The seller, Republic West Remodeling, will continue to occupy part of the building, while the remaining space will be leased out to a new tenant.
ORION Investment Real Estate facilitated the sale of an office property at 8101 E. McDowell Road in Scottsdale, Ariz. The building, containing 18,000 square feet of office and industrial space, sold for $2.2 million to local real estate investors and restaurant franchise owners Chad Burge and Tiffany Oder. The new owners plan for a new tenant to initially move into a small part of the property. The building is currently occupied by previous owner Republic West Remodeling, who has inked a leaseback deal to remain at the property…
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An expanding pipeline and affordability issues are putting pressure on rent growth, but the borough’s multifamily market continues to show signs of long-term stability, due to New York’s overall strong fundamentals.
An expanding pipeline and affordability issues are putting pressure on rent growth in Queens, but the borough’s multifamily market continues to show signs of long-term stability, due to New York’s overall strong fundamentals. Bucking nationwide trends, Queens rents dropped 1.0 percent in the 12 months ending in September, while upcoming decisions on rent stabilization may soon reshape the borough’s market…
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  • Rightmove says prices in the capital will fall another 2%
  • Nationally, values will likely rise 1% as shortage continues

London’s property market is in for another rough ride next year, according toRightmove Plc.

Home values in the capital are likely to fall another 2 percent in 2018 after a 1.8 percent decline this year, the real estate website operator said Monday. In December alone, prices dropped 3.7 percent in London and by 2.6 percent nationally. The month usually sees a big seasonal slump…

London Property Market Likely to Continue Price Drop in 2018

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The nearly 92,000-square-foot facility is leased entirely by a single tenant, FedEx Group. Marcus & Millichap represented the seller in the transaction.

BLT Enterprises has sold a 91,711-square-foot distribution facility located in Central Point, Ore. for $15.9 million. Marcus & Millichap’s David Weinberg, Paul Kerber and Adam Lewis represented BLT Enterprises, while the buyer Tomchi Oregon LLC was represented by Barbara Kreis of Sperry Van Ness.

The property’s single tenant is FedEx Ground, which has been leasing the property for eight years. The warehouse is located in the Medford submarket, a region that has encountered a strong population growth in the past several years…

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  • Trade Secretary Liam Fox to anounce funding at WTO conference
  • Aid will support developing economies by expanding exports

The U.K. government will donate 18 million pounds ($24 million) in trade development aid to 51 of the world’s poorest countries, the Department of International Trade said.

International Trade Secretary Liam Fox will announce the funding at the World Trade Organization’s ministerial conference in Argentina on Monday, the department said…

U.K. to Pledge $24 Million for Trade Development in 51 Countries

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New Market Properties LLC, the company’s wholly-owned subsidiary, purchased Crossroads Market in Naples, Fla. The shopping center is anchored by a Publix grocery store.

Preferred Apartment Communities Inc. (PAC) has expanded its Florida portfolio with the acquisition of Crossroads Market, a 126,895-square-foot shopping center in Naples, Fla. The $19 million deal was carried out through PAC’s wholly-owned subsidiary New Market Properties LLC., while HFF marketed the property on behalf of the seller, a private real estate fund advised by Crow Holdings Capital – Real Estate.

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Well that didn’t last long.

Just a few short days after market observers declared the end of momentum and technology stocks’ reign atop the best performers, hedge funds’ appetite for the shares is picking up again. After cutting their exposure by 7 percent in November, leveraged buyers have already added back on a quarter of that reduction, according to data from Credit Suisse Group AG…

Hedge Funds Love Tech Again

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Stanford Children’s Health’s pediatric hospital campus will more than double its size by adding nearly 150 beds in its latest sustainably designed building.

Stanford Children’s Health has opened the new main building of the Lucile Packard Children’s Hospital Stanford in Palo Alto, Calif., more than doubling the hospital in size. The 521,000-square-foot structure will add 149 beds to the hospital’s campus, greatly expanding the capacity of the facility.

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  • By the second half of 2018, Fed may have more of an effect
  • Real cash rate seen having more influence than yield curve

This year’s boom in financial markets has taken things to “late cycle,” but the cycle has a little ways to go yet, according to JPMorgan Chase & Co.

