News
Manhattan Office Market Gains Momentum
By Veronica Grecu, Associate Editor
New York-based financial services company Morgan Stanley has a deal for almost 1.2 million square feet of space in One New York Plaza, a premier office building located in lower Manhattan at the intersection of South […]
Archstone Buys Land for New 378-Unit Apartment Community in Boca Raton
By Georgiana Mihaila, Associate Editor
Archstone plans to expand its South Florida presence by building a new 378-unit apartment community on a newly-acquired 5.78-acre development site in Boca Raton.
Situated within walking distance from the upscale, mixed-use Mizner Park in downtown Boca Raton, the apartment community will benefit from access to high-end shopping, dining and entertainment opportunities. […]
Alter Group to Develop Spec 606 KSF Industrial Asset in Phoenix
The Phoenix industrial market is growing hungry for large accommodations and The Alter Group plans to help satisfy users’ appetite with the construction of a 605,700-square-foot speculative warehouse/distribution facility at the real estate company’s Buckeye Logistics Center.
Villas at Cordova Fetches $19.3 Million
By Eliza Theiss, Associate Editor Villas at Cordova, an apartment home community in Cordova, Tenn., has been purchased by Los Angeles-based QVT Mount Auburn Capital LP for $19.3 million. Working under the name Memphis Villas LLC, the entity bought the property from GECMC 2006-C1 Prestine Loop LLC, an affiliate of special service lender LNR Properties […]
$20M Hospital for Anson County; $16M Expansion for Matthews Hospital
By Eliza Theiss, Associate Editor The healthcare industry continues to be one of the main drivers of economic development in the Charlotte area, and Carolinas HealthCare System’s recent string of expansions and upgrades is proof of this. This week, the nation’s second largest healthcare system announced plans to seek state permission for a $20 million […]
Quest for Growth Tops Agenda at NYU-Schack REIT Conference
Where is the growth in an age of uncertainty? Some of the industry’s most influential leaders wrestled with that timely question Thursday at the annual REIT conference organized by New York University’s Schack Institute of Real Estate.
Hicks Ventures Picks Up 141 KSF Across Two Houston Office Assets
Seeking a value-add opportunity in the hot Houston market, Hicks Ventures Ltd. has acquired two Class B office buildings in the area’s Energy Corridor with a total of 141,265 square feet from American Spectrum Realty Inc.
Bloodletting Continues as Grubb/NKF Merger Develops
In BCG’s takeover of Grubb & Ellis, it’s becoming clear that the new acquisition will be placed under the assets of Newmark Knight Frank, not alongside them, as the two companies join to create Newmark Grubb Knight Frank.
Economy Watch: Existing Home Sales Down
Existing-home sales dropped in March by 2.6 percent to an annualized rate of 4.5 million units. The Leading Economic Index rose by 0.3 percent in the same timeframe, despite weak data on jobs. And unemployment claims fell slightly, notching 2,000 fewer than in the previous week.
Hackman Capital, Calare Properties Purchase 448 KSF Manufacturing Site in Massachusetts
In a joint-venture purchase, Hackman Capital and Calare Properties have made their strong presence in the Massachusetts industrial market even stronger. The two recently acquired the former Evergreen Solar Plant, a 448,000-square-foot manufacturing facility in suburban Boston.