News
AEW Buys 375-Unit Apartment Building in NYC from Gotham Organization
AEW Capital Management has acquired New Gotham, a 375-unit rental building at 520 W. 43rd St. on Manhattan’s West Side, from the Gotham Organization and its investor member AIG Affordable Housing for a reported $170 million.
Kite Acquires 10-Property Multi-State Retail Portfolio for $307M
Kite Realty Group has acquired a 10-property, 2.1 million-square-foot retail portfolio from a New York-based real estate private equity firm for $307 million.
Economy Watch: GSE Delinquencies, Eurozone Unemployment Drop; Most States Turn in Stronger Coincident Indexes
The serious delinquency rate for mortgages owned or controlled by the GSE is down from 3.35 percent in October 2012, and now stands at its lowest level since December 2008. Over the past three months, coincident indexes increased in 45 states and decreased in five. And the eurozone saw its aggregate unemployment rate drop by 0.1 percent month over month.
Freeport-McMoRan Center Receives TOBY Award; MIG Picks Up Class A Office Building
Freeport-McMoRan Center, a 26-story mixed-use building in the heart of downtown Phoenix managed by Transwestern, received The Outstanding Building of the Year (TOBY) Award for 2013 from the Building Owners and Managers Association (BOMA), Greater Phoenix chapter.
Citizen Potawatomi Nation, Interior Department Approve Landmark Leasing Deal
The 25th of November 2013 has become a historic day as Secretary of the Interior Sally Jewell and Assistant Secretary of Indian Affairs Kevin K. Washburn joined Citizen Potawatomi Nation Chairman John Barrett and formally approved tribal leasing regulations.
Foundry Associates Buys Historic Office Complex for $19M
In a $19.05 million deal, Foundry Associates, L.P. has purchased the five-building American Locomotive Works (ALCO) office park along the Woonasquatucket River in downtown Providence.
Ballast Point Brewing Inks 107,000-SF Lease with HG Fenton in Miramar
As the housing market in San Diego is doing better, the city’s industrial market is also seeing awareness brought to it. A major leasing agreement was recently completed for a facility in the Miramar submarket, as local company Ballast Point Brewing and Spirits is set to occupy the commercial property located at 9045 Carroll Way. The value of the agreement stands at around $16 million, making it one of the largest deals of its kind in San Diego this year. The agreement was brokered by Voit Real Estate on behalf of both the tenant and landlord HG Fenton.
CITRA Wins City Approval, Incentives for $71M Downtown Healthcare/Assisted Living Complex
By Alex Girda, Associate Editor As the Downtown Project led by Tony Hsieh gathers momentum, a major healthcare and residential project has reached a major milestone. The Las Vegas City Council recently approved an agreement with developer CITRA Real Estate Capital for Symphony Park, a $71 million skilled nursing and assisted living facility. Located on […]
ITRA Global Invites Bioscience Companies to Tucson
Commercial Real Estate Group of Tucson, affiliated with ITRA Global, issued a white paper suggesting bioscience/biotechnology companies to relocate or expand their activities to Tucson.
Stahl Construction Completes $25M Project for Minnesota Army National Guard
Stahl Construction has recently announced the completion of work on the Minnesota Army National Guard Field Maintenance Shop at the Arden Hills Army Training Site.