Business Specialties
Exclusive: Industrial Vacancies Set to Decline Through 2015, Cushman Report Shows
In an exclusive interview with CPE, commercial real estate services firm Cushman & Wakefield sees industrial vacancy rates dropping “considerably” over the next five years, going as low as 6.6 percent by 2015.
NYU Capital Markets Special Report: Opportunity in Distress
This year’s Capital Markets in Real Estate conference by the NYU Schack Institute took on a decidedly positive note, with industry leaders seeing investment opportunities for CRE.
Shippensburg University Kicks Off $200M Student-Housing Development
Shippensburg University in Pennsylvania breaks ground today on its $200 million student-housing initiative that will be completed in three phases through January 2013 by developer Campus Apartments.
Ashforth’s West Coast Arm Bought by Its CEO
Ashforth Pacific, the West Coast operating subsidiary of The Ashforth Company, has just been purchased by Scott Langley, the subsidiary’s CEO for the past 10 years.
$55M for a Manufactured Seniors Home Community Outside Boston
A privately owned Chicago firm has just purchased Oak Point, a 870-unit seniors manufactured-home community in Middleborough, Mass., for $55 million.
Avison Young Opens Vegas Office
The largest independently owned commercial real estate services company in Canada is about to grow even larger, as Avison Young has just opened a Las Vegas office with Joseph Kupiec at the helm.
Industry Movers: Promotions and Hirings
The CRE industry continues to grow and evolve, and Newcastle, SRS, Wilson and Aardex have all made some personnel changes of late.
Reno’s Meadowood Mall Sees $125M Refi
Financing to the tune of $125 million has been put in place for Meadowood Mall, an 877,000-square-foot retail property in Reno, Nev., in a deal orchestrated by HFF on behalf of Meadowood Mall SPE.
$159M Chicago Apartment Complex Picked Up by RP Holdings
In a big Midwest move, RP Holdings L.L.C. just ponied up $159 million for a two-tower, 1,031-unit multi-housing property in the Hyde Park neighborhood of Chicago.
CBRE Names CFO, CAO for Global Investment Unit
On the heels of closing its purchase of Netherlands-based ING Group N.V.’s real estate investment operations in Europe, CBRE Global Investors has named Maurice Voskuilen as its new global CEO & CAO.