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Inland American Picks Up 710 KSF of Houston-Area Retail in $172M Deal
Inland American Real Estate Trust Inc. has added 710,000 square feet of retail space in metropolitan Houston to its holdings from NewQuest Properties, courtesy of a $172 million deal.
Seniors Housing on a Tear, Reports Show
Multiple reports out of the seniors-housing sector all seem to be saying the same thing: Things are going very, very well. Studies by NIC MAP and Senior Housing Investment Advisors are both bullish on the sector’s outlook.
Economy Watch: New Home Sales See Monthly Uptick
The Census reported that sales of new homes rose 5.7 percent in September. The supercommittee’s members offered up proposals little different from previous attempts. And the CBO said income for top U.S. households grew more than it did for any other group.
With $560M Deal, CubeSmart is Metro NYC’s Top Self-Storage Owner
The company just signed a deal to purchase a 1.6 million-square-foot collection of premier properties in metropolitan New York City from Storage Deluxe.
Dostart Development, Rockwood Capital Sign 340 KSF Silicon Valley Office Lease
Dostart Development Co. L.L.C. and Rockwood Capital L.L.C. have secured a big tenant for its office project in Mountain View, Calif., signing Synopsis Inc. to a 340,000-square-foot lease.
Fashion’s Rise in NYC’s Times Square, Meatpacking Districts Brings Lease Signings
CBRE Group Inc.’s third-quarter report for 2011 saw strong leasing velocity in Manhattan as a whole, but certain submarkets — including the Meatpacking District and Times Square — outperformed expectations.
Inland Western Spends $98M on Austin Retail Center
Austin looks to be a retail hotspot and Inland Western Real Estate Trust is ready to take advantage — purchasing 1890 Ranch in Cedar Park, an Austin suburb, for $97.6 million.
Economy Watch: President Unveils New Mortgage Program, Chides Congress
As expected, President Obama introduced a change in federal mortgage policy on Monday. Insurance regulators in Arizona seized the main subsidiary of mortgage insurer PMI Group Inc. And the Chicago Fed said its National Activity Index rose in September.
KTR Capital Acquires 301 KSF Industrial Facility in Kentucky
KTR Capital continues to expand its presence in metropolitan Louisville, Ky.’s industrial market with the recent acquisition of a 300,800-square-foot property in Shepherdsville.
Kennedy Wilson Closes $111M Purchase of Three L.A.-Area Buildings
Kennedy Wilson has completed the second phase of a $143 million Los Angeles-area office portfolio with the closing of the purchase of three of the five assets for a total of $111 million for an aggregate 500,000 square feet.