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CPPIB’s Managing Director Hilary Spann Discusses Plans for its New Joint Venture
(NREIonline) - 22 hours, 23 minutes ago...
In a Q&A with NREI, CPPIB's managing director for Americas real estate investments, discusses the pension plan's newly formed joint venture to invest in U.S. industrial assets....
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MetLife, State Street Strike $2 Billion Mortgage Partnership
(NREIonline) - 22 hours, 23 minutes ago...
The companies will co-lend each loan under the multiyear agreement, New York-based MetLife said Thursday in a statement....
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San Diego Brokers Tackle Empty Big Box Stores
(COSTAR) - 22 hours, 23 minutes ago...
This Babies R Us store, spanning 48,000 square feet in San Diego’s Mira Mesa neighborhood, is among the largest of nine locations recently vacated in the local market by Toys R Us. A solution to the nationwide problem of how to fill empty big box store properties is developing in the sun-drenched hills around San Diego. Brokers are filling vacancies by luring chains that are embarking on national expansion. The San Diego region had nine vacant......
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Pimco Joins Crowded Field for Direct Commercial Real Estate Lending
(COSTAR) - 22 hours, 23 minutes ago...
Pimco headquarters in Newport Beach, California. The growing U.S. investment pool for financial commercial real estate lending just expanded by another $3 billion as bank and non-bank lenders including investment management giant Pacific Investment Management Co., known as Pimco, broaden their offerings to tap strong demand. Pimco officially launched a real estate debt fund while insurer MetLife and bank holding company State Street Corp. kicked......
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Minto Group Selling Another Piece of HQ
(COSTAR) - 22 hours, 23 minutes ago...
Minto Place at 180 Kent St. in downtown Ottawa.Ottawa-based Minto Group is selling off another portion of its head office in a deal that would value Minto Place at more than $400 million, CoStar News can report. The $135 million deal will see the three-building development in downtown Ottawa split three ways, with Investors Group and LaSalle Investment Management each taking one-third along with Minto, which will manage the property. It was......
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Annual salary needed to buy a home in Houston neighborhoods increases by 7.7 percent
(BIZ Journals) - 22 hours, 23 minutes ago...
However, the salary needed to buy a home in Meyerland decreased 10.3 percent. ...
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Silverleaf home at $5.5 million tops list of highest-priced July sales
(BIZ Journals) - 22 hours, 23 minutes ago...
The four-bedroom home in north Scottsdale continues a trend of higher-priced luxury sales in the Valley. ...
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Alert for Kilauea volcano lowered amid diminished lava activity from eruption
(BIZ Journals) - 22 hours, 23 minutes ago...
The Hawaiian Volcano Observatory lowered its alert level for Kilauea volcano on the Big Island Friday, noting that hazards from the lava flows and the earthquakes caused by the crater collapses at the summit have diminished. The observatory lowered the alert to a watch from a warning because the volcano has been quiet for more than a week, but warned that it’s unknown whether the lower activity is just a temporary lull or an end to the eruption events that began May 3 and destroyed some 7...
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Mapped: These are the Bay Area's best school districts
(BIZ Journals) - 22 hours, 23 minutes ago...
Looking to buy a house near some of the region's best schools? Ratings and review company Niche has come out with its annual school rankings, which include the San Francisco Bay Area's top school districts — with metrics delving into everything from average SAT scores to graduation rates. Palo Alto Unified School District topped this year's list, boasting of a 1390 average SAT score, a graduation rate hovering around 95 percent and a student-teacher ratio of 19:1. The dis...
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Burlingame project overcomes NIMBY opposition, finally gets go-ahead
(BIZ Journals) - 22 hours, 23 minutes ago...
A project that once received over 40 letters of opposition from Burlingame citizens finally has a stamp of approval. Fore Property Co.’s 128-unit development, which was approved by the Planning Commission earlier this week, will involve the merging of seven separate lots at the northeast corner of Bayswater Avenue and Myrtle Road near downtown. The properties now house a mix of auto repair garages, single-family homes and smaller apartment buildings. It wasn’t easy getting there....
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