News
Capmark Sells Low-Income Housing Portfolio for $102.4M
Two weeks after having officially emerged from bankruptcy, Capmark has sold its collection of partnership interests and other assets associated with 287 properties encompassing 45,000 low- and moderate-income housing units to Hunt Cos. for $102.4 million.
CBRE to Oversee Management, Leasing of GM’s 5.5 MSF Detroit HQ
CBRE was recently tapped by General Motors to spearhead facilities management, leasing and project management of Renaissance Center, the automaker’s 5.5 million-square-foot mixed-use headquarters complex in Detroit.
Savanna, Feil’s $137M JV in Midtown NYC
Savanna and the Feil Organization have together acquired the 375,000-square-foot building known as 21 Penn Plaza — also known by the address of 360 W. 31st St. — for $137 million.
$73M for Two Shopping Centers Brokered by UCR
UCR Investment Sales has negotiated the sale of two retail centers for an aggregate $73 million: Caruth Plaza in Dallas and Midtowne Little Rock in Little Rock, Ark.
Economy Watch: Jobs Bill Sunk by Senate, Employment Trends Still Dropping
The Senate, in a procedural vote on Tuesday night, effectively killed Obama’s jobs bill. The Conference Board said that its Employment Trends Index decreased in September. And Slovakia’s parliament failed to approve an extension of the EU’s bailout fund.
Developers Battle for Transbay Terminal Housing; Spate of Hotels Trade
By Alex Girda, Associate Editor
The City by the Bay is moving forward on one of its largest projects of the year, with four development teams battling it out for the mixed-income housing project near the Transbay Terminal. The 450 units […]
Liberty Pays $36M for 6 Assets; Sage’s $110M Faribault Plant Heads for Home Stretch
By Camelia Bulea, Associate Editor
Liberty Property Trust recently wrapped a $36 million investment that further expands its office and industrial holdings in the Twin Cities market. On Sept. 30, the Malvern, Penn.-based REIT paid $11 million for three office buildings in the Minnetonka Corporate […]
Cushman Hires Five-Person Brokerage Firm in New Jersey
Cushman & Wakefield has snapped up a five-person office-brokerage team from Jones Lang LaSalle to help bolster its foothold in Central New Jersey. Paul Giannone will serve as executive vice president and will lead the group.
Google Joins Backers of $152M Charlesview Relocation
By Veronica Grecu, Associate Editor
Ever wondered about the link between internet technology and affordable housing? At the moment, the answer is “Google Inc.” The Mountain View, Calif.-based giant has decided to invest $28 million in an innovative $152 milliion affordable housing project in Allston., […]
Clarion Spends $100M on 3 California Seniors-Housing Communities
Clarion Partners has just ponied up $100 million for three apartment complexes across California, adding 586 units to its portfolio of seniors-housing properties.