News
Economy Watch: Construction Spending, ADP Reports
U.S. construction spending during August came in below the July rate. But private sector employment increased from August to September.
Fidelis Realty Acquires 112-Acre Tract North of The Woodlands for New Shopping Center
Houston-based Fidelis Realty Partners recently completed the acquisition of a 112-acre tract at the former Camp Strake where it plans to develop a 750,000 square-foot shopping, dining and entertainment center.
Spear Street Capital Acquires 800,000-SF Portfolio in Richardson
HFF recently announced that it helped close the sale of four Class A office properties in Galatyn Park in Richardson for an undisclosed amount. Totaling at 800,000 square feet, the office buildings represent one of the largest blocks of Class A office space in the Dallas-Fort Worth area. They were acquired by Spear Street Capital.
More Data Centers Coming to Ashburn
Ashburn’s Data Center Alley is growing. Just last week, DuPont Fabros Technology Inc. officially opened its newest facility in the region. Called ACC7, it is one of the largest multi-tenant data centers in North America and the largest in DFT’s portfolio.
Durst JV Invests $1.5B in Astoria, Queens
Best known for developing and managing Manhattan office towers, The Durst Organization is investing $1.5 billion in a residential and retail development at Hallets Point on the Astoria, Queens, waterfront.
John Hancock Buys Office Tower in Chicago’s CBD
John Hancock Real Estate has acquired 55 W. Monroe, an 804,214-square-foot Class A office building located in Chicago’s Central Business District’s Central Loop.
Walker & Dunlop to Acquire Johnson Capital’s Loan Platform
Walker & Dunlop Inc. has signed on to acquire the loan origination and servicing platform of Johnson Capital.
Economy Watch: Case-Shiller, Fannie Mae
The latest S&P/Case-Shiller Home Price Indices show a continuing slowdown in U.S. home price increases. Fannie Mae reported that the serious delinquency rate for the single-family mortgages that it owns or guarantees declined slightly in August.
Sabra Pays Half-Billion for 21-Property Portfolio
Sabra Health Care REIT Inc. has just reconfigured its portfolio in one fell swoop with the acquisition of 21 independent living facilities from affiliates of Holiday Acquisition Holdings.
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