News
Huge SF Apartment Complex in Default
The San Francisco Chronicle is reporting that the owner of the city’s 116-acre Parkmerced apartment complex is expected to announce that the loan on the property has fallen into default.
Economy Watch: Consumers Feeling a Bit Peppier
For the third month in a row, consumer confidence is up.
Marcus & Millichap’s Outlook Paints Promising, Complex Picture at RECon
Retail real estate and the economy at large offer a refreshingly promising picture these days, but decision-makers who ignore changed conditions and potential pitfalls do so out their own risk. That might well sum up the consensus of the panel of experts assembled in Las Vegas Monday afternoon by Marcus & Millichap Real Estate Investment Services Inc. for the firm’s annual economic and retail outlook.
Quiznos on the Hunt for Nearly 1M SF for 600-Store Countrywide Expansion
The quick service sandwich chain is currently mining markets from one end of the country to the other for locations for 600 new corporate-owned restaurants.
Equity One Makes its California Debut with $600M JV Purchase of C&C USA
There are few better ways to enhance a commercial real estate portfolio by 2.6 million square feet in one fell swoop than by acquiring a commercial real estate company, and Equity One Inc. has done just that.
Saywitz Promotes Roberts to Director of Leasing
Throughout his seven-year tenure at Saywitz, Roberts has worked in various capacities relating to leasing and tenant relations for the firm’s multifamily portfolio throughout Orange County.
Leases Totaling 120,000 SF Finalized at Miami’s Brickell Office Tower
The tower’s new tenants include private investment firm HIG Capital, Spanish financial institution Bancaja, and Kempler Energy, which is relocating from New York City.
Digital Realty Acquires 82,000 SF in Silicon Valley
The buildings are located on a single 4.2-acre parcel across the street from another Digital Realty campus.
Economy Watch: April Existing Home Sales Fueled by Last Gasp of Tax Credit
Existing U.S. home sales surged an unsurprising 7.6 percent in April from March to an annualized rate of 5.77 million, according to the National Association of Realtors on Monday. Compared with April 2009, sales were 22.8 percent higher.
Four Leases Totaling 79,500 SF Signed at Seaport Center Boston
The Beal Companies L.L.P. and Rockport Group L.L.C. inked deals with Monster.com and Verizon for 28,000 square feet each, Altran Solutions for 13,500 square feet, and Interaction Associates for 10,000 square feet.