News
Green: ‘Exiting Stage Left is Not Easy’
Last week Marcus & Millichap president and CEO Harvey Green announced his retirement. Green joined the firm in 1981 and rose through the ranks to lead the company’s growth from 22 offices and 424 agents in 1996 to 76 offices and more than 1,200 agents today. CPE caught up with Green to discuss his feelings about his departure and his thoughts on his tenure with Marcus & Millichap.
Top LA Brokers Form LA Realty Partners
Hunt Barnett knew it was time to move on. That’s why the former principal at Los Angeles commercial real estate sales and leasing firm Madison Partners, along with five other major brokers, chose to rebrand as LA Realty Partners.
Economy Watch: Brown Taking Moody’s to Court
In a particularly Jerry Brown turn of phase, the California Attorney General said on Monday that Moody’s Investors Service is “blowing off” the state of California.
Mesa West Provides $44M in Financing for SoCal Office Building
Mesa West Capital said on Monday that it has provided CB Richard Ellis Strategic Partners U.S. Value 5, LP (CBRE Investors) with $44 million in first mortgage financing for the 500 North Brand Avenue building in Glendale, Calif.
Turner Tapped for $300M Replacement Hospital in San Jose, Calif.
Officials in Santa Clara County, Calif., have selected Turner Construction Company to manage construction of a $300 million replacement hospital for Santa Clara Valley Health and Hospital System in the city of San Jose.
Deloitte: REITs the New Infrastructure Investment Opportunity
According to a new report from Deloitte, REITs could offer a potential avenue for infrastructure investment.
Economy Watch: Unemployment Stuck at Bad
The U.S. Department of Labor reported on Friday that regional and state unemployment rates didn’t budge much in March.
Lodgian’s Stockholders Green Light $270M Merger with Lone Star
Lodgian Inc. shareholders met on “Tax Day” to sign off on a deal that calls for Lone Star affiliates LSREF Lodging Investments L.L.C. and LSREF Lodging Merger Co. to acquire the hotel company for a cash sum of $2.50 per share for all outstanding stock.
Healthcare Reform to Boost Healthcare Real Estate Industry
Healthcare real estate, having managed to fare better than most commercial real estate sectors during the industry’s downturn, is now positioned to blossom as a result of the recent passage of the highly contentious Patient Protection and Affordable Care Act and The Healthcare and Education and Reconciliation Act of 2010, according to a report from Fitch Ratings.
Paths for Leadership Pondered at ULI Summit
Whatever their regions or business lines, all commercial real estate executives today face the same fundamental question: what is the best way to move forward in this promising but still highly unsettled market?