The key trigger for an “inflection point in risky markets and volatility” will be when cash rates adjusted for inflation are at 1 percent, JPMorgan strategists led by John Normand and Dubravko Lakos-Bujas wrote in a Dec. 8 note. Currently, the rate is about negative 0.5 percent, measuring the upper band of the Federal Reserve’s policy target minus the consumer-price index excluding food and energy…

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The City of Oaks’ economy and lodging industry continues to see strong growth, as the area remains a premier destination for business and tourism. Consulting firm HVS’ research pointed out that Raleigh’s hotel industry is performing well, making Raleigh one of the top hospitality markets in the country.
Population gains and steady rent growth are luring investors and developers to the Research Triangle and the hospitality industry is one of the largest beneficiaries. HVS Senior Vice President Janet Snyder and Project Manager with the firm’s Detroit office Michael Bendert have carried out a report regarding Raleigh’s hotel landscape. The city was named among the top 12 destinations in the world to visit in 2017 by Forbes Travel Guide, a designation that helped boost an already strong hotel and tourism industry…
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  • Careem gets backing from Rakuten, Didi, Daimler and others
  • Mideast tech companies increasingly on investors’ radars

Once upon a time, building new roads was the most logical way to improve transportation. Now, making the most efficient use of roads is even more important, according to the chief executive officer of ride-hailing company Careem Inc.

“We believe ride hailing, or a version of it, is the best way to build public transport today,” Mudassir Sheikha said in an interview in Dubai, where Careem is based. There’s a Middle Eastern city “that’s building a metro bus system for $700 million dollars that will transport 200,000 people. If they invested the same amount in ride-hailing, it would have capacity for 1.5 million people and create 100,000 jobs.”…

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And that’s before potential $900,000 annual maintanence fees.
  • Private condos aboard The World top rates in London, New York
  • Vessel tours North America this year marketing units for sale

It’s among the world’s most-expensive real estate per square foot, where the oceanfront views never tire, and where the price of entry buys access to the otherwise inaccessible—165 apartments aboard The World, a condo cruise ship. Its intensely private residents spend a third of the year, on average, gliding to the planet’s farthest reaches: Antarctica, Pacific atolls that haven’t seen a ship in two decades, and Ascension, a volcanic outcropping halfway between Africa and Brazil…

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The assets total 92,000 square feet and previously changed hands when M&T Bank purchased them through the acquisition of Hudson City Savings Bank in 2015.

M&T Bank has disposed of two office buildings in Paramus, N.J. Two different entities purchased the 92,000-square-foot assets, which are strategically located immediately off of routes 17 and 80.

The first building is located at 80 W. Century Road and comprises 70,000 square feet on 3.5 acres. Amenities include 15,000-square-foot flexible floor plates and an on-site M&T bank branch, which will continue to operate despite the change in ownership. The new owner plans to occupy part of the building, while the remaining portion will be marketed for lease.

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Meritex has begun development of an 80,000-square-foot warehouse next to its 11-building CLT Logistics Center. Construction is anticipated to wrap up early next year.

The Meritex Co. has begun construction work on its latest development near Charlotte Douglas International Airport in Charlotte, N.C. The building, expected to deliver in the first quarter of 2018, is the first of three to be built next to the company’s 11-building CLT Logistics Center, which it acquired last year.

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  • Economists say interest deduction doesn’t boost homeownership
  • Republican tax bill would diminish the housing perk’s use

One of America’s most popular tax breaks is about to be rendered nearly useless. And there are few economists rushing to defend it…

Homebuying Doesn’t Hinge on the Mortgage Tax Break

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The West Hotel Curio Collection by Hilton comprises 182 guestrooms and was designed by Fitzpatrick + Partners, with interiors by Wood Bagot.

Multiplex has completed construction of West Hotel, Curio Collection by Hilton, which marks Australia’s first Curio hotel.

Located at 65 Sussex St. in Sydney, the 182-key hotel was designed by Fitzpatrick + Partners, with interiors by Wood Bagot. The property features spacious suites, a restaurant, open air garden atrium, private meeting and dining room, bar and fully-equipped fitness center. West Hotel features a botanical theme throughout with a three-story internal garden atrium courtyard, white flower motif in the lobby and floral-inspired carpet design in the guest rooms. A signature feature of the hotel is its geometric façade with 333 individual panels of glass used for its construction, the first of its kind in Australia. Construction began in October of 2016 and was completed in less than 13 months…

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Miramar Capital purchased a 124,000-square-foot office building in Redondo Beach, Calif., from Gramercy Property Trust. At the time of sale, the asset was 58 percent occupied.

