Economy: Page 161
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Chicago’s 55 W. Monroe Sold to Hearn for $136M
In what Jones Lang LaSalle is calling “one of the Chicago market’s largest year-end transactions,” The Hearn Co. purchased 55 W. Monroe from LaSalle Investment Management for $136 million.
Jan. 13, 2012 -
Invesco Takes Boston Office Block for $75M
An Invesco client picked up a 220,311-square-foot, renovated Class A office building for $75 million.
Jan. 13, 2012 -
Report: Redwood Will Offer New Residential Mortgage Bonds
Redwood Trust, Inc. reportedly is readying an offering of at least $405 million backed by residential mortgages.
Jan. 13, 2012 -
Adviser: Regulation Tops CRE Concerns Now
Adviser Dennis Yeskey told NYCREW's "Global Trends" meeting that Dodd-Frank rules will be problems this year.
Jan. 13, 2012 -
John Burns: Veterans can’t get the homes they need
Low valuations by Veterans Affairs appraisers are pushing builders out of deals.
Jan. 12, 2012 -
Department of Energy, home builders collaborate on 10,000 high-performance houses
The U.S. Department of Energy says more than new 10,000 homes meet the energy-efficiency specifications of the Builders Challenge initiative.
Jan. 12, 2012 -
MetLife Buys Chicago Tower from LYND
LYND sells a luxury tower to MetLife; IPA closes two sales in Florida; and NorthMarq arranges a construction loan.
Jan. 12, 2012 -
Hunt Realty Makes Foray into Multifamily Development
Akard Street Partners, an investment partnership operated by Hunt Realty Investments, has formed Trinsic Residential Group to develop multifamily properties in infill and suburban locations, initially focusing on major Texas markets.
Jan. 12, 2012 -
Poll Finds Americans Strongly Favor Homeownership
The poll commissioned by the NAHB found overwhelming support for owning a home and for a mortgage-tax deduction.
Jan. 12, 2012 -
Canadian REIT CANMARC Buys Three Properties for $213M
Less than two years after CANMARC Real Estate Investment Trust completed its initial public offering, there appears to be no end in sight to its shopping spree. The REIT has committed to the purchase of three commercial properties across Canada for a total $213 million investment.
Jan. 12, 2012 -
MetLife Spends $125M on Chicago Luxury Multi-Family Tower
Amid a flurry of multi-family trades in Chicago, MetLife has bought EnV, a luxury high-rise tower, from LYND Development Partners for an estimated $125 million.
Jan. 12, 2012 -
Feds Issue 3rd Part of Building Energy Efficiency Guides
The U.S. Department of Energy has brought out the third in its series of 50% Advanced Energy Design Guides
Jan. 12, 2012 -
Nominations Open for BD+C's Next '40 Under 40' List
Building Design + Construction is taking names for architecture, engineering or construction professionals.
Jan. 12, 2012 -
Former Grubb CEO Arnitz Joins American Realty Capital
American Realty Capital continues to capture the magic that top executives at the former Grubb & Ellis Capital Corp. made.
Jan. 12, 2012 -
CBRE Grabs Office Building in Atlanta’s Atlantic Station
The 17-story building in the mixed-use development is LEED Gold certified.
Jan. 12, 2012 -
Griffin Capital REIT to Acquire Whippany Facility for $13M
It's the California fund's first major acquisition in the Northeast.
Jan. 12, 2012 -
Floating Loan Secured for One Washingtonian Center
Floating-rate transactions are seen as offering borrowers flexibility.
Jan. 12, 2012 -
Camden to Purchase Remaining 80% Interest in 4,000-Unit Portfolio
The Houston company gets apartments in Dallas, Houston, Las Vegas, Phoenix and Southern California.
Jan. 12, 2012 -
Large Stores in Crosshairs in Manhattan Neighborhood
New York City planners want to limit the width of storefronts on the tony Upper West Side.
Jan. 11, 2012 -
Disputed Shift by Insurance Brokers Entangles Contractor Clients
Two top Aon executives jumped to Alliant, and Aon claims they poached business afterward.
Jan. 11, 2012 -
Amtrak 2012 Construction Plan Has a Northeast Focus
This year's program includes early work on track, electrical upgrades in central New Jersey, environmental reviews for tunnels, and a bridge in Garden State's northern region.
Jan. 11, 2012 -
CREFC: Panel Explores Buying, Capital Flows
The CREFC January Conference concluded today with a look at what to expect in property valuations and capital flows.
Jan. 11, 2012 -
Floating on Water Isn’t Easy
Early in the year, it's worth determining if you should stay the course or see if long-term fixed rates should be a play.
Jan. 11, 2012 -
Real Estate Lending: The Value of Community Banks
Going small for your source of CRE capital can have its advantages.
Jan. 11, 2012 -
Three Positives for Net-Leased Investments
Net-leased investments can offer strong advantages over traditional purchases.
Jan. 11, 2012
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