Skip to contentCommercial real estate firms across the country are publishing their 2012 economic outlooks. Surprisingly, there’s plenty of optimism in these reports. By all accounts, the commercial real estate markets across the Midwest should be healthier this year. The latest report confirming this comes from Cassidy Turley, which earlier this month hosted its State of Real … Read more
UDR and MetLife have formed a $1.3 billion joint venture.
A growing trend among New York City dwellers has homeowners seeking darker, more secluded units that give them a chance to escape the thriving metropolis they live in, The New York Times reports. When some prospective buyers approach the local market seeking homes for sale in New York City, many of them may have the … Read more
The elevated foreclosure rate in Atlanta has continued to weigh heavily on home prices in the city during recent years. However, according to a report from Data Intelligence Corp., Atlanta's foreclosure rate saw a sharp drop throughout the course of 2011. According to the real estate tracking firm, the foreclosure rate in Atlanta fell by … Read more
Las Vegas continued to have an elevated foreclosure rate throughout 2011, RealtyTrac reports. According to the foreclosure data firm, year-end statistics indicate that Las Vegas has retained its top position for having the highest foreclosure rate in the country. Throughout the course of 2011, Las Vegas has a foreclosure filing rate of 7.38 percent of … Read more
TPG/CalSTRS LLC, an affiliate of Thomas Properties Group (NASDAQ: TPGI), concluded its sale of Brookhollow Central, an 806,004-square-foot, three-building property in Houston, TX. Parmenter Realty Partners, a Miami, FL-based commercial real estate company, acquired the assets for $71 million or $88 per square foot, according to published reports. TPG originally purchased the structures as part … Read more
UDR/MetLife II UDR, Inc., a leading multifamily real estate investment trust, formed a new real estate joint venture with MetLife, known as UDR/MetLife II, with each party owning a 50-percent interest in a $1.3 billion portfolio of 12 multifamily communities totaling 2,528 apartment units. The 12 communities include seven from the pair’s first joint venture … Read more
Millennium Partners sold On the Greenway, a 220,160-square-foot office building in Boston to Invesco IF IV U.S. 3 LLC for $75 million, or nearly $341 per square foot. The five-story Class B property in on 1 acre at 179 Lincoln St. in the Midtown submarket. The structure was built in 1899 and renovated in 2008. … Read more
This week’s People of Note includes the following markets: Atlanta, Austin, Boston, Chicago, Denver, Houston, Las Vegas, Los Angeles, Phoenix, San Antonio, San Diego, San Francisco and South Bay. LOS ANGELES Griffin Capital Taps Sales Veteran as Pres. of Capital Markets By Laurie Forbes Griffin Capital Securities hired Jeffery Schwaber as president of capital markets … Read more
We are pleased to announce the sale of the Farmington Townhome Apartments, a 62 unit community located in Beaverton, Oregon and Exclusively Listed by Joseph Bernard, LLC.