News
Economy Watch Weekly: Economic Indicators
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Aug. 17.
Banyan Secures $20.9M for Purchase of Ft. Lauderdale Office Building
Banyan Street Capital has gained financing for the purchase of a Tower office building in Ft. Lauderdale’s central business district.
Fortinet Acquires Facility Potentially Groomed for New HQ
By Alex Girda, Associate Editor A company dealing with national and international network security is set to expand after a recent property purchase in Sunnyvale. Fortinet Inc. is the new owner of 164,099 square feet of space at 895 Kifer Rd. on a 10-acre lot. The California-based tech company acquired the facility for a total […]
Sears Crosstown Building to Be Reborn, Uplift Neighborhood
Crosstown LLC, developer and current owner of the historic Sears Crosstown Building in Center City, has announced via a press release the signing of individual memorandums of understanding with nine founding partners
Breaking News: Health Care REIT Enters into Final Agreement to Buy Sunrise Senior Living
Health Care REIT became one of the world’s largest owners of seniors housing after entering into a definitive agreement to buy the outstanding common stock of Sunrise Senior Living.
Tishman Speyer Plans to Sell 31-Story Office Tower in Downtown Chicago
By Gabriel Circiog, Associate Editor Tishman Speyer Properties LP is planning to take advantage of Chicago’s strong downtown office investment market and has decided to put up for sale a West Loop office tower, ChicagoRealEstateDaily.com reports. The 31-story office building, located at 125 South Wacker Dr., was acquired by Tishman in December 2004 for $44 […]
Construction Underway on Transit-Oriented Affordable Housing Project
By Gabriel Circiog, Associate Editor The Urban Land Conservancy and Medici Communities LLC broke ground on a new affordable housing project using Denver’s Transit-Oriented Development Fund. Located at the Evans Light Rail Station in south Denver, the Evans Station Lofts will bring 50 new affordable rentals to the Denver market. The TOD Fund was used […]
IndCor Secures 343,500-SF Expansion Lease in NJ Industrial Property
IndCor purchased an industrial facility last year and now has secured a lease from Argix to occupy the building’s entire space.
JLL Completes 96,350-SF Deal for Perry Ellis in 1120 Avenue of the Americas
Perry Ellis will lease a Class A space in New York City’s famous 1120 Avenue of the Americas building to give the designer label more open space for its menswear collection.
Economy Watch: Euro Rumors Move Euro Market; More GSE Rules; Philly Coincident Indexes Weak
Rumor has it that ECB will begin buying bonds of the currency bloc’s weaker nations to prevent a zone meltdown. FHFA presented more new guidelines changing how business is done in terms of Fannie and Freddie loans. Philly’s Coincident Indexes remain not particularly strong.