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LATEST REAL ESTATE NEWS
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CoStar's People of Note (May 13-19)
This week's People of Note includes the following markets: Austin, Chicago, Houston, New York City, Philadelphia, Phoenix, San Antonio and Washington, DC.
AUSTIN
Transwestern Expands Investment Services Group
By Dennis Bozzell
Transwestern?s Central Texas region added Leah Gallagher as managing director for the firm's investment services group in Austin.
Gallagher?s duties will include representing major institutional, government and private...
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Financing Green Part I: Funding Energy Efficient Retrofits and Overcoming Uncertainty
It has become increasingly evident to those in the commercial real estate industry that improving building energy performance and making other sustainable and green improvements can impact property values and balance sheets. To some degree, building owners find themselves caught in a 'Catch 22' situation. On one hand, buildings that are slow to adopt these changes and implement green retrofits and more efficient operations are seen as being at a...
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Brookfield Asset Management to Spin Off $70B CRE Company
Brookfield Asset Management Inc., already one of the world's largest holders of commercial real estate assets under management, is making a major play to capitalize on recovering property markets and become an even bigger global player.
The Toronto-based firm, which already manages worldwide property, infrastructure and financial assets valued at more than $150 billion, said it will spin-off several of its CRE units into Brookfield Property Partners...
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Owners Report Scattered Office Leasing Success in Q1
Many of the nation's most prominent REITs and real estate companies reported continuing softness in the office leasing market during the first quarter. And while expectations for a continued slow recovery should result in expected hiring and improved leasing demand later this year, they acknowledge that economic uncertainties could drag down any success they might have been expecting.
CoStar Group culled through first quarter earnings press releases...
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Banks Finally Willing To Catch Up on CRE Borrowing Demand
Having experienced stronger demand over the past three months, banks have started easing their lending standards for commercial real estate.
The move is another signal that banks are more willing to start growing their CRE loan portfolios as they have in other lending areas.
The banking sector overall also has substantially improved its liquidity position over the past few years. Indeed, large banks in the aggregate have more than doubled their...
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Transwestern Hires 18 for NorCal, OC Offices
WALNUT CREEK, CA-The firm has added 17 new team members to cover East San Francisco Bay and one EVP for its Orange County office.
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Steuber Named L.A. Director of Cushman & Wakefield
LOS ANGELES-Scott Steuber will be working out of the firm’s downtown L.A. office; he has completed more than three million square feet of leasing transactions since 2004.
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Return of Debt, Equity Markets Fuel Retail
LAS VEGAS-GlobeSt.com speaks with ReCon 2012 attendees about pressure of traditional supermarkets, foreign money, interest rates, which type of retailers are active and why, and their overall expectations for the upcoming event.
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AMLI Residential Sells 440-Unit, Class A Asset to California Buyer
RICHARDSON, TX-JRK Property Holdings beats out 25 offers to take possession of the late 1990s multifamily property. The upside: A booming submarket and minor renovations to push rents.
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ABI Takes Disappointing Dip
WASHINGTON, DC-The Architecture Billings Index moved back into negative territory after five months of positive readings.
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