Featured
HFF Brokers Sale of 3 San Francisco Hotels
In the San Francisco Bay Area, the weather is mild but the hotel market is hot, as evidenced by Holliday Fenoglio Fowler’s recent facilitation of the sale of a three-property, four-hotel portfolio to separate buyers.
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.
Moving House: NBC Sports, United Talent Agency Sign for New HQs
Two major firms signed big deals to move their respective headquarters to new digs this past week: NBC Sports will relocate to Stamford, Conn., and United Talent Agency will take new digs in Beverly Hills.
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.
Economy Watch: U.S. Sees Good News, Europe Not So Much
The good: U.S. housing starts were up 5.1 percent month-over-month, and multi-family permits have spiked by 63 percent. The bad: Amid other problems in Europe, Germany and France are now at odds.
$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.
Economy Watch: The Latest Monster From the Closet: The Euro-Contagion
If one or more major euro-zone economies default, the U.S. is sure to take a hit, Fitch said. Homebuilder confidence rose slightly in November. And the CPI dropped in October, mostly due to energy prices.
SL Green to Sell 1.4 MSF Long Island City Office for $476M
SL Green has entered into a deal to sell One Court Square, a 1.4 million-square-foot office complex in Long Island City in Queens, N.Y., to a private-investor group for $476 million.
$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.