Barbra Murray
Goodman, Birtcher Form $1.5B Partnership Targeting Industrial Properties
With an eye on developing and acquiring premier industrial and logistics properties in North America, Australia’s Goodman Group has joined forces with California’s Birtcher Development and Investments.
Carlton Group Tapped to Sell Bulgarian Solar Property Portfolio
The Carlton Group has landed a contract for the sale of six green energy properties under construction in Bulgaria. The client, an experienced turnkey developer of photovoltaic solar assets, took the contract to Carlton with an asking price of €150 million, or approximately $190 million.
Avison Young Picks Pittsburgh For U.S. Office No. 15
Canada’s largest independent commercial real estate services company has now opened seven U.S. offices in just the last three months and 15 altogether.
Stiles Realty Taps Industry Veteran Paul Marko as President
The CBRE alumnus’ new mission: enhancing the firm’s presence across Florida while strengthening its foothold in core South Florida markets.
Savanna Sells $158M Senior Note Secured by D.C. Office Properties
Savanna wrapped up the sale to Apollo Global Real Estate of a majority interest in a $157.7 million note collateralized by a 1.4 million-square-foot office portfolio in Rosslyn, Va.
St. John Properties Acquires 1 MSF Pennsylvania Shopping Mall
St. John acquired a 1 million-square-foot distressed regional retail center in Harrisburg, Pa., from TD Bank, with plans to redevelop the mall.
Cushman Arranges 1.1 MSF Industrial Lease Re-Up in California
Conopco Inc., a subsidiary of Unilever, has decided to stay put in its 1.1 million-square-foot home at 305 W. Resource Dr. in Rialto, Calif., and has renewed its contract with property owner Prologis.
Wharton Equity Partners Acquires 500-Unit Florida Multi-Family Portfolio for $50M
Wharton Equity Partners, in partnership with a consortium of real estate funds affiliated with Och-Ziff Capital Management Group, has just increased its holdings by an additional 900 units with the purchase of a stake in four properties in Central Florida.
Caliber Funding Selects NGKF as Portfolio Adviser for 100 Locations in 28 States
Newmark Grubb Knight Frank Global Corporate Services has secured a major outsourcing deal, the firm’s second in just over one month, as Caliber Funding chose the firm to manage the real estate mortgage lender and agency direct seller/servicer’s real estate transactions across the country.
PREA: 2012 CRE Returns Will Rise to Nearly 10 Percent
Commercial real estate firms expect the future of the U.S. commercial real estate market to continue to shine, as indicated by the results of the Pension Real Estate Association’s latest Consensus Forecast Survey: Survey participants in May anticipate full-year 2012 returns of 9.6 percent.