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ROSEVILLE, CA-The owner-manager of 8,300 units in Northern California pays approximately $63.5 million for a 465-unit value-add opportunity in partnership with Urdang.
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| FEATURES | ||
| Manhattan Rental Market Feels Headwinds After enjoying high rental rates for the past few years, landlords in the Big Apple are finding it necessary to reduce rates and offer concessions. |
HUD Helps Puerto Rican Housing A $600-million deal with HUD will help the commonwealth modernize 4,100 public housing units. |
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EXPERT OPINIONS
‘Clearly, some properties had no business ever getting built.’
'You have to be extremely agile today and able to analyze a myriad of different opportunities.'SECTOR WATCH
Despite Economy New Hampshire Deals ClosingPORTSMOUTH, NH-Alpha Flying is leasing new space, while Tom & Elizabeth Robinson are taking over ownership of student housing at UNH.
INDUSTRIAL
• 667,000-SF Produce Hub Readies to Break Ground• Pharmacy Firm Could Attract More Tech
• Victaulic Co. Leases in New Distro Center
OFFICE
• Acquisition, Credit Line Reflect Strategy• Medical Offices Project Hope Amid Gloom
• Low Rents Explain $4M Sale of Office Tower
RETAIL
• Developer Uses Facebook, Online Tools to Build Dialogue• Urstadt Biddle Reels In Veteran's Plaza
• Nordstrom Rack Anchoring 50,000-SF Expansion
HOTEL
• $250M Eastside Cannery Casino Debuts• L.A. Live Tops Out Regal Cinema
• R.D. Olson Names J. Lofton Moore President
NET LEASE
• Conference: IE Shadowed by Dark Economy• Landmark Royal Hawaiian Goes to Market
• County Investigates 1031 Intermediary
AROUND THE NATION
GlobeSt.com: Brazilian Steakhouse to Anchor 1515 Wynkoop
DENVER-Fogo de Chão Churrascaria inks a 15-year deal for more than 12,000 sf on the first floor of the eight-story Lower Downtown office building slated for occupancy in March 2009.
HEADLINES
• Real Estate Forum: Still Closing
• GlobeSt.com:
Fannie Replaces CFO, Hopes for Recovery Rise
• NetLease Forum:
Quiet Q2
