Equity Office Property Buyers Should See Higher Rents
Commercial Real Estate Direct Staff ReportInvestors that purchased former Equity Office Properties Trust buildings from Blackstone Group should be successful in raising rental rates.That's largely because Equity Office, a REIT, had followed a strategy of keeping its 580 office...
Extended-Stay Hotel Builder to Develop in Indianapolis
Indianapolis StarValue Place, a builder of extended-stay hotels, is building a 121-room hotel in Indianapolis. The four-story property at 9515 Pendleton Pike is due to open by late next summer. The company also plans to build an identical property...
Mission Capital Offers 2 Loan Portfolios Totaling $20Mln
Commercial Real Estate Direct Staff ReportMission Capital Advisors is offering a pair of loan portfolios with a combined balance of $20 million.Both portfolios, which are offered by different sellers, are expected to be sold before the end of June....
DeSanto Realty Pays $25.7Mln for Wichita Medical Buildings
The Wichita EagleDeSanto Realty Group of Radnor, Pa., has paid $25.7 million for two medical buildings in Wichita, Kan., with a total of 74,518 square feet. The buildings are inside the Cypress Medical Park at 9300 E. 29th St....
Economy Starts Slowing; Property Markets Remain Strong
Fundamentals in the office market remain solid, but the economy is starting to show signs of slowing down, according to Reis Inc. That should result in an eventual slow down in rent and occupancy increases and a reduction in...
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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.
