180-unit community, for an undisclosed price.
Read MoreCampus Living Villages Completes University of Delaware Student-Housing Refi
Campus Living Villages, a specialist in student housing, has completed the refinancing of Studio Green, a 704-unit, off-campus residential property near the University of Delaware, through C-III Capital Partners.
Read MoreNY Fed Spends $208M on Downtown Office Building
The Federal Reserve Bank of New York is picking up a building in which it is the primary leaseholder, purchasing the property at 33 Maiden Lane in Downtown Manhattan for $207.5 million from Merit US Real Estate Fund III L.P.
Read MoreEconomy Watch: Home Values Continue to Fall
The latest home-value tracking index showed that prices dropped 1.1 percent in December in 20 U.S. cities, but consumer confidence saw a huge spike in the first month of the year. The FDIC reported that banks, in general, had a very good fourth quarter.
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