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JERSEY CITY, NJ—Strategic Capital, the US-based investment platform of China State Construction Engineering Corporation, the world's largest construction company, has acquired two residential development sites in Jersey City totaling 1.85 acres along the Hudson River.
MARLTON, NJ—The Southern New Jersey commercial real estate market has shifted into high gear, with new leases and renewals running about three times higher than last year, according to a second quarter market analysis produced by Wolf CRE, a South Jersey broker.
FORT WASHINGTON, MD-— Henson Creek Manor, which is trading for $23 million, is a good illustration why investors are eager to snap up these properties.
NEW YORK CITY—Tech sector occupancy was on the rise when GlobeSt.com launched in 2000. Yet tech hit a downturn soon afterward, only to come back even stronger following the global recession.
WASHINGTON, DC—In a deal that has been in discussions for some time, Tishman Speyer has acquired the home of the DC bureau of CBS and an adjoining property. The New York City-based firm plans to build two new office buildings, one of which will serve as the new headquarters for the DC bureau of the “Tiffany Network.”
MILPITAS, CA– The credit will consist of a $12.4 million short-term loan along with future funding of $13.8 million for capital expenditures, tenant improvements, leasing commissions and other expenses.
DALLAS—Multifamily's continued strength can be attributed in part to the increase in wages over the past several years, according to a report from locally based Axiometrics.
NEW YORK CITY—However, the general trend for vacancies at both neighborhood centers and regional malls has been downward, says Reis Inc.'s Ryan Severino.