News
Arcturus, Avenue Capital Purchase 450 KSF Lifestyle Center in Anaheim
A joint venture of Arcturus and Avenue Capital has acquired Anaheim GardenWalk, a premier lifestyle center in Southern California.
Avison Young Acquires New Jersey-Based Walsh Co.
Canada’s largest independently owned commercial real estate services company has bought New Jersey-based project management service firm, The Walsh Co. led by two brothers.
Exclusive: Sharp to Head JLL Corporate Solutions
Doug Sharp has been tapped as president of Jones Lang Lasalle’s Americas Corporate Solutions business. Enclosed is a video of the new JLL president discussing efficiency and change in productivity.
Economy Watch: Apartment Vacancies, Absorption, U.S. Births Dip; Jobs Grow Moderately
Both apartment vacancies and net absorption were sluggish in the third quarter. The number of births in the country has dropped, indicating the economy as a possible cause. Job growth, on the other hand, seems to be picking up.
Meridian Building Sold for $60M
Another major office transaction has rippled across the Columbia market. Hot on the heels of Bank of America Plaza’s sale comes the trading of another major office building in the city’s downtown area
Clarion Enhances Presence in UK with New London Office
After undergoing a management buyout last year, Clarion Partners continues its expansion by opening an office in London and naming Jeroen Verheijden as the new senior vice president.
Joint Venture Acquires 278-unit Class A High-Rise Apartment Building in South Loop
American Realty Advisors, in a joint venture with Naperville, Ill.-based Marquette Companies and Hunt Companies Inc., has acquired a 278-unit Class A high-rise apartment building in Chicago’s South Loop submarket.
Bellwether Enterprise Provides $75M in Loans for Seven Properties
The multi-family commercial banking subsidiary of Enterprise Community Investment provided a loan to a Cincinnati-based owner for the refinancing of seven garden-style apartment properties.
Griffin-American Healthcare REIT Acquires Six Buildings for $109M
The healthcare REIT’s addition of the latest six buildings brings its total portfolio value to approximately $1 billion, based on the amount paid for the 121 buildings in 26 states.
Economy Watch: Home Prices Jump; Office Vacancies Dip; Slow Increase in Holiday Sales
Home prices nationwide have gone up. U.S. office vacancies, on the other hand, have dropped. Christmas shopping is predicted to be less lavish this year, due to consumer anxiety because of the state of the current economy.