News
CBRE Grabs Boutique Office Building in San Fran’s Financial District
CBRE Global Investors has bought 235 Pine St, a 150,159-square-foot Class A office facility located in the heart of San Francisco Financial District.
Dune RE Fund III Closes Oversubscribed at $960M
Dune Real Estate Partners L.P. set an $850 million target for Dune Real Estate Fund III–an investment vehicle focused on distressed, deep value-add opportunities and contrarian investments predominantly in the U.S.–and not only did it hit the target, it surpassed it.
LaSalle and Panattoni Plan Industrial Project in Southwest Las Vegas
Las Vegas has seen the announcement of a number of industrial projects for the area during recent months, and a newly-completed land deal promises yet another increase in the total space the city will be able to offer tenants in just a few years.
Modern Curtain Walls: 4 Simple Steps to Avoiding Costly Disputes & Performance Problems
There is no feature of a modern building that is more visible—and few that are more critical—than its curtain wall.
Mack Expands Debt Investment Activities with Launch of Mack RE Credit Strategies
Mack Real Estate Group is launching a new lending platform for transitional and distressed commercial real estate assets in the United States and Europe and has tapped a former Blackstone Group managing director to help run it.
Houston’s Galleria to Welcome Hyatt Regency Hotel
Houston’s Galleria will be home to a new Hyatt Hotel in the fall of 2015. The Hyatt Hotels Corporation recently announced that a Hyatt affiliate has entered into a franchise agreement with Songy HighRoads, an Atlanta-based company, for the development of the Hyatt Regency Houston Galleria.
Klyde Warren Park Receives Prestigious Urban Land Institute Award
The Urban Land Institute (ULI) recently announced that Dallas’ Klyde Warren Park has been selected as the winner of the 2014 ULI Urban Open Space Award. The award recognizes large- and small-scale projects that have improved and enriched the economy of their communities.
Crescent Communities Sells M-F Property in Tampa
In a $111 million transaction, Crescent Communities has sold Crescent Bayshore, a 367-unit multi-family community in downtown Tampa, to a fund advised by UBS Global Asset Management.
Economy Watch: QE3, Freddie Mac
The Federal Open Market Committee has officially let the world know that the central bank’s stimulus of the economy, QE3, is over. Freddie Mac’s serious delinquencies edged down by 0.02 percent in September.
MRP Realty Celebrates Grand Opening of 400-Unit Elevation at Washington Gateway
In a Washington, D.C. apartment market with strong demand for rentals, one developer has just added 400 more units. On Thursday, October 23, MRP Residential, a division of MRP Realty, celebrated the grand opening of the Elevation at Washington Gateway, a Class A apartment building located at 100 Florida Avenue, NE.