News
Bozzuto Breaks Ground on $72M Mixed-Use Project in Fells Point
By Adrian Maties, Associate Editor
The Bozzuto Group broke ground last Tuesday, December 13, on a $72 million residential and retail waterfront development located at the intersection of Thames and South Wolfe Streets. The Union Wharf project will bring 281 upscale […]
LNR Property Buys Memphis Multifamily for $17.1M; IberiaBank Opens New HQ on Poplar Ave.
By Amalia Otet, Associate Editor
An entity affiliated with LNR Property LLC, a market leader in commercial property development headquartered in Miami Beach, Fla., recently acquired an Oakwood temporary housing apartment complex, a 252-unit community located at 7455 Wolf River Blvd. […]
Dees Stribling's Economy Watch Weekly
U.S. consumers aren’t opening their wallets quite as much as retailers thought, and Europe sinks back into a debt funk. CPE‘s economic analyst Dees Stribling gives his podcast for the week ending Dec. 16, 2011.
NYC's Mercedes House Gets $229M in Financing
Thanks to Wells Fargo and JPMorgan Chase, Two Trees Management Co. now has a $229 million construction-financing package to commence the 850-unit second phase of the gargantuan Mercedes House complex on Manhattan’s Far West Side.
JLL Wins 3.6 MSF Management Portfolio from Equity Office Properties
JLL is now looking at 3.6 million square feet of property management and leasing responsibilities within Equity Office Property Trust’s portfolio across Florida, Illinois and Georgia.
Iron Gate Makes $106.5M M-F Pickup in Atlanta
The investment side of the Atlanta apartment scene continues to grow in volume, and the latest transaction is Iron Gate Realty Partners picking up the city’s Villas portfolio for $106.5 million from Davis Development.
LNR Land Buy Paves Way for SouthField Development
LNR has finalized a deal on 830 acres of land, which gives the company the final piece of property earmarked for the planned $2.5 billion SouthField development near Boston.
Economy Watch: Foreclosures Edge Down in November, PPI Up
RealtyTrac reported that U.S. foreclosure filings were down 3 percent in November, but the BLS found that the Producer Price Index for finished goods advanced 0.3 percent in the same timeframe. And during the week ending Dec. 10, initial unemployment claims were down 19,000 from the previous week.
Hines Takes Fisher Plaza for $160M; Is Interbay the Next Big Thing?
By Alex Girda, Associate Editor
Hines is in line to acquire Fisher Plaza complex from owner Fisher Communications in a $160 million deal, the Seattle Times disclosed. The seller will stay on as the largest tenant at the 300,000-square-foot property. Located near […]
Hudson Pacific Goes Hollywood, Pays $92.5M for Office Asset
By Alex Girda, Associate Editor
CIM Group, a specialist in investing in and developing urban properties, has sold its Hollywood Boulevard headquarters to Hudson Pacific Properties Inc. Hudson Pacific bought the 12-story office building at 6922 Hollywood Boulevard for $92.5 million, the Los Angeles […]