News
Ancestry.com, CLEARLINK Lease Office Space in Orem
By Alex Girda, Associate Editor In one of Utah County’s biggest recent Class A office leases, a pair tenants have taken a total of 54,000 square feet at Canyon River Office Park in Orem. As reported by utahbusiness.com, CLEARLINK and Ancestry.com have expanded to 727 North 1550 East, a four-story property. The transaction is a […]
CIM Group Acquires Beverly Hills Complex for $47.8M
By Alex Girda, Associate Editor
A noted Beverly Hills office property recently changed hands when CIM Group purchased the former headquarters of the William Morris talent agency from New York-based investment firm Brickman for $47.8 million, according to the Hollywood Reporter. […]
Whitestone REIT Purchases Dallas' Shops at Starwood
In its second acquisition of the month, Whitestone REIT has snapped up the Shops at Starwood in Frisco, Tex. The company shelled out $15.7 million in cash for the 55,400-square-foot suburban Dallas retail center.
Exclusive: 192 KSF El Segundo Triple-Net-Leased Office Sells for $45M
AG Net Lease Fund II, a vehicle of Angelo, Gordon & Co., has picked up a 192,053-square-foot office in the Los Angeles submarket of El Segundo for $45 million from Kilroy Realty Corp.
Equity Returns Fire in Archstone Battle
The newest development in the Equity Residential saga has been filed in court, as the company put forth a motion to intervene in the ongoing legal proceedings regarding the sale of an interest in Archstone.
Economy Watch: Pending Home Sales Spike
Pending home sales in the U.S. gained more in November than any other month since the tax credit of 2010. Initial jobless claims, while up slightly last week, are still trending downward. And Sears released its initial closure list of 79 stores.
Skanska Nabs $60M Renovation Contract in Pennsylvania
Skanska USA has reached an agreement on the Spring House research complex in Montgomery County, Pa., securing a $60 million contract from Janssen Research & Development L.L.C. to provide construction-management services.
Oak Grove Originates Fannie-Sponsored Financing Deal for Florida Apartment Portfolio
Oak Grove Capital has orchestrated financing for a three-property affordable housing portfolio in Southern Florida — owned by Banyan Realty — for $46.2 million through Fannie Mae’s Structured ARM product.
Industry Movers: New Hires and Promotions
Despite the holiday season, December has been busy for many firms — JLL, Transwestern and CBRE, among others — with some new hires and promotions to key positions.
The End of Big Box? Sears/Kmart Sites Face Mixed Futures
On the heels of Sears’ announcement that it will shutter between 100 and 120 stores, CRE industry experts wonder if locations larger than 100,000 square feet could be on the chopping block.