News
Laramar Group to Buy Historic Belden-Stratford; Prudential Acquires 439,434-Square-Foot Office Tower
By Gabriel Circiog, Associate Editor
The landmark Belden-Stratford, overlooking Lincoln Park, is being acquired by Laramar Group for nearly $60 million. ChicagoRealEstateDaily.com reports the 297-unit apartment hotel, located at 2300 Lincoln Park West, was bought from an affiliate of IRMCO Properties […]
Five Major Projects to Change the Face of Austin Downtown
By Camelia Bulea, Associate Editor
Five major projects, delayed for two years due to financing problems, are slated to break ground next year at the former Seaholm Power Plant and the site of the former Green Water Treatment Plant. The projects, […]
Blackstone’s Jonathan Gray Tops CPE Awards as Executive of the Year
Jonathan Gray took away top honors in this year’s CPE Executive of the Year awards, leading an impressive line-up of smart executives that have managed to thrive in the face of historic economic volatility.
Week in Review: Industry Moves and Hires
This week has seen four major hires: David Morrison as global head of strategy at CBRE-GI; Javier Rosenberg as Radisson COO and Carlson EVP; John Gavin as principal with Sterling Bay; and Mark Wanic as Cushman’s head of occupier services in the Americas.
Economy Watch: Employment Continues Its Slow Recovery in November
The BLS reported this morning that the U.S. economy added 120,000 jobs in November. The Census Bureau reported that construction spending edged up 0.8 percent in October. And Massachusetts is suing the five biggest mortgage companies in the country over questionable foreclosure practices.
L&B Nabs Chicago Apartment Tower for $90M
L&B Realty Advisors has made another pickup in the Chicago market with the $90 million purchase of 77 West Huron, a 25-story luxury high-rise building, from previous owner Archstone.
In Depth: Lance Capital's Creative Financing Drives Brooklyn's 470 Vanderbilt Lease
While the ink has cooled on the lease signing at Brooklyn’s 470 Vanderbilt project, CPE was able to sit down with Lance Capital to see how creative financing terms pushed the deal through with the anchor tenant, the New York City Human Resources Administration.
Prologis Signs Tenant for 303 KSF at Phoenix Industrial Distribution Facility
Prologis has secured discount fashion retailer TJ Maxx as a tenant to occupy the entirety of Prologis Tolleson Distribution Center 1, a 302,600-square-foot facility in metropolitan Phoenix.
Avaya Signs 275 KSF Lease for Santa Clara Office
Harvest Properties and Prudential Real Estate Investors have snagged a tenant for nearly half of the Towers at Great America in Santa Clara, Calif., as Avaya, a global business-communications firm, has signed a lease for 275,200 square feet.
Golub, Mercy Housing Win Transbay Project
By Alex Girda, Associate Editor
An important Bay Area contract has gone to the joint venture created by Golub & Co. and Mercy Housing. The sale of the property, for construction of a Folsom Street housing complex in the Transbay District, […]