News
Health Care REIT, Benchmark Form $890M JV
The agreement involves 34 of Benchmark’s seniors housing properties encompassing 3,007 units in New England.
Economy Watch: Starts Rise for Multi-Family
Housing starts spiked in January to an annualized rate of 596,000 units, according to the U.S. Department of Commerce. That was a 15 percent increase compared with December. But not all kinds of housing are on equal footing these days.
ProLogis Inks Lease on 221,000-SF Facility
Data center technologies provider i/o Data Centers will occupy the entire Phoenix space, which was developed in 1994.
Equity Becomes Leader in Brazil Self-Storage Market with $58M Investment
Investing in GuardeAqui, the top self-storage company in the country, made the firm an overnight market leader.
IPD Seminar: CRE Recovery Also Depends on Jobs
Now that the economy is chugging along, will employers start hiring enough workers to put the millions of Americans who lost their jobs in the wake of the Panic of 2008 back to work? Probably, but indications are that labor will continue to see a slow recovery — the slowest, in fact, in modern times.
ING Divests CRE Holdings
ING is making major moves in its quest to decrease its presence in the commercial real estate market. The company has entered into an agreement to sell the majority of its ING Real Estate Investment Management business to CB Richard Ellis Group Inc., and in a separate agreement the company committed to sell Clarion Partners to Lightyear and Clarion Partners management.
Economy Watch: Evaluating Winners, Losers of Retail
U.S. retail sales, which went along so swimmingly during the holidays, scored only an uptick in January, according to the Department of Commerce. The gain was 0.3 percent compared with the previous month. Better than a loss, but not as much as some economists had expected.
Watkins to Lead Innovation, Product Development at JLL
Emily Watkins has been tapped to serve as senior vice president, based out of the firm’s San Francisco office.
Clark Delivers ISO HQ Early
Clark Design/Build of California has wrapped up construction of the $114 million California Independent System Operator Corp. Iron Point headquarters in Folsom, Calif.
Vornado Secures $150M in Financing
Many office asset owners are scrambling to refinance or restructure debt as maturities approach. However, Vornado Realty Trust is in no such position as it closes financing for its 506,000-square-foot office property at 2121 Crystal Drive in Arlington, Va.