News
RBS Provides $120M in Financing for 1.3 MSF Cold-Storage Portfolio
CBRE arranged $120 million in financing with RBS Securities Inc. to a iStar Financial Inc. affiliate for a 1.3 million square-foot portfolio of refrigerated-warehouse space located in seven states.
$17M Renovation for Marriott Downtown Hotel Meeting Space; Inquirer Building Sold
By Veronica Grecu, Associate Editor
In a press release issued last week, management of the Philadelphia Marriott Downtown Hotel announced the completion of a $17 million renovation project of the building’s 92,000-square-foot meeting space. The hotel features 1,408 guest rooms and […]
Detroit Commercial Real Estate Revived through Green Initiatives
By Veronica Grecu, Associate Editor
The Elevator Building, one of Detroit’s historic landmarks currently offering office and retail space, will undergo major roof transformations with the help of Novi, Mich.-based SRI Energy, a company offering green energy solutions to socially responsible […]
Crocker Purchases 31-Story SunTrust International Center in Miami
Crocker Partners purchased the 31-story SunTrust International Center in Miami’s Central Business District from Stiles Corp. and an unnamed partner.
Economy Watch: Fed Tells Market to Calm Down; Productivity Down in 2Q11
The Federal Reserve said yesterday that interest rates needed to remain low for “an extended period,” and Wall Street had mixed reactions. And the BLS reported that U.S. labor productivity dropped 0.3 percent during the second quarter of 2011.
Hines, Pacolet Milliken to Kick Off New 450 MSF NYC Office Construction
Hines is joining forces with Pacolet Milliken to add 450,000 square feet of premium space to the increasingly tight Midtown Manhattan office market in a new office construction overlooking Bryant Park.
JLL Wins 15.4 MSF Industrial Portfolio Management Assignment from IndCor
Jones Lang LaSalle becomes the latest commercial real estate services firm to snag an industrial-portfolio management contract from IndCor Properties with a 15.4 million-square-foot signing.
Economy Watch: S&P Downgrade Ripples Through the Markets, Employment Trends Down Slightly in July
The Dow Jones Industrial Average dropped 634.76 points, or 5.55 percent, on Monday — its sixth-largest downward movement on record after the U.S.’s credit downgrade. And the Employment Trends Index decreased slightly in July to 100.6, down from June’s revised figure of 100.9.
U.S. Top Spot for Global Real Estate Investors in Second Quarter
According to a new report from Real Capital Analytics, in the second quarter of 2011 the United States led the world in commercial-property trades.
Hudson Realty and Partners Nab $139M FDIC Colorado Loan Portfolio
Hudson, Soundview and JCR acquired 97 loans on commercial and residential assets from a FDIC structured sale, collateralized by $139 million of properties across Colorado.