Vornado Nets $126M in 11 Penn Plaza Refi
Vornado Realty Trust rang out the old year by completing a $330 million refinance for 11 Penn Plaza, a 1.1-million square-foot office building in Manhattan.
2011 Best Practices Index
Our industry is full of a resilient group of companies. Nothing demonstrates this more than the results of out 2011 Best Practices Index.
2012 Forecast: Partly Cloudy With a Chance of Improvement
CPE offers a snapshot of forecasts for the new year, portraying the likely trends that will shape commercial real estate in 2012.
Taubman Completes $560M Purchase of Three Centers
Retail REIT Taubman Centers Inc. has completed the $560 million purchase of three shopping centers from Davis Street Properties.
Heitman Co-Sponsors Behringer Harvard REIT, Acquires Minority Interest in 15 Properties
Behringer Harvard Multifamily REIT I Inc. has just entered into a new co-investment partnership with one of the world’s largest pension funds, advised by Heitman L.L.C., a multinational real estate investment management firm with more than $23 billion of assets.
Amid Changes, Furloughs at Grubb, Healthcare REIT Picks up $112M Portfolio
Amid the process of furloughing a small percentage of its workforce, Grubb & Ellis is still seeing one of its vehicles — Grubb & Ellis Healthcare REIT II — purchase an eight-property medical-office portfolio for $112 million.
FDIC Regional Office Re-Ups in Midtown Atlanta
FDIC, the banking oversight agency, has re-upped for 102,619 square feet at Ten 10th Street, the building’s owner, Parkway Properties Inc., said Monday.
Liberty Kicks Off 1.2 MSF Industrial Project in Lehigh Valley
The $62 million project will provide new big-box industrial space to a thirsty market and reclaim a brownfield site that was once home to the Bethlehem Steel Corp.
Seniors Housing on a Tear, Reports Show
Multiple reports out of the seniors-housing sector all seem to be saying the same thing: Things are going very, very well. Studies by NIC MAP and Senior Housing Investment Advisors are both bullish on the sector’s outlook.
With $560M Deal, CubeSmart is Metro NYC’s Top Self-Storage Owner
The company just signed a deal to purchase a 1.6 million-square-foot collection of premier properties in metropolitan New York City from Storage Deluxe.
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