News
ULI Report: Tyson Warns of Need to Step Up Job Creation but Slow Down Deficit-Reduction Plans
The economy still has a way to go, and the federal government is limited in what it can do to make things better, according to Laura D’Andrea Tyson. There are measures it can pursue, but it will take some time to see real improvement, and the private sector will need to be involved, she told her audience at the Urban Land Institute Fall Meeting.
Ratkovich Grabs 28-Acre Former Howard Hughes Property in Los Angeles
In a joint venture with Penwood Real Estate Investment Management, Ratkovich shelled out $32.4 million for the land, which is presently home to 537,000 square feet in 11 historic structures, one of which served as the hangar where billionaire aviator and movie producer Howard Hughes developed the renowned Spruce Goose.
GW Medical Faculty Buys 120,000-SF Building in DC
The purchase price was $49.5 million.
EnerVest Takes Space in Houston
The oil and gas firm has expanded its Houston headquarters by 36,721 square feet while renewing its headquarters lease for a total of 117,316 square feet in downtown’s First City Tower at 1001 Fannin.
Granite Taps Robbins as Atlanta Managing Director
Robbins, who officially started his position at the beginning of the month, comes to Granite from Sage Realty Partners.
JLL Nails Down 100,000-SF Industrial Lease in Southern California’s Inland Valley
According to JLL executive vice president Sam Foster, landlord EastGroup Properties showed an impressive ability to adapt to current conditions, making it possible to secure a deal with REPET that provided improvements at a favorable rate.
ULI Report: America’s Changing Demographics
The results of this year’s U.S. Census survey are not yet out, but big changes are already apparent—and they promise to impact real estate strategies, according to findings Brookings Institution senior fellows William Frey and Anthony Downs discussed during the Urban Land Institute’s Fall Meeting.
Economy Watch: RealtyTrac Says Foreclosures Up During Third Quarter
RealtyTrac, which tracks the nationwide residential foreclosure market, said on Thursday that all variety of foreclosure filings—default notices, scheduled auctions and bank repossessions—increased during the third quarter of 2010 by 4 percent compared with the previous quarter, to a total of 930,437 properties all together.
ULI Report: Bill Marriott’s Secrets to Success
The Marriott brand has survived and sometimes thrived since 1929. How has it persevered while so many others have gone by the wayside? J.W. Marriott Jr. offered insights during a keynote session at the Urban Land Institute Fall Meeting.
JLL Hotels Offers a Few Survival Tips for Hospitality Investors who Bought High
The real estate services firm, relying on its Strategic Advisory & Asset Management team, has just released a list of six recommendations to help the aforementioned segment of vulnerable hotel owners survive until the return of the glory days.