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Nine-Property Seattle M-F Portfolio Gets $155M Freddie Refi
Financing to the tune of $155.3 million has been put in place for a 2,184-unit apartment portfolio in metropolitan Seattle by CBRE on behalf of owners Holland Partner Group and Invesco.
Jones Lang LaSalle Named Preferred Global RE Services Provider for Volvo
Under a global framework agreement signed by both companies, Volvo Cars Corp. has chosen Jones Lang LaSalle as its preferred real estate services provider worldwide.
Newmark Knight Frank Takes More Than 900 KSF of Atlanta Industrial Leasing
Newmark Knight Frank has been tapped to provide leasing services for a 900,000-square-foot industrial flex portfolio near Atlanta, Commercial Property Executive has learned.
Economy Watch: World Bank Cuts World Growth Forecast
The World Bank revised its growth forecast for the world’s economy to just 2.5 percent in 2012. The FDIC proposed new rules that would include stress tests for banks holding between $10 billion and $50 billion. And U.S. consumer-loan defaults rose in December.
San Diego Multi-Family Picked Up by Invesco
Monarch at Shadowridge, a 314-residence apartment community has changed hands in what Jones Lang LaSalle Capital Markets, the real estate services firm that represented the seller, describes as the one and only trade of a Class A apartment property in San Diego County in 2011.
Mitsui Fudosan Takes 80% Stake in D.C.'s Homer Building for $252M
Mitsui Fudosan America Inc. has completed the acquisition of an 80 percent interest in The Homer Building, a premier office property just blocks from the White House in Washington, D.C.
Economy Watch: The French Ratings Surprise
Among other euro-zone nations, France lost a notch in its debt rating due to an S&P downgrade. And a survey of economists revealed an expectation that home prices will see no gains — but also no losses — this year.
Brookdale Acquires 1.4 MSF Dallas Office Complex
Brookdale Investors Six L.P. has just added 1.4 million square feet of Class A office space to its portfolio with the acquisition of The Towers at Williams Square in Irving, Texas.
Submit Your Rising Star
CPE is now taking submissions for our annual Stars to Watch feature. Submissions are due on Friday, January 20.
Invesco Takes 220 KSF Boston Office Tower for $75M
An institutional client of Invesco Real Estate has set its sights on Boston, picking up a 220,311-square-foot Class A office property from Millennium Partners for the price of $75 million.