News
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.
Monticello Keeps North Dallas’ M-F Market Thriving with New Buy
Monticello Asset Management has contributed to North Dallas’s growing multi-family market with the purchase of the 148-unit Willoughby Park Apartments.
Polidev Investments Acquires Office/MOB Asset in University Town Center
Polidev Investments Inc. recently completed the acquisition of a San Diego office and medical office campus located in the city’s University Town Center submarket. Seller DivcoWest worked with real estate company HFF to market the property, with HFF also being responsible with closing the transaction. Polidev also worked with HFF in securing the necessary financing for the acquisition of Genesee Plaza.
Kite Realty Group Buys Summerlin’s Rampart Commons in $32 Million Deal
The second half of the year meant a substantial increase in the amount of attention the Las Vegas commercial real estate market has seen, with investors dialing in on opportunities throughout the market. Kite Realty Group Trust recently completed the acquisition of Rampart Commons in the city’s Summerlin submarket, an area of the Las Vegas Valley that is seeing development and interest reach an all-time high. The Indianapolis-based company paid a total of $32.3 million for the asset, including $12.3 million of assumed debt.
You must be logged in to post a comment.