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SEATTLE—"Real estate transactions are already moving online—it's what home buyers, sellers and real estate professionals want,” says Spencer Rascoff, Zillow Group's CEO.
NEW YORK CITY—"'We expect to see more of this type of shared space use in the outer boroughs over the next eighteen months," Colliers International's Joseph Harbert tells GlobeSt.com.
HOUSTON--The Richland Cos. has acquired 550 Post Oak from Japan-based Synerfac, an oil and gas company, and will move its corporate headquarters to the West Loop building, reps for the company have told GlobeSt.com.
NEW YORK CITY—In its debut in rental housing in Mahattan, the private equity giant is spearheading an effort to purchase 25 apartment buildings throughout the borough.
MONTVALE, NJ—The Great Atlantic & Pacific Tea Company says the United States Bankruptcy Court for the Southern District of New York has approved the company's First Day Motions in its bankruptcy filing -- including a critical drawdown of $50 million in DIP financing.
SAN JOSE—DJM Capital Partners' single tenant net lease fund is focused on acquiring multiple-property portfolios in high-barrier-to-entry locations nationwide, with a primary focus on the West Coast.
EDISON, NJ—Mack-Cali Realty Corporation says selling fewer assets while getting lower lease revenues caused its net income for the second quarter of 2015 to drop 31 percent, while funds from operations were 7.6 percent lower. Analysts and investors were, nevertheless, encouraged by new CEO Mitch Rudin's analysis of the firm's value, and his plans to reposition the company.
TUCSON—Berkadia has closed on three multifamily properties in Tucson. Senior managing director Art Wadlund and associate Clint Wadlund of the Tucson office negotiated the transactions.
LOUISVILLE, CO—Colorado Technology Center Portfolio, LLC is borrowing entity, and the property is made up of seven light industrial buildings totally 631,135 square feet.