News
Former Grubb CEO Thomas D’Arcy Named Chief at American Realty Capital Trust
Could Grubb & Ellis 2.0 be shaping up under the American Realty Capital umbrella?
LNR Partners Sells 399-Unit Multi-Family Asset to Weidner for $36M
By Alex Girda, Associate Editor In a $36 million deal, Weidner Investment Services has acquired the Apartments at Steele Park from an affiliate of LNR Partners L.L.C. Weidner paid a per-unit rate of $90,395 for the 399-unit complex located at 411 East Indian School Rd., the Phoenix Business Journal reported. Cassidy Turley BRE Commercial executive vice […]
Investment
(national cap rate performance based on properties and portfolios of $5 million and greater)
Trammell Crow, One Liberty Plan Two Class A Office Towers for Plano Business Park
Trammell Crow Co. and a subsidiary of One Liberty Properties Inc. are about to add more than a half-million square feet of premier space to the suburban Dallas office market.
Exclusive: JLL Launches Real-Time PortfolioCommand Offering
Jones Lang LaSalle Inc. now has a new weapon in its arsenal: its new PortfolioCommand offering, to be launched today.
FTC Approves CoStar’s Acquisition of LoopNet—with Conditions
Last week’s announcement that the Federal Trade Commission had approved CoStar Group’s acquisition of LoopNet Inc. brings to fruition—almost a year to the day later—a much-noted transaction that also contains the seeds of further change not far down the road.
Economy Watch: Public Spending Dents GDP; Apartment Market Improves; Consumer Sentiment Gains
Overall growth for the U.S. economy was middling during the first quarter, with expansion coming in at a 2.2 percent annualized rate, while the National Multi Housing Council reported last week in its Quarterly Survey of Apartment Market Conditions that things are still improving for the apartment industry. U.S. consumer sentiment was up a bit in April, to the highest level in a year.
Redeveloping the Broad Street – Washington Avenue Corridor
By Eliza Theiss, Associate Editor Redevelopment, revitalization, rebuilding are the three big Rs of the Crescent City, and with the many scars left behind by Katrina, it’s no wonder. And areas with thousands upon thousands of lots left blighted and abandoned still offer plenty of opportunities for those willing to rebuild and bring back life to […]
H-E-B Opens its Largest SA Store
By Camelia Bulea, Associate Editor H-E-B’s new largest store is located in the San Antonio area’s busiest market for new-home building, at Bandera Road and Loop 1604. It measures 182,000 square feet and is the company’s 10th H-E-B Plus. The Plus store is adjacent to an older H-E-B store, which the company will lease out. […]