Tuesday, November 6, 2012

Rosemont Realty Adds 1M SF in Portfolio Acquisition

National Commercial Real Estate News From CoStar Group

Rosemont Realty Adds 1M SF in Portfolio Acquisition

Rosemont Realty LLC acquired One Warren Place and Two Warren Place, located at 6100-6120 S. Yale Ave. in Tulsa, OK from Parmenter Realty Partners.

Totaling nearly one million square feet of class A office space, the two towers are Oklahoma's two largest office buildings. The two award-winning buildings are part of the 52-acre Warren Place Complex.

One Warren Place is a 20-story, 466,424-square-foot office building constructed in 1983. Two...

Major CRE Firms Say 3Q Deal Slowdown Reflects Client Caution

The largest publicly traded CRE firms reported leasing and sales activity slowed noticeably in the U.S. during the third quarter as businesses wait on the sidelines for clarity from next week’s election and ensuing efforts to resolve nation’s fiscal debt and tax issues before making major property decisions.

Also in third-quarter earnings calls this week, CEOs of the two largest publicly traded CRE companies said the ongoing debt crisis in Europe...

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