News
Helen of Troy Announces $37M Distribution Facility
El Paso, TX-based Helen of Troy Limited has announced it will be expanding its presence in the greater Memphis area by constructing a new 1.3 million square feet distribution facility in Olive Branch, Mississippi, increasing its presence in the area by approximately 30 percent.
JV Picks Up 1 MSF Chicago Office Tower in $350M Sale-Leaseback
In what’s being touted by industry leaders as Chicago’s largest office sale in 2012, the 1 million-square-foot office building at 540 W. Madison St. came under new ownership in a $350 million sale-leaseback transaction.
Griffin-American Healthcare REIT Continues Expansion with $184M in Acquisitions
The Griffin-American Healthcare REIT II more than tripled its portfolio in 2012 with acquisitions totaling $866 million, including 14 properties purchased in December for $184 million.
Aimbridge Hospitality Secures Management of 103 Former Jameson Hotels
Aimbridge Hospitality has has added 103 assets of former Jameson Inns, owned by Colony Capital.
JLL Nabs Dallas M-F Brokerage Firm
JLL has acquired The Apartment Group, a market-leading multi-family brokerage firm in Dallas.
Economy Watch: Consumers Borrow More for Schooling, Vehicles; Apartment Vacancies Dip; Vegas Residential Market Improves
Consumer borrowing rose at an annualized rate of 7 percent in November. U.S. apartment vacancy has declined by 20 basis points. And the total number of Vegas homes sold has gone up.
Forest City Enterprises Offloads Coveted Office Property in Downtown San Jose
One of San Jose’s largest office buildings recently traded hands after Forest City Enterprises Inc. agreed terms with CBRE Global Investors for the sale of Fairmont Plaza. CBRE Global Investors paid $93.1 million for the Bay Area asset. The property, also known as the Knight-Ridder building, was sold in order to generate net cash proceeds for the Cleveland-based owner. Also part of this strategy was the recent sale of the company’s Emerald Palms apartment community in southwest Miami.
C&W: Modest Gains Ahead in 2013 as U.S. Leads Global Investment
On the heels of an uneasy year, 2013 promises improved clarity of fiscal policy that will foster modest growth in investment, especially during the second half.
Lodging, M-F See Marked Increase in Construction Spending from Year-Ago Level
Hotel renovations and oil/gas booms cause spending on lodging construction to rise.
Microsoft Takes 200 KSF at 11 Times Square
Microsoft has committed to a big chunk of space at 11 Times Square with the signing of a new lease for 200,000 square feet at the state-of-the-art, 1.1 million-square-foot office and retail skyscraper.