News
NAREE Special Report: Apartment Rentals to Remain Healthy
Multi-family experts were optimistic about prospects for the sector at this morning’s midyear forecast at the National Association of Real Estate Editors conference in Atlanta.
Federal Capital Partners Buys 240 KSF Durham Office Building in NC
Federal Capital Partners has acquired Erwin Square Plaza, a 238,800-square-foot office and retail building in downtown Durham, N.C.
Pru Lends $73M for Hines’ Purchase of London Office
Prudential Mortgage Capital Co. has provided $73 million in financing for Hines Global REIT’s recent purchase of One Westferry Circus, an office building in London’s Canary Wharf district.
Clarion Scoops Up NYC’s 100-104 Fifth Ave. for $230M
The hot Midtown South office market in Manhattan saw a trophy property change hands this week with Clarion Partners acquiring 100-104 Fifth Ave., a 17-story, 277,412-square-foot building, from the Kaufman Organization and Invesco Real Estate for $230 million.
Economy Watch: Economic Growth Still Moderate; Domestic Oil Production Outpaces Imports; Tepid Job Growth
Economic activity is said to have increased at a “modest to moderate pace” this year. Domestic crude oil output surpassed imports last week. And private employers created 135,000 jobs in May, a relatively low total,
NAREE Special Report: Gelbtuch Announces CRE’s Real Estate Top 10 Issues
The top 10 issues to affect real estate this year offer some real investment opportunities, especially when taken in combination. Counselors of Real Estate chairman Howard Gelbtuch released the updated version of the organization’s annually adjusted list yesterday at the National Association of Real Estate Editors conference in Atlanta.
Surge in Las Vegas’ Home Prices Outpaces Nation’s
The accelerated growth rate for home prices could spark a new trend as homebuyers will look to acquire property before the phenomenon drives average prices out of their budgets. Developers and home builders will also most likely once again look to the Las Vegas market and try to create as much housing stock as possible, in order to cash in on the growth.
Erwin Square Plaza in Downtown Durham Changes Hands
In a $37.5 million deal, Federal Capital Partners of Maryland has acquired the 10-story Erwin Square Plaza office building in downtown Durham from National Asset Services, Inc. of Los Angeles. Ben Kilgore at CBRE represented the seller in the transaction.
Liberty Property Trust Obtains LEED Certification for Property in Jacksonville
Liberty Property Trust has proudly announced that its 7259 Salisbury Road building has earned LEED certification from the U.S. Green Building Council (USGBC) under the New Construction™ rating system.
Linthicum Finalizes Redevelopment of 95,000-Sq.-Ft. Hotel in Downtown Tucson
Linthicum recently completed the 10-month renovation of the Aloft Tucson University hotel in downtown Tucson, a former Four Points by Sheraton property.