News
Madison Buys 49% Interest in Downtown LA Office Tower
Madison International Realty has acquired a 49 percent ownership interest in One California Plaza, a 42-story trophy office tower in downtown Los Angeles, for $295 million.
Economy Watch: ADP Reports Modest Jobs Growth; Car, Truck Sales Down; Shutdown Continues
August’s job gain was revised down from 176,000 to 159,000. The total U.S. light vehicle sales dropped to an annualized rate of 15.3 million units in September from 16.1 million units in August. Much of the drop came from lower truck sales. And Day 2 of the federal shutdown passed on Wednesday without resolution.
New Multifamily Division to Focus on Developing Projects in Growing Tech Markets
By Alex Girda, Associate Editor As the main tech markets continue their emergence, driven by the growth of big names such as Google, Facebook and Apple and their development of new design-heavy facilities, as well as the growing interest in the San Francisco Peninsula, the market was bound to drive the residential pipeline to a […]
108-Unit Downtown Condominium Project Sold Out in Charleston
Charleston’s growing economy and appetite for housing has been proved again with the announcement that Bee Street Lofts, a 108-unit downtown condominium development has officially sold out.
Berkadia Arranges $46.4 Million for Two MF Properties
The Chicago office of Berkadia Commercial Mortgage LLC has recently announced it has closed a total of $46.4 million through the U.S. Department of Housing and Urban Development’s 223(f) program for two apartment communities.
SARES-REGIS Multifamily Fund Acquires 156-Unit Value-Add Property in Denver
SARES-REGIS Multifamily Fund L.P. recently announced it has acquired Arabella, a 156-unit apartment community in Denver, Colorado, from Fairfield Properties.
Shops at Summerlin Lands Nordstrom Rack for Fall 2014 Opening
As new areas of the city’s real estate market such as residential and office show signs of improvement, it helps to know that Las Vegas still packs a punch when it comes to retailers. Seattle-based clothing retailer Nordstrom has recently announced that it is expanding its operations with a new Nordstrom Rack store that will be placed in The Shops at Summerlin, one of the largest retail projects in the entire country. Nordstrom Rack offers shoppers items from the retailer’s Nordstrom stores as well as Nordstrom.com, from the retailer’s top brands at discounted prices.
Cassidy Turley: NJ Office Sector Making Solid Progress
The Garden State’s office sector is trending up and turning a corner, which is attributed to steady job growth and a new corporate tax break signed into law by NJ Gov. Chris Christie to attract new businesses.
Evan Denner on Student Housing, Capital & Equity Raising
Campus Evolution L.L.C. founder & CEO Evan Denner took time out of his busy schedule conquering the world of commercial real estate to discuss the student housing sector as it relates to real estate and its standing in a recovering economy. Via the Twitter format of 140 characters or less per tweet, he chatted with CPE editors, shedding light on his decision to move into the student housing space, student and investor demand, and his plans to take the company public. What follows is a transcript of the exchange. CPE: Evan, what was your motivation to enter the student housing business? Did you…
PwC RE Investor Survey: ‘Real Optimism’
Investors are positive about the industry’s performance and outlook; all this despite rising interest rates.
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