News
Economy Watch: New Home Sales See Monthly Uptick
The Census reported that sales of new homes rose 5.7 percent in September. The supercommittee’s members offered up proposals little different from previous attempts. And the CBO said income for top U.S. households grew more than it did for any other group.
FMW and Faison to Collaborate in $40M Apartment Project in Downtown Raleigh
By Liviu Oltean, Associate Editor
FMW Real Estate sold 3.5 acres of a 6.67 acres industrial site to Faison & Associates for $9.6 million. Following this transaction, the two companies will collaborate on a project that will make downtown Raleigh the […]
Walnut Capital Partners to Develop $119M Mixed Use Project
By Liviu Oltean, Associate Editor
Due to its former success, Walnut Capital Partners’ Bakery Square project might come to Penn Avenue.
Walnut Capital has bid $5.4 million to buy the Reizenstein property from the Pittsburgh Public Schools. Walnut Capital is planning to transform […]
RPG Downsizes Masterplan for Mixed-Use Development
By Liviu Oltean, Associate Editor
Robertson Properties Group (RPG), one of the largest shopping center owners and managers in the U.S., recently downsized its master plan for a drive-in property in Aiea.
Located at the corner of Moanalua Road and Kaonohi Street, the […]
Washington is Top Investor Choice Again as Tough 2012 Looms: PwC/ULI Survey
Survey participants predict that 2012 will see more properties for sale but diminished buyer enthusiasm.
Ocwen Picks Up Saxon Mortgage from Morgan Stanley for $59.3M
October 26, 2011 By Barbra Murray, Contributing Editor Morgan Stanley has found a taker for Saxon Mortgage Services Inc. Morgan Stanley will sell the residential mortgage loan servicing firm to Ocwen Financial Corp. for $59.3 million–and approximately $1.4 billion for servicing outstanding advance receivables. Scheduled to close in the first quarter of 2012, the transaction comes five years after Morgan Stanley acquired Saxon for $706 million in cash. Upon the December 2006 completion of the purchase, Anthony Tufariello, then global head of the company’s Securitized Products Group, said, “This acquisition is another important step in our long-term strategy of building…
With $560M Deal, CubeSmart is Metro NYC’s Top Self-Storage Owner
The company just signed a deal to purchase a 1.6 million-square-foot collection of premier properties in metropolitan New York City from Storage Deluxe.
Riding Multi-Family Wave, TRECAP Sells Seaside Complex to Western National for $95M
Multi-family supply/demand dynamics are their best in a decade, TRECAP Senior Vice President and Managing Director Edward Oprindick tells CPE.
Economy Watch: Home Prices Bounce Along the Bottom (Maybe)
Despite a decline in most markets, an improvement in annual rates of change for pricing may offer a silver lining.
Dostart Development, Rockwood Capital Sign 340 KSF Silicon Valley Office Lease
Dostart Development Co. L.L.C. and Rockwood Capital L.L.C. have secured a big tenant for its office project in Mountain View, Calif., signing Synopsis Inc. to a 340,000-square-foot lease.