Allison Landa
Duke Wins Bid for Industrial Portfolio
In an all-cash transaction, the REIT acquired two properties totaling 582,840 square feet in the teeming Port of Houston.
Macy’s Expands Footprint at 1440 Broadway
The retailer has signed a lease expansion for 56,242 square feet, bringing its total space in the building to 161,000 square feet.
Economy Watch: Office Market Sees Absorption
Reis Inc. reported that the U.S. office market actually saw an increase in occupied space during the fourth quarter of 2010, with tenants taking a net of 2.5 million square feet nationwide. That isn’t a vast amount of space, but it is the first time that there’s been positive office absorption since the third quarter of 2007, according to the report.
AFIRE Survey: U.S. Offers Foreign Investors Bang for Their Buck
Foreign real estate investors would do well to look toward U.S. shores, according to the Association of Foreign Investors in Real Estate’s 19th annual survey. AFIRE, which surveys respondents holding more than $627 billion in global real estate, including $265 billion in the United States, found that investment opportunities are stronger than they have been for the last decade.
Digital Edition: Compensation Report, Top Real Estate Firms
The digital version of Commercial Property Executive is now available, featuring the annual CPE-FPL Advisory Group Hiring & Compensation Report, insights from developer Michael Alter and the all-new CPE-MHN ranking of the Top U.S. Real Estate Companies.
Massachusetts Shopping Center Changes Hands for $56M
A joint venture between Charter Realty & Development Corp. and Acadia Strategic Opportunity Fund III L.L.C. has purchased the White City Shopping Center and adjacent White City East Shopping Center in Shrewsbury, Mass.
Saia Promoted to Associate VP, Investments
Tammy Saia was most recently a senior associate & director of Marcus & Millichap’s national retail group and net leased property group in the Oak Brook, Ill., office.
Partnership Change Reignites Hotel Project
Plans to transform a 375,000-square-foot portion of the nearly 1.5 million-square-foot former IBM Building in downtown Chicago into a five-star hotel are on again now that Langham Hotels & Resorts has joined forces with Oxford Capital Group L.L.C.
Economy Watch: U.S. Construction Expands in November
In the construction industry these days, no bad news is something like good news, and the U.S. Department of Commerce reported that things didn’t get worse for construction in November. In fact, U.S. construction spending was up 0.4 percent in November compared with October, totaling $810.2 billion during the month. The November figure was down 6 percent compared with the same month in 2009, however.
Investec Proves That California Coastal Retail is Golden
The company — which also invests in office, industrial, self-storage and multifamily assets–has spent nearly three decades lining its portfolio with California neighborhood shopping centers within close proximity of the Pacific Coast, and the company’s remarkable success over the last two years indicates that certain retail properties within close proximity of the water in the Golden State are apparently recession-proof.