Research Center
2014 Most Powerful Brokerage Firms
Last year’s Most Powerful Brokerage Firms ranking depicted a dramatic increase in investment sales over years prior. This year proves no different, with nearly half a trillion dollars in sales attributed to the firms on this list.
Starwood Retail to Buy 7 Taubman Malls for $1.4B
Starwood Capital’s two-year-old retail affiliate agrees to acquire properties in Virginia, South Carolina, Florida, Texas and Michigan.
HCL-MarqE Buys 352 KSF Retail Center in Houston
The new owners acquired the property, which is located on I-10 West, from a joint venture of Canyon Capital Realty Advisors L.L.C. and Fidelis Realty Partners.
New York City Spotlight: Sales Slowdown
By Georgiana Mihaila 2014 kicked off with a rather sluggish sales pace for the commercial real estate sector, with sales dropping by more than half compared to the first quarter of 2013. The overall sales volume for the first quarter accounted for slightly over $6.6 billion, com- pared to an impressive $16 billion recorded within the same timeframe last year. While the numbers might seem gloomy, the slowdown can be partially credited to a limited number of transactions over $50 million. In the first quarter of 2013, there were 62 high-profile transactions above $50 million, whereas in the first quarter…
Numbers Game
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
First-Quarter Recovery
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
Gramercy to Buy Garrison’s 50% Interest in $395M Bank of America Portfolio
Gramercy Property Trust is acquiring the 50 percent interest in a $395 million Bank of America office portfolio from its joint venture partner Garrison Investment Group.