The Washington Business Journal recognized CoStar Group’s leaseback of its Washington headquarters building at 1331 L Street NW as the Best Real Estate Deal of 2011 in the Urban Office Sale category, according to MarketWatch. The 169,429sf Class A building … Continue reading →
StratfordPatch cites a Cushman & Wakefield report indicating a rise in Fairfield County vacancy rates. The average vacancy rate for Class A office space increased from 20.4 percent in the last quarter of 2011 to 21 percent in the first … Continue reading →
Ares Commercial Real Estate Corporation, a specialty finance company that invests in and manages middle-market commercial real estate loans has priced its initial public offering (IPO) of 7,700,000 shares of common stock at $18.50 per share, raising approximately $142.5 million … Continue reading →
A $2.4-million judgment against real estate developer David Schostak (of Schostak Brothers & Co.) is the subject of controversy and a legal battle in Michigan. Schostak guaranteed a loan that was pooled with others as a commercial mortgage-backed security (CMBS). … Continue reading →
Boston-based AEW Capital Management LP has purchased Flagler Station, South Florida’s largest industrial park for $340 million, according to a report in Commercial Property Executive. Flagler will continue to manage and lease the 33-property, 4.2 million square-foot (msf) portfolio for … Continue reading →
Austere lending policies and an overall atmosphere of caution are keeping demand restrained in the UK. The Wall Street Journal, citing data from the Royal Institution of Chartered Surveyors (RICS), reports that rents are expected to fall again across England … Continue reading →
Boston’s Seaport District is becoming a sought after market for office space, according to a report in the Boston Business Journal. The first quarter office Increasing your dosage can increase the side effects, so you should make it a point … Continue reading →
Demand for rental properties is high. Multifamily properties are benefitting from the lowest home-ownership rate since 1998 according to a recent report. Apartment construction reached a 50-year low in 2009 but is now experiencing a robust rebound despite attractive purchase options in … Continue reading →
The Richmond Times-Dispatch reports that with an increase in debt capital availability and a decrease in the number of high return yet low-leveraged commercial real estate investment options in the “fortress” markets, investors are looking to second-tier markets for opportunities. … Continue reading →
Construction of the 3.8 million square foot DHS headquarters on the west campus of the former St. Elizabeths Hospital has an uncertain future. The reason, according to a Washington Post report, is disagreement about the size of the project and … Continue reading →