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Avaya acquires major office lease in Santa Clara from Harvest Properties

November 30, 2011

Harvest Properties announced the signing of Avaya to a significant lease agreement.

Empire State Building may be part of new REIT

November 30, 2011

Malkin Holdings, the agency that manages the famous 102-story Empire State Building, is considering making the property the center of a new public real estate investment trust early next year

CRE activity in Melbourne and Sydney rises as investors seek developed cities

November 30, 2011

In an unstable economy, location is increasingly essential to the survival of commercial real estate investment firms.

China CRE market to remain stagnant through 2013

November 30, 2011

Global economic concerns have stalled commercial real estate activity in some areas of the globe and due to amendments within the property market, real estate activity in China will be reduced.

Normandy acquires 1370 Broadway for $125 million

November 30, 2011

Normandy Real Estate Partners has laid plans to acquire 1370 Broadway in New York City for $125 million.

U.S. to see growth in CRE market through job creation and economic growth

November 30, 2011

Job creation and economic growth over the next year will boost the commercial real estate market in the United States during 2012.

Dune buys property loan for $105.1M

November 29, 2011

Low rental rates and a teetering economy can sometimes make it difficult for investors to convert them into condominiums, but this also gives way for great commercial real estate deals for investors.

Infamous Watergate office tower changes hands

November 29, 2011

Penzance, a private real estate investment firm, announced it has bought the infamous Watergate office property.

Canadian office market to have temporary lull in 2012

November 29, 2011

Based on Cushman & Wakefield's 2012 Office Outlook, Canadian commercial real estate transactions in the office sector are projected to slow down during the middle stages of 2012, but eventually pick up by the end of the year.

PREI acquires Chicago office tower for $183.5M

November 29, 2011

Golub & Company and BlackRock have now sold the 22 West Washington office property in Chicago for $183.5 million to Prudential Real Estate Investors.

European Banks using seller financing in asset sales

November 29, 2011

European banks are lending funds to investors to acquire commercial portfolios in hopes of selling distressed assets because of increasingly stringent regulations which are hampering growth, Bloomberg reports.

Canadian hotel transactions may total $1 billion by end of 2011

November 29, 2011

A healthier Canadian economy during 2011 has driven hotel real estate sales forward and projections for year-end transactions within the sector are estimated at $1 billion, according to Colliers International Hotels.

Coastal regions dominate life sciences' CRE demand, but other markets growing in U.S.

November 28, 2011

Although the instability of the economy has hindered national commercial real estate sales relative to the market's peak right before the recession of 2008.

U.S. CRE prices fall during September

November 28, 2011

Moody's/REAL National All Property Price Index dropped 1.4 percent during September, noting a decline in overall U.S. commercial real estate prices.

Investors bottom-feeding in stagnant South African CRE market

November 28, 2011

In an effort to accumulate portfolios in South Africa, real estate agencies have invested billions in non-leased office properties.

Deutsche Bank may consider selling off asset management division

November 23, 2011

Due to regulatory changes in the bank industry, Deutsche Bank is considering to sell most or all of its 516 billion euro ($690 billion USD) asset management division, which would include RREEF.

National Bank of Kuwait projects CRE activity to grow following September rise

November 23, 2011

Even through global economic instability, and an overall decline in commercial real estate transactions worldwide over the past few years, Kuwait managed to show growth during September.

SLI and SWIP invest in CRE amid rental projections

November 22, 2011

Standard Life Investments and Scottish Widows Investment Partnership are increasing commercial property investments in hopes the projections of higher rental rates in London and its surrounding suburbs are true, Bloomberg reports.

Blackstone to acquire a Morgan Stanley portfolio for $800M

November 21, 2011

Blackstone Group announced plans to acquire a 16-office building portfolio valued at approximately $800 million.

Leasing availability in U.S. shopping center sector to decline in 2012

November 21, 2011

Since 2005, leasing opportunities for U.S. shopping centers has been relatively abundant, but for the first time in more than 6 years, availability will decline next year as a result of a reinvigorated economy, CBRE Group explains.

Cromwell acquires Australian office tower for $93M

November 21, 2011

Australia's Leighton Properties announced the sale of its new office tower in Ipswich to Cromwell for $93 million.

Spanish banks' CRE market in dire straights

November 21, 2011

Feeling the pressure to cut property debt, Spanish banks have approximately ?30 billion ($41 billion USD) of unsellable real estate, Bloomberg reveals.

India's lack of construction professionals may lead to real estate crisis

November 18, 2011

Based on a study the Royal Institution of Chartered Surveyors, India is facing a real estate and construction crisis.

Inland Western acquires Texas shopping center for $97.6M

November 18, 2011

Inland Western Retail announced the acquisition of 1890 Ranch for $97.6 million through a joint venture with RioCan.

Fisher sells Seattle plaza for $160M

November 18, 2011

Fisher Communications announced an agreement to sell Fisher Plaza for $160 million to Hines Global.

Economy and job growth at the height of CRE market's concern

November 17, 2011

Proposals up for debate leading into the 2012 election could weigh heavy on the future of the commercial real estate industry, but experts suggest real change may not happen until afterward, National Real Estate Investor reports.

