News
Eastern Market Redevelopment Starts with Shed 5
By Veronica Grecu, Associate Editor
Work on a new redevelopment project in Detroit’s historic Eastern Market has begun with the renovation of Shed 5, the northernmost enclosed shed in the market and the core of the market. The $3.9 million upgrade […]
JV Acquires Walt Disney World Royal Plaza Hotel
By Georgiana Mihaila, Associate Editor
The Royal Plaza Hotel near the Downtown Disney area of Walt Disney World has recently changed owners; the buyer of the 394-room hotel is a joint venture between Weston, Florida-based InSite Group and London-based Cube Capital. […]
MetLife Inc. Acquires EnV 294-Unit Luxury Apartment Tower
By Gabriel Circiog, Associate Editor
MetLife Inc., through a subsidiary, has purchased EnV, a luxury multifamily property in Chicago’s River North neighborhood. The 29-story high rise was acquired from LYND Development Partners, the developer of the tower. CBRE’s Chicago office, on […]
Two Area Cushman & Wakefield Execs Report ‘Best Month’ in 20 Years
By Gabriel Circiog, Associate Editor
Tim Richey and Mike Winn, both vice chairmen with Cushman & Wakefield, were two of the top investment brokers in the Denver commercial real estate market in 2011 and they finished the year strong as they […]
Nine-Property Seattle M-F Portfolio Gets $155M Freddie Refi
Financing to the tune of $155.3 million has been put in place for a 2,184-unit apartment portfolio in metropolitan Seattle by CBRE on behalf of owners Holland Partner Group and Invesco.
Jones Lang LaSalle Named Preferred Global RE Services Provider for Volvo
Under a global framework agreement signed by both companies, Volvo Cars Corp. has chosen Jones Lang LaSalle as its preferred real estate services provider worldwide.
Newmark Knight Frank Takes More Than 900 KSF of Atlanta Industrial Leasing
Newmark Knight Frank has been tapped to provide leasing services for a 900,000-square-foot industrial flex portfolio near Atlanta, Commercial Property Executive has learned.
Economy Watch: World Bank Cuts World Growth Forecast
The World Bank revised its growth forecast for the world’s economy to just 2.5 percent in 2012. The FDIC proposed new rules that would include stress tests for banks holding between $10 billion and $50 billion. And U.S. consumer-loan defaults rose in December.
San Diego Multi-Family Picked Up by Invesco
Monarch at Shadowridge, a 314-residence apartment community has changed hands in what Jones Lang LaSalle Capital Markets, the real estate services firm that represented the seller, describes as the one and only trade of a Class A apartment property in San Diego County in 2011.
Mitsui Fudosan Takes 80% Stake in D.C.'s Homer Building for $252M
Mitsui Fudosan America Inc. has completed the acquisition of an 80 percent interest in The Homer Building, a premier office property just blocks from the White House in Washington, D.C.