COLLEGE STATION (Real Estate Center) – First, the good news: At the rate the state’s population is growing, real estate should remain a popular career choice for years to come. Now, the better news: It's a career choice with options.
ANGLETON (The Pearland Journal) – The Texas A&M AgriLife Extension Service is conducting a series of lectures and a workshop designed to provide classroom instruction and hands-on training in ranchette operation.
GRAND PRAIRIE (Bradford Commercial Real Estate Services) – A North Texas-based partnership has sold a 102,732-sf net-leased property in the Upper Great Southwest Industrial District to Conti Warehouses LLC of Fort Worth.
COLLEGE STATION (Real Estate Center) – Hungry for more Texas real estate news? Then feast your eyes on NewsTalk Texas, our online news database. Here are a few of the stories you'll find there this week:
WASHINGTON, D.C. (Independent Community Bankers of America) – New mortgage restrictions have caused many community banks to scale back on the number of residential mortgage loans they make, according to a new survey by the Independent Community Bankers of America (ICBA).
Westin Market Street, a 35-story, 681-room hotel located at 50 Third St. in San Francisco's Yerba Buena district, sold to Bethesda, MD-based multi-operator real estate investment trust LaSalle Hotel Properties (NYSE: LHO) for $350 million, or approximately $514,000 per key, in the largest hotel transaction in San Francisco since Chicago-based Strategic Hotels & Resorts' acquisition of the 1,195-room Westin St. Francis in 2006 for $440 million.
AmSurg Corp. entered into an office lease with an affiliate of Torburn Partners for 222,000 square feet in Sunrise, Florida, for the headquarters of the company’s Physician Services Division.
The company expects to occupy 167,000 square feet of office space at 8000 W. Sunrise Blvd. by Sept. 1, 2016 and an additional 55,000 square feet commencing May 1, 2017.
The lease is set to expire Feb. 28, 2029. The company may extend by up to two successive...
Brookfield Asset Management Inc. has reached an agreement to buy out the other 50% of its Canadian and Australian facilities management businesses from Johnson Controls Inc. for $200 million.
The acquisition is part of a larger strategy to merge its wholly owned facilities management businesses in the Middle-East and South America to create a fully integrated global facilities management business.
With the termination of its joint venture agreements...
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: Dallas / Ft. Worth, New York City, Denver, Orange County, Orlando, Chicago, Atlanta, San Diego, and Philadelphia.
NEW YORK CITY, DENVER and DALLAS / FORT WORTH
CBRE Expands Retail Business with New Hire, Acquisition
By Randyl Drummer
Sensitive to dramatically depressed oil prices and seeing a decline in net operating income, Minot, ND-based REIT Investors Real Estate Trust this morning announced it will consider selling substantially all of its commercial office and retail properties to focus on its multifamily and health care segments, the property sectors where it has done most of its recent acquisitions.
"Over the past several years we have improved our portfolio through...