News
Higher Vacancy, Lower Rents in Greater Boston Office Market
Optimism mixed with some glum news for the Greater Boston office market made itself apparent in Richards Barry Joyce & Partners’ OfficeSTATus report for Spring 2010.
Healthcare Trust Completes $29M Triad Technology Center Acquisition
Real estate investment trust Healthcare Trust of America, Inc. has wrapped up yet another acquisition – this time of the 101,400 square-foot Triad Technology Center in Baltimore. The purchase price was approximately $29.3 million.
Kennedy Wilson Hires Verratti, Tightens Focus on Distressed Denver-Area Assets
Real estate services and investment firm Kennedy Wilson is increasing its efforts to acquire distressed assets in the Denver and Western Slope markets through the hiring of Rob Verratti as acquisitions manager.
Inland Western Gets $449M in Secured Loans, Extensions
Inland Western Real Estate Trust said Tuesday that it has obtained mortgages payable proceeds of $394.7 million and closed on $54.7 million in multi-year loan extensions.
Economy Watch: Apartments Doing Better, Maybe
Real estate research firm Reis said on Tuesday that the vacancy rate for U.S. apartments was 8 percent in 1Q10.
Select Service Segment Positioned to Improve and Lead Hotel Market’s Rebound
From an investor’s perspective, it’s going to be a positive year for the hotel market’s select service segment, according to real estate services firm Jones Lang LaSalle Hotels’ bi-annual U.S. Select Service Hotel Investor Survey.
Skanska Spearheading $47M Hospital, Other Major Projects
Stockholm-based development and construction group Skanska has been tapped to build the $47.6 million Smyth County Community Hospital in Marion, Va.
Ernst & Young: CRE Prices Have Further to Fall
Ernst & Young has a message for the commercial real estate industry: We haven’t hit bottom yet.
Barcelona, Dow Enter $450M Joint Venture
Financial investment firm Barcelona Hotel Group and hotelier Dow Hotel Company have joined forces to acquire and operate hotels.
Economy Watch: Pending Home Sales Spike Unexpectedly
Pending home sales unexpected escalated in February by 8.2 percent compared with January, according to the National Association of Realtors on Monday.