News
C&W to Manage Atlanta Office Campus
The Ardent Cos. picked Cushman & Wakefield to manage The Fountains, a Class A portfolio located within Piedmont Center in Buckhead.
Jack Howard Moves Up at CBRE
He will take on his new role as executive vice president of the firm’s National Loan & Portfolio Sale Advisors branch, after serving for more than 12 years in various positions within the company.
Economy Watch: Residential, Commercial Activity Up a Bit, Says Beige Book
Construction activity picked up slightly in the residential and commercial real estate industries across the 12 Federal Reserve Districts, the latest Beige Book reported.
Blackstone Appoints New Executive
Industry vet Kelley Morrell joins the company as managing director & head of asset management for the Tactical Opportunities business.
Omega Healthcare to Invest $190M in SNF Portfolio
The company has reinforced its status as the nation’s largest owner of post-acute care facilities with the acquisition of 15 Indiana properties, which were leased to an existing operator.
Brennan Buys Multi-State Industrial Portfolio
The purchase of three properties in Chicago, Indianapolis and Bakersfield, Calif., caps a busy year for the group, which now owns more than 28 million square feet of space in 23 states.
New Supply Keeps Rent Growth Tepid in Baltimore
Thanks to the revival of its core and the emergence of the Baltimore-Washington corridor as a strategic location, the metro’s multifamily fundamentals have stabilized.
Creative Office Project Breezes Through Brooklyn
The Hudson Cos. began construction on the Breeze, a three-story project totaling 100,000 square feet of office and retail space at 315 Meserole St. in East Williamsburg.
Hanley Brokers Well-Anchored Retail Center Deal
The 42,134-square-foot shopping center is located in Santa Clarita, Calif., and boasts a 96 percent occupancy. The anchor tenant is a CVS store with a stand-alone drive-thru pharmacy.