Gramercy Property Trust sold Redondo Beach Business Court to Miramar Capital. The 124,400-square-foot office building in Redondo Beach, Calif., changed hands for $36.7 million.

The two-building asset, located at 3701 Doolittle Drive, was completed in 1985 and underwent cosmetic renovation in 1989. The building offers more than 200 parking spaces and convenient access to interstates 105 and 405. Redondo Beach Business Court was 58 percent occupied at the time of sale, with less than two years remaining on the lease term for its tenant Northrop Grumman. The property is situated near multiple restaurants and hotels, including Annapurna Indian Restaurant, Spires Restaurant and SpringHill Suites by Marriott…

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NIMBYs may not like the answer, but it’s the law of supply and demand.
Living in San Francisco, it’s hard not to notice the city’s changing demographics:
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The Davis Cos. acquired The Windalier Portfolio in West Lebanon, N.H., comprising three shopping centers totaling more than 230,000 square feet.

NKF Capital Markets has completed the sale of The Windalier Portfolio in West Lebanon, N.H. The Davis Cos. acquired the 230,035-square-foot asset for $27.2 million. NKF Managing Director Justin Smith, U.S. Head of Capital Markets Robert Griffin and Executive Managing Director Geoffrey Millerd represented the seller, Dead River Properties.

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The major facility now under construction could be the first tech campus to achieve net zero, non-potable water use. Moreover, the buildings will be designed to meet LEED Platinum certification and will feature solar panels, a “living” roof and more.

Microsoft’s new Silicon Valley Campus, a 643,000-square-foot “modernization” of the tech giant’s 32-acre location in Mountain View, Calif., will be the company’s “smartest, greenest office yet,” according to a blog post earlier this week by Microsoft Chief Technology Officer Kevin Scott.

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  • Upward revision to business investment exceeds expectations
  • Drop in private consumption underscores soft consumer demand

Japan’s economy expanded in the third quarter more than initially reported, as the export recovery drove stronger business investment and rising inventories. Private consumption fell, underscoring the divide between external demand and consumer spending…

Japan’s 3Q GDP Growth Revised Up to 2.5% on Capital Spending

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NKF Capital Markets arranged the acquisition financing on behalf of Lane Partners for HQ@first, a 603,666-square-foot, three-property creative office tower.

Lane Partners has secured $200 million for the acquisition of HQ@first, a three-property creative office tower in San Jose. NKF Capital Markets arranged the financing placed with Blackstone Mortgage Trust.

Located at 110, 120 and 130 Holger Way, the 603,666-square-foot, Class A asset was constructed in 2010 and is situated on just under 10 acres. The LEED Gold certified property features landscaped paths, views of the bay and hills, patio areas, a fitness center with locker rooms, executive business center, natural light, outdoor barbecue, basketball court, game room and 300-plus seat cafeteria…

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No major office project has come online since 2008, but market dynamics are poised to shift, with substantial new commercial developments planned for the coming years.
West Palm Beach is currently in the middle of an economic surge. Area employment grew at a swift pace and roughly 18,200 jobs were added in the 12 months ending in July. Companies willing to relocate into the metro are lured by the strong local economy and the lack of a state income tax. Moreover, the city of West Palm Beach has been attracting employers through incentive packages offering firms more than 10-year tax breaks for creating new, high-paying jobs.
The market’s total office inventory encompasses more than 25 million square feet, and roughly 6 million square feet is under various phases of development. No major office project has come online since 2008, but market dynamics are poised to shift, with substantial new commercial developments planned for the coming years. In the aftermath of Hurricane Irma, Florida’s prime office markets reported minimal impact…
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  • Firm is said to have $200 million position in Hovnanian battle
  • Bank said to have sold CDS on builder that GSO wants triggered

In a year of missteps across its trading business, Goldman Sachs finds itself in a dicey situation again…

Goldman Traders Are Caught Up in a Bizarre, Tense Hedge Fund Battle

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With a 98 percent occupancy rate, Laguna Village Investors LLC bought the 15-acre asset anchored by Regal Cinemas and 24 Hour Fitness.

