The company will take over 140,000 square feet of office space within a converted warehouse building located in Boston’s busy Seaport District.

JPMorgan Chase has signed an office lease renewal and expansion with a joint venture involving Meritage Properties and CV Properties. The tenant will expand onto three separate floors, taking more than 140,000 square feet in the Boston Seaport District.

With a total of 477,000 square feet of creative space, the asset was originally constructed in 1909 and previously served as a warehouse, until its conversion to offices in 1980. Despite the transformation, the building features high ceilings and traditional brick-and-beam architecture…

Share
Categories : Finance
Comments (0)
The partnership acquired the five-building Marina Heights campus from State Farm Automobile Insurance Co. in a sale-leaseback deal valued at $928 million, which could mark the largest-ever CRE sale in metro Phoenix.

A partnership between Transwestern Investment Group and JDM Partners LLC, called Corporate Properties Trust III LP, has completed its acquisition of a five-building, 2-million-square-foot Class A office campus in Tempe, Ariz., in a sale-leaseback with State Farm Automobile Insurance Co.

Financials on the deal were not disclosed, but a Phoenix-area outlet reported the deal as valued at $928 million, a big enough sum to make it the largest-ever CRE sale in metro Phoenix…

Share
Comments (0)
HFF represented Stockbridge Capital Group in the sale of the properties, while also arranging acquisition financing for the buyer, through a fixed-rate loan with Global Atlantic Financial Group.

ATCAP Fund I LP acquired a four-property light industrial portfolio in Houston, Texas, from Stockbridge Capital Group.

HFF represented the seller in the deal, and also arranged acquisition financing for the buyer, securing a five-year, fixed-rate loan with Global Atlantic Financial Group. The transaction price was not disclosed…

ATCAP Snaps Up 16-Building Industrial Portfolio in Houston

Share
Comments (0)
  • Robust growth offers window for official rates to be raised
  • But tightening cycle is complicated by years of loose policy

Years of cheap money across Asia have left a legacy of surging debt that will force the region’s central bankers to be cautious when they eventually follow in the footsteps of South Korea by raising interest rates.

In South Korea, whose borrowing costs were boosted on Nov. 30, household debt has ballooned to about 150 percent of disposable income. It’s an even larger 194 percent in Australia. In China, it’s companies feeling the strain with corporate debt equating to about 160 percent of gross domestic product…

Share
Categories : Finance
Comments (0)
Colliers secured financing for a 235-key dual-brand Hilton Hotel in Woburn, Mass. The project will be located in a well-exposed site in the northern suburbs of Boston.

Colliers International’s Boston-based Capital Markets group has arranged the joint venture equity financing for the construction of a 235-key, dual-branded Hilton Hotel. The property is situated at the busy intersection of I-95 and I-93, providing easy access and assuring high visibility.

The building will be located at 369 Washington St., in Woburn, Mass., amid a retail- and entertainment-dominated area. Madison Properties is the owner of the site and has received entitlements for the hotel and three retail pad sites since the initial acquisition. The company has leased one pad site to the now open gourmet burger chain, Red Robin, and another pad site to Chick-fil-A, scheduled for opening in 2018…

Share
Categories : Finance
Comments (0)
This year proved to be a challenging one for hospitality owners and developers seeking conventional financing. Rodrigo Azpurua, founder & CEO of Riviera Point Development Group, shares the alternative lending sources he has successfully used to secure capital for projects and what he expects in 2018.

This year offered a challenging lending climate for the hotel industry, prompting developers such as Rodrigo Azpurua, the founder & CEO of Riviera Point Development Group, to search more proactively for alternative financing options. The EB-5 investor program, private equity and crowdsourcing have proved to be some of the most successful alternative lending sources.

Share
Categories : Finance
Comments (0)
  • 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 to Rightmove 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

Share
Comments (0)
Expected to open in August 2018, I-595 Business Center will feature approximately four high-dock doors per bay, built-to-suit offices and ample parking.

Cushman & Wakefield has negotiated a long-term lease with Johnstone Supply at I-595 Business Center, a 150,000-square-foot industrial facility currently under construction in Dania Beach, Fla. The tenant will occupy 32,400 square feet at the property scheduled for delivery in August 2018.

Located at 3200 SW 30th Ave., the Class A building will feature 32-foot clear heights, T-5 lighting, built-to-suit offices, four dock-high doors per bay, ESRF fire safety system and 183 parking spaces. Johnstone Supply, a subsidiary of The Ware Group, is a wholesaler, distributor, contractor and supplier of HVAC/R equipment. The company is relocating its Dania Beach operations from Broward International Commerce Center at 329 N. Bryan Road…

Share
Comments (0)
The 67,000-square-foot historic building was built in 1901 as an historic landmark. The property is currently 100 percent leased to WeWork.

Vista Investment Group has purchased the U.S. Customs House, a 67,000-square-foot building located in Portland, Ore. Eastern Real Estate sold the asset for $30 million. This transaction marks Vista’s latest acquisition of historic buildings located in urban neighborhoods. JLL’s Executive Vice President Paige Morgan, along with Managing Director Buzz Ellis and Senior Vice President Peter Furest, led the JLL team on the sale.

Share
Categories : Finance
Comments (0)
  • Data due on Thursday is expected to confirm another price drop
  • Market reversal spooks home owners but Riksbank less concerned

Anyone with a stake in Sweden’s property market should make space for Thursday in their calendar. That’s when they’ll get fresh clues as to whether they are facing a temporary blip or the start of a full-blown crash.

