News
Spring Multi-Family Complex Hits the Market
By Georgiana Mihaila, Associate Editor
The Villages of Louetta, a gated multi-family complex in North Houston’s Spring district, has come to market, Citybizlist reported. The seller is a joint venture between Prudential Real Estate Investors, on behalf of one of its advisory clients, and […]
JLL Brokers 110 KSF Deal of Office Space on Manhattan’s Third Avenue
The busy transactions in the Manhattan commercial market continue as JLL signs 110,000 square feet on Third Avenue for Cerberus Capital Management.
Principal Takes NoMa Office Building for $149.5M; Kelley Drye Extends Lease in Georgetown
By Veronica Grecu, Associate Editor
Underscoring the continued strength of the capital’s office investment market, Capitol Plaza has traded to Principal Real Estate Investors L.L.C for $149.5 million, the property’s sellers, a joint venture of AREA Property partners L.P. and Van […]
Cassidy Turley Orchestrates $54.4M Financing Deal for UFT Headquarters
Cassidy Turley went to bat for the United Federation of Teachers and hit a home run with the arrangement of $54.4 million of financing for the union’s headquarters at 50 Broadway in Manhattan.
Savanna Signs 60 KSF New Leases on 40th Street in Manhattan
Savanna announced the signing of more than 60,000 square feet of new leases at 104 West 40th Street, representing nearly 30 percent of the building’s 210,000-square-foot capacity.
Economy Watch: Home Prices Didn’t Drop in May, Consumer Confidence up a Tick, One Week to Go on Debt Ceiling
Home prices in 20 major U.S. markets hardly moved from April to May. The Consumer Confidence Index, which declined in June, improved slightly in July. And the debt-ceiling endgame looms over Washington.
D.C.’s Capitol Plaza Sells for $150M to Principal Real Estate Investors
One of the brightest spots in D.C., the NoMa district, has just seen its Capitol Plaza office building change hands to Principal Real Estate Investors, L.L.C., for $149.5 million.
Prudential Mortgage Closes $355M Loan for Douglas Emmett Portfolio
Prudential has provided Douglas Emmett Inc. with a $355 million first mortgage with the REIT’s 1-million-square-foot commercial-property portfolio serving as collateral.
Transwestern’s Management Portfolio Increases by 1.6 MSF with Sumitomo Deal
Transwestern has increased its management responsibilities by approximately 1.6 million square feet after being chosen by Sumitomo to act as exclusive property manager.
Economy Watch: More Debt-Ceiling Drama, Chicago Fed Makes Small Gain
Members of the House and Senate, each led by opposing parties, were busy on Monday drafting their own mutually exclusively bills for raising the debt ceiling. And the Chicago Fed’s National Activity Index edged up in June to minus 0.46 from minus 0.55 in May.