Allison Landa
Half-Million-SF Lease Near Trenton
Kenco Logistic Services L.L.C. has laid claim to more than half of the industrial building at 100 W. Manor Way in Robbinsville, N.J., with the signing of a 504,300-square-foot lease. The four-year-old facility sits along the New Jersey Turnpike.
Cleveland Joins Clairvue Capital as Partner
Josh Cleveland comes to Clairvue Capital Partners from Liquid Realty Partners, where he was a director of business development.
Economy Watch: No QE3, CRE Prices Slide
The Federal Reserve acknowledged common knowledge after the conclusion of the Federal Open Market Committee meeting: Namely, that U.S. economic growth is slower than expected and labor market indicators “have been weaker than anticipated,” according to the FOMC statement.
Behind PNC’s Acquisition of RBC Bank USA
RBC has been a major player in the commercial real estate lending sector and the transaction will now add to PNC’s commercial real estate portfolio.
HFF Negotiates Sale of Houston Office Building
The firm oversaw the sale of 6671 Southwest Freeway, an eight-story, 148,751-square-foot office building in Houston.
Hoffman to Lead Marcus & Millichap’s Self-Storage Division
Michael Hoffman is also first vice president & regional manager of the firm’s Denver office. He began his career with Marcus & Millichap in 1992.
Economy Watch: Home Sales, HUD Loans
The National Association of Realtors reported that existing home sales dropped 3.8 percent in May compared with April, to the lowest level of 2011 thus far.
Chesapeake Buys Hotel Indigo San Diego
The firm snapped up the 210-room boutique hotel from InterContinental Hotels Group in a $55 million cash transaction.
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