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LOS ANGELES—The strengthening was evident across the board, with all property types seeing “notably improved demand trends,” says economist Jon Southard at CBRE. That showed up in pricing as well.
NEW YORK CITY—Monday's purchase at an historic price of the legendary property by Chinese investors sends up a signal that Asia remains extremely bullish on the city.
ATLANTA—Former Cushman & Wakefield retail investment sales executive Gary Saykaly has joined real estate services firm Franklin Street's office here as a senior director.
PHOENIX—Auction.com, LLC has been retained as the exclusive loan sale advisor for the senior participation interest, including servicing rights, for two 2007 vintage notes collateralized by two class A multifamily properties in Gilbert.
HOUSTON--Kinghorn, Driver, Hough & Co. (KDH) has secured a $67 million construction-to-permanent loan for a new multifamily high-rise to be located in Houston's inner loop.