Regions
Voit Continues Las Vegas Expansion
Voit Real Estate Services has tapped George Okinaka as a senior associate in its Vegas office as part of its continued effort to spread its wings locally.
Manhattan Retail Condo Commands $324M
Spain’s Inditex Group purchased the 38,750-square-foot space, the former home of an NBA store, from a joint venture involving Carlyle Group, Crown Acquisitions and Kushner Cos.
Lee & Associates Names Fulkerson, Linklater Principals
Grant Fulkerson and Scott Linklater are both industrial brokers specializing in the sale and leasing of properties and development land, Fulkerson throughout the Eastern Ventura County and Conejo Valley markets and Linklater throughout the West San Fernando Valley and Ventura County markets.
LaRue Tapped as New Forest City CEO
David LaRue will succeed current Forest City Enterprises Inc. president & CEO Charles Ratner as of June 10, 2011. LaRue is the first non-Ratner family member to take the position.
D.C.’s Market Square Fetches $615M
The 679,000-square-foot Class A office complex will be acquired by Wells Real Estate Investment Trust II. Its tenant base includes Bayer Corp., Novartis, Proctor & Gamble and United Healthcare.
New Denver Office Building Trades for $213M
The 500,000-square-foot office building at 1800 Larimer St. comes under new ownership just nine months after developer Westfield Co. Inc. put the finishing touches on the technologically advanced tower.
D.C. Project Breaks Ground
With Clark Construction Group L.L.C. at the helm as general contractor, Monday Properties has commenced construction of 1812 N. Moore St., a 580,000-square-foot, 35-story spec office project in Arlington, Va., that upon its completion will carry the distinction of being the tallest green building in metropolitan Washington, D.C.
Abacus, QVT Flip Property, Gain Profit
Acquire an asset, hold it for a year or so and then sell at a sizable profit. Sounds like a 2007 transaction outcome, and apparently it is for Abacus Capital Group and QVT Mount Auburn Capital L.P. The multi-family investment advisor and the real estate private equity fund recently sold the Enclave at Adobe Creek apartment community in Petaluma, Calif., for $68 million after having bought the property for $52 million in October 2009.
Equity Becomes Leader in Brazil Self-Storage Market with $58M Investment
Investing in GuardeAqui, the top self-storage company in the country, made the firm an overnight market leader.
IPD Seminar: CRE Recovery Also Depends on Jobs
Now that the economy is chugging along, will employers start hiring enough workers to put the millions of Americans who lost their jobs in the wake of the Panic of 2008 back to work? Probably, but indications are that labor will continue to see a slow recovery — the slowest, in fact, in modern times.