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NEW YORK CITY—AllianceBernstein's success with US Real Estate Partners II is a testament to investors' confidence in “our investment discipline and our track record,” says Jay Nydick, co-CIO of the real estate group.
DALLAS--Carey Austin is the new CEO of commercial design firm Interprise Design, which serves developers, owners, leasing agents and managers of commercial property, focusing on implementing “timeless but engaging designs.” GlobeSt.com's Anna Caplan recently spoke with Austin about her new role, and firm's exciting future after its recent acquisition of Lee Design Group
BOSTON—Veteran residential real estate broker Janice Dumont, who took over as CEO of Boston Realty Advisors' residential brokerage subsidiary Advisors Living earlier this month, believes both the multifamily and for-sale residential markets in Boston will continue to be strong for the remainder of this year.
HOUSTON—Dallas-based Westmount Realty Capital LLC has acquired the 542-unit Braesridge Apartments, located in southwest Houston, and will rebrand the garden-style community as Westmount at Braesridge.
WASHINGTON, DC—Post crisis regulations have changed the role mortgage securities play in certain investors' portfolios. The question is, have these changes been significant enough to move the needle?
PHOENIX—Lowe Enterprises Investors has acquired three office buildings totaling 437,603 square feet at the Phoenix Gateway Center in joint venture with an investment client.
PHOENIX—Vacancy rates among Phoenix's industrial product continue to fall, and with the ability to offer plenty of day trips to major distribution centers, investors are pursuing the market's industrial portfolios.
PHOENIX—One of the largest adaptive reuse projects in Arizona held its ribbon-cutting ceremony recently.The 100,000-square-foot Centrica is now complete.
ORLANDO— Foreign investors are making their mark, build-to-suit is back in vogue and new challenges are emerging that could change market dynamics in the months ahead. Is compromised quality one of them?