News
Federal Partners Closes on 400 KSF Northern Virginia Office Complex
Federal Partners, a co-investment joint venture with Spaulding & Slye Investments and the California State Teachers Retirement System, has added 400,000 square feet of suburban Washington, D.C., office space to its portfolio with the acquisition of Liberty Center.
Broad Street Development JV Buys M-F Portfolio Throughout Manhattan
A joint venture between Broad Street Development and Crow Holdings has acquired a two-property residential portfolio located between Manhattan’s SoHo and NoHo neighborhoods for $178 million.
Senior Housing Properties to Purchase 38 Senior Living Communities
Senior Housing Properties Trust has agreed to buy 38 senior-living communities for $790 million from CNL Lifestyle Properties, including assumption of debt.
Cousins Secures 230 KSF Lease; Chambers Street Cashes In $26M for Sam Houston Crossing IInc.
By Eliza Theiss, Associate Editor Fully integrated, self-administered and self-managed REIT Cousins Properties Inc. has secured a 230,000-square-foot lease extension at Post Oak Central. Tenant Stewart Information Services Corp.’s contract was set to expire in September 2016. It has now been expanded until September 2019. The deal put Cousins’ 5.6 million-square-foot Houston portfolio at 96 […]
CBRE Global Investors Funds 631-Unit Apartment Community in Metro Area
The Residences at Springfield Station, a Class A apartment community in the Washington, D.C., metro area, is now under new ownership. A fund sponsored by CBRE Global Investors has recently acquired the property for an undisclosed price.
Economy Watch: Economic Growth, Single-Family Home Sales, Income, Unemployment Claims
Real U.S. gross domestic product increased at an annualized rate of 5 percent in the third quarter of 2014. Sales of new single-family houses nationwide dropped in November by 1.6 percent month over month. Americans’ personal income increased 0.4 percent in November compared with October. Initial unemployment claims decreased by 9,000 from the previous week.
Order Up!
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
