Breaking News Breaking News <![CDATA[Studley Opens Office in Denver Tech Center]]> DENVER-The office is the firm’s second in the Denver area. Studley plans to hire five real estate professionals there in the next 24 to 36 months.

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<![CDATA[Davlyn Investments Gains Buying Momentum]]> SAN DIEGO-The firm helps its investors focus on the ‘unique fundamentals of the opportunity’ not on ‘macroeconomics of Europe’ with a recent $14-million apartment and $23-million office acquisitions.

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<![CDATA[JLL Brings In Healthcare Veteran to Lead Carolinas Practice]]> CHARLOTTE, NC-McGarry will advise existing clients and seek new business development for the firm’s healthcare-related service lines.

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<![CDATA[Tryko Acquires Affordable Housing in Atlantic City]]> ATLANTIC CITY-The Barclay Arms deal caps a 12-month period that saw the firm’s multifamily portfolio nearly double.

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<![CDATA[Chesapeake Lodging to Acquire Hyatt Place for $77M]]> NEW YORK CITY-The REIT, on an acquisition spree of late, will enter a management agreement with Real Hospitality Group once the hotel is completed.

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<![CDATA[2099 Pennsylvania Pricing Reflects Larger Trends]]> WASHINGTON, DC-Word on the street has the trophy building trading at $750 per square foot—or $776 per square foot, depending on which square footage of the building you accept.

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<![CDATA[Apache Corp. Renews, Adds to Lease for Total of 497,000 SF]]> HOUSTON-The oil company decides to stay put at its Post Oak Central office building, extending its current lease to five years beyond the 2013 expiration.

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<![CDATA[Clarion Partners Buys 535-545 Boylston St. for $87M]]> BOSTON-The real estate investment manager bought the two adjoining Back Bay offices for $87.1 million. Together the properties, bought on behalf of a separate account client, total 184,222 square feet.

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<![CDATA[Housing Recovery Plan Called Into Question]]> NEW YORK CITY-With mortgage rates and home prices at record lows, the commercial real estate industry is divided over whether President Obama’s mortgage overhaul and fraud task force will help—or hurt—housing.

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<![CDATA[Miami Gets New Retail Commercial Real Estate Firm]]> MIAMI-Mia Stierhem tells GlobeSt.com's Jennifer LeClaire clients need a higher level of personalized service than large brokerages provide.

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<![CDATA[Increased Bank Regs, Likely Less Loans Still On Track]]> NEW YORK CITY-As controversy still rages over Basel III and Dodd-Frank regulatory requirements, Deloitte gave a Webinar Tuesday detailing the continued rule push.

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<![CDATA[Buck Tenant Team Leaves for Studley]]> CHICAGO-The John Buck Co. has dropped tenant brokerage, and broker Greg Gerber brought his team to Studley, where he says office users will still drive the bus in 2012.

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<![CDATA[1 WTC Dock Design Flaw Costs Millions]]> NEW YORK CITY-According to a New York Post story this week, cost overruns have pushed the project to $3.8 billion, $700 million more than expected.

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<![CDATA[A Discipline Escapes Purgatory]]> Taking advantage of opportunities in broken projects and debt in 2012 means a strategy for winning rather than playing defense

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<![CDATA[The US Pulls Ahead In a Slow Race]]> With the Euro zone racked by sovereign debt issues and China’s growth engine beginning to decelerate, the modest uptick in domestic fundamentals looks comparatively healthy

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<![CDATA[The 99% of CRE Finance]]> At one time almost any borrower could secure reasonably priced financing. Now, only a select few can access 5% money, with the vast majority forced to cobble together deals via higher-octane money.

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<![CDATA[New Era of Recalibration]]> For institutional players, it’s difficult to be aggressive in a market that’s redefining itself. But finding opportunities today means readjusting your strategy.

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<![CDATA[SiriusXM in Two Manhattan Lease Deals]]> NEW YORK CITY-The satellite radio operator, home to Howard Stern, has renewed 215,923 square feet of space across two signature properties—1221 Ave. of the Americas and 5 Penn Plaza, according to reports in the NY Post.

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<![CDATA[Wellington Healthcare Sheds 10 Facilities for $167M]]> WILTON, CT-Westport Capital Partners LLC, which holds a majority interest in Wellington with Reichmann International Development Co., orchestrated the sale to Griffin-American Healthcare REIT II.

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<![CDATA[EU Prohibits NYSE Euronext & Deutsche Boerse Merger]]> NEW YORK CITY-In light of the European Commission’s decision, both companies are in discussions to terminate their merger agreement. Following the termination, NYSE Euronext will resume a $550 million share repurchase program to return capital to shareholders.

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<![CDATA[LA Fitness Signs 91,023 SF at Landmark High-Rise]]> IRVINE, CA-The new space at the Michelson is estimated to be valued at more than $27 million and will be used as the company’s global corporate headquarters.

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<![CDATA[$22M Senior Loan Refinances Westover Marketplace]]> SAN ANTONIO-The three-year term loan will refinance the 230,000-square-foot portion of the retail property, with some being used to fund leasing costs at the 71%-leased asset.

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<![CDATA[FelCor JV Grabs NYC Knickerbocker Hotel for $115M]]> NEW YORK CITY-FelCor and Highgate Holdings formed a JV to pick up the iconic lodgings, located at 1466 Broadway in Midtown Manhattan.

