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Cole Acquires 5 Multi-Tenant Retail Centers for $58.2M
In five separate transactions, Cole Real Estate Investments has added five additional multi-tenant shopping centers across three states for an aggregate $58.2 million.
Economy Watch: Bernanke Hints at More Fed Intervention
In not so many words, Bernanke called for some stimulus — as long as inflation isn’t bad. A new report concluded that the FHF failed to notice foreclosure abuses in recent years. And after a number of down days, Wall Street ended up on Tuesday afternoon.
Cushman: NYC ‘A Hot Leasing Market’
In its third-quarter overview, Cushman & Wakefield painted a scene of a picturesque New York City leasing market.
Trade Street Capital Purchases 560-Unit Nashville Luxury Multi-Family for $71M
Trade Street Capital just sold the 560-unit Wyndchase Aspen Grove multi-family property to a real estate fund advised by Crow Holdings Capital Partners, L.L.C. for $71 million.
Stiles Sells Bank of America Plaza at Las Olas in Ft. Lauderdale for $164M
Nine years after developing Bank of America Plaza at Las Olas City Centre in Fort Lauderdale, Fla., Stiles has sold the 410,000-square-foot trophy office building for $164 million to a real estate fund managed by J.P. Morgan.
DLA Piper Survey: 70 Percent Stay Bearish for the Upcoming Year
The results of DLA Piper’s fifth State of the Market Survey showed that 70 percent of the top executives within the real estate industry — CEOs, CFOs, COOs and other senior positions — are bearish overall on the economy.
Economy Watch: Construction Spending Up Unexpectedly
Construction spending experienced a surprise 1.4 percent uptick in August, according to the Census. Economic activity in the manufacturing sector expanded in September for the 26th month in a row, and worries about the Greek economy continue.
Edens & Avant Purchases Fort Lauderdale’s 155 KSF Union Planters Plaza
Union Planters Plaza in Fort Lauderdale, Fla., comes under new ownership as Edens & Avant acquired the 155,000-square-foot grocery-anchored shopping center from Wharton Realty Group for an undisclosed price.
Skanska USA Begins $70M Lab and Office Building in Boston Area
Skanska USA has announced a $70 million investment in a laboratory and office building in Cambridge, Mass., capitalizing on the hot medical-property market in the Boston area.
SL Green, Stonebridge JV for NYC Retail, Multi-Family Buy
SL Green has entered into an agreement with Stonebridge Partners to acquire eight retail and multi-family properties in New York City for $416 million.