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CHICAGO—Joe Magliochetti has started his own real estate services firm, completed more than $500 million in transactions and will now lead the firm's healthcare acquisitions.
WILKES-BARRE, PA—NAI Mertz of PA has an exclusive leasing assignment for a 270,000-square-foot mixed-use building at 1492 Route 315 in Wilkes-Barre, PA.
MINNEAPOLIS—The completion of Target Field, the on-going expansion of mass transportation options and the huge increase in the number of downtown residents has made the downtown far more attractive for office users.
ROCKVILLE, MD—Locally-based Federal Realty Investment Trust reports that Hilton Worldwide's new lifestyle brand “Canopy” will be part of its mixed-use Pike & Rose development here.
PHILADELPHIA—Shorenstein Properties is reportedly in talks to acquire the 1818 Market St. office tower here. If the deal closes, it would mark the return of the San Francisco-based real estate investment firm.
CHICAGO—Companies have continued to migrate from the suburbs into the CBD and many of them have started to rent out space in class B and C properties, Savills Studley found.
<strong>Expanded in 2014 to a 2-day event</strong>, our largest conference gathered more than 2,000 multifamily professionals for information exchanges and networking. Participants heard about trends from top industry players, who discussed capital flows, the question of overbuilding, upcoming challenges and opportunities and which markets are hot-and not-for apartments. With <strong>more panels than ever before</strong>, our audience gained new insights and learned the latest news, RealShare has <strong>expanded its networking opportunities</strong> from the registration through the closing reception.
LOS ANGELES—<b>RealShare Apartments 2014</b> panelists agree that the sector is still attractive given the inability of many to own a home. Low interest rates, good access to capital and a weak economy have all helped the sector remain healthy, experts say.