Business Specialties
Deloitte Symposium Waxes Positive
The general consensus was that the economy, while on a slow path of recovery with the addition of 250,000 jobs each month, is showing signs of life, though not necessarily a strong return.
PREI Breaks New Ground with Debt Fund
Prudential Real Estate Investors has completed Pramerica Real Estate Capital I, an $800 million, closed-end investment vehicle that will supply financing for deals involving European commercial real estate properties.
Fannie Mae Reveals Top Multi-Family Lenders
Performance hit a higher level in 2010, with each of the 10 lender partners each contributing a minimum of $870 million in loan volume, compared to 2009’s minimum of $700 million.
Manhattan Rental Rates to Reach Record High in 2011
Not only has the city rebounded, it has come back with a vengeance, as market-rate rents are on track to reach an all-time high this year, according to Marcus & Millichap Real Estate Investment Services’ apartment research market outlook.
TOMS Shoes Leases L.A. Building for New HQ
The progressive company, which matches each sold pair of shoes with the donation of another, has signed a lease that will facilitate its relocation to spacious quarters of nearly 70,900 square feet.
Logitech Inks 263,500-SF Lease
The firm, which works in Internet communications, digital music, home entertainment and wireless devices, will occupy the Pacific Research Center in Newark, Calif., through at least February 2023.
Woods Joins Red Capital as Director
Gary Woods has three decades of experience in mortgage finance and acquisitions. His background includes stints with Bridger Commercial Funding, NorthStar Realty Finance and Washington Mutual.
CoStar Amps Up Offerings with LoopNet Acquisition
The deal comes as no surprise to those who keep an eye on the ins and outs of the industry. B. Riley & Co. L.L.C. director of research Ian Corydon said, “It has made sense for a long, long time.”
Broadway Partners to Recap 450 W. 33rd St.
The 1.6 million-square-foot Class A office building is located two blocks from New York’s Penn Station and includes tenants such as The Associated Press and New York Daily News.
JLL Nails Down $42M Loan for Houston Office Asset
The mortgage was procured with regard to 919 Milam, a 542,919-square-foot Class A office building in the city’s central business district.