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LOS ANGELES-Analysts say New Jersey REIT's acquisition of the giant wholesale complex Downtown could benefit its tenants, citing Vornado's nationwide presence and massive marketing budget.
CARROLLTON, TX-RealPage Inc. has bought ChannelTECH Inc., a high-tech provider to multifamily and construction industries. The firms' application integration will deliver faster and more accurate inspections during the make-ready process.
TRACY, CA-Today, this town on the easternmost edge of Silicon Valley juggles an agricultural and residential nature. But developers of the Tracy Gateway business park see the town as a future industrial player.
FAIRFAX, VA-The Northern Virginia real estate market showed its strength again when JP Morgan Investment Management Inc. traded a six-story office building in Fairfax to GE Capital Realty for $25 million.
NEW YORK CITY-Moody's concludes that a cautious outlook for the global economy is warranted over the next year due to a less plentiful supply of financial capital and poor stock price performance.
WAYNE, NJ-Offer is filed by C&S Wholesale Grocers of Brattleboro, VT, one of the bankrupt supermarket operator's principal suppliers. A&P has surfaced as another suitor for its nearly 200 stores.
DALLAS-Cushman & Wakefield Inc. has named its long-time Texas star, Robert T. Edge, to a vice-chairman post. Edge, a man in-the-know, says it's time lenders forget the past and ease up on pre-leasing requirements for new projects so Texas can go about its business.
DALLAS-US Restaurant Properties Inc. in a sell-off strategy has reduced its outstanding debt by $31 million in the third quarter. Among the non-core properties sold is its Georgia Conoco portfolio.
ORLANDO, FL-Carlisle Realty Group is buying a 1.5-acre parcel from Kirkman Equities for a Mediterranean-styled, 15,750-sf retail center. But the $10.88 per-sf price ($711,000) topped the buyer's previous $4.31 per sf ($2.35 million) paid for a 12.5-acre tract.