Business Specialties
Decron Properties Spends $56M on Santa Clara Multi-Family
Decron Properties has acquired The Madison at Town Center, a Class A, 264-apartment community in Santa Clarita, Calif., for $56.5 million, continuing the firm’s recent focus on the multi-family market.
John Manning on 2011's Rent Increases
John Manning, Jones Lang LaSalle’s managing director of real estate investment banking, examines last year’s rental increases and what that means for pricing opportunities and the lending market in 2012 — from the MBA CREF conference in Atlanta.
Most Powerful Mortgage Banks
Our survey of mortgage banking firms suggests that 2012 will be a good year for financing in spite of the challenges presented by an uncertain lending environment.
Cassidy Turley: CRE Recovery to Accelerate in 2012
What has been a slow but steady rebound of the commercial real estate industry is on track to pick up pace in 2012, according to a new forecast by commercial real estate services firm Cassidy Turley.
Grubb Files for Bankruptcy, Sells All Assets to BGC Partners
BGC Partners Inc., an intermediary firm to global financial markets, has just purchased “substantially all assets” of troubled commercial real estate services firm Grubb & Ellis Inc.
Campus Advantage, Pension Fund Complete $100M Student Housing JV
Student housing owner/manager Campus Advantage of Austin, Texas, has closed a $100 million joint venture with one of the nation’s largest pension funds following its recent acquisition of two properties, the company announced late last week.
Hudson, RXR Launch Joint Lending Platform for New York Region
Real estate fund manager Hudson Realty Capital L.L.C. and RXR Realty, a private real estate company, have joined forces to create a commercial real estate lending platform focused on the New York Tri-State market.
LaSalle Investment Management Takes Two Medical Office Buildings for $148M
Kilroy Realty Corp. has unloaded $147.5 million of property — in the form of two medical-office buildings — to LaSalle Investment Management. The two Class A buildings, which total 253,676 square feet, are located in San Diego.
American Realty Capital Trust Goes Public, Lists on NASDAQ
After spending a year considering strategic alternatives to maximize shareholder value, American Realty Capital Trust Inc., the flagship REIT of investment advisory firm American Realty Capital, has decided to take on the form of a self-administered REIT.
AREA Partners, Nucor Invest in Memphis Industrial Submarket; Mountain Development Plans New Apartment Community
By Amalia Otet, Associate Editor AREA Properties Partners, a global real estate investment and asset manager headquartered in New York City, recently acquired a $23.6 million industrial portfolio in Memphis from Kansas City Life Insurance Co. The package includes Southpark H at 4650 Quality Dr., Southpark G at 4481 Pleasant Hill, Memphis Distribution D at […]