Month: January 2018

San Francisco megaproject developer Forest City Realty in takeover talks with Brookfield

Forest City Realty Trust Inc., one of San Francisco’s largest developers, could potentially be sold to Canadian giant Brookfield Asset Management Inc. (NYSE: BAM), according to Bloomberg News. Sources told Bloomberg that discussions between the two companies are ongoing. Deal talks could still fall apart since other bidders may also emerge for the Cleveland-based Forest …

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Judge to decide on PUD lawsuit for Roland Park apartment project

A Baltimore City Circuit Court judge Tuesday heard arguments in a pair of lawsuits that challenge the legality of a planned unit development, or PUD, for a 148-unit apartment project in Roland Park. Judge Lawrence P. Fletcher-Hill told the court he would decide on the fate of the PUD in the coming weeks, said John …

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Miami office rents increased, I-sales fell in 2017: report

Downtown Miami skyline (Credit: Wikimedia Commons) Despite increases in rent and absorption, sales volume fell dramatically for Miami-Dade’s office market in 2017, according to a report from Avison Young. Sales volume dropped 58 percent from the previous year to more than $816 million. In 2016, investment sales totaled more than $2.3 billion thanks to the …

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These were the most expensive homes sold in Santa Clara County in 2017

The 10 most expensive homes sold last year in Santa Clara County averaged more than $14 million each. Source: http://feeds.bizjournals.com/industry_21

Columbus now has more renters than homeowners, new analysis shows

There now are more renters than homeowners in Columbus, which follows a national shift triggered by the Great Recession. The city is one of 22 of the 100 largest metros to experience a shift from an owner-dominated market from 2006 to 2016, according to the most recent U.S. Census Bureau data, which were analyzed by …

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Sales leader for Midtown's No. 2 Opus Place tower leaves project

Real estate firm Berkshire Hathaway remains in charge of marketing the planned tower, which is across from the Four Seasons Hotel and would rise on the former symphony center site. Source: http://feeds.bizjournals.com/industry_21

Former Nets owner Forest City Realty in takeover talks with Brookfield

Forest City Realty Trust Inc. is on the auction block. The real estate investment trust, which built The New York Times headquarters tower on Eighth Avenue in Manhattan, is in talks with Brookfield Asset Management Inc. (NYSE: BAM). That’s according to Bloomberg News, which cited sources that claim discussions between the two companies are ongoing. …

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Rechler: Trump infrastructure plan “not a reality”

From left: Mitch Roschelle, Jimmy Kuhn, Greta Guggenheim and Scott Rechler at the Times Center (Credit: Will Parker fior The Real Deal) On the morning following President Trump’s State of the Union address, RXR Realty chairman Scott Rechler called the president’s $1.5 trillion infrastructure pitch unrealistic. “It’s not a reality. The trillion-and-a-half dollars isn’t possible,” …

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Louisville home builder files for bankruptcy protection

Both assets and liabilities were listed at $1 million to $10 million. Source: http://feeds.bizjournals.com/industry_21

Indian Creek lot sells for record $27.5M

9 Indian Creek Drive (Credit: Google Maps) Miami Beach resident Vladimir Krasavtsev just sold a vacant lot on Indian Creek Island for $27.5 million, marking a new record for waterfront land in the pricey enclave. Property records show SMM Sunny Holding LLC, a Delaware company, paid about $345 per square foot for the site at …

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