Joe Kelly's (bridge-loan) Blog

Increasing property sales and leasing activity propelled three of the largest global commercial real estate services firms to higher revenues and profits in the third quarter. Read more on this story fromCostar here------------------------------------------ You can instantly receive news updates ...

Santa Monica-based Douglas Emmett, Inc. (NYSE: DEI) has closed the acquisition of Wilshire Bundy Plaza, a 310,000-square-foot office building in the Brentwood submarket of Los Angeles, from Namco Capital Group Inc. for $111 million, or $358 per square foot. Read more on this story fromCostar here...

Investment grade real estate continued its positive trend from August with a strong 5.48% increase in September, according to CoStar Group's newly released Commercial Repeat-Sale Indices (CCRSI). Read more on this story fromCostar here------------------------------------------ You can instantly r...

New York real estate developer Larry Silverstein talked about a stalled construction project on Thursday. Nope not the World Trade Center. Read more on this story fromWall Street Journal here------------------------------------------ You can instantly receive news updates like this via the RSS fe...

The examiner for Washington Mutual Inc. issued his 353-page report late yesterday afternoon, concluding that the proposed settlement with the Federal Deposit Insurance Corp. and JPMorgan Chase & Co. “reasonably resolves contentious issues.” Read more on this story fromBloomberg here--------------...

New York investment firm AllianceBernstein recently performed a comprehensive review of its real estate requirements in New York in connection with its workforce reductions that it commenced in 2008. Read more on this story fromCostar here------------------------------------------ You can instant...

REITs have been some of the most active players in the CRE investment market in 2010. Read more on this story fromCostar here------------------------------------------ You can instantly receive news updates like this via the RSS feedfor the main blog on our website.On our blog we share more in de...

National Treasury Employees Union sells 1750 H St. NW in Washington, DC, to First Potomac Realty Trust and AEW Capital Management, in a 50/50 joint venture, acquired for $65 million, or about $583 per square foot. Read more on this story fromCostar here------------------------------------------ Y...

Even with a busy quarter of new openings ahead of it, Chipotle Mexican Grill said it expects to step up its new restaurant openings next year. Read more on this story fromCostar here------------------------------------------ You can instantly receive news updates like this via the RSS feedfor the...

In this edition of In The Pipeline, Trammell Crow Co. will be master developer of a 1 million-square-foot office tower at 301 South Wacker Drive in downtown Chicago; DPR breaks ground on an 11-story patient care center for Sutter Health in Oakland, CA Read more on this story fromCostar here------...