News
Entity Buys Class A Warehouse Space; CushWake Affiliate Lands 2.5M SF Management Contract
The industrial property market remains strong in the Memphis metro area, with industrial properties being transactioned on a weekly basis.
$37M Apartment Complex Planned for NoDa, Speculative Office Space for Mooresville
Gvest Partners, LLC, a closely held real estate investment partnership that focuses on the acquisition, development and management of commercial real estate and renewable energy assets has announced plans for a $37 million apartment development in Charlotte.
Luxury Tower Under Construction Hits Market with One-third of Units Already Sold
An announcement made by the development team behind a much-anticipated residential tower in Midtown Manhattan shows once again that the luxury market in New York City is anything but boring these days.
REIT Wars: ARCP vs. CCPT III
The war of words between American Realty Capital Properties and Cole Credit Property Trust III continues to get more heated with each side issuing statements detailing why their proposals about the future of CCPT III are best for stockholders.
IPD Releases Global Quarterly Property Fund Index
Real estate industry analysis provider IPD has released its inaugural IPD Global Quarterly Property Fund Index, a benchmarking of fund-level real estate performance across global markets, and the numbers for 2012 were, well, relatively modest.
Karlin Real Estate Acquires 186,000-Sq.-Ft. Plaza 35
Karlin Real Estate, one of the most active real estate investors in Austin, has closed another acquisition recently. The Los Angeles-based investor purchased Plaza 35, a 186,000-square- foot property at 12234 N. I-35.
Economy Watch: Existing Home Sales Up; ECB Gives Cypress a Deadline; Unemployment Claims Edge Up
Existing home sales were up in February. The European Central Bank issued a statement on Thursday essentially setting a deadline for Cyprus to take action of some kind on its bailout. And for the week ending March 16, initial unemployment claims were up by 2,000 from the previous week’s revised figure.
SL Green Closes $925M in Financing for Iconic NYC Building
SL Green Realty has arranged $925 million worth of bridge acquisition financing for New York City’s iconic Sony Building at 550 Madison Ave., which was purchased by New York-based developer The Chetrit Group for $1 billion from Sony Corp.
Chambers Street Taps Cassidy Turley to Manage 1 MSF Office Portfolio
Cassidy Turley will be managing nearly 1 million square feet of office properties owned by Chambers Street Properties in Dallas, Houston, Columbus, Ohio, and Raleigh, N.C.
Formerly Distressed Harvard House Re-opens after Major Renovation
A formerly distressed North Miami Beach apartment complex has recently reopened after undergoing an $8 million redevelopment process led by nonprofit affordable housing developers Carrfour Supportive Housing and the National Housing Trust.