News
Suburban Philly, Oklahoma City Retail Assets Totaling 777 KSF Reel in $103M
Not all commercial real estate investors are in a San Francisco, Washington, D.C., or New York state of mind. Premier assets in non-premier locations like Deptford Landing in Deptford, N.J., and The Shops at Moore in Oklahoma City, Okla., have moved up higher on buyers’ radar.
The Right Direction
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
Low Gear
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
Industrial Endurance
By Rene Circ The market has seen two years of demand following a very significant downturn, with interest widespread across the country but primarily concentrated in large distribution markets and especially in modern logistics buildings. But the annual numbers are deceiving: Quarterly performance has been less consistent. In fact, net absorption in the first quarter of 2012 neared recession territory. Nonetheless, the national industrial real estate market has been recovering at a faster rate than the headline net absorption numbers would suggest. The lack of new supply, a rare event for industrial, has been of great help. In fact, in…
Local Investors Purchase 190 KSF Building in Dallas’ Historic West End
A group of local investors headed by Slingshot Advertising CEO Owen Hannay has acquired 501 Elm Place, an approximately 190,000-square-foot landmark building in the heart of Dallas’ West End District, from a German investor group represented by International Capital.
Blue Rock Grabs $66M M-F Portfolio in Fla.
Blue Rock Partners in a JV with Konover South continues to boost its multi-family holdings with the acquisition of a three-community portfolio consisting of 1,218 units in Florida for $66 million.
Economy Watch: New Home Sales Rise in November; Consumer Confidence, Unemployment Claims Dip in December
The rate of new-home sales has risen 4.4 percent month over month. Consumer confidence took a nose dive in December, due to apprehension in the months ahead. And initial unemployment claims decreased week over week.
$78M Refinancing Deal Secured for M-U West Hollywood Property
For the refinancing of the right properties in the right locations, lenders made loans left and right this year, and The Sunset in West Hollywood, Calif., is among the assets to benefit from the favorable financing opportunities.