News
Economy Watch: Foreclosure Filings Spike in August, Nevada Hit Hardest
Foreclosure filings spiked 7 percent in August, according to foreclosure specialist RealtyTrac, but the CPI gained a meager 0.4 percent. Obama and Boehner continued to push their respective jobs plans around the country.
San Francisco’s 1155 Market St. Sold to Laurus Corp.
Laurus Corp. has just picked up a 140,000-square-foot office building in San Francisco’s Civic Center area, located at 1155 Market St., and featuring 11 floors of rentable space.
$75-90 Million Cathedral Campus Coming to Raleigh
by Liviu Oltean, Associate Editor
The Catholic Diocese of Raleigh commissioned McCrery Architects LLC to design a new cathedral campus that will cost between $75 million to $90 million.
The campus will feature a 2,000-seat cathedral, a two-story gathering hall and a […]
Oxford Development’s New SouthSide Works Project
by Liviu Oltean, Associate Editor
The Urban Development Authority (URA) will soon put to vote whether they will exclusively negotiate for a project at the SouthSide Works with Oxford Development Co. The project entails the development of three parcels on Hot […]
DeBartolo Files Draft EIS for Ka Makana Ali’I Center
by Liviu Oltean, Associate Editor
DeBartolo Development LLC has recently submitted an environmental impact statement draft (EISD) for the Ka Makana Ali’I (KMA) center to the Department of Hawaiian Home Lands (DHHL). The center will be developed on a 67-acre property […]
WRIT Purchases 345 KSF Suburban D.C. Office for $101M
A week after closing the first phase of a $350 million industrial portfolio, Washington Real Estate Investment Trust has sprung for the all-cash acquisition of Braddock Place, a 345,000-square-foot office complex in the Old Town section of Alexandria, Va.
RiverOak Launches $300M Retail Fund
RiverOak Investment Corp. L.L.C. is setting its sights on urban retail primed for repositioning with the initiation of a new investment vehicle, RiverOak Urban Retail Investors Fund I, with the goal of securing commitments totaling $300 million.
Sabal Financial Acquires $158M CRE Loan Portfolio
Through the FDIC’s Small Investor Program, Sabal Financial Group has acquired a $158 million portfolio of performing and non-performing commercial real estate loans from FirsTier Bank of Louisville, Colo.
Economy Watch: Shoppers Stayed Home in August
Americans decided to put off buying much more than what they ordinarily buy, such as cars, in August. The PPI also remained flat for the month. And both France and Germany asserted that Greece is sticking with the euro zone.
Empire State Building Turns (LEED) Gold
After receiving its Energy Star certification in July, the second consecutive year of the distinction, the Empire State Building was certified as LEED Gold earlier this week, making it the tallest building in the country to receive the certification.