Investment
IPD: Real Estate Slump Receding
The Investment Property Databank’s U.S. Quarterly Property Index shows that commercial real estate markets have emerged from a two and a half year slump.
Marcus & Millichap Names Firoozabadi VP Investments
Firoozabadi most recently served as associate vice president investments. He received the designation in 2008.
Pontius To Lead Marcus & Millichap’s Leased Properties Group; Haddigan Retires
Another big move at Marcus & Millichap as Alan Pontius takes on Bernard Haddigan’s retail role.
BRE Grabs San Jose Apartment Property for $50.2M, Assumes Mortgage Loan
The San Francisco-based REIT assumed a $32.5 million mortgage in buying the 226-unit property.
1.4M-SF Ohio Commerce Center Snapped Up for Pocket Change
Spirongo Lordstown L.L.C., an entity controlled by brothers George and Spiros Bakeris of Howland, Ohio, has acquired the 1.4 million-square-foot Ohio Commerce Center in Warren, Ohio, from Roseville, Minn.-based Meritex.
Fuller Partnership “Perfect Fit” to Expand Cassidy Turley into Denver
Cassidy Turley’s latest expansion move did more than give the company a full-service presence in Denver. The fast-growing company, formed on March 1 with the partnership of a number of former Colliers firms and an assortment of others, found in Denver heavyweight Fuller Real Estate a “perfect fit.”
Emeritus JV Wraps Up Stayton Portfolio Buy
Emeritus Corp.’s portfolio has just gotten a lot bigger. In a joint venture with Blackstone Real Estate Advisors VI L.P. and Columbia Pacific Advisors, it closed the $1.2 billion acquisition of a 144-property seniors housing portfolio from Stayton SW Living L.L.C., which parted with the assets as part of its Chapter 11 plan of reorganization.
Brandywine Snaps Up 1MSF Philly Office in $129M Deal
Three years ago, the entire industry would have scoffed at the idea of acquiring the leasehold interest in a premier 1 million-square-foot Philadelphia office building for a measly $129 million, but Brandywine Realty Trust has succeeded in doing just that.
ACQ Makes $24M Equity Purchase of Atlanta’s Vinings Main
Rosemont, Ill.-based ACG Equities has made a 100 percent equity purchase of Atlanta’s Vinings Main mixed-use commercial and residential condominium development, which fell into foreclosure last December.
Colin Dyer: Good Recessions and Global Growth
Jones Lang LaSalle’s Colin Dyer talks about global growth and the benefits of the Staubach Co. acquisition.