Allison Landa
Mesa West Closes $47M First Mortgage
The firm supplied institutional real estate firm Savanna with capital for 5 Hanover Square, a 333,000-square-foot Class B office property in Manhattan that is being repositioned.
New ULI Chairman Shares Insights
When Peter Rummell takes the reins at the Urban Land Institute, he brings with him a background that well equips him to guide the organization through the murky waters of land development in this post-economic crisis climate over the next two years.
CPE Radio: Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling offers insights into the top economic news of the week ending Feb. 4 and what to watch out for in the coming week.
Economy Watch: January Jobs Report Unclear
The U.S. Department of Labor reported that a measly 36,000 jobs were created in January, and yet the overall unemployment rate dropped to 9 percent flat, its lowest level since April 2009, when the unemployment rate was on an escalator ride upward.
Ed Indvik on Making the Most of Today’s Markets
Edward Indvik, vice chairman at Lee & Associates, stopped by CPE in January to talk about finding opportunities in today’s market and what is in store for Lee & Associates.
Boston Properties Buys Bay Colony Corporate Center
The million-square-foot premier office park joins the firm’s stellar portfolio with the completion of the REIT’s $185 million acquisition of the suburban Boston asset. Talk about a steal of a deal; the asset traded in 2007 for $366 million.
Economy Watch: Investors Gung-Ho for Apartments
Real Capital Analytics reported in its year-in-review of the U.S. apartment market that a gold-rush mentality hit last year as investors eagerly sought and bought properties. All together, apartment property investment sales mushroomed 96 percent in 2010 compared with 2009. Buyers acquired some $33.7 billion worth of apartments last year, with about $12.6 billion of that total in the fourth quarter of 2010 alone–and with nearly half of the fourth-quarter total, $6.1 billion, occurring in December.
Hurricane-Resistant Seniors Housing Debuts
Part of Enterprise Community Partners Inc.’s initiative to invest $200 million with partners to rebuild communities along the Gulf Coast, Oak Haven has hurricane-resistant construction and the latest in weatherization technology, including concrete-filled insulated form wall systems built to withstand up to 130 mile-per-hour winds. It features a community center and an array of off-site services.
Cole Real Estate Snaps Up 13 CVS Drugstores
Purchased for $71 million, the properties are brand new and occupied under single-tenant, triple-net-leased agreements.
Check Out CPE’s Digital Edition
The February issue of CPE’s magazine is here, featuring interviews with Michael Colacino and Shekar Narasimhan, as well as special mortgage banking coverage and other news and information you need to keep current.