Allison Landa
JLL Boosts Capital Markets Team
Rudy Hubbard joins the firm as a managing director, while Leah Gallagher will serve as a vice president.
Bay Area Multi-Family Complex Changes Hands
The 893,856-square-foot complex sits 20 miles from San Francisco and 15 miles from Oakland.
Economy Watch: Starts Up, Foreclosures Down
The homebuilding industry might be gloomy, but housing starts increased in May by 3.5 percent compared with April, according to the U.S. Department of Commerce, to an annualized rate of 560,000 units.
M&M Mars Signs 500,000-SF Lease
The firm’s new home is located in a million-square-foot building at 13133 Innovation Way, which sits within the 2,500-acre SCLC commercial and industrial complex at Global Access Victorville in Southern California.
Kennedy Wilson Buys $143.5M Portfolio
The Los Angeles purchase adds 700,000 square feet to the company’s holdings, bringing the total assets under management to $9.8 billion.
George Smith Partners Adds Two Executives
The commercial real estate investment banking firm has tapped Bryan Shaffer as a senior vice president and Malcolm Davies as a vice president.
Economy Watch: Edgy Investors, Consumers
Last year the worry du jour was deflation. Earlier this year, that worry turned to the specter of inflation. Now the term “stagflation,” an ungainly creation of the 1970s, is being dusted off.
Faris Lee, Others Expand Capital Markets Reach
Faris Lee Investments is one of several firms broadening its horizons in the capital markets field.
Manhattan Office Refinancings Continue with $750M Investment
Investors are attracted to the increasingly hot Manhattan office market and Invesco Real Estate is no exception. The company just acquired a stake in 230 Park Ave., the 1.4 million-square-foot tower formerly known as the Helmsley Building, in a $750 million recapitalization deal.