News
JLL Signs 16K Sq. Ft. of Office Space at One Urban Centre for Regus
Global office space provider Regus will soon be tapping into office space at Tampa’s premium Urban Centre. Jones Lang LaSalle—the exclusive manager and leasing broker for the building—has secured a long-term lease for 16,072 square feet of office space for Regus at One Urban Centre.
Yes Housing, Romero Rose Break Ground on $16.2M Downtown Affordable Project
Romero Rose LLC, in partnership with YES Housing Inc., has recently broken ground on Casitas de Colores, a $16.2 million multifamily affordable project in downtown Albuquerque. The 71-unit development targets people with incomes that range from 30% to 60% of Area Median Income.
Prologis to Develop New Green Industrial Park in Tokyo’s Saitama Ken-O Submarket
Provider and operator of logistics infrastructure Prologis is kickstarting the construction of a new, 451,000-square foot industrial project in Tokyo’s Saitama Ken-O submarket .
MIPIM Special Report: Innovation, Reinvention, Communication: Keys to Inner City (Re)Development
In the current development environment, keys to successfully developing inner cities are a mixed land use, livability, a lifestyle brand, investment & management innovation, and reinvention.
NFR, Oaktree Buy 3 MSF Office Portfolio for $241M
It could take years to amass 3.4 million square feet of high-quality office space or it could happen overnight, as it did for National Financial Realty and Oaktree Capital Management.
CPC, Citi Announce $250M Facility to Finance Affordable Housing
Citi Community Capital has provided $250 million in financing, one of its largest single investments in affordable housing, to help create or preserve nearly 6,000 low- and moderate-income units in New York State.
Over-Performing San Francisco Office Market Produces Yet Another Office Deal
San Francisco’s improving office market has produced yet another deal after a joint venture created by Hines and Invesco Real Estate moved to acquire an iconic construction located in the city’s South Financial District. The two real estate companies have completed a deal making their joint venture the new owner of the Rialto Building. While official financial terms for the deal were not disclosed, market specialists place the transaction’s value at around $57 million. The entity selling the Rialto Building was Africa Israel USA, AFI USA.
Economy Watch: Job Openings Up Since Early 2012; Gas Prices Edge Down; Small Business a Bit More Optimistic
The number of job openings are up 8 percent year over year compared to January 2012. The weekly U.S. average retail gasoline price fell in early March for the first time since mid-December. And NFIB’s Small Business Optimism Index increased 1.9 points in February to 90.8.
Economy Watch Weekly: Hiring Burst in February, Other Good News
CPE’s economic analyst, Dees Stribling, gives his update for the week ending March 8.
Boston Properties Taps Lehman’s Thomas as CEO
Boston Properties has taken the big step in its CEO succession plan with the selection of Owen Thomas to serve as the REIT’s CEO.