News
Smart & Final Takes 350,000 SF in Southern California
The Commerce, California-based food retail chain inked a 92-month agreement valued at $11.5 million.
Capital Markets Veteran Makes Move to Cushman & Wakefield
Gregory Vorwaller comes to Cushman from CB Richard Ellis, where he served for 17 years.
George Smith Partners Completes $112M Refinance of LA-Area Multi-Family Property
Financing was handled by George Smith principal Gary Tenzer and vice president Nick Silbergeld.
Liberty Mutual Breaks Ground on Highly Anticipated $300M Office Building in Boston
The global headquarters expansion project will encompass 390,000 square feet and result in approximately 1,100 temporary and full-time positions.
Economy Watch: NAHB Says Homebuilders Slightly Less Glum
The National Association of Home Builders said on Monday that the NAHB/Wells Fargo Housing Market Index (HMI) for October rose from 13 to 16–dismal to fairly bad, in terms that the organization did not use. It was, however, the first improvement in the index in five months, returning to its June 2010 level.
Gilbert Named CIO at ING Clarion
A 28-year veteran of the real estate industry, Gilbert has worked as a portfolio manager with ING since 2007.
IREM: Shopping-Center Income Up, Occupancy Down
It’s a mixed bag for those in the battered retail sector.
Lowe Wraps Up $188.5M First Phase of San Diego County Office Project Under Budget
The new operations center is sprouting up at the site of the original center, which, as the county determined after doing a little research in 2005, would cost in excess of $216 million to maintain over a 20-year period.
Savills Advises Fortress, Northstar on $72M Mezzanine Loan Sale on Columbia Sussex Hotel Portfolio
The portfolio was sold to The Blackstone Group for an undisclosed price.
Economy Watch: Most Retailers Enjoy a Surprise September Uptick
According to the U.S. Census Bureau, retail sales saw an unexpected increase in September. The bureau’s monthly report, released on Friday, noted that retail and food services sales totaled $367.7 billion, an increase of 0.6 percent from August, and a meaty 7.3 percent more than the same month in 2009.