In The Pipeline: CoStar Development & Construction News for Jan. 8-14

In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project — and sign up to be added to our distribution list to receive future … Read more

LaSalle Finalizes $136M Sale of Chicago Tower to Hearn

LaSalle Investment Management sold 55 W. Monroe, a 40-story office building in Chicago’s central business district. The Hearn Co. closed on the tower for $136 million or $168 per square foot. Hearn, a commercial real estate group based in the Windy City, secured $86.5 million in senior debt through Wells Fargo Bank and $21.5 million … Read more

SOLD! – Fessenden Court Apartments in Portland, Oregon

We are pleased to announce the sale of our exclusively listed Fessenden Court Apartments, a 9 unit community located in North Portland, Oregon.

New Year, New Opportunities

Thanks to a favorable combination of limited supply and demand—and the unfortunate circumstances plaguing the single-family home market—multifamily is expected to continue thriving.

SOLD! – Calico Court Apartments in Beaverton, OR

We are pleased to announce the sale of our exclusively listed Calico Court Apartments, an 8 unit community located at 12220 SW Calico Court in Beaverton, Oregon.

Barry Apartment Report Predicts Strong Apartment Market for 2012

The Barry Apartment Report is a publication covering economic, financial, and valuation trends impacting apartments in the Portland, Oregon metropolitan area. This issue predicts the apartment market will remain strong throughout 2012.

SOLD! – Park Terrace Apartments in Southwest Portland, OR

We are pleased to announce the sale of the Park Terrace Apartments, a 52 unit community located in Southwest Portland, Oregon. This garden court community was built in 1945 and sold for $6,300,000 at a 5.98% cap rate.