Hall Equities Group has sold Laguna Village, a 120,893-square-foot community retail center in the North Laguna area of Sacramento, Calif. for $32.5 million.

Newmark Cornish & Carey (NCC) Senior Managing Directors Mike Zylstra and Forrest Gherlone represented the seller, while NCC Executive Vice President Tom Fehr, Senior Managing Director Anthony Pappageorge and Director Zachary LeBeouf represented the buyer, Laguna Village Investors LLC, a private investor from the Sacramento area

NCC Closes $33M Sale of Sacramento Retail Center

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U.K. house prices rose for a fifth month in November as a lack of homes for sale kept the market tight…

U.K. House Prices Rise for a Fifth Month on Dearth of Supply

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  • Firms lost about 0.1% last month in biggest drop since June
  • S&P 500 rallied more than 20% for the year through November

Hedge funds slipped in November, losing about 0.1 percent on average, even as the broader stock market rose, according to a report Thursday by Hedge Fund Research...

Hedge Fund Performance Slipped in November

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When Steve Case, the billionaire co-founder of AOL, first met J. D. Vance, author of “Hillbilly Elegy,” the best-selling book about the industrial decline of the Midwest, Mr. Case told him, “I really love the book but there is a part of it I don’t love.”

Mr. Vance listened patiently.

“It helped frame the problem but it didn’t really offer up a solution,” Mr. Case told him…

From Bezos to Walton, Big Investors Back Fund for ‘Flyover’ Start-Ups

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The M1 portfolio encompasses 12 retail assets totaling 4.8 million square feet across 620 stores. The properties are all single level, fully-leased and grocery-anchored.

Echo Polska Properties has acquired 12 major shopping centers and retail parks in Poland, in three tranches, in the course of three years. The purchase, from a consortium with 25 percent owned by Redefine Properties, totals €692 million or around $818 million. This acquisition is part of a larger 28-property portfolio that was taken over by the consortium.

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North American Properties plans to transform a 418-acre brownfield site on the Raritan River in Sayreville, N.J., into the state’s “next great hometown.” The firm’s Managing Partner Mark Toro discusses what to expect from the project and how it will impact the community.

The brownfield redevelopment trend continues to emerge throughout the northeastern U.S. as a profitable strategy for developers. North American Properties (NAP) has revealed its plans for Riverton, a $2.5 billion riverfront project in Sayreville, N.J., which will offer a mix of retail, restaurants, office space, hotels with resort-inspired services, parks and a marina, complemented by open gathering spaces, all on a 418-acre site.

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SAN FRANCISCO — Shervin Pishevar, a Silicon Valley investor, is taking a leave of absence from his venture capital firm and the boards of several companies he sits on amid reports that he sexually harassed or assaulted five women.

In a statement on Tuesday, Mr. Pishevar said he was taking a leave from Sherpa Capital, the venture firm he co-founded; the transportation company Virgin Hyperloop One, which he also helped found; as well as other company boards…

Silicon Valley Investor Takes Leave of Absence After Harassment Reports

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The 52-acre, 1.3 million-square-foot Bayshore Town Center is located in a suburb of Milwaukee and features retail, office and residential space.

Cypress Equities will handle property leasing and management services for Bayshore Town Center in Glendale, Wis., a suburb of Milwaukee. The 52-acre, open-air mixed-use development boasts 1.3 million square feet of retail, office and residential space. The change in management and leasing comes after the sale of Bayshore to AIG Global Real Estate Services.

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  • Changes could send already low U.S. home inventories lower
  • Losing deductions will be especially tough in high-tax states

In San Francisco and Scarsdale, Jersey City and Greenwich, the real estate talk is the same: Just how bad will this Republican tax overhaul hurt?…

The GOP Tax Plan Would Make America’s Housing Shortage Even Worse

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With the assistance of HFF, J.P. Morgan Asset Management sold the 4.2 million-square-foot office and retail complex in downtown Houston to Canada’s Brookfield Properties.

In one of Houston’s largest office transactions ever, the 4.2 million-square-foot Houston Center has traded for $875 million. Having relied on HFF to secure a buyer, institutional investors advised by J.P. Morgan Asset Management sold the nine-acre downtown property to Canada’s Brookfield Properties. HFF also arranged acquisition financing on behalf of Brookfield.

