News
Manulife Enters NYC Office Market with $285M Jersey City Buy
Manulife Real Estate has picked up the 30-story, 748,000-square-foot 10 Exchange Place in Jersey City for $285 million from Atlanta-based Invesco.
CBRE Sells Jersey’s Met Center to KBS REIT Affiliate for $105M
CBRE Group Inc. has sold the 421,000-square-foot Metropolitan Center in East Rutherford, N.J. for $104.9 million to an affiliate of KBS Real Estate Investment Trust II.
Economy Watch: Led by Multi-Family, Residential Starts Spike in November
The U.S. Census Bureau reported that housing starts increased by 9.3 percent in November. As expected, the House declined to play ball with the Senate on the payroll tax cut. And investors seem optimistic about the euro — for now.
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Prologis Contributes $293M to Mexican Industrial Portfolio
Prologis continues to make big moves in Mexico with the contribution of a $293 million portfolio of industrial properties to Prologis Mexico Fondo Logistico, its Mexican co-investment venture.
Exclusive: Cushman's 12 Retail Predictions for '12
Cushman & Wakefield’s retail report being released tomorrow will contain both good and bad findings on the sector. U.S. retail head Matt Winn offers CPE an exclusive advance look.
HFF Arranges Funding for Boston-Area Mall, Houston Hotel
In separate transactions, Holliday Fenoglio Fowler has secured refinancing for two properties: a regional mall in suburban Boston and a boutique hotel in Houston.
Economy Watch: House Postpones Payroll Tax Cut Vote
The Senate passed the payroll tax cut and dropped the bill in the House’s lap. Homebuilder confidence is up for the third consecutive month, but it’s still anemic. And the U.K. looks like it will decline a 31 billion euro loan request.
Midtown Opportunities Acquires 22 Acres of Land in Midtown Miami
Construction activity is on the upswing in Miami, and Midtown Opportunities L.L.C. has just purchased 22 acres to play with at the 56-acre Midtown Miami development.
First Wind to Develop Hawaii’s Largest Wind Farm
By Liviu Oltean, Associate Editor
First Wind and Hawaiian Electric Co. recently received approval from the Hawaii Public Utilities Commission to develop the largest wind farm project in the state, the Pacific Business News reports.
The Kawailoa Wind Farm will be developed […]