Business Specialties
Indianapolis Sees Construction Kick Off for 81 KSF Spec Office Space
Sourwine Real Estate Services is preparing for construction on Indianapolis’ first spec office project since 2008, an 80,699-square-foot, Class A property in the city’s Keystone area.
JLL Tapped for Role in Redeveloping Pittsburgh’s Civic Arena Site
The NHL’s Pittsburgh Penguins have selected Jones Lang LaSalle as the organization’s representative for the redevelopment of the former Civic Arena site in downtown Pittsburgh. The two entities will work to complete “a financially feasible master plan” for redevelopment of the 28-acre site.
Kennedy Wilson Nabs 544-Unit California Multi-Family Community for $87M
Kennedy Wilson has cast its eyes across the San Francisco Bay, acquiring the 544-unit Waterford multi-family complex in Hayward, Calif., for $86.5 million.
JCF Plans 500 KSF Luxury Apartment Complex Near Chicago’s O’Hare
With an eye on the rising demand for luxury apartment accommodations in Chicago, JCF Real Estate is working expeditiously to respond to the growing need. The commercial real estate firm recently submitted plans for a premier, 405-unit apartment building to the 41st Ward Zoning Advisory Board.
AEW Capital Management Awards 2.6 MSF Leasing Contract to Cushman
Cushman & Wakefield has inked a 2.6 million-square-foot management contract for 11 industrial properties owned by AEW Capital Management in the rapidly improving Southern California region.
Economy Watch: Spain Asks for Help, Gets $125B for Banks; Multi-Family Market Shows Improvement
On Sunday, Spain became the largest of the euro-zone countries to request a bailout, and European finance ministers agreed that banks of the beleaguered nation could receive up to $125 billion in funds to keep them afloat. Domestically, the multi-family market saw some gains, indexing the highest construction rating since 2005.
Distress Symposium Report: Opportunities Knock, but Change Must Come
The Distressed Debt & Assets Symposium, produced by Deloitte in partnership with New York University’s Schack Institute of Real Estate, saw panelists discuss how the lending landscape can improve, but only with “a commitment to change.”
Grandbridge Originates $121M Financing on D.C.-Area Multi-Family Building
Grandbridge Real Estate Capital originated a $121.1 million first-mortgage loan for the acquisition of The Buchanan, a 442-unit multi-family high-rise in Arlington, Va.
FEMA Funds New Orleans SPCA Facility with $8M
By Eliza Theiss, Associate Editor The Federal Emergency Management Agency (FEMA) has announced close to $8 million in consolidated funding to the Louisiana Society for the Prevention of Cruelty to Animals (SPCA) for a new animal control facility. The old Louisiana SPCA center was located at 1319 Japonica St. and sustained extensive damage during Katrina. […]
Archstone Starts Work on 227-Unit North Arlington Project
By Adrian Maties, Associate Editor Archstone, a recognized leader in apartment investment and operations, started work on June 5 on a brand-new 227-unit apartment community in North Arlington, one of the most affluent neighborhoods in the Washington, D.C., metropolitan area. The project is named Parkland Gardens. The development site is located at the intersection of […]