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The company negotiated five retail and office leases, as well as the $1.4 million sale of a warehouse and land parcel.

Divaris Real Estate’s Richmond office completed six new deals in the metropolitan area, totaling 63,842 square feet. The transactions included a sale and five leases.

The sale comprised a 2.1-acre plot of land and a 28,300-square-foot warehouse building,  which Bloxton Investment Group acquired for $1.4 million from SKS Associates. Vice Presidents Peter Vick and Harrison Hall represented the buyer in the transaction. The asset is located at 2800 Ackley Ave. in Henrico, Va. The location provides access to distribution routes, such as Route 33 and Interstate 295…

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  • Debate divides Wall Street; Goldman says short the 10-year
  • Yields now show more sensitivity to inflation than jobs data

For traders in the world’s biggest bond market, getting inflation right is shaping up as the key to winning 2018…

Bond Traders Home In on Inflation Mystery as the Key to Winning 2018

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Office leasing activity was solid in all submarkets, with nearly 1.5 million square feet leased across the metro. Roughly 200,000 square feet of space is scheduled to come online by year-end.

The Inland Empire’s economy is strong, fueled by port activity and a bustling housing market, but that doesn’t translate into significant growth for the office sector. Although office-using jobs have grown by about 17 percent during the last decade, they account for only a small share (14 percent) of total employment. As a result, lease rates and development are increasing at moderate levels.

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The market crash of 2007 and 2008, accompanied by the rise of e-commerce, has forced the retail sector to transform. Colliers International’s Katy Welsh weighs in on how retail owners have adapted their strategies and properties over the past decade.
The global financial crisis impacted all sectors of the real estate industry, and retail was no exception. Weaker consumer buying power led to store closures and thus a shrinking retail segment. A decade ago, the sector had grocery stores to thank for keeping it alive, and ever since, shopping centers have been transforming to meet the needs of the modern customer. Katy Welsh, senior vice president of retail leasing at Colliers International in South Florida, discussed how the retail sector has changed since the recession and what’s in store for the the shopping experience of the future…
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  • Portfolio to hold mostly digital tokens from secondary market
  • Of more than 100 crypto funds, only a few use quant strategies

A daring few hedge funds are attempting to apply rules and models to the wildest market out there — cryptocurrencies…

Hedge Funds Try a Quant Approach to Tackling Cryptocurrencies

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The company purchased LPL Financial Carolinas Corporate Campus, located in Fort Mill. This property is one of LPL’s major national offices and the largest by headcount and square footage.

Griffin Capital Essential Asset REIT has acquired LPL Financial Carolinas Corporate Campus for $130 million. Comprising two buildings, the campus is fully leased to LPL Holdings, with 19 years remaining on its lease and a 1.8 percent annual base rental rate increase.

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Although underperforming in the current cycle, the area’s multifamily market is on sound footing, mainly due to the city’s thriving core.

Although underperforming in the current cycle, the Cleveland multifamily market is on sound footing, mainly due to the city’s thriving core. Many central areas are also growing, but the suburbs continue to face the effects of the last downturn.

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  • Corrects Dec. 5 story that said subpoena ‘zeroed in’ on Trumps
  • Subpoena is said to seek information on affiliated people

Deutsche Bank AG provided records to special prosecutor Robert Mueller’s investigation after receiving a subpoena several weeks ago, according to a person briefed on the matter…

Deutsche Bank Records Said to Be Subpoenaed by Mueller

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Touchstone Communities plans to develop Park Circle, a mixed-use development that will bring a retail town center with restaurants, shops, community space and more to San Diego.

Touchstone Communities has bought a 75-acre site in San Diego from the Konyn Family for $6 million. The firm plans to develop Park Circle, a horizontal mixed-use, master-planned community. Located in in the heart of the emerging Valley Center at the northwest corner of Valley Center Road and Mira de Valle in San Diego, the land was formerly used by Konyn Dairy for agricultural purposes.

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  • Canadian lender’s shares fall after reporting audit results
  • Montreal bank says it’ll buy back $142 million of mortgages

Laurentian Bank of Canada fell the most in almost nine years after reporting it found customer misrepresentations on some mortgage loans it sold to another firm, echoing problems that almost sunk alternative-lender Home Capital Group Inc. earlier this year…

Laurentian Discloses Flawed Mortgages in Home Capital Echo

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Forman Mills is the newest tenant at Forestville Plaza Shopping Center, bringing the occupancy of the recently remodeled mall to nearly 100 percent.