Svensk Maklarstatistik AB and Valueguard will both publish housing price data for November on December 14. There are indications that the monthly drop will be as big — if not bigger — than October’s, when prices fell 3 percent, the steepest decline since the global financial crisis of 2008…

Share
Comments (0)
  • Cheap leverage is available to enhance returns, Pil says
  • Central bank policies are diverging as Fed, ECB tighten

JPMorgan Chase & Co.’s alternative asset management unit is eyeing Japanese real estate and infrastructure, betting betting such investments will benefit from the nation’s lingering monetary stimulus even as central banks elsewhere start to tighten…

JPMorgan Eyes Japan Real Estate on Bet BOJ Persists With Easing

Share
Categories : Real Estate
Comments (0)
Governors Park Lofts LLC has acquired the freestanding retail property for $6.1 million. The transaction closed at a 6.5 percent cap rate.

Faris Lee Investments has arranged the sale of a 14,990-square-foot, freestanding retail property in Northglenn, Colo. for $6.1 million. The retail space is triple-net leased to Walgreens. Faris Lee Investments worked on behalf of the seller, Northglenn LLC. and Pinnacle Real Estate Advisors represented the buyer Governors Park Lofts LLC. The transaction closed at a 6.5 percent cap rate.

Share
Comments (0)
The Graduate Minnesota was formerly known as The Commons Hotel and marks the only lodging in the Minnesota-area. The property is close to the Minneapolis-Saint Paul International Airport.

AJ Capital Partners has opened the Graduate Minnesota, a 304-key hotel—formerly known as The Commons Hotel—located on the East Bank campus of the University of Minnesota. This hotel marks the only on-campus lodging in the area.

Located at 615 Southwest Washington Ave., between Coffman Memorial Union and Gopher’s stadium, the boutique hotel offers convenient access to various shopping, dining and entertainment venues such as TCF Bank Stadium, Mill City Museum, Walgreens and Minneapolis Institute of Art. Additionally, the Minneapolis-Saint Paul International Airport is six miles away. Graduate Minnesota features common area amenities such as:

Share
Comments (0)

When you have one of the most contentious projections on Wall Street for the U.S. Treasury market, it’s hard to avoid the limelight.

Morgan Stanley’s forecast that the difference between yields on short- and long-dated U.S. government bonds will narrow to zero late next year is spurring strong push back even as the gap tumbles to decade lows, the bank notes.

The forecasts — on both the shape and level of the curve — have the potential to roil bond trades and the Federal Reserve’s tightening path, while raising concern for a downturn in the business cycle…

Share
Categories : Finance
Comments (0)
  • New futures fly higher than bitcoin, prompting mixed reaction
  • The ‘market opening was a mild disaster in many respects’

Bitcoin’s triumphant debut on Wall Street hasn’t ended the financial industry’s skepticism.

The new breed of futures contracts that launched on Cboe Global Markets Inc.’s exchange late Sunday quickly became a 24-hour microcosm of bitcoin’s own wild ride this year, marked by technical glitches and surging valuations. The first day left true believers cheering, yet kept many mainstream financial professionals peering uneasily from the sidelines…

Bitcoin’s First 24 Hours on Wall Street Feed Euphoria and Doubts

Share
Categories : Finance
Comments (0)
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…
Share
Comments (0)
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…
Share
Categories : Real Estate
Comments (0)
  • 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

Share
Categories : Real Estate
Comments (0)
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…

Share
Categories : Finance
Comments (0)
  • 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

Share
Categories : Finance
Comments (0)
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.

Share
Categories : Finance
Comments (0)

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

Share
Categories : Hedge Funds
Comments (0)
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.

Share
Comments (0)
  • 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…

Share
Categories : Finance
Comments (0)
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…
Share
Comments (0)
  • 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.”…

Share
Categories : Finance
Comments (0)
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…

Share
Categories : Real Estate
Comments (0)
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.

Share
Comments (0)
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.

Share
Comments (0)
  • 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

Share
Categories : Real Estate
Comments (0)
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…

Share
Comments (0)
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…

Share
Comments (0)
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:
Share
Categories : Real Estate
Comments (0)
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.

Share
Categories : Finance
Comments (0)
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.

Share
Categories : Private Equity
Comments (0)
  • 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

Share
Categories : Finance
Comments (0)
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…

Share
Comments (0)
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…
Share
Comments (0)
  • 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

Share
Categories : Hedge Funds
Comments (0)
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

Share
Categories : Real Estate
Comments (0)

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

Share
Categories : Real Estate
Comments (0)
  • 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

Share
Categories : Hedge Funds
Comments (0)

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

Share
Categories : Finance
Comments (0)
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.

Share
Comments (0)
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.

Share
Comments (0)

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

Share
Categories : Finance
Comments (0)
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.

Share
Comments (0)
  • 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

Share
Categories : Real Estate
Comments (0)
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.

Share
Categories : Finance
Comments (0)
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…

Share
Comments (0)
  • 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

Share
Categories : Real Estate
Comments (0)
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.

Share
Comments (0)
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…
Share
Categories : Private Equity
Comments (0)
  • 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

Share
Categories : Hedge Funds
Comments (0)
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.

Share
Comments (0)
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.

Share
Comments (0)
  • 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

Share
Categories : Finance
Comments (0)
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.

Share
Categories : Finance
Comments (0)
  • 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

Share
Categories : Finance
Comments (0)
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…

Share
Comments (0)