News
W3 JV Acquires Sunpower Occupied Property in San Jose
A JV of W3 Partners and Ridge Capital Partners has purchased a three-building Class A office complex in the third largest city in California.
Sunnyvale Set to Steal Tenants from Neighboring Submarkets; Legacy Pounces on Development Opportunity
By Alex Girda, Associate Editor The improving office market in Silicon Valley is making its effects known, as landlords and developers scramble to get as much space as possible while the spike lasts. Yet while the area is set to continue to generate interest due to the presence of giants such as Facebook and Google, […]
Berkeley Point Capital Arranges $75M for Refinance of M-F Apartment Communities in D.C.
Berkeley Point Capital arranged for the refinance of a 1,072-unit, Class B apartment complex located in Washington D.C.’s Mount Pleasant neighborhood.
Economy Watch: Housing Market Optimism Rising; Housing Shadow Inventory, Employment Index Shrink
The housing market optimism continues to grow nationally. At the same time, the U.S. residential shadow inventory continues to drop. The Conference Board’s Employment Trends Index decreased again in September.
LEED Silver Certification for Airways Transit Center
The U.S. Green Building Council recently awarded the Leadership in Energy and Environmental Design (LEED) Silver Certification to the Memphis Area Transit Authority’s (MATA) Airways Transit Center.
EXPO REAL Special Report: Despite Financial Crisis, 31 Countries Attend CRE Fair in Germany
Myriad exhibitors attended the Expo Real 2012 International Trade Fair for Commercial Property and Investment, held at Messe München International in Munich. CPE international correspondent Gabriel Circiog reports on the happenings of Day 1 during the three-day expo currently taking place.
Clarion Grabs 120 KSF Beverly Hills Office Building for $80M
Clarion Partners has bought a premier asset, a Class A office building with a full tenant roster at 100 N. Crescent Drive.
Amazon’s HQ in Seattle Sold to — Surprise! — Amazon for $1B
Vulcan Real Estate sold 11 office buildings to Amazon totaling 2 million square feet in the South Lake Union neighborhood.
BIG USA, M&J Wilkow Acquire Interest in 1 MSF Pittsburgh Shopping Center
BIG Shopping Centers USA and M&J Wilkow teamed up to buy 765,000 square feet of a million-square foot shopping center in Pa.
Economy Watch: IMF Scales Back World Growth Predictions; ESM Comes Alive; BLS Responds to Welch Tweet
In its most recent prediction, the International Monetary Fund said it expects the economy to grow at a slower pace than initially expected. The European Stability Mechanism has formally become active. The Bureau of Labor Statistics mocks business tycoon Jack Welch for saying the drop in unemployment to 7.8 percent was rigged.