July 3, 2008
Multi-faceted Deals For Assisted Living Switch
NEWTON, MA-Five Star will buy three of the buildings for $21.4 million and take adjusted leases for the other seven abdicated facilities and a compensation package. Read more...
Multi-faceted Deals For Assisted Living Switch
NEWTON, MA-Five Star will buy three of the buildings for $21.4 million and take adjusted leases for the other seven abdicated facilities and a compensation package. Read more...
July 2, 2008
Affordable Housing Funds Hit New England
BOSTON- The Federal Home Loan Bank of Boston is committing 10% of its net profits to provide grants and subsidized loans through AHP. New England is taking advantage. Read more...
Affordable Housing Funds Hit New England
BOSTON- The Federal Home Loan Bank of Boston is committing 10% of its net profits to provide grants and subsidized loans through AHP. New England is taking advantage. Read more...
June 27, 2008
Imagitas Stays in 128 West with Renewal
WALTHAM, MA-Imagitas is renewing its 45,141-sf lease at 48 Woerd Ave. in the struggling 128 West market. Read more...
Imagitas Stays in 128 West with Renewal
WALTHAM, MA-Imagitas is renewing its 45,141-sf lease at 48 Woerd Ave. in the struggling 128 West market. Read more...
June 26, 2008
BRA Board Approves Slew of Projects
BOSTON-The Boston Redevelopment Authority is approving a series of projects throughout the greater metropolitan area here. Read more...
BRA Board Approves Slew of Projects
BOSTON-The Boston Redevelopment Authority is approving a series of projects throughout the greater metropolitan area here. Read more...
June 25, 2008
Simon Seeks Copley Place Tower Approval
BOSTON-Simon Property is seeking approval for a plan to add a 47-story addition to Copley Place to use for retail and residential units. Read more...
Simon Seeks Copley Place Tower Approval
BOSTON-Simon Property is seeking approval for a plan to add a 47-story addition to Copley Place to use for retail and residential units. Read more...
July 3, 2008
Merger Trend Continues With Rumored GVA Williams-Colliers Deal
NEW YORK CITY-Insiders say that as rumors grow stronger surrounding the possible GVA Williams/Colliers International merger, the trend toward industry consolidation is continuing. Read more...
Merger Trend Continues With Rumored GVA Williams-Colliers Deal
NEW YORK CITY-Insiders say that as rumors grow stronger surrounding the possible GVA Williams/Colliers International merger, the trend toward industry consolidation is continuing. Read more...
July 3, 2008
Hess Renews 27,508-SF Until 2027
NEW YORK CITY-Hess' total commitment at SL Green's 1185 Avenue of the Americas equals 180,000 sf. Hess has been one of the building’s original tenants since 1973. Read more...
Hess Renews 27,508-SF Until 2027
NEW YORK CITY-Hess' total commitment at SL Green's 1185 Avenue of the Americas equals 180,000 sf. Hess has been one of the building’s original tenants since 1973. Read more...
July 2, 2008
Manhattan Retail Site Commands $525M
NEW YORK CITY-The Carlyle Group and Crown Acquisitions complete the acquisition of a controlling interest in the retail portion of 666 Fifth Ave. from Kushner Cos., for $525 million. Read more...
Manhattan Retail Site Commands $525M
NEW YORK CITY-The Carlyle Group and Crown Acquisitions complete the acquisition of a controlling interest in the retail portion of 666 Fifth Ave. from Kushner Cos., for $525 million. Read more...
July 2, 2008
Shorenstein Closes On Two Office Buys
NEW YORK CITY-As GlobeSt.com previously reported, Shorenstein paid $930 million for a 93.5% interest in the partnership that controls both buildings. Read more...
Shorenstein Closes On Two Office Buys
NEW YORK CITY-As GlobeSt.com previously reported, Shorenstein paid $930 million for a 93.5% interest in the partnership that controls both buildings. Read more...
July 2, 2008
$613M Loan Funds Residential Developments
NEW YORK CITY-The Carlyle Group, Extell Development Co. and RREEF secure the loan for the development of two luxury residential buildings totaling 880,000 gross sf. Read more...
$613M Loan Funds Residential Developments
NEW YORK CITY-The Carlyle Group, Extell Development Co. and RREEF secure the loan for the development of two luxury residential buildings totaling 880,000 gross sf. Read more...
July 2, 2008
Six Months into 2008, the CMBS Market Has Failed to Recover
When the credit crunch first broke in earnest last fall and froze the U.S. commercial mortgage-backed securities (CMBS) market in its tracks, the most bullish prognosticators predicted a mere blip. Read more...
Six Months into 2008, the CMBS Market Has Failed to Recover
When the credit crunch first broke in earnest last fall and froze the U.S. commercial mortgage-backed securities (CMBS) market in its tracks, the most bullish prognosticators predicted a mere blip. Read more...
June 25, 2008
U.S. Retail Store Closures Flirting with Six-Year High
Bankrupt home furnishing retailer’s Linens 'n Things disclosure this week that it plans to dispose of 120 locations is the latest burst in the retail sector's growing flood of store closings this year that has industry's real estate disposition firms scrambling. Read more...
U.S. Retail Store Closures Flirting with Six-Year High
Bankrupt home furnishing retailer’s Linens 'n Things disclosure this week that it plans to dispose of 120 locations is the latest burst in the retail sector's growing flood of store closings this year that has industry's real estate disposition firms scrambling. Read more...
June 18, 2008
Retail Not Part of Jones Lang LaSalle/Staubach Deal
Jones Lang LaSalle Inc.'s proposed $613 million acquisition of Addison, Texas-based real estate advisory firm the Staubach Co., which would create the second largest commercial real estate brokerage firm in the world, won't boost the Chicago-based global real estate giant's retail division. Read more...
Retail Not Part of Jones Lang LaSalle/Staubach Deal
Jones Lang LaSalle Inc.'s proposed $613 million acquisition of Addison, Texas-based real estate advisory firm the Staubach Co., which would create the second largest commercial real estate brokerage firm in the world, won't boost the Chicago-based global real estate giant's retail division. Read more...
June 11, 2008
REIT Week Attendees Expect Tough Times Ahead
The U.S. commercial property market will avoid the massive troubles crippling the single-family housing sector but will face hard times in the coming year, according to presenters at NAREIT’s annual REIT Week conference that took place in New York City from June 4 to June 6. Read more...
REIT Week Attendees Expect Tough Times Ahead
The U.S. commercial property market will avoid the massive troubles crippling the single-family housing sector but will face hard times in the coming year, according to presenters at NAREIT’s annual REIT Week conference that took place in New York City from June 4 to June 6. Read more...
June 4, 2008
Centro is Thrown a Lifeline
Struggling shopping center operator Centro Properties Group, one of the most high-profile victims of the credit crunch, remains afloat as its creditors this week extended the Melbourne-based listed property trust a lifeline by giving the firm a six-month extension to pay down $2.5 billion in debt. It now has until December 15 to come up with the funds. Read more...
Centro is Thrown a Lifeline
Struggling shopping center operator Centro Properties Group, one of the most high-profile victims of the credit crunch, remains afloat as its creditors this week extended the Melbourne-based listed property trust a lifeline by giving the firm a six-month extension to pay down $2.5 billion in debt. It now has until December 15 to come up with the funds. Read more...