Regions
Sony Corp. is Auctioning off Tokyo HQ, Part of Global Initiative to Raise Capital
Marking a growing trend among large companies, Sony Corp. is now putting up for sale one of its largest real estate properties.
Fairmont Hotel Opens on Palm Jumeirah
The world’s largest manmade island, The Palm Jumeirah in Dubai, is the location of the newest Fairmont hotel, the 381-unit Fairmont The Palm.
Global Growth Trust Invests in 316-Unit Texas Community
Global Growth Trust, a real estate investment trust, has partnered with Hunt Realty Investments and Trinsic Residential Group to develop a $34.9 million Class A, garden-style apartment community in Lewisville, Texas.
MARKET SNAPSHOT: Remaining a Beacon for Job Growth, San Jose Multifamily Market Rivals That of the ’90s
As employment growth across the country continues to hold steady at around one percent per year, the San Jose job market is seeing gains of between 3 to 4 percent per year.
Economy Watch: Retail Vacancies Edge Down
Reis Inc. reported on Wednesday that the vacancy rate for regional malls declined to 8.6 percent in the fourth quarter of 2012, down from 8.7 percent in the third quarter and 8.9 percent in 4Q11.
Steadfast Buys Lexington Property for $52M
Steadfast Income REIT Inc. has acquired Forty57, a 436-unit garden-style apartment property in Lexington, Ky., for $52.5 million. The property is currently 88 percent occupied.
TODAY’S DEALS: M&T Capital Provides Kennedy Wilson with $51.8M for Two Assets
HFF lands $51.8 million for Kennedy Wilson; San Antonio Commercial Advisors completes a 480-unit sale; and a 46-unit Manhattan Upper West Side building fetches $47 million.
Jones Lang LaSalle Acquires The Apartment Group, Grows Texas Presence
Jones Lang LaSalle has announced that it has acquired The Apartment Group. The price was undisclosed.
Berkadia Acquires One of the Nation’s Largest Multifamily Investment Sales and Research Firms, Hendricks & Partners
Berkadia Commercial Mortgage, a commercial real estate lender and servicer, announced the expansion of its U.S. presence through its acquisition of Hendricks & Partners.
Greystone Welcomes Scott Kavel, Veteran Originator to Seniors Housing Group
Greystone, a national provider of multifamily and commercial mortgage loans, announced that Scott Kavel has joined the firm’s seniors housing group as managing director.