News
BuildingIQ Enters U.S. Energy Management Market
A new energy cost solution is emerging, thanks to the Australian government.
Economy Watch: According to the Chicago Fed, Zero is a Good Number
Zero might not sound good, but not only is it better than June’s negative value, it’s a lot better than around the beginning of 2009, when the index was nearly minus 4.0.
Boston Properties to Buy Macklowe’s Debt-Ridden 510 Madison Ave. in NYC for $280.5M
Lender issues, lawsuits, a vacant tenant roster and a fire. A boatload of problems have surrounded the brand-new office building at 510 Madison Ave. in Midtown Manhattan, but change is in the air now that Boston Properties has committed to acquiring the fee title to the 350,000-square-foot office building.
Canyon-Johnson Urban Funds Tapped for $22.6M to Complete Brooklyn Condo Project
To complete the project, OL Washington will retain current general contractor Triton Construction Co., along with hiring residential brokerage The Corcoran Group to market the units upon completion.
Westcore, CT Realty Form JV to Acquire 1.4MSF Cajon Distribution Center
The 1.4 million-square-foot center was acquired for its location and position in the marketplace, according to Westcore principal and director of southwestern United States acquisitions Steve Bollert.
Marcus & Millichap Taps Volen as VP, Investments in San Diego
Previously Volen held the position of associate vice president investments. He began his career with Marcus & Millichap in 2004 as an office and industrial property investment sales specialist.
Economy Watch: San Antonio Mall Aims for Better Times With Redevelopment
Though San Antonio hasn’t suffered nearly as much during the recession as other warm-location cities such as Phoenix and Las Vegas, its economy and its retail activity slowed with the U.S. economy.
Turner Construction Spearheads Casino Addition for Harrah’s Cherokee $633M Expansion
Owned by the Eastern Band of Cherokee Indians, Harrah’s Cherokee occupies 56 acres at the mouth of Great Smoky Mountains National Park, about 50 miles west of Asheville.
Sterling to Raise $730M in Capital
The agreement is part of Sterling’s major recapitalization plan.
Smooth Ride: Ed Padilla Leads NorthMarq Capital’s Steady Growth
This year Ed Padilla marks his 10th anniversary as CEO of NorthMarq Capital, the Minneapolis-based real estate investment bank that has climbed to the elite ranks of real estate mortgage banking on his watch.