Anna Spiewak
Beacon Capital Picks Up Boston’s 177 Huntington Ave. for $59M
Beacon Capital Partners has bought 177 Huntington Ave. in Boston’s Back Bay submarket. The 1972 tower used to house The First Church of Christ, Scientist, and the Trustees of Church administration department.
Economy Watch: Personal Income, Spending, Car Buying Rise; Weekly Jobs Report Flat
Personal incomes have increased, and so has spending. People are also buying cars. The weekly jobs report remains unchanged.
Manhattan’s Peter Cooper Village/Stuyvesant Town Under New Management
CompassRock is coming to the rescue of Peter Cooper Village and Stuyvesant Town and taking over the apartment complexes, effective today.
HFF Sells 324-Unit Class A M-F Development in Austin
HFF closed the sale of a Class A multi-housing development in Austin’s Southwest submarket, on behalf of Nevins Adams Lewbel.
Bedok Mall Joins Ambitious M-U Development in Singapore
By Alex Girda, Associate Editor The Singapore mixed-use market is on track to see a large project take shape as the Bedok Mall, the area’s first major shopping mall, was announced for fourth quarter of 2013. Bedok is Singapore’s largest estate and the retail project is just a phase in a massive upcoming retail-residential-transport development, the first of its kind in the region. The Bedok Mall project will join the existing Bedok Residences and the forthcoming Bedok transport hub, consisting of the Bedok MRT station and the new bus interchange to complete the vision. The shopping mall will boast a…
Lionstone JV Buys Eight Tracts at Lantana with Capacity for 1.1 MSF of Office Space
By Gail Kalinoski, Contributing Editor More than 1.1 million square feet of office space could be built on eight undeveloped land tracts totaling 154 acres in an Austin, Texas, mixed-use development that Stratus Properties Inc. has sold to a subsidiary of The Lionstone Group, Lincoln Property Group and Greenfield Properties for $15.8 million in cash. Since it purchased the 738 acres in January 1994 for $4.1 million, the Austin-based residential and commercial development company has sold properties at the Lantana site for an aggregated sales price of about $100 million and with an aggregate sales cost of approximately $46.1 million. …
Economy Watch: Fed Still Mum on QE3; Regional Economic Growth Weak; Vehicle Miles Driven Up
By Dees Stribling, Contributing Editor The Fed’s annual symposium at Jackson Hole, Wyo., is later this week, and Fed chairman Ben Bernanke will speak at the event on Friday, which has set off the latest round of speculation about whether the central bank will try to stimulate the economy once again. After all, it was two years ago in the very same setting that Bernanke said that the Federal Open Market Committee “is prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly.” That is, he announced that the…
Pebblebrook Picks Up Starwood’s W Los Angeles – Westwood for $125M
Pebblebrook Hotel Trust bought the W Los Angeles, a premier all-suite property in a bustling area of Westwood that features a meeting space, a spa, a public fitness center and a garage.
DC-Focused, Union-Supported Fund Launches with $35M Initial Closing
A new real estate investment fund, which targets development projects in the Washington-Baltimore area, has raised its initial $35 million from institutional investors — union workers.
Economy Watch: Displaced Workers Worse Off; Home Values, Durable Goods Orders Up
Formerly unemployed workers find jobs later, but most at lower pay than previously. American home values have increased. Durable good orders have gone up, mostly due to cars and airplanes driving the increase.