News
Avison Young Opens Vegas Office
The largest independently owned commercial real estate services company in Canada is about to grow even larger, as Avison Young has just opened a Las Vegas office with Joseph Kupiec at the helm.
Industry Movers: Promotions and Hirings
The CRE industry continues to grow and evolve, and Newcastle, SRS, Wilson and Aardex have all made some personnel changes of late.
Economy Watch: The Latest Monster From the Closet: The Euro-Contagion
If one or more major euro-zone economies default, the U.S. is sure to take a hit, Fitch said. Homebuilder confidence rose slightly in November. And the CPI dropped in October, mostly due to energy prices.
SL Green to Sell 1.4 MSF Long Island City Office for $476M
SL Green has entered into a deal to sell One Court Square, a 1.4 million-square-foot office complex in Long Island City in Queens, N.Y., to a private-investor group for $476 million.
Bell Partners Sells Apartments to Trade Street at a 43% Discount
By Liviu Oltean, Associate Editor
Bell Partners of Greensboro has sold the Beckanna Apartments on Glenwood Avenue for $9.35 million.
The eight-story building was purchased by a subsidiary of Trade Street Capital of Aventura, the Triangle Business Journal reports. Trade Street Capital […]
PMC Property Bids to Redevelop the John C. Robin Civic Building
By Liviu Oltean, Associate Editor
PMC Property Group is hoping the Urban Redevelopment Authority (URA) will vote to grant it the development rights to the John C. Robin Civic building.
The Pittsburgh Business Times reports that PMC was recommended over two other […]
Condominium Project to Break Ground in Waikiki
By Liviu Oltean, Associate Editor
Kaioo Drive will be home to a new condominium project, the Cove Waikiki. The project, which will break ground in March 2012, has been in the design phase for over three years.
According to Pacific Business News, the complex […]
Seattle’s Power and Prestige Grow, Yet Pitfalls Could Await
By Alex Girda, Associate Editor
Even as investors continue to covet core assets in markets like Manhattan, San Francisco and Washington, D.C., attention is also being paid to a relative newcomer to commercial real estate’s elite markets. Seattle has been humming for […]
Reno’s Meadowood Mall Sees $125M Refi
Financing to the tune of $125 million has been put in place for Meadowood Mall, an 877,000-square-foot retail property in Reno, Nev., in a deal orchestrated by HFF on behalf of Meadowood Mall SPE.
Aon Corp. and PricewaterhouseCoopers LLP Top the Year in Office Lease Transactions for Chicago
By Gabriel Circiog, Associate Editor
Two of the largest office lease transactions in Chicago this year were reported this week by ChicagoRealEstateDaily.com. The insurance brokerage company Aon Corp. tops the charts this year after renewing a lease for about 400,000 square […]