Allison Landa
Green: ‘Exiting Stage Left is Not Easy’
Last week Marcus & Millichap president and CEO Harvey Green announced his retirement. Green joined the firm in 1981 and rose through the ranks to lead the company’s growth from 22 offices and 424 agents in 1996 to 76 offices and more than 1,200 agents today. CPE caught up with Green to discuss his feelings about his departure and his thoughts on his tenure with Marcus & Millichap.
Top LA Brokers Form LA Realty Partners
Hunt Barnett knew it was time to move on. That’s why the former principal at Los Angeles commercial real estate sales and leasing firm Madison Partners, along with five other major brokers, chose to rebrand as LA Realty Partners.
Economy Watch: Brown Taking Moody’s to Court
In a particularly Jerry Brown turn of phase, the California Attorney General said on Monday that Moody’s Investors Service is “blowing off” the state of California.
Mesa West Provides $44M in Financing for SoCal Office Building
Mesa West Capital said on Monday that it has provided CB Richard Ellis Strategic Partners U.S. Value 5, LP (CBRE Investors) with $44 million in first mortgage financing for the 500 North Brand Avenue building in Glendale, Calif.
Turner Tapped for $300M Replacement Hospital in San Jose, Calif.
Officials in Santa Clara County, Calif., have selected Turner Construction Company to manage construction of a $300 million replacement hospital for Santa Clara Valley Health and Hospital System in the city of San Jose.
Deloitte: REITs the New Infrastructure Investment Opportunity
According to a new report from Deloitte, REITs could offer a potential avenue for infrastructure investment.
Economy Watch: Unemployment Stuck at Bad
The U.S. Department of Labor reported on Friday that regional and state unemployment rates didn’t budge much in March.
Brandywine Leases 1M SF Over First Quarter
Commercial real estate owner, developer and manager Brandywine Realty Trust on Thursday said that it has inked more than 1 million square feet in new and renewed leases during the first quarter of this year, including more than 197,000 square feet of leasing activity commencing through March 31, 2010.
Economy Watch: Foreclosures Still on the Rise
Foreclosure data specialist RealtyTrac reported on Thursday that U.S. foreclosure filings, a category that includes default notices, scheduled auctions and bank repossessions, were up 7 percent in the first quarter of 2010 compared with the previous quarter, and 16 percent higher than during the first quarter of 2009.
Economy Watch: COP Says HAMP Remains FUBAR
According to the U.S. Treasury Department and HUD on Wednesday, 2,879 modified loans under the government’s mortgage modification program (HAMP) were “cancelled” in March.