Business Specialties
Fifth Third Bank Signs 62 KSF Lease in Downtown Detroit
Downtown Detroit’s office market gets a big shot in the arm with Fifth Third Bank Eastern Michigan’s commitment to relocating its headquarters from the ‘burbs’ to 62,000 square feet of space at the landmark One Woodward Ave. office building.
INTERNATIONAL: Savills, DTZ to Sell M-F Portfolio in Dublin
A private investor and Ireland’s National Asset Management Agency have appointed international real estate advisor Savills and DTZ Sherry FitzGerald to sell 588 apartments across seven residential developments in Dublin.
TIAA-CREF, Norges Buy Prime Office Set in DC
TIAA-CREF and Norges Bank Investment Management have acquired 800 17th St., N.W., in Washington, D.C., for a reported record $1,075 per square foot – $392 million – for the 364,000-square-foot trophy property.
Economy Watch Weekly: Housing, Inflation
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended October 24th, with a special look at the week’s mixed housing numbers and more stable inflation.
CFO, IBM Study Details Corporate Real Estate’s Rising Profile
With the recovering economy fueling broad-based growth, commercial real estate will play a larger role in corporate expenditures, according to a report presented by CFO Research and IBM yesterday at CoreNet Global’s North American Summit in Washington, D.C.
Cresa Brings Travers Realty into the Fold, Boosts Southern California Footprint
Travers Realty Corp. has merged with the Southern California offices of Boston-based Cresa to form a powerhouse tenant representation firm with nearly 150 local employees and more than 1,000 internationally.
ULI Special Report: CRE Continues Momentum into 2015, but Investors Look Beyond Traditional Core Markets
The U.S. commercial real estate market has been gaining strength, and that trend is expected to continue in 2015, according to responses to the latest “Emerging Trends in Real Estate Report.”
With $112M Sale, DCT Industrial Exits Columbus Market
In a transaction that marks its departure from the metropolitan Columbus market, DCT Industrial Trust of Denver has sold a 3.5 million-square-foot portfolio in the Ohio capital to Exeter Property Group for $112.1 million, the REIT announced Monday.
ULI Special Report: Crowdfunding Leaders Share Insights
Innovation was a recurring theme at the Urban Land Institute’s fall conference in Manhattan last week, and capital markets took the spotlight when a panel of executives explored the crowdfunding phenomenon.
Steadfast Apartment REIT Enters Georgia with 696-Unit Acquisition in Suburban Atlanta
Steadfast Apartment REIT added 696 residential units to its holdings and made its entrée into a fourth state with the acquisition of a two-property apartment community in the suburban Atlanta town of Suwanee, Ga.