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Houston’s CityCentre Sold by HFF, Equitized by JLL in Two Deals
In two separate deals on the same property, JLL and HFF each came away with good news: HFF closed on the sale of the 1.8 million-square-foot CityCentre II and JLL secured the equity funding for both the acquisition of CityCentre II and the development of CityCentre III.
Economy Watch: Consumers Edgy About the Future, and 26 States See Employment Rise
According to a mid-September reading, consumers are as gloomy about the economy as they were a few weeks ago, and 26 states saw rises in their reported unemployment rates. And his euro-zone counterparts met Treasury Secretary Geithner coldly.
GGP Refinances Staten Island, Boise Malls for $413M
Refinancing debt-laden properties has been a high priority for General Growth Properties since emerging from Chapter 11, and to that end, the company refinanced Staten Island Mall in New York and Boise Towne Square in Idaho for an aggregate $413 million.
SPECIAL REPORT: Greenburger Reveals How Time Equities Prices Real Estate
New York City real estate may be susceptible to the effects of current global economic developments, but it is likely to continue to rank among the world’s top-performing investment markets long into the future, suggested Francis Greenburger, chairman & CEO of Time Equities Inc.
Meridan Negotiates $66M Senior Mortgage for Chicago Retail Center
Meridian Capital Group L.L.C. has arranged $66 million in financing for a 178,700-square-foot shopping center in Chicago owned by Baker Development Corp. The loan was supplied by an unnamed balance-sheet lender.
FEATURE: CREW Network Honors Impact, Excellence Award Winners
The Commercial Real Estate Women Network last night unveiled the winners of the new Impact Awards during the 2011 Convention & Marketplace near Washington, D.C.
Economy Watch: Foreclosure Filings Spike in August, Nevada Hit Hardest
Foreclosure filings spiked 7 percent in August, according to foreclosure specialist RealtyTrac, but the CPI gained a meager 0.4 percent. Obama and Boehner continued to push their respective jobs plans around the country.
San Francisco’s 1155 Market St. Sold to Laurus Corp.
Laurus Corp. has just picked up a 140,000-square-foot office building in San Francisco’s Civic Center area, located at 1155 Market St., and featuring 11 floors of rentable space.
WRIT Purchases 345 KSF Suburban D.C. Office for $101M
A week after closing the first phase of a $350 million industrial portfolio, Washington Real Estate Investment Trust has sprung for the all-cash acquisition of Braddock Place, a 345,000-square-foot office complex in the Old Town section of Alexandria, Va.
Economy Watch: Shoppers Stayed Home in August
Americans decided to put off buying much more than what they ordinarily buy, such as cars, in August. The PPI also remained flat for the month. And both France and Germany asserted that Greece is sticking with the euro zone.