News
Amid Changes, Furloughs at Grubb, Healthcare REIT Picks up $112M Portfolio
Amid the process of furloughing a small percentage of its workforce, Grubb & Ellis is still seeing one of its vehicles — Grubb & Ellis Healthcare REIT II — purchase an eight-property medical-office portfolio for $112 million.
Private Players to Fund $1B Solar-Energy Initiative for Military Housing
SolarCity and Bank of America Merrill Lynch have agreed on financing terms for SolarStrong, SolarCity’s plan to build more than $1 billion in solar power projects for privatized U.S. military housing communities across the country over the next five years.
$51.5M Bronx Multi-Family Purchase Leads to Green Redevelopment
Global One Real Estate Fund, in conjunction with the New York Affordable Housing Preservation Fund, a joint venture between L+M Development Partners and Citibank, has bought Lafayette Boynton from AREA Property Partners for $51.5 million.
Economy Watch: Central-Bank Action Cheers Investors
The major-league central banks of the world cut the price of borrowing dollars to forestall a liquidity crisis. The Beige Book found a few spots of growth in an otherwise tepid economy. And ADP said the U.S. economy added 206,000 jobs in November.
Residential Developments Take Center Stage
By Alex Girda, Associate Editor
The Potrero Center is a large deal waiting to happen. The 227,000-square-foot shopping center has been listed for sale by current owner The Emerald Fund. The venture aims to sell the property by pitching the possibility […]
Positive Signs in Third Quarter Suggest Stronger 2012
By Camelia Bulea, Associate Editor
Signs of improvement exhibited during the third quarter suggest suggest a stable foundation for the San Antonio real estate market in 2012. At least that’s what commercial real estate services firm NAI REOC suggests.
This is despite some […]
Work Starts on $300M CityMarket at O Project
By Adrian Maties, Associate Editor
On Nov. 18, work finally began on the the $300 million CityMarket at O, a 1 million-square-foot mixed-use project in Washington, D.C.’s historic Shaw neighborhood. It is one of 14 U.S. infrastructure projects selected by the […]
W.P. Carey REIT Affiliate Pays $163M for Self-Storage Portfolio
Corporate Property Associates 17-Global Inc., a non-traded REIT affiliate of W.P. Carey & Co., has spent $163.4 million on a 42-property portfolio of self-storage facilities located in California, Illinois and Hawaii.
Suffolk Breaks Ground on $220M Boston Residential Tower
Suffolk Construction has been busy in Boston, breaking ground on the $220 million, 390,000-square-foot Millennium Place III residential tower in Downtown — its second groundbreaking project in two weeks.
A $76M Sale, a Possible Revival for D.C.’s Watergate
Penzance has just purchased its own slice of American history for the price of $76 million, picking up one of the two office towers in the iconic Washington, D.C.-based Watergate complex.