News
Williams-Sonoma Leases 411,700-SF Facility
Kelly Boulevard Associates L.L.C. filled the empty tenant roster for its industrial property at 2973 Kelly Blvd. in Claremont, N.C., in one fell swoop. The business entity, a joint venture involving JER Partners and Fulcra Enterprises, got the home furnishings specialty retailer to sign on the dotted line.
Economy Watch: Shutdown Averted, Retail Sales Up
As the world well knows, the federal government didn’t shut down over the weekend. A deal was done practically at zero hour, meaning that federal employees will be at work, $39 billion (or about one one-thousandth) of the federal budget will disappear, and tourists will have something to do in D.C. this week.
Pebblebrook Picks Up Two Pacific Coast Hotels for $161.2M
In a matter of just two days, Pebblebrook Hotel Trust has plumped up its portfolio with two upper-upscale hotels encompassing a combined 639 guestrooms. In separate all-cash deals, the REIT shelled out $110 million for the Westin Gaslamp Quarter in San Diego and $51.2 million for the Hotel Monaco Seattle.
Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling offers insights into the top economic news of the week ending April 8 and what to watch out for in the coming week.
Cash, Stock and the REIT Market: Investment Opportunities Lie Ahead
Investment opportunities are increasing today, but many remain still to be realized, according to discussions during yesterday’s NYU Schack Institute of Real Estate 16th Annual REIT Symposium. Panelists noted that flexible investors may find better opportunities with a little more creativity.
REITs Rule Today’s Market—Under the Right Circumstances
It’s a good time to be a REIT, but the opportunities today are not for everyone. That was the message from speakers at the NYU Schack Institute of Real Estate 16th Annual REIT Symposium, hosted yesterday at the Pierre Hotel in New York City.
Seattle Battles Ghosts of Recessions Past
By Alex Girda, Associate Editor
Recent news indicates that Seattle’s real estate market is on the move. Significant changes experienced by the housing sector are evident in the way renting is currently evolving. Supply has decreased considerably during past years, with […]
Panasonic Relocates, Expands in SoCal
In need of more elbow room, Panasonic Corporation of North America took an entire building within Anaheim, Calif.’s 2,300-acre Anaheim Canyon Business Center industrial park. The company signed a lease with the landlord, Panattoni Development Co., to make its new home in the 300,000 square-foot Anaheim Concourse Distribution Center.
Atlantic | Pacific Lands Florida Assignment
The property management firm will attempt to counter the troubles encountered by Las Olas Riverfront, a 244,667-square-foot retail and entertainment complex in Fort Lauderdale.
Economy Watch: Consumers Spend, Home Prices Sink
In a spot of good news for the economy, retail sales were in gear in March, according to data compiled by Thomson Reuters. That came as a surprise to many observers, who had predicted that a late Easter and rising gas prices would cause retail sales to contract last month.