News
Economy Watch: Good News for Housing, Bad News for Consumer Confidence
First the good news: The National Home Price Index increased by 3.6 percent in 2Q11. The bad: Consumers are lacking in confidence in a big way at the moment. And Nevada is going after Bank of America for allegedly lying about its intent to help distressed homeowners.
The Urban Redevelopment Authority’s Riverfront Properties
by Liviu Oltean, Associate Editor
The Urban Redevelopment Authority is searching for developers for an important riverfront property between the Rivers Casino and the West End Bridge, the Pittsburgh Business Times reports. In a recent board meeting, URA approved the clearing […]
Cole Grabs 11 PetSmart Properties for $74M
After purchasing the PetSmart headquarters in Phoenix last week for $102 million, Cole Real Estate has added 11 PetSmart store properties to its portfolio for a purchase price of $74 million.
Spear Street Gets 244 KSF Suburban D.C. Office Building for $64.4M
Acting on behalf of the California State Teachers Retirement System, Clarion Partners sold the asset at 1881 Campus Commons Drive in Reston, Va., to Spear Street Capital for $64.4 million.
Napa Valley Marriott Sells for $72M
Inland American Lodging Group has acquired the Napa Valley Marriott Hotel, a 275-room upscale resort in the heart of California’s wine country, for $72 million, or approximately $261,000 per key.
Economy Watch: U.S. Consumers Went Shopping in July, but Not for Homes
In July, U.S. consumers dipped into their savings to do what U.S. consumers are famous for: Buying things — material goods, that is, not houses. Wall Street responded to Hurricane Irene by advancing the indices.
Weeks Robinson Grabs 600 KSF Suburban Baltimore Warehouse, Land for $19.1M
Weeks Robinson continues to capitalize on the distressed real estate marketplace with the acquisition of Trade Center 95, an industrial asset consisting of a vacant 600,000-square-foot warehouse and 32 acres of developable land, for $19.1 million.
“Living Building” Eyed for Fremont; First & Stewart Trades for $30M
By Alex Girda, Associate Editor
Attracting tenants in Seattle’s competitive office market requires owners and developers to raise their games a notch. Sustainable practices are a Seattle trademark, so some developers are seeking new ways to make their properties attractive to […]
HFF Orchestrates $44M for MF Projects in Raleigh, NYC Suburbs
The lending community’s interest in financing development projects is evident, and HFF has just orchestrated $44 million in financing for multi-family projects in Raleigh, N.C., and the suburbs of New York City.
Multifamily and Office Deals Ramp up Activity in Metro Phoenix
By Alex Girda, Associate Editor
Cole Real Estate Investments has made yet another major move in the Phoenix-area real estate market with its recent large property purchase. The object of the transaction is the corporate headquarters campus of PetSmart Inc. and […]