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LOS ANGELES—However, for institutional investors to consider smaller-ticket transactions, “the risk adjusted returns have to be compelling,” Transwestern's Steven Orchard said in an Ask the Expert interview.
NEW YORK CITY—Making sure members' concerns are addressed and that good solutions are implemented, the organization has been offering the Mayor's office its expertise.
ATLANTA—I asked Alex Carrick, chief economist at CMD, for his thoughts on how the layoffs could impact Atlanta's commercial real estate market. Do you agree with his assessment?
BROOKLINE, MA—An affiliate of Cleveland, OH-based Visconsi Companies, Ltd. has purchased the 1440 Beacon St. multifamily property for $50.15 million from a joint venture of Westbrook Partners and Nordblom Co.
PHOENIX—CBRE has completed the sale of Pinnacle South Mountain located at 5151 E. Guadalupe Rd. in Phoenix. The 552-unit apartment community sold for $63 million. The buyer was FPA Multifamily of San Francisco; the seller was Palo Alto-based Essex Property Trust.
CHICAGO—A 40-year veteran of commercial real estate, the institute's new leader has also been a senior instructor and course author in its education program.
SEATTLE—The newest member of Colliers' executive team brings a background that includes representing Citigroup in both the sale of its headquarters and more than 400,000 square feet of leases.
LOS ANGELES—According to the latest report from CBRE, the Los Angeles office market ends 4Q14 with 946,440-square-feet in absorption, the highest in the region.