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NEW YORK CITY-Paul Cohen, executive vice president of SWBE Inc., tells GlobeSt.com that while certainly a slowdown is apparent, business is still solid and investors are confident in the future of industrial properties.
OAKLAND-One report on San Francisco suggests asking prices for apartments are down 20%. Buildings are still getting multiple offers, but not at full price, according to a regional manager at Marcus and Millichap.
DENVER-The hospitality group formed one year ago by Coldwell Banker Commercial American Spectrum is the founding member of the franchise's new national hospitality network that will buy and sell hotel properties.
SOMERSET, NJ-The 70-year-old Feller & Feist agency will become part of the seven-year-old DiMeglio Realty operation under an agreement signed by principals of the two residential brokerages.
FORT LAUDERDALE, FL-The Fort Lauderdale-based firm is seeing increased demand for its services in the Tampa Bay and Orlando areas. Dick Hunt is business development director at the new office. Fort Lauderdale is 26 miles north of Miami.
FALLS CHURCH, VA-The broadband provider that boasted several giant real estate firms as corporate partners--and had the backing of Microsoft and Sun Microsystems--has filed for Chapter 11 protection.
DENVER-Two apartment complexes in northern Colorado get non-recourse, high-leverage loans with a 7.25% fixed rate, a combination construction and permanent financing carrying a 40-year term with a 40-year amortization.
AUSTIN-Austin-based Aperian is selling data centers in Dallas, Atlanta, Tampa and Phoenix. Aperian's conference call provides insight to the disposition amid an unfolding new strategy to team with third-party providers.
WASHINGTON, DC-Crescent Real Estate Equities officials say they expect the deal with a Washington-based firm to close by the beginning of July. The sale price will be in excess of $160 million, they say.