News
Sheraton Crown Center Emerges While Historic Cosby Hotel is Saved
By Gabriel Circiog, Associate Editor
Starting January 2012, the Hyatt Regency Crown Center will be known as the Sheraton Crown Center following a management agreement between Crown Center Redevelopment Corp. and Starwood Hotels & Resorts Worldwide Inc. Kansas City Business Journal […]
Real Estate Deals Ring Encouraging Bells in Q2
By Alex Girda, Associate Editor
The multifamily sector has ensured Phoenix’s real estate maintains an encouraging profile as figures for Q2 of 2011 outpace those of the first quarter. According to the Phoenix Business Journal, sales that had multifamily as the […]
Demand Drives Boston Apartment Rents to a New Peak
By Veronica Grecu, Associate Editor
Vacancy in the Boston multi-family market has hit its lowest level in almost a decade, pushing rental rates upward to a record $1,665 per month. Reis Inc., recently revealed that Boston-area ranks fifth on the list […]
Villas at Cordova in Memphis Sold for $14.2 Million; Gardenwood Apartments Refinanced
By Amalia Otet, Associate Editor
Cordova continues to emerge as a premium Memphis submarket, bringing forward optimum investment opportunities in the multi-housing sector.
LNR Property LLC, a market leader in commercial properties development headquartered in Miami Beach, Florida has recently acquired through […]
Update: Creating the Big Picture for the WTC Site
At a reception hosted by CoreNet and Silverstein, preeminent developers, tenants and property managers of the WTC site discussed future plans, current signings and past successes on the leasing and development sides.
Park Road Shopping Center sold to Edens & Avant for $82 million
By Amalia Otet, Associate Editor
Park Road Shopping Center has been sold for $82 million to Edens & Avant, one of the nation’s leading retail real estate owners and developers.
The company takes pride in operating community-oriented shopping places in primary markets […]
Harbor Group Acquires $190 Million Portfolio in Baltimore
By Adrian Maties, Associate Editor
Harbor Group International(”HGI”), LLC has paid $190 million for a six-property multifamily portfolio located in Baltimore, Maryland. The seller is an affiliate of Sawyer Realty Holdings, LLC.
In a time when people would rather rent than buy, […]
Ratings Issue Brings Goldman Sachs, Citigroup $1.5B CMBS Sale to an End
Goldman and Citigroup announced earlier this week the cancellation of the transaction involving nearly $1.5 billion in commercial mortgage pass-through certificates.
Cushman & Wakefield Wraps Up $500M Financing Deal
Cushman & Wakefield, currently investigating growth opportunities, is taking advantage on the capital markets’ warmer perception of certain real estate companies.
Economy Watch: Congress Continues to Spin Its Wheels, Foreclosures Down in 2011, Pending Home Sales Up in June
As of Friday morning, the House hadn’t voted on the Republican plan to raise the debt ceiling. Foreclosures in most major metro areas dropped during the first half of 2011 and, according to the NAR, pending home sales increased in June.