Forman Mills, a big-box retailer specializing in off-price apparel, has signed a lease for more than 38,500 square feet at Forestville Plaza Shopping Center in Prince George’s County. MacKenzie Commercial Real Estate Services LLC arranged the lease, which lowered the remaining leasing area of the mall to 2,000 square feet.

Forestville Plaza Shopping Center is located east of downtown Washington, D.C., at the intersection of Pennsylvania Avenue and Forestville Road and comprises 218,000 square feet. Anchor tenants include Roses, Save-a-Lot, Price Busters Furniture and Shoe Show. The shopping center was recently redeveloped, receiving an upgraded exterior facade, parking lot resurfacing and lighting fixtures…

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The Huntington Beach, Calif., facility was purchased by a family-owned electronic vaping business. DAUM Commercial represented the buyer and JLL worked on behalf of the seller.

DAUM Commercial Real Estate Services has arranged the sale of a 40,532-square-foot industrial facility in Huntington Beach, Calif. The facility was acquired by a family-owned electronic vaping business for $7.2 million. DAUM Commercial worked on behalf of the buyer and JLL represented the seller, Carol Watson Trust, in the deal.

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  • Shares with more than 5% foreign ownership tend to outperform
  • Examples in Shenzhen include Hangzhou Hikvision and Midea

It’s worth looking for companies with relatively high foreign ownership when buying Chinese shares, according to Goldman Sachs Group Inc.

Onshore stocks that are more than 5 percent-held by foreign investors typically beat the overall market, Goldman’s chief China strategist Kinger Lau said. Examples include Hangzhou Hikvision Digital Technology Co. and Midea Group Co., which have surged 125 percent and 82 percent in the past 12 months as a trading link to Shenzhen boosted their foreign ownership to more than 9 percent. The Shenzhen Composite Index has dropped 9.7 percent since the link was opened on Dec. 5, 2016…

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The sale of the properties will provide affordable housing opportunities, while the headquarters’ relocation aims to solve the traffic congestion issue present at the current main office.

The Austin Independent School District is advancing with the sale of several buildings, including the district’s headquarters building—the Carruth Administration Center located at 111 W. Sixth St. Approval from the district’s trustees is pending.

The board had started soliciting bids for a number of properties through an open, public process…

AISD to Finalize Sale of Austin Assets, Relocate HQ

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The property, located in the Mission Gorge of San Diego submarket, is anchored by a CVS pharmacy and marks Becker’s fourth retail acquisition in the city.

Becker Properties has completed its fourth retail acquisition in San Diego County during the past 24 months. The newest addition to its portfolio is Riverdale Shopping Center, a 66,416-square-foot property located in the Mission Gorge of San Diego submarket. Becker bought the CVS-anchored retail center for $10.1 million, from a joint partnership advised by investment firm SENTRE. The partnership includes Peckham Properties Inc., Commercial Sites Ltd. and Wells Fargo Bank as trustee of McKinney Survivor’s Trust.

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Swiss pension fund AFIAA has reached full occupancy at 125 W. 25th St., a Manhattan office property the firm acquired last year for $150 million.

Swiss pension fund AFIAA has signed a 15-year lease with WeWork at one of its office buildings in Manhattan. The tenant will occupy 45,000 square feet of space, bringing the asset’s office occupancy rate to 100 percent.

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The city’s growing economy and relatively affordable housing are attracting residents and boosting multifamily demand. A business-friendly environment and an educated workforce are drawing investors to Ohio’s largest city, fueling a growing residential market.

Columbus’ growing economy and relatively affordable housing are attracting residents and boosting multifamily demand. A business-friendly environment and an educated workforce are drawing investors to Ohio’s largest city, fueling a growing residential market. Columbus rents were up 3.0 percent in the year ending in September, topping the U.S. average by 80 basis points.

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  • Regulator asking whether brokers gave funds sham bond quotes
  • Banks facing questions from agency include JPMorgan and Citi

Wall Street banks are known to fiercely compete for hedge-fund clients because of the lucrative trading profits they provide.

