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Monthly Archives: July 2015

CoStar’s People of Note (July 26 – Aug. 1)

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: New York City, San Diego, Phoenix / Tucson, Columbus, Atlanta, Houston, Chicago, Inland Empire, Orange County, South Florida, Dallas / Ft. Worth, Charlotte, Nashville, and Orlando.
McDevitt to Head Greystone’s New Multifamily Division
By Chris Ulrich…

Biltmore Financial Ctr Sold for $163.1M

PHOENIX – ViaWest Properties LLC, with joint-venture partner AllianceBernstein U.S. Real Estate Partners II LP, has acquired the three-building Biltmore Financial Center at 2390-2398 E. Camelback Rd. for $163.1 million, or about $257 per square foot. Invesco Real Estate sold the campus on behalf of the State of Florida Retirement Fund.

The Northern Trust Bank Tower is an 11-story, 299,499-square-foot, 4-Star office building constructed…

CRE Borrowing Rates Edging Up in Advance of Expected Fed Move

Even though the Fed today signaled that it remains on course to raise interest rates in September or later this year, a few banks have already begun raising interest pricing on their commercial real estate loans, particularly for multifamily property. While long expected given the overall strength of the economy, the bump in pricing is coming weeks in advance of an expected hike in the Federal Reserve Bank lending rate.

“We’ve seen rates increase…

RCA’s Steve Williams to deliver FIABCI Keynote

FIABCI-USA, the International Real Estate Federation – U.S. Chapter will host more than 100 high level international delegates from twelve Pacific Rim countries in Honolulu, HI, from September 10-12. With the theme “Success across the Pacific – New Development Concepts”, the FIABCI Asia Pacific Real Estate Congress (APREC) will examine key issues for the real estate profession and the planet including the need to focus new real estate development around active transportation hubs. Expert panels will discuss smart, sustainable and profitable urban planning and environmentally friendly luxury resort development. APREC will culminate in the Asia Pacific Panorama where professionals from Australia, Indonesia, Korea, Japan, Malaysia, Singapore, Taiwan and the US will provide cross border investment market updates.

Steve Williams, Executive Managing Director of global data provider Real Capital Analytics (RCA), will deliver the Keynote Address in which he will explore the latest cross-border capital trends and provide a detailed, up-to-the-minute look at the sources and targets of AsiaPac’s real estate capital. “I am delighted to participate in FIABCI’s push for higher levels of transparency and sustainability in this data-rich, post-recessionary era,” says Mr. Williams, adding that, “Each of these is an essential element for any market trying to capture a share of the increasingly savvy reservoir of today’s AsiaPac RE capital.”

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