August 29, 2008 - Real Estate Market Pricing and US Spending
Interview with Philip Blumberg of Blumberg Capital Partners discussing the US economy, real estate credit and property valuation.
August 28, 2008 - Five X Securities Enters Market with $1B REIT Fund Planned
A former executive at NFP Securities has created a new real estate securities firm, Five X Securities, with the intention of distributing commercial real estate opportunities to high-net worth individuals. The firm’s plans include the launch of a $1 billion, non-traded REIT, as well as the launch of a $250 million private equity fund that, [...]
August 27, 2008 - Office Building Package Sells in West Palm Beach
The Miami office of Holliday Fenoglio Fowler L.P. has closed the sale of Centurion Tower and NorthPoint Corporate Center, two suburban Class A office buildings totaling 243,000 square feet in West Palm Beach, Florida for an undisclosed amount. According to a CPN article, 1400 Centrepark was also purchased by TA Associates as part of [...]
August 26, 2008 - Infrastructure Funds Drive PA Turnpike Public-Private Partnership Proposal
According to the American Society of Civil Engineers (ASCE), the United States will need to invest roughly $1.6 trillion over the next several years in order to bring current infrastructure conditions to acceptable levels — and as roads continue to crumble, declines in local tax revenue to pay for repairs (as gas prices have skyrocketed [...]
August 25, 2008 - Microsoft to Build $500M Data Center in Iowa
Redmond, WA-based Microsoft has announced that West Des Moines, IA will be the home of its fifth new data center to launch in the past 18 months. The $500 million facility will house servers that keep the company’s Internet services humming, such as search engines and email. The design hasn’t been revealed, but the company [...]
August 22, 2008 - US Subprime Market Effect Globally
Interview with Philip Blumberg of Blumberg Capital Partners discussing the US subprime market crisis and how it effects the global economy.
August 21, 2008 - REIT Buys SoCal Portfolio for $195 Million
Pacific Office Properties Trust, Inc. has finalized the acquisition of seven complexes (the “SoCal Portfolio”) consisting of over one million leasable square feet in 15 office and flex buildings located in Los Angeles, Orange County, and San Diego. Pacific Office was formed earlier this year through a contribution of The Shidler Group’s Western U.S. [...]
August 20, 2008 - Economic Diversity Drives Growth in Seattle
Economic diversity has fueled solid growth in Seattle office properties during the last year, and the effects of the housing downtown on Puget Sound businesses have been relatively moderate according to a second-quarter Seattle Office Research Report released by Marcus & Millichap. Expansion of the key high-tech and professional business services employment sectors has helped [...]
August 19, 2008 - Investment Market Prospects
Anthony Graziano, associate managing director of Integra Realty Resources, wrote an article recently for CIRE Magazine titled “Making Sense of the Market: Investors who know where to look can find opportunities.” In it, Graziano reviews the current market and how experts and investors alike are feeling about this year’s commercial real estate prospects. [...]
August 18, 2008 - Real Estate Market Pricing and US Spending
Interview with Philip Blumberg of Blumberg Capital Partners discussing the US economy, real estate credit and property valuation.