The U.S. Securities and Exchange Commission is now investigating whether some banks crossed the line to win business by offering hedge funds bogus price quotes on hard-to-value bonds, said two people familiar with the matter. The SEC’s concern: As a reward for helping hedge funds make money — by submitting quotes at requested levels — banks got trades steered their way…

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The pharmaceuticals company will occupy 100,000 square feet at the upcoming The Gateway lifestyle and entertainment center in the heart of Salt Lake City.

Recursion Pharmaceuticals will relocate its headquarters to The Gateway, a mixed-use downtown lifestyle and entertainment district located in the heart of Salt Lake City. Located along 400 West, between 200 South and South Temple, The Gateway is currently managed by Vestar, a privately held real estate company specializing in the development and administration of shopping and entertainment destinations. Since its founding in 2013, Recursion Pharmaceuticals has been based in Research Park near the University of Utah.

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It is the business of insurance companies to price risk. Insurance, in fact, has been doing this since the second millennium B.C., as evidenced in the Babylonian Code of Hammurabi.

It is the business of insurance companies to price risk. Insurance, in fact, has been doing this since the second millennium B.C., as evidenced in the Babylonian Code of Hammurabi. Lloyd’s of London has been underwriting risk since the 1750s, and Benjamin Franklin set up a fire insurance company in the colonies as early as 1752. Today, no commercial real estate owner would consider foregoing property and casualty insurance.

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  • CapitaLand may gain 42% over a year, Morgan Stanley forecasts
  • Property stocks set for their best yearly gain since 2012

Singapore developers may extend their share rally into 2018 on a reviving home market, according to money managers and analysts, who say the central bank’s warning on a potential oversupply may not play out for years…

Singapore Property Bulls Ignore Central Bank’s Warning

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With the addition of seven new tenants, Pembroke Point 880 is nearing full occupancy roughly two years after its completion.

Cushman & Wakefield has negotiated seven new leases totaling 59,130 square feet at Pembroke Pointe 880, a Class A office building in Pembroke Pines, Fla.

Located at 880 SW 145th Ave., Pembroke Point 880 was completed in 2015 and is part of a planned four-building office campus spanning across 36 acres. Encompassing 143,355 square feet, the property features 36,111-square-foot floor plates, ample parking and is currently 86 percent occupied…

C&W Closes Broward County Office Leases

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Union Investment sold the 20-story Millennium Tower, which also includes high-end condo residences. The property last traded in 2003, for $64.8 million.

A property fund managed by TH Real Estate has purchased Millennium Tower, a 20-story, 201,371-square-foot office building in downtown Seattle, it was announced on Friday by the seller, Union Investment, of Hamburg, Germany.

The property located at 719 Second Ave. is reportedly fully occupied and had been a part of Union Investment’s portfolio since 2003, about two years after it was completed. According to Yardi Matrix data, Union Investment paid roughly $64.8 million to Beacon Capital Partners for the asset 14 years ago…

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Hilary Provinse has joined the company after spending more than 15 years at Fannie Mae, where she led the firm’s mulitfamily debt lending activities.

Berkadia has selected Hilary Provinse as its newest executive vice president & head of mortgage banking. In her new role, she will be responsible for overseeing a team of 130 mortgage bankers across 31 office locations and will be a part of Berkadia’s management committee. Provinse will report to Executive Vice President & Head of Production Ernie Katai.

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With the help of HFF, the company sold the 21-story Tower at One Greenway to PGIM Real Estate for more than $660,000 per unit.

Just two years after completing development of The Tower at One Greenway, New Boston Fund has sold the 217-unit luxury rental community in downtown Boston for $144.5 million, or more than $660,000 per unit. The real estate investment manager relied on the assistance of HFF to sell the trophy property, which was purchased by PGIM Real Estate, according to Suffolk County records.

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Brennan Investment Group sold the two assets for $17 million. The new owners plan to reposition the properties to increase occupancies and revenue growth.

A partnership between Denholtz Associates and Militello Capital has purchased two industrial/flex portfolios in Orlando, Fla.,  for $17 million from Brennan Investment Group. The Silver Star Portfolio is an eight-building, 254,915-square-foot portfolio acquired for $12 million, while the Parkway Commerce Center is a two-building, 91,500-square-foot property bought for $5 million.

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