News
CONSOL Energy and Noble Energy Close ‘O.K.’ $3.3B Agreement
by Liviu Oltean, Associate Editor
CONSOL Energy Inc. and Noble Energy Close have closed on an agreement that entails the joint development of CONSOL’s Marcellus Shale assets in Pennsylvania and West Virginia.
Following this agreement, CONSOL will receive payments of about $3.3 […]
Howard Hughes Corp. Secures $250M Loan, CB Richard Ellis Is Rebranded
by Liviu Oltean, Associate Editor
Howard Hughes Corp. has secured a $250 million loan that will help the company redevelop the 60-acre Ward Centers in Kakaako and refinance existing mortgage loans.
Upon completion of the redevelopment, the Ward Village Shops will be […]
Penzance Purchases 155 KSF D.C. Suburb Office Building for $67M
Penzance just purchased the 154,922-square-foot office building at 1555 Wilson Blvd. in Arlington, Va., from Stuart H. Miller Co. for $67 million. The property is located in the bustling Rosslyn-Courthouse-Ballston Corridor.
CBRE Acquires ING’s Real Estate Investment Management Operations in Asia
CBRE has taken a big step toward the completion of its $940 million acquisition of substantially all of ING Group N.V.’s securities and management businesses, closing on the purchase of ING Group’s operations in Asia,
Zell, Zuckerman Headline at DLA Piper Global Market Summit
Real Estate mavens Sam Zell and Mort Zuckerman co-headlined the DLA Piper Global Real Estate Summit held yesterday in Chicago, and both offered perspectives on how the political climate is affecting CRE.
Cole Acquires 5 Multi-Tenant Retail Centers for $58.2M
In five separate transactions, Cole Real Estate Investments has added five additional multi-tenant shopping centers across three states for an aggregate $58.2 million.
Taconic Closes $220M Fund for CRE Assets in NYC
New York-based Taconic Investment Partners has closed on Taconic New York City Investment Fund L.P., an investment fund with $220 million in committed equity to acquire commercial properties in the NYC area.
Economy Watch: Bernanke Hints at More Fed Intervention
In not so many words, Bernanke called for some stimulus — as long as inflation isn’t bad. A new report concluded that the FHF failed to notice foreclosure abuses in recent years. And after a number of down days, Wall Street ended up on Tuesday afternoon.
Cushman: NYC ‘A Hot Leasing Market’
In its third-quarter overview, Cushman & Wakefield painted a scene of a picturesque New York City leasing market.
Trade Street Capital Purchases 560-Unit Nashville Luxury Multi-Family for $71M
Trade Street Capital just sold the 560-unit Wyndchase Aspen Grove multi-family property to a real estate fund advised by Crow Holdings Capital Partners, L.L.C. for $71 million.