Featured
Healthcare Trust Acquires 203 KSF Medical Office Building in Michigan
Healthcare Trust of America Inc. expands its presence to 26 states with the $51.3 million acquisition of a 203,000-square-foot medical office building sited on a 200-acre medical campus 30 miles outside of Detroit in Novi, Mich.
JLL to Handle Leasing Efforts for 510 KSF California Office Complex
LNR Property L.L.C., the owner of Warner Center IV in Woodland Hills, Calif., has tapped services firm Jones Lang LaSalle Inc. to lease the 509,923-square-foot Class A office complex.
Fountain, Crosswind to Build Dallas-Area Student Housing
Fountain Residential Partners of Dallas, in association with Crosswind Development Partners, plans to break ground this spring on a luxury 139-unit, 427-bed student-housing community adjacent to the University of North Texas in Denton. The 33 North project is scheduled for completion in fall 2013.
Economy Watch: Home Builders, Manufacturers Perking Up
Home-builder confidence rose for the fifth consecutive month, reaching its highest level in four years. Manufacturing indices, too, are up. And the Fed reiterated its commitment to rock-bottom interest rates at least through the end of 2014.
Empire State to Become REIT? Plans $1B IPO
Malkin Holdings L.L.C., supervisor of Empire State Building Associates L.L.C., owner of the world-renowned Empire State Building in Manhattan, has gotten everyone’s attention with the revelation — in documents filed with the Securities and Exchange Commission — that ESB Associates plans to become a REIT.
Parkway Properties Takes Tempe’s Hayden Ferry Lakeside II for $86M
The 12-story, Class A Hayden Ferry Lakeside II office building has just sold for $86 million to an affiliate of Parkway Properties Inc., which also owns the adjacent Hayden Ferry Lakeside I building.
Special Report: Bernanke Cites Availability of Capital as Constraint on Housing, Economic Recovery
Addressing the National Association of Home Builders, Federal Reserve Chairman Ben Bernanke acknowledged the critical role the single-family sector plays in the economic recovery, and said that the troubles in the single family industry resulted in part from constricted financing availability.
Economy Watch: Retail Sales See January Increase
Retail sales, including those from department stores and gas stations, were up in January. The Volker Rule’s deadline for public comment passed, and quite a bit of commentary was submitted to the SEC. UCLA’s Pulse of Commerce Index dropped in January, contrary to most other indices.
Parmenter Picks Up 202 KSF Houston Tower from KBS
Houston continues to outperform most of the nation in transaction volume, and Parmenter Realty Partners has just picked up the 201,720-square-foot Class A tower at 2200 West Loop South from KBS Real Estate Investment Trust for an undisclosed price.
Carlson Real Estate Engages Eastdil Secured for 5.5 MSF Portfolio
Carlson Real Estate Co. has engaged investment banking firm Eastdil Secured to “assist in reviewing and evaluating strategic alternatives” for CREC’s 5.5 million-square-foot real estate investment portfolio in Minnesota, Arizona and North Carolina.