News
Reverse Mortgage Investment Trust Buys Reverse Mortgage Funding
Reverse Mortgage Investment Trust Inc. is now the proud new owner of Reverse Mortgage Funding L.L.C.
INTERNATIONAL: Singapore’s Massive M-F Complex Wins CTBUH Urban Habitat Award
The Council on Tall Buildings and Urban Habitat has announced The Interlace, a sizeable residential development in Singapore, as the winner of the first ever Urban Habitat Award.
Hertz Buys Bank of America Tower in Jacksonville from Parmenter for $88M
Hertz Investment Group has paid Parmenter Realty $88 million for the tallest building in Jacksonville, the 42-story Bank of America Tower.
Commercial Mortgage Capital Secures $94M Mortgage Loan for Norwalk Office Building
Commercial Mortgage Capital has closed a $94-million permanent loan for i.Park Norwalk, a 365,866-square-foot office building in Norwalk, Conn.
Economy Watch: Citi Pays Fine for Subprime Misdeeds; Oil, Gas Prices Edge Down
Citigroup will pay $7 billion to settle charges levied by the U.S. Department of Justice for securitizing and selling vast numbers of bum mortgages to investors in 2006 and ’07. The price of oil and gas continues to slide.
Invesco Grabs 558 KSF Denver Office Building
Invesco Real Estate has snapped up Park Central, a 558,000-square-foot office property in Denver’s central business district, for a whopping $213 million.
INTERNATIONAL: Dubai Holding, Local Authorities Unveil Plans for New City, World’s Largest Indoor Mall
Developer Dubai Holding and local authorities have unveiled plans to build an entertainment district along with an 8 million-square-foot mall in the largest city of the United Arab Emirates.
AMN Healthcare Signs 175 KSF Office Lease Renewal for San Diego Corporate HQ
AMN Healthcare Services has reached a deal on a lease renewal for its 175,000 square feet of office space at its corporate headquarters in Del Mar Heights, Calif., for approximately $120 million.
Toyota Taps KDC to Develop North American HQ in Plano, Texas
Toyota Motor Co. has selected KDC Real Estate Development & Investments to develop its new North American headquarters campus in the recently built Legacy West development in Plano, Texas.
Economy Watch: Rumbles of Trouble in the Eurozone; Federal Deficit Shrinking
Late last week trouble in the eurozone arose when Portugal halted trade in Banco Espirito Santo.