Business Specialties
JBG, Grosvenor Team on D.C. Condo Project
JBG Companies and Grosvenor plan a 125-unit condominium project in the nation’s capital.
Tishman Speyer Buys Back 19-Acre L.A. Parcel
The developer has quietly taken the property out of receivership.
Ockerbloom to Lead Jefferies’ Real Estate Investment Banking Unit
Securities and investment banking firm Jefferies & Co. has added real estate finance veteran John Ockerbloom to its leadership team.
San Francisco’s $4.2B Transbay Project Gets Head Start on High-Speed Rail
The project is the first new station on the proposed national high-speed rail network.
Take Two: New $1.5B L.A. Hotel Plan Wins Over Critics
For a plan to redevelop the site of the historic Century Plaza Hotel in Los Angeles, the second time is the charm.
Multi-Family REITs Ride High: SNL Study
Multi-family-focused REITs have the edge over the rest of the REIT industry, reports SNL Real Estate.
CMBS Loans in Special Servicing to Hit 15% in 2010: Fitch Report
The value of problem CMBS loans in special servicing will hit $110 billion by the end of the year, Fitch Ratings estimates.
Cantor Fitzgerald, CIM Unveil New Mortgage Banking Venture
Cantor Fitzgerald and CIM Group disclosed today that they are joining forces in Cantor Commercial Real Estate (CCRE). The new enterprise is aiming for $5 billion in annualized loan production for starters.
1.4M-SF Ohio Commerce Center Snapped Up for Pocket Change
Spirongo Lordstown L.L.C., an entity controlled by brothers George and Spiros Bakeris of Howland, Ohio, has acquired the 1.4 million-square-foot Ohio Commerce Center in Warren, Ohio, from Roseville, Minn.-based Meritex.
Suburban D.C. Property Refinanced for $43.5M
Rosslyn Metro Center in Arlington, Va., has been refinanced to the tune of $43.5 million, according to the Washington, D.C. office of Holliday Fenoglio Fowler (HFF) L.P., which oversaw the deal.