News
Law Firm Proskauer Inks 400,000 SF Times Square Lease – Largest in Midtown Manhattan in Two Years
In what may be a continuing trend of companies taking more space as a recovery gains solid footing, global law firm Proskauer has signed a lease for more than 400,000 square feet at 11 Times Square in midtown Manhattan.
Economy Watch: More Mortgages Modified in April, Some Backslide
According to the U.S. Department of the Treasury on Monday, about 295,000 borrowers have been granted permanent mortgage modifications since the beginning of the Making Home Affordable Program.
Skanska Tapped for $115M Seattle Road Construction
The Swedish development and construction firm will build the $115 million Alaskan Way Viaduct in Seattle, a 0.8-mile stretch on the southern section of the Alaskan Way on the State Route 99 bypass in downtown Seattle.
Lionstone Joins Forces with Teacher Retirement System of Texas on Half-Billion CRE Fund
However, the partners are not going on a discount-buying binge; properties in the country’s multi-billion-dollar pool of distressed assets are not on their target list.
In Public-Private Partnership, Balfour Beatty Kicks Off $123M Student Housing Project in Boca Raton
Newtown Square, Pa.-based Balfour Beatty Campus Solutions L.L.C. has broken ground on the $123 million Innovation Village Apartments at Florida Atlantic University in Boca Raton, Fla.
Economy Watch: Consumers Open Their Wallets a Little More in April
At the forefront of the increase was a 6.9 percent upsurge in sales at building-material stores, such as DIY giant Home Deport and smaller chains of hardware stores, as consumers not only bought spring-related yard items but also replaced more durable equipment such as lawn mowers and big-ticket barbecue systems.
Turner Tapped for $31M Renovation of Portland’s PGE Park
The company will be responsible for overseeing the construction of a training facility, club seating with a full-service restaurant, grandstands with concessions, a roof structure to cover the stands and a new playing field.
Bids Galore, but CBRE Realty Trust Wins 134,000-SF Time Warner Cable Regional HQ in Suburban San Diego
The Princeton, N.J.-based REIT has acquired the fully leased suburban San Diego property, home to Time Warner Cable’s regional corporate headquarters, in an all-cash deal–no debt attached.
Economy Watch: New NW Florida Airport Spurs CRE Development
In a commercial real estate economy like this, finding spots of growth can be a little tricky, but they’re out there.
SPECIAL REPORT: ABA Panel Outlines Potential Situations in LLCs that Need to be Considered at Time of Formation
The LLC is one of the most widely used, but by no means straightforward, ownership entities today. When creating the original LLC contract, many potential situations need to be anticipated.