Allison Landa
Turner Commences Work on $291M Medical Facility in Buffalo
Signs that the healthcare real estate sector is still alive and relatively well continue to materialize. Acting on behalf of Kaleida Health, New York City-based Turner Construction Co. has begun construction activity for a $291 million medical care and research facility at the Buffalo Niagara Medical Campus in Buffalo, N.Y.
Brookfield Snaps Up 2.9M-SF JPMorgan Chase Office Portfolio in $200M Deal
Talk about the deal of all deals. Toronto, Ont.-headquartered Brookfield Real Estate Opportunity Fund has just closed the purchase of a 2.9 million-square-foot U.S. office portfolio from New York City-based JPMorgan Chase in a quasi sale-leaseback transaction for –according to the Wall Street Journal — $200 million.
Economy Watch: U.S. Retail Sales See Uptick
According to the U.S. Department of Commerce, January retail sales rose 0.5 percent compared with December and 4.7 percent compared with January 2009.
Jones Lang LaSalle Named Leasing Agent for $43M Liberty Wharf Project
Jones Lang LaSalle has been named the exclusive leasing agent for Liberty Wharf, a $43 million, 74,000 square foot mixed-use development on the South Boston Waterfront.
Richfield Hospitality Plans Aggressive Expansion
Hotel management company Richfield Hospitality on Friday announced a major new growth strategy designed to aggressively expand its core third-party management business.
Marcus & Millichap Lists Southern California Mobile Home Park for $44.5M
A tumultuous relationship between the city of Poway, Calif., and the mobile home park it owns may come to an end should the park sell – particularly if it sells to its residents.
Economy Watch: Existing Home Sales, Prices Up in Some Places
Existing home sales and prices both bumped upward in some, but hardly all, U.S. metro markets in 4Q09, according to the National Association of Realtors in a report on Thursday.
One Hudson Square to Welcome New 115,000-SF Tenant
With anemic occupancy levels still plaguing Manhattan, Horizon Media Inc.’s lease of 115,000 square feet of office space in the million-square-foot building at One Hudson Square in Midtown South is no small affair.
JLL: Positive Signs Don’t Yet Equal Solid Recovery
The fourth quarter 2009 may have brought some positive indications for real estate recovery, but global real estate services firm Jones Lang LaSalle has one warning for wearers of rose-colored glasses: Not so fast.
Economy Watch: Ceridian Unveils New Economic Index Based on Trucking Fuel Data
There’s a new kid in town in terms of economic measurements: the Ceridian-UCLA Pulse of Commerce Index. It was released to the public for the first time on Wednesday by the University of California-Los Angeles Anderson School of Management.