Business Specialties
Healthcare Trust of America Spends $54M on 558 KSF Pittsburgh Office Building
The 558,000-square-foot Penn Avenue Place office tower in Pittsburgh, Pa., has just become a part of Healthcare Trust of America Inc.’s portfolio. The company acquired the asset from an affiliate of Oxford Development Co. in a $54 million transaction.
Rockrose Development Spends $120M on Downtown D.C. Office Building
Continuing the trend of Washington, D.C., office transactions, Rockrose Development Corp. has picked up the building at 1776 Eye Street, N.W., a class A office structure totaling 224,666 square feet, for $119.7 million.
Savanna, Panzer Partner to Close $196M Multi-Family Transaction on Long Island
With the finalization of a $196 million transaction, Savanna has become a partner with Pantzer Properties in the ownership of Atlantic Point, a 795-residence multi-family community in Bellport, N.Y., on Long Island.
Kennedy Wilson, Fairfax JV on $365M European Investment Platform
Kennedy Wilson and Fairfax Financial Holdings Ltd. continue to eye commercial real estate opportunities in Europe together, this time forming a $365 million partnership to seek assets, including loans and real property.
DivcoWest Makes $71M Office Buy in Cambridge
DivcoWest has spent $79 million on The Davenport, a 220,000-square-foot Class A office property in Cambridge, Mass. The firm picked up the property from a client of AEW Capital Management.
Smart Spending Strategies
Like most other aspects of property management, investing wisely into assets calls for a balancing act. The recession produced creative cost-saving strategies, yet many owners learned the hard way that depriving an asset of the capital needed to keep it competitive is self-defeating. By Paul Rosta.
Laying the Foundation: In Fast-Paced BRIC Countries, Patience and Nimbleness Translate to Success
For some years now, Brazil, Russia, India and China have offered happy hunting grounds to U.S.-based real estate companies. Despite their ups and downs, the four countries that have come to be collectively known as the “BRIC nations” have shown steadily improving transparency and sophistication in their investment, development and service markets. By Paul Rosta.
Retail Property Investing: What’s It Gonna Take to Do It Right
To get through this period of economic uncertainty, it’s gonna take money—patient capital; capital invested for the long haul—to do it right in the cut-throat competition of U.S. retailing and the stores sector of the property market. By Hugh F. Kelly, PhD, CRE.
Going Dark: Is Net Lease Immune to Turmoil in Big-Box Retail?
Is retail a victim of the Internet and heading the way of the horse and buggy? While big-box stores have been hit hard by both technological and economic trends, net-lease players still report that closings for single-tenant properties have been muted. By Keat Foong.
New Life for EIFS Retrofits
While many new-wave technologies are emerging that have potential to help commercial property executives reduce building energy consumption in coming years, some older mechanisms are seeing a revival. One such alternative is exterior insulation and finish systems, or EIFS. By Brad Berton.