Commercial Real Estate (CRE) News

  • What’s Important to Apt. Renters, Investors

    SAN DIEGO—Sustainability and higher returns are on the minds of tenants and investors, respectively, Sudberry Properties’ Marco Sessa tells GlobeSt.com in this EXCLUSIVE interview.

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  • Beating the Competition in Land Buys

    IRVINE, CA—Time is of the essence when it comes to winning land bids, so access to the proper data and advice in real time is crucial, Market InSite’s Bob McFarland tells GlobeSt.com in this EXCLUSIVE interview.

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  • Why Companies Look at Competing States

    SAN FRANCISCO—Transwestern’s new hire, executive managing director Rob Bagguley chats with GlobeSt.com’s Natalie Dolce about San Francisco’s economic drivers and regional challenges.

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  • Buchanan To Invest in Dallas Properties

    DALLAS—Buchanan Street Partners is making a big investment in Texas. The Newport Beach, Calif.-based firm has acquired Granite Tower, a 10-story, 240,000-square-foot office building in North Dallas.

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  • Tucson Shopping Center Trades for $46M

    TUCSON—Lee & Associates has completed the sale of the Casas Adobes Plaza, an upscale retail shopping center in Tucson for $46 Million.

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  • NAI Partners To Handle TGS Park Marketing

    HOUSTON--NAI Partners will handle the marketing of TGS Cedar Port Industrial Park, the largest master-planned rail- and barge-served industrial park in the country, on behalf of TGS Cedar Port Partners LP.

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  • University Tech Center Trades Hands

    POMONA, CA—Buchanan Street Partners buy the 100,360-square-foot office campus from Invesco with plans to redevelop the common areas and outdoors space.

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  • Encore Hospitality Acquires McAllen Hotel

    DALLAS–Encore Hospitality LLC, a subsidiary of Encore Enterprises Inc., has purchased a Residence Inn hotel in McAllen. The property was previously owned by Encore Hospitality and sold in 2007.

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  • Institutions: Mgmt. Fees Need to Change

    NEW YORK CITY—When it comes to alignment of interests, investors rank fees as the area most need of improvement in four of five alternative asset classes, Preqin says.

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  • Cleeman: CRE Firms Must be Multidimensional

    NEW YORK CITY—The newly appointed SVP of retail investment sales at Winick Realty Group—which revealed plans to form a division focused on the area earlier this week—tells GlobeSt.com what’s behind the plan and how he’ll grow the team in this EXCLUSIVE interview.

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  • Flip Share Dropped in 2014

    IRVINE, CA—Although the share of flips of single family homes grew in Q4, they represented just 5% of all home sales throught the year, the lowest share since 2011, according to a year-end report from RealtyTrac.

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  • Video Interviewing Spreads to RE Recruiters

    CHICAGO—Technological advances have greatly improved the quality and lowered the expense of digital interviewing, and real estate firms are increasingly using it to get more insight into recruits’ personalities.

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  • JV Constructing 370,000 SF Spec Building

    ATLANTA—“We will deliver approximately 1 million square feet of industrial product in Atlanta in 2015.”

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  • Hogan Hints at New Office Paradigm

    MIAMI— GlobeSt.com caught up with Stephen L. Smith, vice president of The Hogan Group, to talk about how companies are rethinking office space in part one of this EXCLUSIVE interview.

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  • Gallagher Leases 51K SF at The Crossings at Jefferson Park

    WHIPPANY, NJ—Commercial insurance firm Arthur J. Gallagher & Co. has leased 51,000 square feet at The Crossings at Jefferson Park, owned by a joint venture of Vision Real Estate Partners and Rubenstein Partners. Gallagher will relocate 300 employees to the recently redeveloped office campus in Whippany from Short Hills, NJ, in an expansion of its regional risk management services practice.

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  • NAI Mertz of PA Brokers Hazelton Industrial Building Sale to Development Agency

    HAZLETON, PA—NAI Mertz of PA sold a 25,000-square-foot industrial building located at 63A Green Mountain Road in Hazleton, PA, to Greater Hazleton Community Area New Development Organization, Inc. The agency’s goal is to foster economic activity in the greater Hazleton Area through acquiring and developing the land and infrastructure needed to attract new industries and new jobs to greater Hazleton.

