Commercial Real Estate News

• Larry Ellison and USC's Cancer Research Institute Could Grow LA Life Science Cluster July 18, 2018
  When billionaire Larry Ellison’s eponymous medical institute at the University of Southern California opens a dedicated outpost in West Los Angeles next year, it could spark the beginning of a proper clustering of life science companies in the Santa Monica area in a way that has not been realized before in Los Angeles. The Lawrence […]
• Capital Markets Not Ignoring the Retail Sector July 18, 2018
  Christiana Mall in Newark, Delaware. Image credit: GGP. While office and hotel properties have been favorites in the capital markets this year, the turbulent retail sector has not been left out. That's been the case this week with details emerging on major mall refinancings from two retail real estate investment trusts. GGP, formerly General Growth […]
• Miami Voters to Decide Fate of David Beckham Soccer Stadium July 18, 2018
  Soccer icon David Beckham wasn’t in the house Wednesday, but business partner Jorge Mas finally persuaded Miami city commissioners to let voters decide whether Beckham can build a 25,000-seat stadium and entertainment complex on a city-owned golf course. After nearly nine hours of public comment and sometimes-heated discussion on July 12, the Miami City Commission […]
• Ferrara Candy, Sweet on Downtown Chicago, Will Move HQ from the Suburbs to City's West Loop July 18, 2018
  Add Ferrara Candy Co. to the list of Illinois corporations migrating from the suburbs and smaller cities to downtown Chicago. The maker of Baby Ruth’s, Lemonheads and Sno-Caps is moving its confections corporate business to the Chicago Loop, following a growing number of firms that are relocating or expanding office space in the city’s vibrant […]
• LinkedIn's Nationwide Expansion Makes It a Major Renovator of New York's Empire State Building July 18, 2018
  LinkedIn has again expanded in the 2.82 million-square-foot Empire State Building at 350 Fifth Ave., which still dominates the New York City skyline. A nationwide expansion by LinkedIn, the growing online networking service for 21st-century professionals, has led it to become a top renter an
• Minto REIT Price Rising, Analysts Expect More July 18, 2018
  Minto Place at 180 Kent St. in downtown Ottawa.Canada's newest apartment real estate investment trust is already undervalued, according to a couple of Bay Street analysts who initiated coverage of the REIT. Ottawa-based Minto Apartment REIT started trading this month and has already shot well past the initial public offering price of $14.50. Troy MacLean, […]
• Pupil Joins Stream Realty to Lead Southern California Expansion for Dallas-Based Brokerage Firm July 18, 2018
  Martin Pupil has joined Dallas-based Stream Realty Partners after 14 years at Colliers International. Martin Pupil, the former president of Colliers International's U.S. real estate brokerage operation, is headed to Dallas-based commercial leasing and investment sales company Stream Realty Partners. Pupil left Colliers last week after a 14-year career at the global real estate firm […]
• The Saga of One Beverly Hills July 18, 2018
  When Dalian Wanda Group Co. Ltd. bought an eight-acre property on a prime stretch of Beverly Hills’ Wilshire Boulevard, the Chinese commercial real estate and cinema conglomerate envisioned building a $1.2 billion, 5-Star hotel and condominium development that was ambitiously upscale, even by Beverly Hills standards. But four years later, the site at 9900 Wilshire […]
• Hines, Ivanhoé Cambridge to Begin Building Latest Downtown Houston Skyscraper at Former Chronicle Site July 18, 2018
  Hines, in a partnership with Ivanhoé Cambridge, is proceeding with plans to build a 1 million-square-foot skyscraper on the former site of the Houston Chronicle building in downtown Houston, adding to the skyline of the fourth-biggest U.S. city. The prominent Houston-based international developer said it will move its own headquarters to the 47-story tower once […]
• New Opportunistic and Multifamily Funds Help Reheat Real Estate Private Equity Market July 17, 2018
  One of Taconic Capital's latest investments was the mortgage securing JPMorgan International Plaza in Dallas. Private equity fundraising for real estate shows signs of heating up again in July after a slower pace in the second quarter. Firms raising money for multifamily and debt investments have been among the first to launch funds this month […]

NY / Southern CT Commercial Real Estate News

• Stone Point Capital To Acquire Sabal Capital Partners July 17, 2018
  Pat Jackson, Sabal Capital Partners founder and chief executive. Image credit: Sabal Capital Partners Stone Point Capital, a financial services-focused private equity firm, plans to acquire Sabal Capital Partners, a diversified financial services firm specializing in small-balance, commercial real estate lending, for an undisclosed amount. Sabal and the private equity fund signed definitive agreements for […]
• Exit Realty Search, Axre Join Better Homes and Gardens Rand Realty July 16, 2018
  Nanuet, NY-based Better Homes and Gardens Rand Realty merged with two local brokerage shops located in the Westchester market. Exit Realty Search, which primarily serviced all areas of Westchester, Long Island, the Bronx and Queens, joined Rand Realty in June. In part of joining Rand Realty, Exit Realty Search’s broker/owner Benny Diasparra will be bringing […]
• Lanxess Solutions Takes 29,000 SF in Armstrong Park July 9, 2018
  Lanxess Solutions, a specialty chemical company, signs a 28,962-square-foot office lease at 2 Armstrong Road in Shelton, CT. Located within Armstrong Park, the three-story property was developed in 1989 by Fusco Management Co. Lanxess will occupy the first floor and part of the second floor this September. Other major tenants located at the Armstrong Park […]

Hartford Commercial Real Estate News

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