RealtyBizNews: Real Estate News
With the latest on mortgages, refinancing, real estate & home tips
Transwestern Investment Management has just announced the acquisition of a Houston development, the Reserve at Westchase. Along with its equity partner, State Farm Life Insurance Company, Transwestern Investment Management has bought this 194,191-square-foot project that will be developed into a Class A office building in Houston’s Westchase District. The value of the transaction involving the acquisition of this […]
GM Real Estate and Jones Lang LaSalle have been appointed letting agent by Brookfield Office Properties and Oxford Properties for the London Wall Place development. Two buildings totalling 500,000 square feet will be developed on the 1.8-acre site that has a 200 meter footage on London Wall to the West of Moorgate, EC2.
Prologis, Inc., one of the leading global owner, operator and developer of industrial real estate, has just announced it will become the sole sponsor of Japanese real estate investment trust Nippon Prologis REIT, Inc (NPR).
Commercial real estate services firm CBRE has just released data that paints a bleak picture for commercial properties in Europe, Poland and Russia being the two exceptions. The company’s latest report shows a 35% decrease in overall commercial real estate investment across Central Eastern Europe in 2012, with only 7.4 billion euros in total investments in this region.
AXA Real Estate Investment Managers has recently launched the UK Long Lease Property Fund, aiming to provide UK institutional investors, pension schemes and investment consultants with a new property based, liability matching solution that generates long and secure income streams.
After reaching record highs in property prices in 2012, activity on Norway’s housing market is expected to drop in 2013 as new policies are introduced. According to a release by two industry associations, house prices will still rise this year, but the percentage would be somewhere between 4 and 6, after a 7.7% spike in 2012.
Property business in Bali is expected to present promising opportunities in 2013, the Bali chapter of Real Estate Indonesia predicting an overall 15% growth fueled by island’s positive economic growth estimated for the next year. According to the chapter’s chairman, Dewa Putu Selawa, business in the property field was expected to grow and reach a record growth in 2013 compared to previous years.
Real estate investment adviser and speaker Ted Thomas has just released a new webinar on his website to help people become educated about the different types of investments in mortgage-free real estate that are available to them. Ted Thomson taps into his over 25 years of industry expertise to teach the free webinar and educate the public about investing in this market.
San Diego based Westcore Properties has recently closed a deal to acquire a collection of Sacramento’s industrial real estate. The purchase, valued at $600 million, includes 110 buildings amounting to 11 million square feet of space, a property portfolio put together by local developer Joe Benvenuti.
Real estate software application provider RES.NET has expanded its platform connecting real estate professionals and consumers to support the traditional real estate market. A software solution launched back in 2004 for the default space, RES.NET has further developed its platform to enhance both retail and traditional real estate transactions.
