News
Sperry Van Ness Enters Commercial Loan Sales Arena
The latest firm striving to capitalize on distressed asset sales, Sperry Van Ness has partnered with loan sale advisory services provider Benewolf.
PwC Leases 209,000 SF in Long-Vacant Silicon Valley Office Building
Dust away the cobwebs at the Sobrato Building in the Silicon Valley city of San Jose. PricewaterhouseCoopers L.L.P., or PwC US, has staked a claim to more than half of the 380,000-square-foot office tower, which has sat vacant since its 2002 completion.
Special Report: Greenbuild Panelists Say Financial Incentives Likely to Be a Part of Any Energy Legislation
With his oath of office in 2009, President Barack Obama brought hope to the industry of some legislation standardization with regard to energy usage. Now, with different parties controlling the House and Senate, it seems unlikely that his administration will be able to pass any legislation on the issue, according to panelists at a session, entitled “The Impact of Energy Legislation on Real Estate” at the 2010 Greenbuild International Conference and Expo.
Economy Watch: Residential Mortgage Delinquencies Edge Down
The delinquency rate for mortgage loans on housing of four or fewer units stood at 9.13 percent at the end of September, according to the latest survey by the Mortgage Bankers Association. That’s a decline of 72 basis points from the previous quarter.
Grubb & Ellis 2011 Forecast: Slow Clearing
A steady, though often grindingly slow, recovery, improved access to capital and vexing valuation challenges await in 2011, according to Grubb & Ellis Co.’s industry forecast.
USAA Buys 452,900-SF Multi-Family Community in Orlando
The property was purchased from Wood Partners and completed in 2008.
$80M Charleston Place Loan One of This Year’s Largest Single-Asset Financings
According to real estate investment banking firm Sonnenblick-Eichner Co., which orchestrated the loan on behalf of Orient-Express Hotels Ltd., the deal marks one of the largest single asset bank financings for a hotel property year to date.
Economy Watch: Multi-Family Housing Starts Slide Most in October
According to the U.S. Census Bureau and HUD, U.S. housing starts in October dropped by a precipitous 11.7 percent compared with September. The October annualized rate was 519,000 units, down from the revised September figure of 588,000 units.
SPECIAL REPORT: Seen from the Greenbuild Show Floor
Hundreds of exhibitors at the 2010 Greenbuild International Conference & Exposition are showcasing new eco-friendly products here in Chicago.
With BRAC Calling, Ground Breaks on $60M Office Project Near Baltimore-Area Army Base
The construction of Aberdeen Corporate Park, a 265,900 square-foot mixed-use office complex near the U.S. Army’s Aberdeen Proving Ground in Aberdeen, Md., has gotten underway.