News
CME Group to Sell Two Towers at Board of Trade
By Gabriel Circiog, Associate Editor
A joint venture led by Chicago developer GlenStar Properties, which also includes San Antonio-based USAA Real Estate Co., is in the process of acquiring two Chicago Board of Trade towers from CME Group Inc., ChicagoRealEstateDaily.com reports. […]
HFF Arranges $85M Refi on 22-Property, 3 MSF Portfolio
An affiliate of a real estate fund managed by Oaktree Capital Management and Cohen Asset Management tapped Holliday Fenoglio Fowler to orchestrate a $85 million refinancing for a 22-property portfolio.
Parkway Properties Takes Tempe’s Hayden Ferry Lakeside II for $86M
The 12-story, Class A Hayden Ferry Lakeside II office building has just sold for $86 million to an affiliate of Parkway Properties Inc., which also owns the adjacent Hayden Ferry Lakeside I building.
Sterling, Specialized Partner on 1,232-Bed Project at University of Arkansas
Sterling University Housing has partnered with Specialized Real Estate Group to construct two student-housing developments — totaling 1,232 bedrooms — near the campus of the University of Arkansas-Fayetteville.
Special Report: Bernanke Cites Availability of Capital as Constraint on Housing, Economic Recovery
Addressing the National Association of Home Builders, Federal Reserve Chairman Ben Bernanke acknowledged the critical role the single-family sector plays in the economic recovery, and said that the troubles in the single family industry resulted in part from constricted financing availability.
Economy Watch: Retail Sales See January Increase
Retail sales, including those from department stores and gas stations, were up in January. The Volker Rule’s deadline for public comment passed, and quite a bit of commentary was submitted to the SEC. UCLA’s Pulse of Commerce Index dropped in January, contrary to most other indices.
Pillar Pays $45M for Apartment Complex; Archway Takes 3 MOBs
By Alex Girda, Associate Editor
The Phoenix multi-family market has recorded its latest major trade with Pillar Communities’ acquisition of the San Portella apartment complex in Tempe. The 308-unit residential complex traded for a total of $45.1 million or $146,428 per […]
Makeover at 680 Folsom Reels In Riverbed for 168,000 SF Lease
By Alex Girda, Associate Editor
San Francisco is angling for the informal title of innovation capital of the world, to use Mayor Ed Lee’s phrase, and a major lease in the South of Market district is giving the mayor a new […]
Container Store, Arts District Venue Set Spring Debuts
By Alex Girda, Associate Editor
A new retail player is placing bets on the Las Vegas Strip. Town Square Las Vegas will be among six new locations in the U.S. where The Container Store plans to debut this year, the retailer […]
Landmark Properties, Harrison Street Begin Building 774-Bed Student-Housing Development
When the time comes for University of Arizona students in Tucson to hit the books for the fall 2013 semester, they will have a new off-campus option in the form of the Retreat at Tucson.