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ATLANTA-The 31-year-old, publicly traded company lets Post Apartments focus on the Downtown luxury apartment market while it develops multifamily product along Interstate 285 or north of the highway.
WHITE PLAINS-MetLife Inc. has confirmed reports in the local brokerage community that it has signed a lease deal at 445 Hamilton Ave., here. However, the New York City-based insurer still has not decided where it will shift its Manhattan corporate headquarters operations, GlobeSt.com has learned.
DALLAS-Borrowers in Texas and Arizona snag more than $16 million in financing for hotels in Irving, Brownsville and Prescott. The two Texas holdings are Residence Inn by Marriott and the Arizona property is a Holiday Inn Express in Prescott.
LANDOVER, MD-The Richmond-based company put together the financing for Prince George's County largest private-sector real estate investment, a 12-story building for Computer Sciences Corporation, to be located near IRS headquarters.
DALLAS-McCarthy Building Cos. says it's time to grow, naming a new Texas Division president while the current chief heads to Southern California to build up that market. Michael J. McWay takes the Texas helm.
LONDON - Aberdeen Asset Management has followed up its acquisition of Celexa with the #7.3 million purchase of fund manager RREEF from the Dutch property giant RoProperty.
AUSTIN-The high-tech roller coaster ride has had an impact on Stratus Properties' first quarter. Sales and consequently revenues and are down, but all is not forsaken. In all, the three-month period had been stable though not as hardy as last year's first quarter.
ELIZABETH, NJ-Glimcher Realty Trust, a.k.a. New Jersey MetroMall Urban Renewal Inc., wants its tab cut from around $1.1 million down to $300,000 for the acreage on which the 1.7 million-sf mall sits.
EMERYVILLE, CA-The added supply is affecting rates. In Richmond, rates are $16 per sf or $17 per sf, down several dollars from the $24 per sf rate at the end of last year. In Emeryville, the market rate of $54 per sf has dropped to between $39 per sf and $45 per sf.
WASHINGTON, DC-A quarterly survey shows the region is among the nation's leaders, with average occupancy reaching 98.3% during the first quarter, and rent growth of 12.8% during the past year.