Allison Landa
Behringer Harvard Gets $150M Credit Line
Behringer Harvard said on Wednesday that it has closed a $150 million Freddie Mac credit facility for Behringer Harvard Multifamily REIT I, Inc.
Freddie Launches Its Awaited Mezzanine Financing Program
Freddie Mac’s new mezzanine financing arrangement allowing mezzanine debt on qualifying senior multifamily mortgages (first mortgages) it purchases, has now officially been launched.
Weight Watchers Brings Cassidy Turley to the Leasing Table
Real estate service provider Cassidy Turley has been named the exclusive U.S. real estate representative for New York-based Weight Watchers. Under the agreement, which was announced Wednesday, Cassidy Turley will also provide project management services to the firm.
Glimcher Completes $320M JV with Blackstone
With the closing of a joint venture transaction valued at $320 million, Columbus, Ohio-headquartered Glimcher Realty Trust now shares ownership of two of its shopping malls with New York-based The Blackstone Group.
Healthcare Trust, Plaza Companies Join Forces on Phoenix MOB Portfolio
By Allison Landa, News Editor
Healthcare Trust of America and Plaza Companies are working together on more than 641,000 square feet of medical office buildings in the Phoenix metro area – a continuation of Healthcare Trust’s aggressive expansion efforts in Arizona.
Stan Johnson Adds Chicago Office
By Allison Landa, News Editor
In a continuing expansion initiative nationwide, real estate brokerage and advisory firm Stan Johnson Co. has opened a new regional office in Chicago.
Economy Watch: Case-Shiller Index Bumps Up Again
The latest S&P/Case-Shiller home price index, which tracks residential valuation in 20 major U.S. metro areas, saw a 0.3 percent uptick in January 2010, compared with the previous month. It was the eighth time in a row that the index inched upward, with 12 of the 20 areas registering gains for the month.
JLL Adds Cissel, Melnick to Its Multifamily Investment Sales Business
Jones Lang LaSalle continues to aggressively expand its leadership. Al Cissel and Scott Melnick have joined the firm’s Mid-Atlantic multifamily investment sales practice as managing directors. The two industry veterans will work out of the Maryland office.
Land Transfer Pushes Mixed-Use Residential Project in Silicon Valley Forward
Job losses and the recession have depressed the national apartment market, but there are those small pockets that have continued to experience demand, like the town of Sunnyvale in California’s Silicon Valley, where a big step has recently been taken in the development of the 336-unit Luminaire mixed-use residential project.
Sperry Van Ness Implements New Mobile Marketing Technology
Commercial brokerage firm Sperry Van Ness has begun using a mobile marketing platform known as Qonnect.mobi for its commercial property listings.