Regions
DivcoWest Buys 251 KSF, 5-Property Silicon Valley Office Portfolio
Picking up five office properties in Santa Clara, Calif., DivcoWest spent nearly $40 million on the 251,000-square-foot Walsh @ Bowers portfolio. The buildings, sold by RREEF, were marketed by Cassidy Turley.
Cushman: Global Office Markets Mixed Heading into 2012, 2013
While some road bumps will continue through the foreseeable future, global real estate markets will undergo a slow recovery through next year and into 2013, according to a report by Cushman & Wakefield Inc.
Dubai Group Selects Ex-Lehman Execs to Manage $1.1B Portfolio
Silverpeak Real Estate Partners has been tapped by Dubai Group and its subsidiary to provide asset/investment management services for, and eventually restructure, a $1.1 billion commercial real estate portfolio in the United States and Germany.
Mack-Cali, Ironstate to Develop Jersey City Multi-Family Towers
The multifamily market in Jersey City, N.J., is heating up and Mack-Cali has formed a joint venture with Ironstate Development Co. to capitalize on the growing demand and erect a two-tower luxury apartment property along the waterfront.
Avison Young Acquires L.A.-Based Ramsey-Shilling
Avison Young continues to increase its presence in the U.S. by opening new offices and snapping up firms, and now the Canadian firm has expanded its footprint with the acquisition of Ramsey-Shilling Commercial Real Estate Services Inc., a leading Los Angeles brokerage firm.
JLL: 2012's CRE Outlook Still in Flux; Bright Spots Exist
Jones Lang LaSalle’s outlook for 2012 shows that, while the economy remains in a state of flux, things are generally set to improve. But there are going to be some very bright spots — such as the multi-family sector, which is going to remain the darling investment class.
Fountain Investments Buys 1.3M Acres of Nevada Land for $31M
In one of the largest land sales in U.S. history, Florida-based Fountain Investments has purchased 1.28 million acres of land and mineral rights in Nevada, giving it a parcel by acreage larger than the state of Rhode Island.
GE Capital Launches $535M Investment in European Office Properties
Despite the European markets being as unsteady as — if not more unsteady than — domestic markets, GE Capital Real Estate is making a big bet on quality office assets in England, France and Germany with $535 million (400 million euro) secured from third-party sources.
Miami-Based Investment Firm Grabs 30-Story Chicago Multi-Family Tower
CH South Michigan Apartments, a vehicle of Miami-based Crescent Heights, purchased Chicago’s 1212 S. Michigan Ave., picking up the 30-story, 344-unit tower for approximately $60 million.
Marcus & Millichap: Inland Empire Apartment Market to Prosper
California’s Inland Empire, an area hit particularly hard by the Great Recession and its aftershocks, is seeing an intensification of demand for rental properties, according to a new report by real estate investment specialist Marcus & Millichap.