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  • GRID Sells Four-Acre Jersey City Parcel for $19.5M

    JERSEY CITY, NJ—GRID Real Estate, LLC arranged the $19.5 million sale of Puccini’s, the famed Italian catering hall and eatery on Jersey City’s West Side, along with six adjacent parcels. New York-based Amerstate Holdings, LLC purchased the Puccini’s properties from Boca Corp, long time owners of the four-acre site.

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  • Five Key Trends in Industrial Finance

    CHICAGO—The fact that many institutional investors and REITs use a conservative financing strategy, with little or no mortgage financing, is just one of the challenges for lenders.

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  • Moston Joins JLL as SVP/Retail

    CHICAGO—Retail development, both general retail and mall construction, have increased lately, and JLL felt it necessary to expand its team.

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  • Philly Hotel Now Flies the Hilton Flag

    PHILADELPHIA—The former Hyatt Regency Hotel at Penn’s Landing reopened on Thursday as the Hilton Philadelphia at Penn’s Landing.

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  • Former GSA Head Joins Artemis Real Estate Partners

    CHEVY CHASE, MD—Dan Tangherlini, who recently left his post as administrator of the General Services Administration, has been named chief operating officer of Chevy Chase, MD-based real estate investment and management firm Artemis Real Estate Partners.

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  • Economist Predicts Slow Job Growth in Greater Baltimore

    BALTIMORE—PNC Financial Services Group predicts Greater Baltimore’s employment growth rate will be below the national average and that the region’s unemployment rate will be higher than the U.S. jobless rate.

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  • Major MXD Project Hits Green Note

    SAN DIEGO—One Paseo’s developer Kilroy Realty meets opposition to its 23.6-acre mixed-use project with LEED features that will improve traffic and the environment, VP of development Bob Little tells GlobeSt.com EXCLUSIVELY .

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  • Red Lion Bellevue Sold to Developers

    BELLEVUE, WA—Depicting the property as a great redevelopment opportunity in the center of a new transit-oriented overlay, Kidder Matthews brokered the sale on behalf of Red Lion Hotels Corporation.

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  • Permit Pulled for Wailea Hotel

    WAILEA, HI—California-based R.D. Olson has other similar projects underway or planned in Hawaii.

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  • $105M Watergate Village Sale: It's All About the Water

    ANNAPOLIS—The apartment building offers a significant upside because of its appeal to higher income residents, CBRE's Bill Roohan tells GlobeSt.com.

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  • Mayor To Overhaul Development Approval Process

    SAN DIEGO—In an UPDATE to a previous story, Mayor Kevin Faulconer plans to move forward with much-overdue public infrastructure projects, among other things.

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  • BOMA Picks 2015 Pinnacle Award Winners

    NEW YORK CITY—The Building Owner and Managers Association of Greater New York handed out its 2015 BOMA/NY Pinnacle Awards last night to individuals in eight building categories as well as to the organization’s Outstanding Local Member and Manager of the Year.

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  • Massive Concrete Pour Planned for Highrise Hotel-Residential Project

    BELLEVUE, WA— Lincoln Square Expansion project team will execute a continuous 24-hour pour for the foundation of a 41-story tower.

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  • Office Tenants Beware of This Reality

    MIAMI— Across South Florida there is very little office space under construction. Some say that translates to a huge demand for office space in three to four years. What should tenants do?

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  • IRR Drives a Flatiron Building Sale

    NEW YORK CITY—The capital partner of the Kaufman Organization, Lubert-Adler, is an IRR-based fund, making the timing right for a disposition of 27 W. 24th St., Savills Studley's Woody Heller tells GlobeSt.com.

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  • IndCor Deal Closes; Rebranding Ahead

    CHICAGO—Global Logistics Properties, which will manage the platform via the existing IndCor team, plans to syndicate most of its 55% stake by summer.

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  • American Realty Focuses on L.A. Industrial

    LOS ANGELES—The institutional investor buys the Shoemaker Distribution Center because it is at the top of its competitive set, GlobeSt.com reports in this UPDATE to a previous story.

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  • VCN Plans Mixed-Use Development

    CULVER CITY, CA—After buying the Surfas Culinary District, the developer secures a $10 million loan to develop a 100,000-square-foot property on the site.

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  • Allstate, Trammel Plan 1-75 Spec Industrial

    ATLANTA—“Given where we are in the real estate cycle and overall economic recovery, we believe building new industrial product in strong markets positions Allstate well to achieve attractive returns,” says Edgar Alvarado.

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