News
Hyundai Sticks with its California Stomping Ground for New $150M North American HQ
After shopping around for other locales to accommodate a bigger and better facility, the company has announced that it will stay put.
Economy Watch: Mortgage Walk Away? No Way
Is it right to walk away from a seriously underwater mortgage? According to a survey released by the Pew Research Center, a majority of those surveyed–59 percent–think not, deeming it “unacceptable.”
Teacher Retirement System of Texas Invests in USAA’s $546M Government Building Fund
With the system’s participation, the fund’s equity commitments now total $546 million, with the total size expected to reach $1 billion.
Economy Watch: British Bank to Re-Spark MBS Market?
The RBS, formerly a big player in MBS, was KO’d when the worldwide financial markets went FUBAR two years ago, and hasn’t securitized since.
Anthem Blue Cross in Connecticut Leases 218,000 SF at Would-Be Home of Failed Mortgage Lender
The Campus at Greenhill in Wallingford, Connecticut, a nearly completed 300,000-square-foot office building that had been slated to become the new home of the now-failed Mortgage Lenders Network USA Inc., lands a big fish to occupy two-thirds of the property.
Indiana’s 300-Acre Grand Victoria Casino & Resort Property to Trade for $43M
Home for the Grand Victoria is a 300-acre site fronting the Ohio River, approximately 40 miles southwest of Cincinnati.
Economy Watch: Economy on a Slow Road to Recovery
“Very moderate, gradual, sluggish recovery” seems to be new conventional wisdom of economists.
Pizzuti to Develop Whirlpool’s $85M Corporate Office Campus in Michigan
With workers at 15 owned and leased locations in the area, Whirlpool’s goal is to unite staff members under a three-campus umbrella.
State Department Taps Hellmuth to Design $192M Moscow Embassy Project
With projects ranging from hospitals to agency headquarters across the country, the federal government has a substantial development pipeline but, as evidenced by a recent contract award, its commercial real estate endeavors are not confined to U.S. soil.
NAI Friedland Taps New Chief Executive, Operating Officers
NAI has promoted Anthony Lembeck to chief executive officer and appointed Jay Olshonsky as chief operating officer.