News
IRS Claims 105,000 SF at D.C. Complex
It’s not April 15 yet, but the Internal Revenue Service has filed — papers for a new office lease, that is. Acting on the agency’s behalf, the U.S. General Services Administration entered into a lease agreement with property owner CIM Group to occupy space at the Union Square office complex near the city’s Union Station.
Sunstone Names Arabia as CFO, Executive VP
Lodging real estate investment real estate trust Sunstone Hotel Investors Inc. has announced that John Arabia has been appointed chief financial officer & executive vice president of corporate strategy effective April 4, 2011.
PwC US Signs at Atlanta Mixed-Use Property
A new name will soon be added to the office tenant roster at 12th & Midtown, a $2 billion upscale mixed-use project, now that the company has inked a 140,000-square-foot lease with property owner Daniel Corp.
Economy Watch: Whither Fannie and Freddie?
It’s a radical notion: no more Fannie and no more Freddie. Can it happen? Should it?
White House Presents Housing Finance Reform
The U.S. Congress is now in receipt of a long-awaited report by the Obama administration on a plan for reforming the country’s housing finance market. The crux of the plan is to wind down government-sponsored enterprises Fannie Mae and Freddie Mac and decrease the federal government’s role in housing finance.
CPE Radio: Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling offers insights into the top economic news of the week ending Feb. 11 and what to watch out for in the coming week.
Economy Watch: More Foreclosures?
The pace of foreclosure filings — default notices, scheduled auctions and bank repossessions — rose modestly in January, according to foreclosure specialist RealtyTrac, increasing 1 percent compared with December.
Call for Entries: Distinguished Achievement
CPE introduces the Distinguished Achievement Awards, honoring the top commercial real estate deals, projects and programs of 2010. Send in your entry forms by April 29 to be considered for Best Lease, Best Sale, Best Financial Structure, Best Project, Greenest Project, Most Effective Public-Private Partnership, Most Innovative Property Management Program, Most Creative Repositioning Plan, Most Tech-Savvy Property or Top Corporate Real Estate Program.
Americana Inks Lease
The imprintable sportswear distributor, which took 240,000 square feet in Santa Fe Springs, Calif., is planning a major expansion to accommodate its growing West Coast customer base.
SPECIAL REPORT: MBA Bullish on Economic Growth
The Mortgage Bankers Association issued positive assessments of the economy, job creation and financing activity during the annual MBA Commercial Real Estate Finance/Multifamily Housing Convention & Expo.