Business Specialties
Economy Watch: Home Prices Mostly Stable
According to the latest survey of home prices by the National Association of Realtors, released on Tuesday, 91 out of 152 U.S. metropolitan statistical areas recorded higher median existing single-family home prices compared with the first quarter of 2009; three MSAs were unchanged; and 58 metros experienced price declines.
$159M in Financing Arranged for $417M Military Housing Project in Alaska
The Alaska Housing Finance Corp. (AHFC) has just agreed to provide $159.4 million in financing to help facilitate a military housing upgrade project at Fort Wainwright and Fort Greely in Alaska.
Economy Watch: Another Positive Employment Index
Everyone’s U.S. employment index is looking up these days.
Cousins Recaps Struggling $177M Terminus 200 Office Building in Atlanta via New JV
Cousins Properties Inc. has traded one joint venture partner for another in the recapitalization of Terminus 200, its brand new $177.3 million Class A office tower in Atlanta’s Buckhead submarket.
Voit Named Asset Manager on $150M Distressed Sacramento Portfolio
In these still-stinging-from-recession days, distressed assets continue to provide a major buzzword in commercial real estate. As part of this trend, Voit Real Estate Services has been named asset manager on a $150 million, 12-asset portfolio in the greater Sacramento area.
Economy Watch: General Growth Says No Thanks, Simon
Simon Property Group’s “best and final” offer apparently was just that, or at least just its final offer, since the prize–a portfolio of 200 or so malls under the General Growth Properties banner–didn’t go to Simon on Friday after GGP’s board said no thanks and the bankruptcy judge went along with that decision.
Economy Watch: The Wall Street Slide of 2010
It’s early May and the U.S. economy is budding like a spring field–real green shoots this time, it seems–and yet Wall Street decides its time to panic.
Is the Time Right to Invest in Retail? Some Say No
While demand seems to exceed supply for investment sales transactions, not everyone thinks this is the time to acquire retail real estate.
Perkins+Will Tapped as Master Planner for Walter Reed Campus
Global interdisciplinary design firm Perkins+Will has been selected as the master planner for the 62-acre Walter Reed Army Medical Center Campus.
With Receiver at the Helm, Construction Resumes on $180M D.C. Office Project
Less than a year after Rockville, Md.-based developer Opus East L.L.C’s bankruptcy filing put the brakes on construction of the 400,000-square-foot office building at 1015 Half Street in Washington, D.C., San Diego-headquartered court-appointed receiver Douglas Wilson Companies (DWC) has gotten the approximately $180 million project million project back on track.