News
KDC, Estein Plan 400 KSF Office Tower for Downtown Dallas
KDC Real Estate Developments and Investments, in a partnership with Orlando-based Estein & Associates, has announced its plans to develop a 400,000-square-foot, 23-story office tower in Downtown Dallas.
Economy Watch: Homebuilding Sees Uptick in January
New-home construction gained 1.5 percent in January over December, according to the Census Bureau, but RealtyTrac found that foreclosures were up 3 percent in the same period. Weekly unemployment claims dropped to a four-year low.
Healthcare Trust Acquires 203 KSF Medical Office Building in Michigan
Healthcare Trust of America Inc. expands its presence to 26 states with the $51.3 million acquisition of a 203,000-square-foot medical office building sited on a 200-acre medical campus 30 miles outside of Detroit in Novi, Mich.
Video Recap: State of the Industry from MBA CREF
Members of Jones Lang LaSalle Inc.’s executive team discuss industry trends from the Mortgage Bankers Association’s Commercial Real Estate Finance/Multi-Family Housing Convention & Expo 2012 that concluded last week in Atlanta.
JLL to Handle Leasing Efforts for 510 KSF California Office Complex
LNR Property L.L.C., the owner of Warner Center IV in Woodland Hills, Calif., has tapped services firm Jones Lang LaSalle Inc. to lease the 509,923-square-foot Class A office complex.
Fountain, Crosswind to Build Dallas-Area Student Housing
Fountain Residential Partners of Dallas, in association with Crosswind Development Partners, plans to break ground this spring on a luxury 139-unit, 427-bed student-housing community adjacent to the University of North Texas in Denton. The 33 North project is scheduled for completion in fall 2013.
Economy Watch: Home Builders, Manufacturers Perking Up
Home-builder confidence rose for the fifth consecutive month, reaching its highest level in four years. Manufacturing indices, too, are up. And the Fed reiterated its commitment to rock-bottom interest rates at least through the end of 2014.
Empire State to Become REIT? Plans $1B IPO
Malkin Holdings L.L.C., supervisor of Empire State Building Associates L.L.C., owner of the world-renowned Empire State Building in Manhattan, has gotten everyone’s attention with the revelation — in documents filed with the Securities and Exchange Commission — that ESB Associates plans to become a REIT.
Divco West Acquires Pointe I and II for $53M; Pioneer Green Raises $11M
By Camelia Bulea, Associate Editor
Divco West Acquisitions LLC recently acquired two Class A office buildings in Austin, totaling about 261,243 square feet. The transaction includes Prominent Pointe I and II, which were sold for $53 million. Austin-based Aquila Commerical arranged […]
Carmel Companies Sells Denver Multifamily Properties for $275 Million
By Gabriel Circiog, Associate Editor
Denver-based Carmel Companies proceeded to sell $275 million worth of multifamily properties over the last few weeks. The apartment management company, founded in 1965 by Kal Zeff, had retained CBRE as an exclusive adviser for the […]