Featured
Sabey to Build Data Center
The developer and operator has purchased 38 acres of land for the 490,000-square-foot project in the Dulles Technology Corridor, approximately 30 miles northwest of Washington, D.C.
HFF Arranges Refinancing for D.C. Multi-Family Property
Holliday Fenoglio Fowler L.P. nailed down an $80.5 million loan for Allegro Residences, a 297-unit, Class A mult-housing community in Washington, D.C.
Investcorp Acquires Medical Complex
Investcorp Real Estate has expanded its San Francisco Bay Area holdings via the purchase of the 98,000-square-foot Broadway-Webster Medical Plaza in Oakland.
Economy Watch: Consumers Constrained
It was clearly a nervous springtime for U.S. consumers, since their spending was at its weakest pace since the dim days of the summer of 2009–flat in May, or down 0.1 percent when inflation is taken into account, according to the U.S. Department of Commerce.
Newmark Wins 1 MSF Office Assignment
Newmark Knight Frank has come out on top in a competitive bid to serve as exclusive office leasing agent for New Quincy Center, Street-Works Development L.L.C.’s $1 billion mixed-use project.
ULI Report: Too Much Capital, Too Few Assets
Too much capital chasing too few assets is compelling some investors to overpay, Ethan Penner contended during the Urban Land Institute’s capital markets conference. But the time will come when there are more opportunities than there is cash to pursue them.
Economy Watch: Greece Debates More Austerity
The Greek parliament began debate on an austerity plan for the country that has very few friends outside of the holders of Greek debt, finance panjandrums in the EU, and the likes of the IMF.
NAA Coverage: Echo Boomers Now Largest Apartment Group
Baby Boomers have been usurped in their position as the leading demographic group, and apartment marketers would do well to recognize the preferences of this age group versus those of their parents, suggested speakers at a session at the National Apartment Association Education Conference & Exposition in Las Vegas.
Economy Watch: Home Sales, Oil Reserves
New home sales dropped 2.1 percent in May compared with April, according to the U.S. Census Bureau, which was a drop, but not as much of a drop as economists had expected.
Gaylord Goes West
Gaylord Entertainment has selected High Point, a gargantuan master-planned business district being undertaken by LNR Property L.L.C.’s Commercial Property Investment Fund L.P. in Aurora, Colo., for its latest project. The hospitality and entertainment company will build an $800 million resort and convention hotel on 85 acres at LNR’s sprawling development.