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Throughout the hold period, both assets maintained stable occupancy and generated consistent cash flow, and the sale also provided liquidity to the investor base, both of which are key objectives for IPC.
To help restore a healthy housing market in Houston, HUD must be engaged, flood insurance issues must be addressed and newer homeowners who have lost equity must receive special attention, such as credit availability.
Today, New York REIT, which is undergoing a liquidation plan, announced it reached an agreement to sell a 48.7% interest in World Wide Plaza to a joint venture of SL Green Realty Corp. and RXR Realty LLC
LBA Realty commences construction on a 230,000-square-foot office, R&D and industrial campus in Kearny Mesa that will offer multiple synergistic property types to be positioned in one location.
Office performance may be flat, but these developers are willing to build unique office experiences in select West Coast markets, just don't use the term creative.
Madison Realty Capital provided the construction loan financing for Fortis' River Park development, a 325,00-square-foot project that will when completed feature 172 luxury condominium units, 66,900 square feet of community facility space, and 328 parking spaces.