Commercial Real Estate Staff Report The vacancy rate for office properties in St Louis increased to 18 percent in the first quarter, its highest level since 2013 when it reached 1793 percent, according to Colliers International The latest rate...
Los Angeles Business Journal Douglas Emmett Inc has paid $330 million, or $275 million/unit, for the 120-unit apartment property at 1221 Ocean Ave in Santa Monica, Calif The local REIT purchased the property from Irvine Co of Newport Beach, Calif...
Commercial Observer Harrison Street has paid $156 million, or $1,457/sf, for two medical office properties with a combined 107,000 square feet in Beverly Hills, Calif, and Santa Monica, Calif The Chicago investment management firm purchased the...
Rentvcom Becton, Dickinson and Co has agreed to lease 240,000 square feet at Park Point, a 472,000-sf office and research and development property in Milpitas, Calif JLL brokered the lease on behalf of the medical technology company, while Newmark...
Kastle Systems, which tracks actual occupancy at office properties in major markets across the country, reported a slight decrease in occupancy for the week through May 18, to 433 percent The Falls Church, Va, company, which installs security...
Commercial Observer Fora Financial has inked a nine-year lease for 23,500 square feet, encompassing the 15th floor at 1385 Broadway in Manhattan The lender of small business loans will move from 519 Eight Ave, also in Manhattan, where it’s...
Wall Street Journal Amazoncom Inc, perhaps the most active lessee of industrial space in recent years, is said to be looking to vacate at least 10 million square feet of warehouse space it occupies and may want to sublease it The move follows the...
Multi-Housing News Tides Equities has paid $65 million, or $270,833/unit, for Laurel Park, a 240-unit apartment property in Las Vegas The Los Angeles investor purchased the property from Sunset Group, which had acquired it in 2019 for $32 million...
Meridian Pacific Ltd is offering for sale the 113,425-square-foot Puna Kai Shopping Center in Pahoa, Hawaii The Waipahu, Hawaii, developer has hired Marcus & Millichap to market the retail property for sale It’s expected to sell for $75...
Multi-Housing News EverWest Real Estate Investors has paid $545 million, or $419,230/unit, for the 130-unit Muir Apartments in Seattle The Denver company purchased the property from its developer, Daly Partners, which was represented by Kidder...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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