Author: Robert Carr
Executive Bio
Robert Carr has been a newspaper reporter/editor since 1989, and has also covered commercial real estate news for various publications since 1996. He specializes in the Midwest, including Chicago, the third largest US market; and also covers all news happening in Europe, Asia, Australia, South America, the Middle East and Canada. Carr also serves as a public affairs officer in the US Navy Reserves. Contact Robert Carr.
Archive
Baker Uses $66M Loan for Retail Refinance
CHICAGO-The company, represented by Meridian Capital Group, accepted the approximately 4% fixed-rate loan for a 178,700-square-foot center near DuPaul University. FULL STORY
Continental Buys Apartments for $25M
LOUISVILLE, KY-The Denver-based company has acquired the 355-unit Jamestown at St. Matthews here, and looks to invest another $100 million in the city. Plus more Midwest news. FULL STORY
Garrison Selects Urban to Manage Four Malls
CHICAGO-The malls are located in Colorado, Kansas, Alabama and Georgia, totaling about 2.8 million square feet. FULL STORY
NorthMarq Folds in Minneapolis Cushman Office in JV
BLOOMINGTON, MN-The two companies have formed a joint venture, with a NorthMarq dominated board, to provide brokerage services. NorthMarq Capital is not involved in the JV. FULL STORY
Aqua Designer Gang Wins Genius Grant
CHICAGO-Jeanne Gang, the 47-year-old designer of Aqua Tower and other Chicago projects, was named one of 22 fellows of the MacArthur Foundation on Tuesday. FULL STORY
Low Development Boosts Office Rates in Russia
MOSCOW-Rents here and in St. Petersburg increased by more than 10% in the first half, while most of the rest of the EMEA remained flat, according to Colliers. FULL STORY
Canada Pension Board, GGP Join for Two Malls
ST. LOUIS-A joint venture of Davis Street and a Verizon pension fund sold the 482,000-square-foot Plaza Frontenac, and GGP gave up a 26% interest in the massive Saint Louis Galleria. FULL STORY
JLL Hires Valuation Team for Mexico
MEXICO CITY-Alfredo Giorgana will lead a team of eight as director of valuations for the firm. The country mirrors US 2011 growth trends, though drug crime still causes business problems. FULL STORY
Hines JV Completes $704M Office Work, No Tenants
LONDON-The company paired with Network Rail and London Underground to finish the Cannon Street station renovation and a 400,000-square-foot new building, with no leases yet. FULL STORY
World Markets to ‘Muddle Through’ Uncertainty
LONDON-The three top global economists at CB Richard Ellis discussed the uncertainty that descended in the second half, and agreed that slow but positive growth is the future prognosis. FULL STORY
