Allison Landa
New REIT Grabs San Francisco’s Sir Francis Drake Hotel in $90M Deal
Located downtown in the center of San Francisco’s bustling Union Square, the 23-story Sir Francis Drake was originally developed in 1928. The upper upscale hotel features 18,000 square feet of meeting space and is home to a famed bistro, a Starbucks store, a bar and a nightclub.
Edens & Avant Breaks Ground on 31-Acre Mixed-Use Development in Virginia
The first phase of Mosaic is slated to open in fall 2012. It is more than two-thirds leased and includes a mix of 400,000 square feet of national and local retailers, an eight-screen arthouse cinema, 150-room boutique hotel, 60,000 square feet of Class A office space, and 114 townhomes.
AMB Leasing Up China Portfolio
Industrial real estate owner, operator and developer AMB Property Corp. continues to stabilize its holdings in China. During the second quarter, AMB has leased 700,000 square feet and has leased 1.22 million square feet since the beginning of the year.
Crossbeam Re-Ups Massachusetts Space
Per the lease, tech company Crossbeam Systems, Inc. will keep its corporate headquarters at the property. Crossbeam provides security platforms for high-performance networks; it occupies the first and second floors of the building.
Voit Continues Expansion With Opening of Phoenix Office
The opening is actually a re-opening: the Newport Beach, Calif.-based company has previously had a Phoenix office, but closed it in 2008 during the recession. So could this herald the return of good times to the market? Perhaps.
Economy Watch: Existing Home Sales Slack Off in May
It couldn’t be called a surprise, but it was unwelcome news all the same when the National Association of Realtors reported on Tuesday that the sale of existing homes dropped 2.2 percent in May to an annualized rate of 5.66 million.
JLL Nails Down 64,821 SF Lease in NYC for Piper Jaffray
Piper Jaffray will occupy the entire twelfth floor of the building as well as a portion of the eleventh floor, consolidating its operations from two separate Manhattan sites.
As Retail Market Thrives, Landmark Toronto Shopping Center Preps for $120M Makeover
Spanning two city blocks downtown, the 33-year-old Eaton Centre is, and has long been, one of the top premier urban shopping centers in Canada.
Zaid Joins Sierra as SVP
Zaid previously served as an owner’s representative at A.S. Realty Partners, where he negotiated $37 million in sales and managed $14 million in construction projects.
Economy Watch: Wal-Mart Wants Chicago, But Does Chicago Want Wal-Mart?
What to do if you’re Wal-Mart Stores Inc. and you want to reverse the fact that for a year now, same-store sales at U.S. Walmart locations have dropped, even though overseas locations are propping up the worldwide corporate average? Boldly go where few Walmarts have gone before.