News
JLL Inks New Lease for GSA
The lease was managed and awarded by Debbie Orkowski of the GSA Leasing Contracting office, while JLL employees Jessica Kokish, Suzanne Drake, Chris Roth and Dan Reidy represented the government.
Economy Watch: Attorneys General Seek Foreclosure-Signing Investigation
The attorneys general are inquiring about improper submission of documentation.
ULI Report: Bair, Housing Experts Consider Government, Bank Roles
Opening keynote speaker Sheila Bair and a panel of housing experts offered a mixed view of government and lender involvement during the first general session of the Urban Land Institute Fall Meeting on Wednesday.
Newsum at ULI: In Real Estate, Relationships Matter
Urban Land Institute chairman Jeremy Newsum urges owners to accept their involvement in the nation’s economic downturn and better move forward by recognizing the need to operate properties as part of their larger neighborhoods.
Trophy D.C. Office Property Fetches $220M
Investors remain keen on Washington, DC’s office market and are willing to pay what is considered the big bucks these days for trophy assets like the Presidential Building, the fully leased 331,000-square-foot property that Invesco Real Estate just acquired from Shorenstein Properties L.L.C.
Brandywine Polishes off $252M Rehab of Philly Post Office
The property, which will be the new area headquarters for nearly 5,000 Internal Revenue Service employees, was mostly gutted and retrofitted with new mechanical, electrical and plumbing systems. However, its designation as a national historic site was preserved.
ULI Report: Emerging Trends Ranks Washington Top Market for 2011, Multi-Family Best Investment Bet
Better days lie ahead, but with more rational expectations, according to the Urban Land Institute and PriceWaterhouseCoopers’ annual Emerging Trends report.
Economy Watch: Fed Considers Further Stimulus
Is the Federal Reserve willing to prime the pump again to stimulate the U.S. economy? The answer seems to be yes.
Ground Breaks on $220M Rehab Facility at Boston’s Charlestown Naval Yard
Integrated health care system Partners HealthCare is behind the development, which will yield a 240,000-square-foot building to replace the existing 40-year-old rehab center on Nashua Street.
California Selects Hines-Led Team’s $2.3B Bid for 11-Property Office Sale-Leaseback Deal
The state of California just struck a deal that will put a few billion dollars in its empty pockets.