News
Multi-Housing Capital Advisors Arranges $113M Texas Deal
The $113 million sale of four Class A apartment community properties in Texas has been handled by Multi-Housing Capital Advisors, Inc.
Central London’s Office Market on the Rebound
The office sector in Europe’s major metropolitan cities did not escape the ravages of the global economic crisis, but for Central London, a turnaround is afoot.
Blanca Commercial Expands With Addition of Klein, Valdez
Miami-based advisory firm Blanca Commercial has added a team with 50 years of combined experience. Hank Klein joins the firm as vice chairman, while David Valdez comes on board as executive vice president.
Faris Lee Completes Pair of SoCal Retail Deals
Retail-specialized investment sales and advisory team Faris Lee Investments has been busy over the past week. The Irvine, Calif.-based firm has completed two Southern California retail sales in quick succession.
Start Spreading the News: Big Apple Rents Up, Availability Down
Even the famously resilient Manhattan real estate market has taken a beating during the recession, but the bruises are healing and things are starting to look up. That’s according to FirstService Williams, which is becoming the New York-New Jersey-Connecticut hub of Colliers International.
Economy Watch: Is Corporate America Now Hiring?
As the sine qua non of recovery, the uptick in job creation reflected by the employment increase of 162,000 in March was widely greeted with optimism.
Starwood Eyes $2.8B Hotel Shopping Spree after Closing Two Funds
Starwood Capital Group has just closed two funds totaling $2.8 billion in ample time to capitalize on a market loaded with discounted and distressed assets.
Retail Executives at Most Upbeat Since 2007: ICSC
Something that has been missing from retail real estate for almost three years is starting to make a comeback: optimism.
Wells REIT II Takes IBM’s Suburban Boston Campus in $88.5M Deal
What a difference a few years and a good lease make. Four years after its $25 million acquisition of the then-vacant 490,000-square-foot office complex at 550 King Street in Littleton, Mass., a joint venture of Angelo Gordon & Co. and National Development has sold the fully leased asset to Wells Real Estate Investment Trust II Inc. for $85.5 million in an off-market transaction.
Economy Watch: Some Homeowners Back From the Brink
The Mortgage Insurance Companies of America said this week that the number of U.S. homeowners who caught up with their delinquent mortgages in February was actually higher than the number who slipped into default for the first time. That hasn’t happened in nearly four years.