News
Meridian Arranges $135M in Financing for World’s Tallest Holiday Inn
Meridian Capital Group has facilitated a $135 million mortgage for the refinancing of the Holiday Inn Manhattan-Financial District, on behalf of Sam Chang and Jubao Xie.
GSA Seeks Developers for New FBI HQ
The U.S. General Services Administration is looking for a developer to erect a new headquarters facility for the Federal Bureau of Investigation.
Broad Street Development Acquires Mulberry Street Multifamily Assets in $178.5 Million Deal
Broad Street Development recently announced the addition of two different multifamily buildings in the New York City market. The multi-faceted investor and developer paid Boston-based GID Investment Advisors LLC a fee of $178.5 million for the two properties located on Mulberry Street, an area situated at the corner of the Greenwich Village, SoHo and NoHo neighborhoods. According to the announcement, Broad Street acquired the two properties as part of its partnership with Crow Holdings, a national real estate investment fund.
Economy Watch Weekly: Whither Goest Housing Starts and Construction Spending?
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended Jan. 2, 2015.
Joint Venture Sells Dwell at McEwen for $81.1M
t’s been another great year for the Nashville real estate industry, particularly for the apartment market. New projects abounded and sales shattered records yet again. In fact, Nashville apartment asset sales surpassed the $1 billion mark, shattering the previous sales record of $744 million set in 2013
Kushner, KABR to Revitalize Journal Square in Jersey City
There’s a major multi-family addition in Jersey City, N.J.’s future.
JANUARY ISSUE: Property Management–Occupancy Strengthens
What will demand for space look like in 2015, and which markets will score highest for absorption and increased rents?
KBS Feeds Bay Area’s Hungry Office Market with Another Purchase
To take advantage of an increasing interest from financial service and technology-oriented tenants in the San Francisco area, KBS has bought a three-building, Class A office property in Emeryville, Calif.
DTZ, Cassidy Turley Merger = One of Top Three Global CRE Service Firms
Consign the Cassidy Turley name to the CRE history books, because as of Monday, the company and DTZ were “operating as a single global firm.”
Economy Watch: Office Vacancies, Energy Prices
U.S. office vacancies dropped from 16.8 percent in the third quarter of 2014 to 16.7 percent in the fourth quarter. As crude oil and petroleum product prices ended the year with the largest price drops of all major commodities, among commercial property types, retail stands to benefit the most from a lower cost of energy.
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