Commercial
RealEstateRama Commercial
CBRE Sees Domestic Energy Production Boom Enhancing Office Investment opportunities
Los Angeles, CA - February 20, 2013 - (RealEstateRama) -- The increase in domestic energy exploration and production will spur office investment opportunities in U.S. markets like Dallas, Pittsburgh and Oklahoma City; the transformation of the supply chain by e-commerce will accelerate changes in distribution facilities and locations; and an aging population will significantly drive apartment rental demand during this decade. Those are among the key real estate trends that CBRE has identified in a new report, “13 Trends for 2013.”
Keller Williams Realty Now #1 Real Estate Company in the United States by Agent...
Company also announces franchise expansion into Germany, Austria, Switzerland, and Turkey
DALLAS, TX - February 18, 2013 - (RealEstateRama) -- Keller Williams Realty, Inc. announced...
THE WINGS GROUP HIRES CBRE TO MARKET THE NEWLY RENOVATED LINCOLN BUILDING IN MIAMI...
Miami Beach - February 13, 2013 - (RealEstateRama) -- The Wings Group, a New York-based real estate firm, has just completed a multi-million dollar renovation and upgrade on their most recent Florida acquisition, The Lincoln Building at 350 Lincoln Road in Miami Beach. The privately held real estate firm hired CBRE leasing team to market the 50,000-square-foot, Class A office/retail property.
Study: Apartment Industry and Residents Contributed $1.1 Trillion to the Economy
WASHINGTON, D.C. - February 13, 2013 - (RealEstateRama) -- Despite the worst economy in a generation, apartments and their residents contributed $1.1 trillion to the national economy in 2011, supporting 25.4 million jobs, according to a new report released today by the National Multi Housing Council (NMHC) and the National Apartment Association (NAA). The report, along with an interactive map and economic impact calculator, is available on the new website
CBRE SELLS 54-UNIT ORCHID GROVE TOWNHOME COMMUNITY FOR $11 MILLION
Pompano Beach, FL - February 7, 2013 - (RealEstateRama) -- Local private capital group Orchid Grove Holdings, LLC closed on the sale of 54 townhomes within Orchid Grove located at 649 South Cypress Road, Pompano Beach, Florida. The townhomes were purchased by a private capital group, 1370 S. Ocean, LLC, for $11 million ($203,704 per unit or $94 per square foot.) CBRE’s Multi-Housing Private Capital Group in South Florida represented the seller, Orchid Grove Holdings, LLC, a local private capital group
Modular Building Institute Announces Speakers for World of Modular Convention
WASHINGTON, D.C. - February 7, 2013 - (RealEstateRama) -- Modular Building Institute, the international nonprofit trade association that serves the commercial modular construction industry, has released its initial slate of speakers for the World of Modular trade show and convention, March 16-19, 2013, in Scottsdale, Arizona. For 30 years, the event has provided industry professionals with a place to network, exchange ideas, learn from experts, discuss issues, display new products and receive recognition.
GPE EXCEEDS $100 MILLION REVENUE FOR 2012; A RESULT OF “WORK ETHIC”, “EXCEPTIONAL CLIENT...
Phoenix, AZ - February 6, 2013 - (RealEstateRama) -- GPE Commercial Advisors, a local industry cornerstone and leading third-party commercial real estate firm have...
Crescent Resources Selects Little for Design and Master Planning of South Tryon Commercial Property...
WASHINGTON, D.C. - February 6, 2013 - (RealEstateRama) -- Crescent Resources has selected Little, a diversified architectural consulting firm, to begin design and master planning for a signature property that Crescent has assembled at South Tryon and East Stonewall streets in Uptown Charlotte. Little has been asked to review a full range of options for the strategic location, which predominantly will feature office space but also may include a mix of uses including hospitality, retail and multi-family.
Chris Valli and Bruce Clark of Surterre Properties® Team Up to Sell Shady Canyon®...
WASHINGTON, D.C. - February 5, 2013 - (RealEstateRama) -- Surterre Properties® agents Chris Valli and Bruce Clark ended 2012 on a stellar note, closing the sale on a luxurious Shady Canyon® homesite in late December. Showcasing serene views of the canyons and hillsides, the sprawling lot boasts a picturesque canvas on which the client’s dream home was built – a perfect venue to enjoy the opulent lifestyle that’s unique to Irvine’s prized Shady Canyon enclave.
Duke Realty Leases 66% of Newly Acquired 288,000 SF Industrial Building
Chicago, IL - February 5, 2013 - (RealEstateRama) -- Duke Realty Corporation (Duke Realty), a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of bulk industrial facilities, announced today that it has acquired 335 W. Crossroads, a 288,000-square-foot industrial building, and has leased 190,080 square feet in the building to RTC Industries.
