News
Rockrose Development Spends $120M on Downtown D.C. Office Building
Continuing the trend of Washington, D.C., office transactions, Rockrose Development Corp. has picked up the building at 1776 Eye Street, N.W., a class A office structure totaling 224,666 square feet, for $119.7 million.
Apple Inc. Doubles Presence in Austin with $304 Million Campus
By Camelia Bulea, Associate Editor
Apple Inc. has announced the building of a new $304 million campus and a subsequent doubling of the number of employees it has in Austin, adding another 3,600 jobs on top of an existing 3,500, according […]
Savanna, Panzer Partner to Close $196M Multi-Family Transaction on Long Island
With the finalization of a $196 million transaction, Savanna has become a partner with Pantzer Properties in the ownership of Atlantic Point, a 795-residence multi-family community in Bellport, N.Y., on Long Island.
Kennedy Wilson, Fairfax JV on $365M European Investment Platform
Kennedy Wilson and Fairfax Financial Holdings Ltd. continue to eye commercial real estate opportunities in Europe together, this time forming a $365 million partnership to seek assets, including loans and real property.
DivcoWest Makes $71M Office Buy in Cambridge
DivcoWest has spent $79 million on The Davenport, a 220,000-square-foot Class A office property in Cambridge, Mass. The firm picked up the property from a client of AEW Capital Management.
Economy Watch: Americans Hit the Stores in February
Retailers had a good month in February, as Americans were out shopping in force. The FOMC is standing on the current, extremely low interest rate. And 15 of 19 banks passed their stress tests.
Ralcorp Signs 175 KSF Lease at Bank of America Plaza in St. Louis
Private-label foods producer Ralcorp has signed a 175,000-square-foot lease at St. Louis’ Bank of America plaza, an agreement that includes a 57,000-square-foot expansion.
Exclusive: JLL Expands Operations with Fourth Office in Mexico
Commercial real estate in Mexico is heating up and Jones Lang LaSalle Inc. is expanding its presence in the country with the opening of an office in Guadalajara in the state of Jalisco.
Exclusive: Cushman's CEO Sees Slow Start, Strong Finish for Global Market in 2012
The moderately upbeat projection of services firm Cushman & Wakefield Inc. paints a global real estate picture that is on track to brighten by the second half of 2012, according to the company’s CEO, Glenn Rufrano.
Ranieri, Ross Complete Acquisition of Renamed Deutsche Bank Berkshire Mortgage
Ranieri Real Estate Partners L.P. and private equity funds affiliated with WL Ross & Co. L.L.C. have completed their acquisition of Deutsche Bank Berkshire Mortgage, formerly a subsidiary of Deutsche Bank.