MEPT commits $100M to 35-story apartment complex in Manhattan

November 17, 2011

Multi-Employer Property Trust announced with its advisor, Bentall Kennedy, that it has committed more than $100 million in equity to develop a 35-story, 165-unit apartment complex in Manhattan.

U.S. law firm office property market reeling but maintains force

November 16, 2011

Based on Jones Lang LaSalle's annual Law Firm Office Perspective report, the unstable United States economy has hampered the legal sector, forcing numerous firms to downsize office space.

UK rental growth declines in midst of European debt crisis

November 16, 2011

The European debt crisis burdened UK capital growth and the total return of 0.6 percent for October was primarily stimulated by income, according to the IPD UK Monthly Index.

Taiwan expects record CRE sales in fourth quarter

November 16, 2011

Taiwan's commercial property sales during the fourth quarter could reach NT$45 billion (USD $1.49 billion), which would mark a year-high figure in large part due to the increased demand from domestic life insurance agencies, Tapei Times reports.

HFF announces $115M refinance of 980 Madison Avenue in Manhattan

November 15, 2011

Holliday Fenoglio Fowler announced a $115 million refinancing for 980 Madison Avenue in Manhattan.

Growth ahead for majority of EMEA hotel markets

November 14, 2011

According to Jones Lang LaSalle Hotels Hotel Investor Sentiment Survey, the EMEA hotel market declined in the second and third quarter, but the following six months should show an increase in trading activity.

Asia-Pacific office activity grows

November 14, 2011

Office rentals in Asia-Pacific rose at approximately twice the international pace during the third quarter as a result of increased capital in China, Jones Lang LaSalle said in its Global Market Perspective Third Quarter 2011 report.

New York City reclaims position as top CRE market

November 11, 2011

Based on a report by Savills, New York City is again the number one leader in commercial real estate investing.

Hines Global acquires Campus at Marlborough for $103M

November 11, 2011

Hines Global announced the acquisition of the Campus at Marlborough in Massachusetts from Bel Marlborough I for $103 million.

REITs decrease property acquisition rate, increase rates and redevelopment

November 10, 2011

U.S. real estate investment trusts with substantial capital are renovating buildings while raising rents instead of acquiring new properties, Bloomberg reports.

FTP announces close of $628M fund

November 09, 2011

Fir Tree Partners announced the close of its $628 million committed capital Real Estate Opportunity Fund II, which surpassed its original target by $128 million.

Largest construction project in Manhattan breaks ground

November 09, 2011

New York City Mayor Michael Bloomberg was on hand as the Gotham organization broke ground on an affordable housing complex on the Far West Side of Manhattan, which will be the largest construction project on the island.

Prudential and Northwestern Mutual loan $200M to Macerich

November 08, 2011

Prudential Mortgage Capital Company and Northwestern Mutual Real Estate Investments together provided a $200 million loan for Santa Monica, California-based real estate investment trust The Macerich Company.

HFF acquires 16-property portfolio for $357M

November 08, 2011

Holliday Fenoglio Fowler announced the sale of a 16-property self storage portfolio in Connecticut, New York and Pennsylvania.

Herald acquires two European shopping centers for 100 million euros

November 08, 2011

On behalf of its European Retail Property Fund, Herald, Henderson Global Investors announced the acquisition of Galerie des Ailes in Le Blanc Mesnil, France, and Real Hypermarket and Gallery in Dreieich, Germany, for 100 million euros ($137.5 million USD).

Economy has negative effects on U.K. CRE activity, yet investors maintain

November 07, 2011

The Q3 IPD U.K. Quarterly Property Index explains the struggling economy has resulted in a deteriorating value across the commercial property market.

D.C.-area developments enduring unstable market

November 07, 2011

Real estate developers in the Washington, D.C. area are planning to build office properties speculatively, though numerous investors are awaiting bank loans, The Washington Post reports.

MBA reveals record number for commercial and multifamily originations

November 04, 2011

Based on the Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations by the Mortgage Bankers Association, commercial and multifamily mortgage loan originations during the third quarter of 2011 were 98 percent higher than the same time last year.

Massachusetts senior community sells for $55M

November 04, 2011

The Oak Point 55-and-over residential complex in Middleboro, Massachusetts, was sold to Hometown America for $55 million, The Enterprise reports.

RICS reveals downward real estate market trends

November 03, 2011

Based on RICS' third quarter 2011 Global Commercial Property Survey, the global real estate market is showing signs of the effects of a softer macroeconomic climate.

Harrison Street Real Estate Capital acquires eight-property portfolio for $125M

November 03, 2011

Harrison Street Real Estate Capital announced the acquisition of E-Quest Portfolio, a portfolio with eight senior housing properties in Houston and Oklahoma City, Oklahoma, for approximately $125 million.

Faris Lee Investments announces $79.3M sale of Las Vegas shopping center

November 02, 2011

Faris Lee Investments announced the sale of The District at Green Valley Ranch by LNR Partners for $79.3 million to Vestar Development and Rockwood Capital.

Short-term gains, long-term uncertainty for U.S. retail market

November 02, 2011

In its Third Quarter 2011 North America Retail Highlights report, Colliers International revealed that the national retail real estate sector will close out with a slow growth period, as investors, developers and retailers hold back their investments.

MetLife grants $725 million in loans for NYC offices

November 02, 2011

MetLife recently announced that it had granted a total of $725 million in financing for a pair of Manhattan offices.