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Brian Lancaster co-authored this article.Commercial mortgage-backed securities issuance could reach $60 billion this year and rise another 10% in the first…
DAVIS, CA-If the National Institutes of Health approves a UC Davis request for federal funding, a $190 million research laboratory will be built here for the study biodefense and emerging diseases.
FORT WORTH-AMLI gets another 189 units in a development hotspot and the seller, a partnership of GE Capital and Westdale Asset Management, turns around a February acquisition for a nice profit. AMLI pays cash for the decided edge.
LOS ANGELES, CA-Sales and leasing increased for the third consecutive quarter, according to a CB Richard Ellis report, which says rates dipped to 48 cents per sf per month, the first change in average asking rental rates since the third quarter of 2001.
CHICAGO-Benefits consulting firm The Segal Co., which recently acquired Sibson & Co., consolidates space as well as the term of its leases with a deal that helps cut vacancy at Equity Office Properties Trust's West Loop asset to 2.3%.
DALLAS-The Colorado Springs, CO investor turns around proceeds from a land sale in the northeast by buying the 197-unit Ivanhoe Apartments in Dallas and 102-unit Sandy Oaks in Fort Worth. Bay Equity is the seller.
GRESHAM, OR-A conceptual two-building development plan for an underdeveloped four-acre site here at the intersection of Stark and Burnside will be presented to elected officials and the general public this week.
PHILADELPHIA-The Johnstown, PA-based REIT disposes of its smallest mall, a combination enclosed facility and adjacent strip center in Carlisle, PA. Locally based Carlisle Realty Partners pays $5.8 million for the 342,000-sf property, which has been operating at a small loss.
WASHINGTON, DC-Constriction of the International Monetary Fund's 650,000-sf "second headquarters" gets underway with CarrAmerica Realty Corp. at the helm. The multi-million dollar office and retail development, which will sit adjacent to the IMF's current headquarters, is scheduled for completion in 2005.
TROY, MI-Elected officials think state money could be raised for a public conference center and private commercial development. Another in a string of RFPs may be sent out by city council this month.