Commercial Real Estate (CRE) News

  • Old vs. New Guard in CRE, Part 1

    ORANGE COUNTY, CA—In Part 1 of a two-part analysis, GlobeSt.com speaks to commercial real estate hiring professionals about what young CRE hires can share with seasoned professionals and vice-versa.

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  • Voit To Manage, Reposition 2M-SF Portfolio

    RENO, NV—Today’s owners are seeking a lot more than complex analysis, reporting, in-house IT services, systems integration and banking relationships, says a Voit source when talking about its Northwestern Mutual industrial portfolio assignment.

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  • CBRE Employees Are Sold On Workplace360

    LOS ANGELES—A year after implementing its hoteling workspace, CBRE reports that 90% of its employees prefer the open office floor plan to the previous traditional office space, while 83% feel more productive.

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  • CW Solutions Named ‘Disadvantaged Business Enterprise’

    EAST BRUNSWICK, NJ—CW Solutions, a national real estate services firm specializing in the utilities and wireless telecommunications industries, has been certified as a Disadvantaged Business Enterprise (DBE) under the New Jersey Unified Certification Program (NJ UCP), an initiative that streamlines the certification process. Company president Stacie Curtis talks with NJ correspondent Steve Lubetkin in an exclusive audio interview.

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  • NorthStar Originates $144M Loan for RXR Realty

    WOODBURY, NY—--NorthStar Real Estate Income II, Inc. reports it originated a $144-million senior loan secured by a portfolio of 28 Long Island-based commercial office properties owned by RXR Realty, LLC.

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  • Development Site Near Hudson Yards Sold

    NEW YORK CITY—With total buildable square feet of up to 300,000 square feet, the parcel was snapped up by a hotelier who plans to build a property or two, Massey Knakal chairman Bob Knakal tells GlobeSt.com.

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  • HFF Sells Cypress Business Center

    HOUSTON--HFF has closed the sale of Cypress Business Center, a 103,979-square-foot flex distribution facility in Houston.

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  • Capital One Provides Loans for 2 Houston Apts.

    NEW YORK--Capital One Bank has provided loans totaling $74 million to refinance two Houston apartment complexes, the San Cierra Apartments, a 362-unit garden-style complex, and North Post Oak Lofts, a 330-unit mid-rise.

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  • KRE and National Break Ground On Journal Squared Luxury Rental Tower

    JERSEY CITY, NJ—The KRE Group and National Real Estate Advisors broke ground this week for “Journal Squared,” a three-tower, mixed-use development adjacent to the Journal Square PATH Station that the two developers hope will revitalize the massive Journal Square transportation hub and become the centerpiece of a resurgent urban neighborhood.

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  • Equus Unit Breaks Ground on Madison Providence MF Project in Collegeville, PA

    COLLEGEVILLE, PA—Madison Apartment Group, the multifamily operating arm of Equus Capital Partners, has broken ground for Madison Providence, a 240-unit class A property within one half mile of the intersection of Routes 422 and 29.

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  • Hillwood Closes on Georgetown Community

    DALLAS--Hillwood Communities has closed on a 755-acre, $700 million residential community called Wolf Ranch in Georgetown, Texas. Wolf Ranch consists of two separate tracts located off of Wolf Ranch Parkway and Highway 29.

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  • Newgard Posts a ‘First’ in Brickell

    MIAMI—BrickellHouse, a 374-unit luxury condo in Downtown Miami’s Brickell Financial District, is complete. Find out where Newgard Development Group goes from here.

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  • Retail Gurus Answer Tough Questions at CREW

    MIAMI—I moderated CREW-Miami’s luxury retail panel discussion on Wednesday afternoon, questioning three leading voices in Miami’s real estate scene. Find out what surprised them most.

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  • The Path to Hotel Repositioning

    PHOENIX—Maximizing the value of a hotel asset and increasing investment return with a comprehensive analysis of location, competition, hotel segment, renovations and cost is crucial in the industry. The Clear Path to Property Repositioning session at The Lodging Conference, held at The Arizona Biltmore Resort and Spa, took a hard look at these factors and others.

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  • New Lease at Chandler Corporate Center

    PHOENIX—Colliers International in Greater Phoenix recently negotiated a multi-year 24,896-square-foot office lease at the Chandler Corporate Center.

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  • Adventus Acquires Columbia Centre

    CHICAGO—In the past two years, the Canadian REIT has assembled a Chicago-area portfolio with more than 2-million-square-feet.

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  • GSA to Kick Off Solar Power Initiative

    WASHINGTON, DC—The General Services Administration will be holding an event next month geared at advancing President Obama’s “Capital Solar Challenge” and bringing solar power to some of the agency’s DC-area portfolio.

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  • Bethesda Crossing on Market for Sale

    BETHESDA, MD—MRP Realty and the Rockpoint Group Inc., which paid approximately $205 million for the property about two years ago, has put what is now called Bethesda Crossing on the market for sale.

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  • Caesars' Loveman: No Promises on AC Casinos

    ATLANTIC CITY, NJ-Caesars Entertainment CEO Gary Loveman says that the firm’s $125-million convention center under construction next to the Harrah’s Resort Atlantic City shows the gaming company’s faith in Atlantic City’s future.

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  • Hartz Drops Multifamily Plan in Secaucus

    SECAUCUS, NJ—Hartz Mountain Industries has abandoned plans to build an apartment complex at a former carpet center here and Secaucus Mayor Michael Gonnelli blames the New Jersey Meadowlands Commission for the project’s demise.

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  • US Industrial Recovery Stays Resilient

    CHICAGO—The US industrial vacancy rate just hit its lowest point in more than a decade, and C&W’s John Morris says there are reasons to be optimistic that the recovery will continue for some time.

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  • Chetek Rejoins M&M in St. Louis

    ST. LOUIS—Brett Chetek was most recently a SVP at CBRE, but has decided to rejoin his old firm, and brings a large retail portfolio with him.

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  • KC Industrials Closing in on Strong 2014

    KANSAS CITY—Although vacancy had increased during the second quarter due to the huge amount of new spec construction delivered, this time users absorbed space faster than it hit the market.

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