News
Behringer Harvard Purchase 560-Unit Fort Lauderdale Apartment Asset
Acting on behalf of Behringer Harvard Opportunity REIT II Inc., Dallas-headquartered Behringer Harvard has acquired the 560-unit Parrot’s Landing Apartments in North Lauderdale, Fla., partnering with Denver-based Grand Peaks Properties but retaining a 90 percent ownership stake.
Brookfield Closes $2.7B Americas Infrastructure Asset Fund
As it turns out, Brookfield Asset Management underestimated investors’ interest in infrastructure . The Toronto-based property and infrastructure asset manager has just closed Brookfield Americas Infrastructure Fund L.P. with $2.7 billion in commitments–a far cry from the company’s original $1.5 billion target for the fund, which will seek high-quality infrastructure assets across North and South America.
Real Estate Recovery: How to Improve the Bottom Line with Michael Anderson
Michael Anderson, manager of the Research & Knowledge Center for CoreNet Global, weighed in just before the Global Summit in Phoenix, on possibilities for a double dip recession, how companies can improve their bottom line and related topics.
CoreNet: Oracle Outlines Alternative Workplace Strategies for M&A
With 65 acquisitions over the last five and a half years, Oracle Corp. has repeatedly found itself called upon to make real estate decisions.
USAA Buys 1.4 MSF Memphis Industrial Portfolio, Continuing Shopping Spree
USAA Real Estate Co. has been bulking up its portfolio all summer, and it appears the activity is going to continue right into the fall. US Industrial REIT III, owned by affiliates of USAA and a group of institutional investors, just acquired a 1.4 million-square-foot industrial portfolio at Chickasaw Distribution Center in Memphis.
Economy Watch: Real Estate Unimpressed with Recession’s End
The nation and the real estate industry seemed unimpressed on Monday by the news that the period lately known as the Great Recession was deemed to have ended in June. June 2009, that is–small wonder no one noticed back then.
CoreNet: How to Manage Real Estate Assets During Economic Turmoil? Ask Intel
Sunil Das had a message: Space matters, but cost matters too.
CoreNet Keynote Speaker: ‘We Have to Do More with Less’
That advice came from American urban studies theorist Richard Florida during CoreNet’s Global Summit.
GGP Strikes $230M Deal Over Disputed Las Vegas Assets
The agreement disclosed on Monday closes the legal battle over the 22,500-acre master planned community about 12 miles from Downtown Las Vegas.
Boston Properties Wins 500,000-SF GSA Lease in Virginia
By Barbra Murray, Contributing Editor In the latest government lease to bolster the Northern Virginia office market, the General Services Administration has taken more than 500,000 square feet for the Defense Intelligence Agency (DIA) at a Patriots Park in Reston, Va. Under a 20-year deal with Boston Properties, the park’s owner, DIA will occupy about 520,000 square feet at Patriots Park, which is located about 20 miles west of Washington, D.C. “This will be a consolidation of DIA groups from various locations throughout Northern Virginia,” Leroy W. Battle, transaction manager with commercial real estate services firm CB Richard Ellis…