News
Fashion’s Rise in NYC’s Times Square, Meatpacking Districts Brings Lease Signings
CBRE Group Inc.’s third-quarter report for 2011 saw strong leasing velocity in Manhattan as a whole, but certain submarkets — including the Meatpacking District and Times Square — outperformed expectations.
Kennedy Wilson: $1.8B U.K. Deal ‘Is Our Largest’
Kennedy Wilson makes its biggest splash ever in the loan-acquisitions game with an agreement to acquire a performing portfolio from Bank of Ireland for a whopping $1.8 billion, with an eye toward continuing to acquire in the United Kingdom.
Inland Western Spends $98M on Austin Retail Center
Austin looks to be a retail hotspot and Inland Western Real Estate Trust is ready to take advantage — purchasing 1890 Ranch in Cedar Park, an Austin suburb, for $97.6 million.
Economy Watch: President Unveils New Mortgage Program, Chides Congress
As expected, President Obama introduced a change in federal mortgage policy on Monday. Insurance regulators in Arizona seized the main subsidiary of mortgage insurer PMI Group Inc. And the Chicago Fed said its National Activity Index rose in September.
KTR Capital Acquires 301 KSF Industrial Facility in Kentucky
KTR Capital continues to expand its presence in metropolitan Louisville, Ky.’s industrial market with the recent acquisition of a 300,800-square-foot property in Shepherdsville.
Stadium Fever Still Unrelenting; Grand Kyoto Hotel Trades Hands
By Alex Girda, Associate Editor
The City of Angels continues to battle for the NFL’s West Coast stadium, and Northern California is feeling the pressure to get some stadiums going, as both L.A. and San Diego inch their way toward an […]
Wells REIT Pays $70M for Second Westway Building
By Georgiana Mihaila, Associate Editor
Less than a year after announcing the acquisition of Westway One, a Class A building in Houston, on Jan. 31, Wells Core Office Income REIT is proud to announce that it has become owner of a […]
Encore Development Stalled Due to Loss of Federal Grant
By Georgiana Mihaila, Associate Editor
The $480 million Encore development’s timeline could undergo some changes, as Tampa was the only one of six finalist cities that was denied a share of the $122 million Choice Neighborhood Initiative grant from the U.S. […]
Gilbane to Develop Housing Facility, Lab Space for George Mason University
By Veronica Grecu, Associate Editor
George Mason University has chosen Providence, R.I.-based Gilbane Development Co., a division of Gilbane Inc., and Baltimore-based architecture firm Canon Design to design, build, finance and lease two new developments. According to a Gilbane press release, […]
Muted Growth in Office Property Gives a Tepid Outlook
A new report by Jones Lang LaSalle points to a marginal improvement in third-quarter 2011 commercial real estate markets both domestically and abroad — but warns that continued economic uncertainty could signal a slowdown.