MBA Releases 2012 Year-End Commercial/Multifamily Servicer Rankings
San Diego, CA - February 4, 2013 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its year-end ranking of commercial and multifamily mortgage servicers as of the end of December 31, 2012. At the top of the list of firms is Wells Fargo with $429.1 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with $337.6 billion, Berkadia Commercial Mortgage LLC with $197.3 billion, Bank of America Merrill Lynch with $112.5 billion, and KeyBank Real Estate Capital with $101.2 billion.
MBA Forecasts $254 Billion of Commercial/Multifamily Mortgage Originations in 2013, Up 11% From 2012
San Diego, CA - February 4, 2013 - (RealEstateRama) -- In its second annual forecast of the commercial/multifamily real estate finance markets, the Mortgage Bankers Association (MBA) projects originations of commercial and multifamily mortgages will grow to $254 billion in 2013, an increase of 11 percent from 2012 volumes, and continue to rise to $289 billion in 2015. Originations of multifamily mortgages are forecast at $100 billion in 2013.
Commercial/Multifamily Mortgage Originations Up 49 Percent in Q4, Up 24 Percent for Year
San Diego, CA - February 4, 2013 - (RealEstateRama) -- Commercial and multifamily mortgage originations increased 49 percent between the third and the fourth quarters of 2012, and were also up 49 percent compared to the fourth quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations
The Boulder Group Publishes Net Lease Auto Parts Store Research Report
Northbrook, IL - February 4, 2013 - (RealEstateRama) -- The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the activity in the National Net Lease Auto Parts Store Market.
NAREE’s Real Estate and Home and Design Journalism Competition Deadline is March 1
BOCA RATON, FL - February 4, 2013 - (RealEstateRama) -- The deadline is fast approaching for the National Association of Real Estate Editors' 63rd Annual NAREE Journalism Competition for real estate writers and editors. The deadline for entries is March 1, 2013, for work published or aired in 2012.
IBM SOUTHEAST EMPLOYEES’ FEDERAL CREDIT UNION SELECTS CBRE AS EXCLUSIVE MULTI-MARKET OCCUPIER SERVICE PROVIDER...
South FL - January 31, 2013 - (RealEstateRama) -- CBRE has been named as exclusive agency provider by IBM Southeast Employee’s Federal Credit Union (IBM) for their 16-property real estate portfolio of owned and leased office and branch facilities in Florida and Georgia. First Vice President Rick Miller, SIOR, and Senior Associate Tyler Harrison comprise the CBRE team providing tenant advisory services to IBM.
Cushman & Wakefield Arranges $55.8 Million Joint Venture for Beal/Street-Works Team on New Quincy...
Quincy, MA - January 30, 2013 - (RealEstateRama) -- As exclusive advisor to Hancock Adams Associates, Cushman & Wakefield’s Equity Debt and Structured Finance group has arranged a $55.8 million equity investment for the development of Merchants Row, the first component of the over 3.5 million square foot New Quincy Center re-development, located in Quincy, Massachusetts. LaSalle Investment Management is joining Street-Works Development LLC and The Beal Companies, LLC, the co-master developers of New Quincy Center, in providing the equity for Merchants Row.
NAIOP Promotes Christopher Ware as Vice President for Business Development
WASHINGTON, D.C. - January 24, 2013 - (RealEstateRama) -- Ware joined NAIOP and its business development department in 2001 as a sales manager and worked his way up to director of sales, senior director of business development and, now, vice president of business development. Throughout his 11 years at NAIOP, Ware has generated $5.8 million in revenue; doubled sponsorship revenues for the association’s industrial conference, I.con; and increased sponsorship levels by 30 percent for Development: The Annual Conference for Commercial Real Estate, which is held each fall. In 2008, when Ware took over as head of the business development department, the association also marked its highest grossing year for business development.
USGBC Releases 2012 List of Top 10 States for LEED
Washington, D.C. - January 23, 2012 - (RealEstateRama) -- Today, the U.S. Green Building Council (USGBC) released its annual list of the top 10 states for new LEED certifications in 2012, highlighting those regions that are transforming buildings and communities across the country.
Colliers International Hires Retail Team in Torrance
TORRANCE, CA - January 17, 2012 - (RealEstateRama) -- Colliers International, Greater Los Angeles has hired one of Southern California’s most prolific retail investment teams. Kyle Matthews, a former Director of Marcus & Millichap’s National Re...