Business Specialties
Equity Returns Fire in Archstone Battle
The newest development in the Equity Residential saga has been filed in court, as the company put forth a motion to intervene in the ongoing legal proceedings regarding the sale of an interest in Archstone.
Skanska Nabs $60M Renovation Contract in Pennsylvania
Skanska USA has reached an agreement on the Spring House research complex in Montgomery County, Pa., securing a $60 million contract from Janssen Research & Development L.L.C. to provide construction-management services.
Oak Grove Originates Fannie-Sponsored Financing Deal for Florida Apartment Portfolio
Oak Grove Capital has orchestrated financing for a three-property affordable housing portfolio in Southern Florida — owned by Banyan Realty — for $46.2 million through Fannie Mae’s Structured ARM product.
The End of Big Box? Sears/Kmart Sites Face Mixed Futures
On the heels of Sears’ announcement that it will shutter between 100 and 120 stores, CRE industry experts wonder if locations larger than 100,000 square feet could be on the chopping block.
Newmark Knight Frank to Lease, Manage 2 MSF NYC Office Portfolio
Newmark Knight Frank just added 2 million square feet of responsibilities to its plate. The real estate services firm has won a leasing and management assignment for a 19-property Manhattan office portfolio owned by The Rosen Group Inc.
Ventas Purchases Cogdell, CEO Sees "Increased Demand" for Medical-Office Buildings
In a deal that was pegged at $4.25 per share in a cash transaction, Ventas Inc. has acquired Cogdell Spencer Inc. and its 72 medical-office buildings around the country for what will aggregate to approximately $760 million to $770 million.
Trepp: Banking Industry To Be Slow Going in 2012
The banking industry should not hold its breath for a rollicking good time in 2012, as indicated by Trepp’s 2012 U.S. Banking Sector Outlook.
PwC: Investor Interest in Offices, Apartments to Gain Steam Next Year
Investor interest in the office market will gain some steam in 2012, as per results of the PricewaterhouseCoopers’ Real Estate Investor Survey, and the apartment sector will continue to attract a great deal of attention — as well as development dollars.
Chicago's 896 KSF 321 N. Clark Office Tower Certified LEED Gold
Hines has just achieved LEED Gold for Existing Buildings certification for its 896,500-square-foot office building at 321 North Clark at Riverfront Plaza in Chicago.
Duke Realty Buys 1.4 MSF of Industrial, 98 Acres of Land in Dallas
Courting two different sellers is no easy task, but Duke Realty Corp. has announced this week that it has done just that, adding two industrial properties in the Dallas area to its portfolio that total 1.4 million square feet.