Business Specialties Investment
Sares Regis Takes California Industrial Facility, Plans Expansion
May 09, 2008
Sares Regis Group of Northern California has purchased Pinole Point Business Park in Richmond, Calif.
Secondary Glance: Tier Two Office Markets Form Hotbeds of Opportunity
May 09, 2008
In today’s economy, office investors in search of deals tend to prefer lower-risk primary markets. But more affordable prices are drawing some to secondary markets, and small banks can often facilitate investments there.
Falcon Flies: Investment Advisor Expands Foreign Representation
May 09, 2008
Editor-in-chief Suzann D. Silverman spoke with Howard Hallengren, chairman of Falcon Real Estate Investment Co., about his company’s business. Hallengren co-founded the company in 1991 to represent foreign investors in U.S. real estate after providing similar services through Chase Manhattan Bank’s international private banking group in the 1980s. For more on how Hallengren sees foreign investment changing, see the May issue of CPN or search for key words “Howard Hallengren” in quotation marks.
Boxer, Real Estate Hotshot Sells Stake in Promotions Business
May 09, 2008
Oscar De La Hoya, owner of real estate development company Golden Boy Partners, has entered into an agreement to sell shares in his Los Angeles-based boxing promotions firm Golden Boy Promotions to sports and entertainment venue developer and presenter AEG.
Alter Sells 2 Phoenix Industrial Properties for $41M
May 09, 2008
The Alter Group has sold two distribution buildings totaling 684,000 square feet at its 162-acre Buckeye Logistics Center in Phoenix.
Lenox Park Wells REIT II Buys Atlanta Office Campus in AT&T Sale-Leaseback
May 09, 2008
Wells REIT II has acquired a five-building, 1 million-square-foot office campus in the Buckhead submarket of Atlanta, through a long-term sale-leaseback with AT&T. The campus will headquarter AT&T Wireless' operations in the city. The transaction's terms were not disclosed.
South Korea ProLogis Expands Presence in South Korea with $86M Portfolio Acquisition
May 09, 2008
Less than a month after announcing two build-to-suit agreements in South Korea, ProLogis Korea Property Fund has acquired approximately 889,000 square feet of industrial warehouse space there for $86.3 million.
Report Issues Developers’ Call to Arms: Deteriorating Infastructure Hurting America
May 09, 2008
U.S. infrastructure is in a sad state, and little is being done to fix the situation, warned Dale Reiss, global and Americas director of real estate for Ernst & Young, during the Urban Land Institute Spring Council Forum opening general session.
Commercial Real Estate to Retain Favorable Position in Down Market
May 09, 2008
More pain is in store for the U.S. economy in the coming months, but the commercial real estate market is generally expected to endure less of it, according to economists speaking at the National Association of Real Estate Editors 42nd annual real estate journalism conference in Dallas this morning.
Nadji, Hessam Whither the Economy?
May 09, 2008
With the economic outlook remaining a top concern, economists, researchers and investors in U.S. commercial real estate offered their predictions for its performance yesterday at the Urban Land Institute’s Spring Council Meeting in Dallas.
In Apartment Sector, Better to Buy Than Build
May 08, 2008
If you’re an apartment property buyer and can obtain financing, now is a good time to find opportunities. But developers would do well to lay low. That was the message from Greg Willett, vice president of research & analysis for M/PF Yieldstar, speaking today during the session “The Flight to Multi-Family: Today’s Apartment Market” at the National Association of Real Estate Editors’ 42nd annual real estate journalism conference. 
San Diego Economy, Real Estate Likely to Remain Unsettled   
May 08, 2008
The San Diego area’s economy will remain beset by job losses in real estate and weak growth in other sectors for at least another two quarters, according to the annual UCLA Anderson Forecast from the University of California–Los Angeles Anderson School of Management. 
Rockwall I and II. JPG Takes 2 Bethesda Office Buildings for $80M
May 08, 2008
The JBG Cos. has bought two North Bethesda, Md., properties for $80 million. Together, the class A buildings contain 346,000 square feet. The are located on the Rockville Pike near the Montgomery Mall.
Ontario's Next Generation Jobs Fund Likely to Have Real Estate Impact
May 08, 2008
The government of Ontario is on the verge of awarding a new series of grants to local businesses, a move that promises to stimulate demand for certain kinds of real estate indirectly, particularly space suitable for high-tech research or manufacturing.
CBRE to Be Leasing Agent for 300 New Jersey in D.C.
May 08, 2008
CB Richard Ellis Inc. has announced local real estate investor and developer Ralph Dweck selected the firm to handle leasing for Washington, D.C.’s 300 New Jersey Ave., N.W.
$1M Sale of 19th Century Retail Building to Yield New Apartment Complex
May 08, 2008
Detroit's Downtown Development Authority has just signed off on the $1 million sale of the historic Pepper Shoe Building on Woodward St. for a residential redevelopment endeavor, according to Crain's Detroit Business.
Cantor Fitzgerald Launches Opportunistic Real Estate Fund
May 07, 2008
New York City-based Cantor Fitzgerald L.P. today launched a real estate investment fund--dubbed Cantor Real Estate L.L.C.--and appointed Andrew Stark as executive managing director.
Behringer Harvard Announces MF Development in Denver
May 07, 2008
Behringer Harvard has announced its investment in Alexan Prospect, a 400-unit multi-family community slated for construction in the Central Platte Valley, a 120-acre area immediately west of the Denver central business district.
Senior Housing Properties Announces Q1 Results
May 07, 2008
Senior Housing Properties Trust has announced its financial results for the quarter ended March 31, 2008.
Duke, CBRE Realty Form $800M JV
May 06, 2008
Duke Realty Corp. and CB Richard Ellis Realty Trust have just entered into a partnership to which Duke will contribute as much as $800 million of new industrial projects over a three-year period.
NAI Global Report on Middle East Paints Optimistic Picture
May 06, 2008
War? What war? Violence? What violence? Those words literally don’t appear in “Stuck (Happily) in the Middle (East) with… Money!” a new report from NAI Global, which suggests that diversifying economies and rapid growth are well on their way to transforming the region from its energy-only past into a future with a more solidly based prosperity.
HRPT to Sell 48 Properties for $565M
May 06, 2008
HRPT Properties Trust, a REIT that primarily owns office buildings in the United States, said today it would sell 48 medical offices, clinic and biotech laboratory buildings to Senior Housing Properties Trust for $565 million.
Sea World Station Valero Acquires Albertson’s Gas Stations in Southwest
May 06, 2008
Taking advantage of the availability of a collection of convenience stores and fueling kiosks in an already familiar market, Valero has acquired 72 Albertson’s sites for an undisclosed amount.
IMT Capital Takes 253 Units in Westlake Village for $69M
May 06, 2008
IMT Capital L.L.C. has announced that it has purchased Townhomes of Westlake Village, a 253-unit townhouse and apartment property in Ventura County, from Wilshire Equities for $68.5 million in cash.
Chicago-Based Equibase Capital Makes Bridge Loan to Abbott Boston Development
May 06, 2008
Equibase Capital Group L.L.C., a provider of mezzanine capital to the real estate industry based in Chicago, has announced it has made a bridge loan to Abbott Real Estate Development, a residential development firm located in Boston.
 

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