Business Specialties Investments
CBRE to Be Leasing Agent for 300 New Jersey in D.C.
May 8, 2008

CB Richard Ellis Inc. has announced local real estate investor and developer Ralph Dweck selected the firm to handle leasing for Washington, D.C.’s 300 New Jersey Ave., N.W. The 10 story, 255,000-rentable-square-foot building is expected to deliver second quarter 2009. Mr. Dweck, who recently purchased the property from JBG, has called on CBRE to lease approximately 100,000 square feet. The entire project, bounded by Louisiana avenue, New Jersey Ave., D Street and F Street N.W., will be renamed America’s Square.

 
Recent Investments Headlines
Sterling JV Pays $38M for Tampa Apartments Despite Soft Market
July 23, 2008
Sterling American Property Inc., in a JV with The Collier Cos., has purchased the St. Croix Apartments, a 540-unit, gated, resort-style apartment community in Tampa, for just north of $38 million.
merrill Exclusive: Harrison Street Closes on $430M Equity Fund
July 23, 2008
Chicago-based Harrison Street Real Capital has closed on a new private equity fund after raising about $430 million. Harrison Street Real Estate Partners II L.P., as the fund is known, began raising capital in March. There are more than 40 investors in the fund, including both domestic and European pension funds, insurance companies, endowments and foundations. One particularly large participant, the Arizona Public Safety Pension Retirement System, has committed $80 million to the fund, including an additional $45 million for co-investments.
Westcore Sells Vienna Office for $39M
July 23, 2008
Westcore Properties has announced the sale of a Class A Austrian office building.
NYC Office Snapped Up for $146M
July 22, 2008
The 274,000-square-foot office building at 180 Madison Ave. in Manhattan has officially come under new ownership, courtesy of a transaction between two New York City-based real estate companies.
Prospect Proceeds in Buying IndyMac Mortgage Branches
July 22, 2008
Prospect Mortgage has decided to proceed with its acquisition of most of IndyMac's retail mortgage branches in a deal scheduled to close early next month.
 

 

REal Talk with Adam Perrotta
July 23, 2008
By Adam Perrotta, News Writer --It appears as though the tide of opinion calling for government aid for the foreclosure crisis has impelled President Bush to drop his opposition to a $3.9 billion housing rescue bill. Whether Bush's reversal was...

Sterling JV Pays $38M for Tampa Apartments Despite Soft Market
July 23, 2008
By Scott Baltic, Contributing Editor -- Sterling American Property Inc., in a JV with The Collier Cos., has purchased the St. Croix Apartments, a 540-unit, gated, resort-style apartment community in Tampa, for just north of $38 million. The seller was...

Trio of Projects to Bring 1.7M SF to Suburban DC
July 23, 2008
By Barbra Murray, Contributing Editor -- The souring economy hasn't altogether dampened development activity. In the Washington, D.C., suburb of Arlington, Va., news has emerged about three new office and mixed-use projects that will bring a total of 1.7 million...

Westcore Sells Vienna Office for $39M
July 23, 2008
By Thomas Peretti, Contributing Correspondent -- Westcore Properties has announced the sale of a Class A Austrian office building. The 125,000-square-foot property sold for $39.2 million (24.5 million Euros) to Credit Suisse Asset Management Immobilien Kapitalanlagegesellschaft mbH. The six-story building...

Bush Drops Resistance to Housing Bill; House Expected to Vote Today
July 23, 2008
By Erika Schnitzer, Associate Editor, Multi-Housing News -- Despite his objections over a $3.9 billion provision that would assist communities devastated by foreclosures, President George W. Bush today dropped his opposition to housing rescue legislation. He was previously threatening to...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...

Know Thy Customer
July 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...

How to K.I.S.S Problems Goodbye
June 27, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Keep It Simple Stupid. One of the most effective ways to order your world is to simplify everything you encounter. The problem is that keeping it simple often becomes very difficult when our...

Does Appearance Matter?
June 20, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --So, do appearances really matter? They shouldn't, but the reality is that they most certainly do. As the old saying goes, "you only get one chance to make a first impression," and often...

Recognizing the Need for Change
June 13, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Since the title of today's column is "Recognizing the Need for Change," I'm going to switch things up a bit and ask you to answer a question posed by me. I first warned...