News
Glimcher Completes $320M JV with Blackstone
With the closing of a joint venture transaction valued at $320 million, Columbus, Ohio-headquartered Glimcher Realty Trust now shares ownership of two of its shopping malls with New York-based The Blackstone Group.
Economy Watch: Case-Shiller Index Bumps Up Again
The latest S&P/Case-Shiller home price index, which tracks residential valuation in 20 major U.S. metro areas, saw a 0.3 percent uptick in January 2010, compared with the previous month. It was the eighth time in a row that the index inched upward, with 12 of the 20 areas registering gains for the month.
JLL Adds Cissel, Melnick to Its Multifamily Investment Sales Business
Jones Lang LaSalle continues to aggressively expand its leadership. Al Cissel and Scott Melnick have joined the firm’s Mid-Atlantic multifamily investment sales practice as managing directors. The two industry veterans will work out of the Maryland office.
Land Transfer Pushes Mixed-Use Residential Project in Silicon Valley Forward
Job losses and the recession have depressed the national apartment market, but there are those small pockets that have continued to experience demand, like the town of Sunnyvale in California’s Silicon Valley, where a big step has recently been taken in the development of the 336-unit Luminaire mixed-use residential project.
Sperry Van Ness Implements New Mobile Marketing Technology
Commercial brokerage firm Sperry Van Ness has begun using a mobile marketing platform known as Qonnect.mobi for its commercial property listings.
JLL: Government to Lead 2010 Office Market Recovery
In a research report, Jones Lang LaSalle predicts that the U.S. federal government will lead this year’s recovery in office space.
Consumer Confidence on the Rebound in March
After a decrease last month, the Conference Board Consumer Confidence Index took a decided turn for the better in March.
USAA Lands 1.2M-SF Build-to-Suit Industrial Property in Atlanta
The struggling Atlanta industrial market is about to get a big infusion of space, but fortunately, it will not spike the vacancy rate.
Healthcare Trust, Plaza Companies Join Forces on Phoenix MOB Portfolio
Healthcare Trust of America and Plaza Companies are working together on more than 641,000 square feet of medical office buildings in the Phoenix metro area – a continuation of Healthcare Trust’s aggressive expansion efforts in Arizona.
Stan Johnson Opens First Chicago Office
In a continuing expansion initiative nationwide, real estate brokerage and advisory firm Stan Johnson Co. has opened a new regional office in Chicago.