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<![CDATA[Capstone to Construct $80M Apartment Complex in Eugene]]> EUGENE, OR-Capstone Collegiate Communities LLC, a unit of Birmingham-based Capstone Development Corp., to construct an $80-million apartment complex in Eugene, Oregon.

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<![CDATA[CBRE to Auction Solo Cup's Former HQ Site]]> HIGHLAND PARK, IL-CBRE Inc. will auction off the former headquarters of Solo Cup Co. in Highland Park.

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<![CDATA[Take-Two Interactive Renews its Lease at 622 Broadway]]> NEW YORK CITY-Take-Two Interactive has renewed its lease for 69,000 square feet of space at 622 Broadway situated between Houston and Bleecker streets.

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<![CDATA[FirstMark Capital Leases Space at 100 Fifth Avenue]]> NEW YORK CITY-FirstMark Capital has leased 10,600 square feet of space at 100 Fifth Ave., a 270,000-square-foot building situated between West 15th and West 16th streets.

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<![CDATA[Toosh to Open New Store at 46 West 14th Street]]> NEW YORK CITY-Toosh has leased 1,800 square feet at 46 W. 14th St. situated between Fifth and Sixth avenues from Toby Sasson & Co.

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<![CDATA[Trade Organization to Move its Office to 65 Bleecker Street]]> NEW YORK CITY-The Council of Fashion Designers of America is moving its long-time home at 1412 Broadway to a Bleecker Street building.

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<![CDATA[Three North Texas Medical Office Buildings Sell for $43M]]> DALLAS-PM Realty Group, a commercial real estate firm, has sold three of its medical developments located in North Texas for $43 million.

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<![CDATA[Market at Village Center in Cinco Ranch Trades for $17M]]> HOUSTON-Florida-based Sterling Organization has partnered with Canada-based RioCan Real Estate Investment Trust to acquire The Market at Village Center, a 97,761-square-foot retail center Cinco Ranch, for an amount of $17 million.

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<![CDATA[EdR Acquires The Reserve on Stinson in Norman]]> NORMAN, OK-EdR, a real estate investment trust based in Memphis, has bought The Reserve on Stinson, a student housing complex consisting of 612 beds in Norman near the University of Oklahoma.

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<![CDATA[Former Bank of New York Tower Trades for $390M]]> NEW YORK CITY-A consortium has completed the acquisition of 530 Fifth Ave., a 500,000-square-foot office building in Midtown, for approximately $390 million.

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<![CDATA[Municipal Credit Union Extends Lease at 22 Cortlandt Street]]> NEW YORK CITY-Grubb and Ellis has brokered a lease renewal deal on Cortlandt Street.

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<![CDATA[Vacant Trinity Place Site Changes Hands for $15M]]> NEW YORK CITY-Sam Chang has sold a stalled hotel development lot at 50 Trinity Place for $15 million.

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<![CDATA[CafeMom to Occupy 35,000 SF at 417 Fifth Avenue]]> NEW YORK CITY-CafeMom, an online community for moms, will occupy 35,000 square feet at 417 Fifth Ave.

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<![CDATA[Pensus Group Defaults on $32M Loan]]> PHOENIX-The owner of Park Central has defaulted on a $32.5-million loan obtained by nearly 330,000 square feet of the 700,000-square-foot development in Phoenix

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<![CDATA[Albanwise Sells Two Cambridge Buildings for GBP 9M]]> LONDON-Albanwise has sold the freehold interest of 21 Hobson Street and 18/19 Sidney Street in Cambridge for GBP 9 million.

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<![CDATA[JV Acquires UK Logistics Fund for GBP 315M]]> LONDON-UK Logistics (Jersey) Limited Partnership, a joint venture formed by Moorfield Real Estate Fund II and Segro, has acquired the UK Logistics Fund (UKLF) for GBP 314.7 million.

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<![CDATA[Vico Capital Sells 2099 Pennsylvania Ave. NW to Paramount]]> WASHINGTON, DC-New York-based Paramount Group Inc. has purchased 2099 Pennsylvania Ave. NW from Vico Capital.

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<![CDATA[Real Estate Strategies invests $30M in Supertel]]> NORFOLK, NE-The REIT is “quite comfortable” with the investment by Real Estate Strategies and eagerly anticipates moving its business plan forward, president and CEO Kelly Walters tells GlobeSt.com.

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<![CDATA[CalSTRS Buys Center from Hocker for $78M]]> LOUISVILLE, KY-Hocker, in a partnership with Chicago-based Heitman, made a nice profit from when it bought the center less than three years ago for $42.4 million.

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<![CDATA[Corporate Real Estate Execs See Compensation Increase by 5%]]> WASHINGTON, DC-A soon-to-be-released survey by CoreNet Global and FPL Associates finds that corporate real estate execs are bringing more to the table—and being rewarded for it, CoreNet’s Richard Kadzis tells GlobeSt.com’s Erika Morphy.

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<![CDATA[Goldman, Golub Fight to Keep Hancock Center]]> CHICAGO-The partnership owes about $400 million to a number of CMBS and junior debt lenders by next week, according to a Wall Street Journal story today.

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<![CDATA[Penn State Forms CRE Alumni Groups]]> STATE COLLEGE, PA-Four years in the making, the Institute for Real Estate Studies is creating networking programs in major cities to promote business and increase opportunities for current students.

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