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Commercial Real Estate News

In this section we've added RSS feeds from several commercial property news sources.

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Major League Baseball (MLB) has signed a new lease for approximately 400,000 square feet in the office building at 1271 Avenue of the Americas in New York City. The iconic 48-story, 1.96 million-square-foot, 5-Star office tower was completed in 1959, built by George A. Fuller Company and designed by Harrison & Abromovitz & Harris as part of the modern expansion of Rockefeller Center on the west side of Sixth Avenue in Midtown Manhattan's Columbus...
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Seattle, Los Angeles, Boston, Atlanta, Philadelphia, Chicago, Dallas / Ft. Worth, Minneapolis, San Diego, Inland Empire, Baltimore, Kansas City, New York City, Houston, Orange County, Denver, and Detroit / Grand Rapids. SEATTLE KM Frames Independent Future with New...
The same week it reported that mortgage and commercial real estate lending helped boost its third-quarter revenue, Atlanta-based SunTrust Banks announced an agreement to acquire the multifamily lending business of Pillar Financial, a boutique agency lender that holds licenses with all three agencies -- Fannie Mae, Freddie Mac and the Federal Housing Administration. The deal also includes the commercial real estate investor services business of...
Toronto-based Milestone Apartments REIT has agreed to acquire a six-property multifamily portfolio comprising 1,460 units in North Carolina, Colorado, Oklahoma, Florida and Texas for $242.2 million. To partially fund the acquisition expected to close by Dec. 1, the REIT also announced that it has reached an agreement with a syndicate of underwriters headed by BMO Capital Markets and CIBC Capital Markets to buy deal equity by issuing 9.49 million...
While the non-traded REIT sector has been struggling of late, the parent of Newmark Grubb Knight Frank is jumping into the turbulent business by sponsoring its first such offering. Cantor Fitzgerald said it will launch Rodin Global Property Trust, a new non-traded REIT that aims to raise up to $1 billion to invest in single-tenant, net leased commercial properties in the U.S., U.K. and other European countries. Cantor has a diversified business...
National Real Estate Investor
NMHC's third quarter data shows softer multifamily market conditions, reports MultiHousing News. The Street interviews JCR Capital's CEO on the ramifications of a Clinton or Trump administration. These are among today's must reads from around the commercial real estate industry.

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Without a fix, commuters could abandon the service called BART -- exacerbating clogged freeways, undermining new corporate relocations and setting back the area that’s already straining under the most expensive residential real-estate market in the country.

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Nashville is one of the top five markets for office pre-leasing, according to real estate services firm JLL.

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Business is bottom line-motivated and very competitive and it is easy to construe that as an opportunity to cut certain corners.

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San Antonio's growth has prompted more than a few double takes as the city continues to stretch outward to accommodate its accelerating population and commercial growth.

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Wall Street Journal
Columbia’s Jerome L. Greene Science Center is a modern space with glass walls, wide sidewalks and public squares—a departure from the university’s graceful 19th-century Beaux Arts main campus.
Major League Baseball is expected to sign a large lease as early as Thursday to consolidate its Manhattan operations at the former Time & Life Building, according to people familiar with the deal.
Young buyers could return to the housing market in droves this spring, according to an analysis of web searches performed by
Texas builder LGI Homes is using an aggressive marketing operation to carve out success in low-price entry-level homes in far-flung suburbs and exurbs.
Soaring apartment costs in Silicon Valley are fueling popular support for an idea bitterly opposed by many landlords in America’s technology capital: rent controls.
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