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PHOENIX-Improving market and CRE conditions prompts JLL to beef up property management and industrial property efforts. Also: Derek Ruterman is promoted to vice president, project development.
FORT WORTH-Berkadia originates a loan for the 273-unit multifamily property through HUD's 223(f) program. Also: Commercial real estate news from around the southwest.
NEW YORK CITY-The financing now allows developer Hines and joint venture partner Pacolet Milliken Enterprises to move forward on construction here at 1045 Avenue of the Americas.
CHICAGO-Construction of office is still down as confidence lags, but according to a JLL report provided first to GlobeSt.com, demand pressure should start pushing new development.
READING, PA-Boston-based STAG Industrial has bought Premium Business Center, a 400,414-square-foot industrial complex at 171-173 Tuckerton Road in Berks County, for just over $17 million, or $43 per square foot.
NEW YORK CITY-Houston-based Hines has reached a contract with J.P. Morgan Chase & Co.'s asset management division to move ahead with a new office tower in midtown Manhattan.