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SAN FRANCISCO—Owners understand that it is not reasonable to expect values will continue to appreciate at current rates so they are really seeking to differentiate their buildings, says one source on the local market.
NEW YORK CITY—Located on Broadway and 19th street, the building sale included the leasehold interest held by Hotel Verite, amping up the value of the transaction.
GREENWICH, CT—Having exceeded its fundraising target by more than $1 billion, Starwood Global Opportunity Fund X is being divided roughly 50/50 between the US and Europe.
BERKELEY, CA—Developers and agencies seeking to expedite project reviews under the California Environmental Quality Act often chafe under its unique “fair argument” standard of judicial review, say sources in this <b>EXCLUSIVE</b> column.
LOS ANGELES—In this <b>EXCLUSIVE</b> interview, Kilroy Realty's Robert Paratte talks about the redevelopment market and what trends are attracting office tenants.
NEW YORK CITY—The joint venture plans to demolish a roughly 14,000-square-foot parking structure and build a nearly 65,000 multifamily tower on East 96th street, GlobeSt.com has learned <b>EXCLUSIVELY</b>.
SANTA MONICA, CA—An investor buys a rare generational asset on Second St. in Santa Monica, with plans to renovate and reposition the asset to collect market rents.
WASHINGTON, DC—CBRE notes that the recent trade of America's Square and 300 New Jersey for $500 million, or $1,083 square foot, was backed by foreign money.