News
PREI Breaks New Ground with Debt Fund
Prudential Real Estate Investors has completed Pramerica Real Estate Capital I, an $800 million, closed-end investment vehicle that will supply financing for deals involving European commercial real estate properties.
Economy Watch: Home Prices Down, Debt Looms
On the heels of a dour home-price report by Zillow, the National Association of Realtors had its own melancholy numbers to report.
CoreNet: Panel Debates Future Workspaces
When tasked with determining what tomorrow’s digs will resemble, perhaps it is best to consult with what the young leaders of corporate real estate are doing at their organizations.
Concord Associates Plans New JV for $600M Casino
The Concord Resort, which will sit on a 116-acre site in New York’s Catskills region, boasts a design by Marnell Architecture, whose parent entity, Marnell Cos., will be a partner with Concord in the development.
Economy Watch: Home Prices, Jobs Numbers
Zillow, which tracks home prices nationwide, reported that U.S. homes were down 3 percent during the first quarter of 2011, to an average of $169,600. That average is also 8.2 percent lower than during April 2010.
Parkway to Sell 1 MSF Building for $162.2M
The firm came into possession of 233 N. Michigan in 2001, when it shelled out $173.5 million in cash for the 32-story tower.
Economy Watch: Jobs Report Solid, Commodities Tumble
A number of drivers accounted for an unexpectedly strong jobs report from the U.S. Bureau of Labor Statistics, which said that the economy added 244,000 positions in April.
Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling offers insights into the top economic news of the week ending May 6 and what to watch out for in the coming week.
Fannie Mae Reveals Top Multi-Family Lenders
Performance hit a higher level in 2010, with each of the 10 lender partners each contributing a minimum of $870 million in loan volume, compared to 2009’s minimum of $700 million.
$163M in Financing for FBI Building
There is nothing like a government build-to-suit to catch lenders’ attention, and the new Kapolei, Hawaii, office complex has done just that.