CapLease Subsidiary Acquires Reserve at Park Ten for $35M
HOUSTON-A subsidiary of CapLease Inc., a real estate investment trust based in New York, has bought The Reserve at Park Ten, a 145,114-square-foot office building in Houston's Energy Corridor submarket, for about $35.5 million.
NEWPORT BEACH, CA—Over time, long-term and short-term interest rates generally correlate, though this is not always the case in the short run, CBRE’s Phil Voorhees tells GlobeSt.com in this EXCLUSIVE story about his yield-prediction contest.
SAN DIEGO—Speakers during the CMBS panel at MBA’s CREF/Multifamily Housing Convention and Expo 2017 say educating brokers and borrowers is key to a healthy CMBS future.
IRVINE, CA—A strong local economy and jobs have led to markets like Orange County to be the best for office investors, but demand and the supply pipeline vary widely among submarkets, Ten-X’s Peter Muoio tells GlobeSt.com.
WASHINGTON, DC—“Steady hiring and low local unemployment levels are finally supporting higher wages and increased spending,” with positive implications for commercial property demand, says Lawrence Yun at the National Association of Realtors.