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LONDON-A report released on London's West End office market by King Sturge makes depressing reading. Demand is down and supply rapidly rising but the market is still buoyant says the agent.
MINNEAPOLIS-The new hires will go to the regional architectural firm's Rochester, MN office. Minneapolis staff members Charles Brown, Mark Thiede and Pravin Patel have been named associates of the firm.
DALLAS-Amli Residential Properties takes the deed to a one-year-old, 222-unit luxury complex in a 1031 exchange that cuts a 14-year-old, 236-unit holding from the portfolio. Amli has cracked the high barrier-to-entry market of Flower Mound with the buy.
ATLANTA-Rick Ross, M&M's Atlanta regional manager, and a panel of prominent local real estate professionals will review the area's sagging office market Sept. 6 at the Atlanta Property Opportunities Conference at the Swissotel here.
DALLAS-Texas execs say 1031 exchanges are increasingly popular among the investment crowd, so much so that a Grubb & Ellis VP has had four of his last five deals fall under the like-kind swaps. Stories about racing the clock are bountiful.
WALTHAM, MA-This city has to deal with its first project proposal to file for permit approval under the state's affordable housing law. The law allows developers to override local zoning restrictions and is coming under fire from some towns that claim developers are taking advantage of the law.
DENVER-The ownership group of the 676-unit Hunter's Run Apartments get a $25.6-million bond issue through Arapahoe County and a $9.2-million second mortgage in a deal arranged by the regional office of NorthMarq Capital.
SOUTH PLAINFIELD, NJ-Binswanger/Klatskin gets the exclusive for the property, which the electronics giant is vacating to consolidate its regional operations at another area location.
PHOENIX-Four of Phoenix's real estate players have put executives into new positions. Lining up the personnel changes are Marcus & Millichap, Hogan & Associates, Richmond American Homes and the Rubin Cos.