News
Economy Watch: Housing Starts Dip; E-Commerce, Unemployment Up
Housing starts dropped. E-commerce, on the other hand, continues to flourish despite the downward economy. Unemployment rose slightly.
Premier Park City Ranch Slated for Sept. 14 Auction
By Alex Girda, Associate Editor A premier 214-acre Park City residential property is set for a Sept. 14 date with the auctioneer. Located near Park City along a half-mile stretch of the Weber River, RiverBend Ranch was originally priced at $29 million, according to Concierge Auctions. The property features fenced pastures, trails and hillside ranges, […]
Westport Capital Buys 220,000-SF Suburban Phoenix CRE Portfolio
Westport Capital Partners bought the Agave Center in Tempe, Ariz., with plans to increase leasing.
MSC Industrial Plans $55M Facility Near Bolton Field
MSC Industrial Direct plans to build a 400,000-square-foot distribution center on a 70-acre parcel north of Bolton Field, on Columbus’ West Side. The facility will be Melville, N.Y.-based MSC’s fifth in the U.S., and will help support the company’s growth strategy and maintain its signature service model.
Pantzer Grabs M-F High-Rise in Metro D.C. for $168M
Panzter Properties has bought an 891-unit high-rise complex in Silver Spring, Md., for $168 million.
Update: Transfer of Cousins' Unit to C&W Good Move for Both Firms
Cushman & Wakefield’s acquisition of Cousins Properties third-party Client Services Group, located in Atlanta and Dallas, is a strategic move for both companies.
Economy Watch: Housing Market Up; Inventory Down; No Inflation
The Housing Market Index increased by 2 points. National for-sale inventory remains at historic lows. And inflation is currently at a standstill, despite predictions of the drought spiking up food and energy prices.
ICSC, JLL Findings: Retail Investment Globalizing
By Anna Spiewak, News Editor: The International Council of Shopping Centers and Jones Lang LaSalle Inc. issued a study showing that retail real estate is steadily going more global, as investors look for a yield in a post-Great Recession and recovery market.
Sabal Buys $121.5M in CRE Loans
Sabal Financial Group, L.P. has acquired a$121.5-million portfolio from a bank that includes 44 loans and properties in seven different states.
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