News
Economy Watch: Banks Will Need Bigger Capital Cushions
Banks worldwide will eventually have to keep more capital under their mattresses, metaphorically speaking, under new rules published over the weekend by the Basel Committee on Banking Supervision, a group of regulators and central bankers who meet periodically in Switzerland.
Nashville Dell Acquires 504,000 SF in Industrial Properties
Half a million square feet is impressive these days.
DivcoWest Acquires 640,000-SF Sacramento Office Portfolio
The portfolio includes one six-story office tower and five mid-rise buildings.
Premier 146,000-SF D.C. Office Building Trades for $93.5M
Investors continue to flock to the Washington, D.C., office market, and Falcon Real Estate Investment Company L.P. is one of the latest to snap up a premium property.
Economy Watch: Unemployment Claims Tick Downward, Monster Optimistic
According to the U.S. Department of Labor, for the week ending Sept. 4, seasonally adjusted initial jobless claims were down 27,000, to a total of 451,000, compared with 478,000 the week before.
Starwood Capital Sells Iconic Hotel Lutetia in Paris for $171M
The famed Hotel Lutetia in Paris has changed hands after five years under Starwood’s ownership.
VA Taps Kiewit-Turner JV for $800M Denver Replacement Hospital
The new Denver VAMC will occupy 31 acres on the former Fitzsimons Army Medical Center site, also home to the University of Colorado Hospital complex.
Baisiwala Tapped as Portman CEO
Baisiwala will oversee the firm’s management and profitability along with overseeing overall operations in real estate developments, investments, management and capital raising.
HFF Closes on Suburban Birmingham’s 115,282 SF Cahaba Village
The shopping center houses Alabama’s only Whole Foods Market, something that HFF senior managing director Barry Brown says contributed to positive sales results in 2009.
Glimcher Gains Control of Scottsdale Quarter to the Tune of $120M
Scottsdale Quarter, a $250 million project that opened in 2009, has 600,000 square feet of retail and office space on 28 acres.