Institutional Real Estate Newsline
February 9, 2009: Vol. 16, Number 6Buy For $65.00 Add to Cart
China Housing, Prax Capital Form Development Joint Venture
China Housing & Land Developmentand Prax Capital Real Estate Holding Ltd.have completed the formation of their joint venture to develop the first 79 acres of the Baqiao project, located six miles east of Xi’an, China.
Gilead Science Pays $137.5 Million for Silicon Valley Land and Office Building
Pharmaceutical firm Gilead Science has acquired a 163,000-square-foot office building, along with 30 acres of land in Foster City, Calif., for $137.5 million.
JCR Capital Launches Two Commercial Real Estate Opportunity Funds
JCR Capital has formed two real estate opportunity funds.
Property & Portfolio Research Predicts Commercial Property Market Conditions Will Worsen
Commercial property market conditions will get far worse in 2009 and erase the valuation gains of 2005 through 2007, according to Property & Portfolio Research.