News
CPE 100 Sentiment Survey: Industrial Assets to Make Biggest Gains with Investors in ’14
Industrial and e-commerce properties are expected to make the biggest jump in popularity with investors this year, while pension funds and foreign capital will increase their activity more than other institutional investor categories, according to the latest CPE 100 Quarterly Sentiment Survey.
Cornerstone Taps CBRE GMM’s Brown as President
There will soon be a new president onboard at Cornerstone Real Estate Advisers. The global real estate investment manager’s succession planning process has resulted in the tapping of longtime real estate industry executive Scott Brown to step into the position.
CNL Healthcare Properties Acquires Medical Office Buildings in Florida, California
CNL Healthcare Properties has acquired two medical office buildings in Coral Springs, Fla., and two medical office buildings in Chula Vista, Calif., for a total of $60 million.
PM Realty, Atlas USA to Redevelop $1B M-U Site in Houston
PM Realty Group and financial partner Atlas U.S.A. Holdings will undertake the redevelopment of a 35-acre parcel in Houston’s Energy Corridor that is currently the location of ExxonMobil Chemical Co.
Economy Watch: New Homes Sales Up in ’13; Long-Term Unemployment Spotlighted in State of Union
New home sales were up 4.5 percent in 2013 compared to the previous year. One initiative that President Obama is expected to announce in his State of the Union address today is dealing with the long-term unemployed.
Podcast: Lenders, Mortgage Banks Optimistic on 2014
Jack Kern and Mike Ratliff dissect the changing nature of mortgage banking, as well as the challenges and opportunities 2014 should present to the industry.
2014 Top Mortgage Banking Firms
Mortgage bankers continue to see good things coming for 2014. This optimism is bolstered in part by increased certainty in the lending environment.
Stream Realty Partners Acquired San Antonio Medical Office Building
The medical office building at 5109 Medical Drive has been acquired by the national real estate development and investment firm, Stream Realty Partners. The address is on the campus of Christus Santa Rosa Medical Center in the South Texas Medical Center. Details about the transaction have not been made public.
Circle Food Store, Magnolia Marketplace to Curb NOLA’s Retail Shortage
One of the most highly anticipated retail openings in the Crescent City, the second coming of the Circle Food Store in the Seventh Ward, was recently celebrated.
Hudson Pacific Agrees to $57M Fee for Merrill Place in Off-Market Transaction
A purchase agreement for an office and retail asset in Seattle’s Pioneer Square submarket was recently struck between buyer Hudson Pacific Properties and a joint venture between Angelo Gordon, Nitze-Stagen and Mile Rock Capital. According to a recently released press statement, the off-market transaction will have a value of approximately $57.7 million. That same statement pegged the closing date for the deal sometime next month.