News
Economy Watch: Retail Sales See Christmas Boost
The unofficial numbers indicate that, on the whole, retailers did well this holiday. An AP survey of economists show that most think 2012 will be better than 2011, but only slightly. Yields on six-month Italian debt dropped to 3.2 percent.
Newmark Knight Frank to Lease, Manage 2 MSF NYC Office Portfolio
Newmark Knight Frank just added 2 million square feet of responsibilities to its plate. The real estate services firm has won a leasing and management assignment for a 19-property Manhattan office portfolio owned by The Rosen Group Inc.
Greyrock Ridge and Bee Cave Housing Projects Closer to Reality
By Camelia Bulea, Associate Editor
A preliminary plan for a 177-acre residential development recently received the green light from city and county officials. The project, named Greyrock Ridge, will be developed in an environmentally sensitive area, partly located within Austin’s city […]
Loan Modification for CityPlace, Refinancing Arranged for Gateway Centre
By Georgiana Mihaila, Associate Editor
The CityPlace mixed-use center managed to dodge foreclosure as Stephen Ross—owner of the Miami Dolphins—agreed to a modified mortgage. According to the South Florida Business Journal, back in September, a commercial mortgage-backed securities trust with Miami […]
421,900-SF Suburban D.C. Office Complex Trades for $125.7M
Centerpointe I & II, a Class A office property in Fairfax, Va., has come the ownership of Carr Properties Income Trust, courtesy of a transaction valued at $125.7 million, including $3 million of closing-cost credits for capital improvements.
Ventas Purchases Cogdell, CEO Sees "Increased Demand" for Medical-Office Buildings
In a deal that was pegged at $4.25 per share in a cash transaction, Ventas Inc. has acquired Cogdell Spencer Inc. and its 72 medical-office buildings around the country for what will aggregate to approximately $760 million to $770 million.
Economy Watch: Home Prices Edge Down
In October, 19 out of 20 markets saw home prices decline. But despite the sluggish market, consumer confidence is on the rise. Sears Holdings, after a lackluster holiday season, will be closing approximately 120 stores.
Trepp: Banking Industry To Be Slow Going in 2012
The banking industry should not hold its breath for a rollicking good time in 2012, as indicated by Trepp’s 2012 U.S. Banking Sector Outlook.
Minneapolis Downtown Council Unveils Downtown 2025 Plan
By Gabriel Circiog, Associate Editor
The Minneapolis Downtown Council has unveiled an ambitious 15-year plan for the city’s central business district. Finance & Commerce reports that the plans, which will include the new Vikings stadium near Target Field, are worth around […]
Partnership Gains Alamo Colleges 40,000-SF Building Plus Land
By Camelia Bulea, Associate Editor
A new partnership deed between Port San Antonio and Alamo Colleges is intended to expand educational programs in aerospace technology in the region. According to the partnership, Alamo Colleges will receive from Port San Antonio a […]