CSC stock jumps 7 percent on new buyout speculation

Here we go again: Rumors about a Computer Sciences Corp. buyout have resurfaced, spurring a nearly 7 percent jump in share price.

Multiple sources in the analyst community confirmed that the jump in share price — from $66.93 at close Friday to $71.50 when the market opened Monday — is due to talks of a buyout of the Falls Church company that were reported by Dealreporter Feb. 20, post market close.

I got a copy of the story from the news and analyst website that provides subscriber-only content…

Houston's office space bubble is about to burst

Houston has more than 17 million square feet of new office space currently under construction, but the joyride is about to end.

Much of it is of single-tenant campuses — Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM), Houston-based ConocoPhillips (NYSE: COP), California-based Chevron Corp. (NYSE: CVX) — and are often tenant-owned, and it seems as though many firms simultaneously developed an edifice complex.

The future occupants of this new construction are vacating a significant amount…

HFF secures $680M in financing for Four Seasons tower

HFF has secured $680 million in construction financing and joint venture equity for the 61-story Four Seasons hotel and private residences planned in Boston’s Back Bay neighborhood, the firm announced.

HFF (NYSE: HF) worked with developer Carpenter & Co. to secure a $500 million construction loan through The Children’s Investment Fund Management LLP, a London-based hedge fund management firm. Citi Private Bank raised $180 million in joint venture equity, HFF said.

The 61-story project, which officially…

Knockout Night: See who attended real estate's big event (Slideshow)

Some 1,750 guests took in some amateur boxing matches and went through several rounds of heavyweight networking at the annual Knockout Night, the biggest night of the year for Austin’s real estate sector, at the brand-new JW Marriott Austin hotel.

Engineering firm Bury was the corporate sponsor.

The Feb. 19 black-tie event got underway in the late afternoon with several private cocktail parties before the main event began with networking at 6 p.m., followed by dinner and four amateur boxing matches…

Alabama 4Q residential sales climb

Alabama’s residential sales continue to gain strength.

During 2014’s final quarter, the state saw 10,351 single-family homes sold. That is a 7.5 percent increase over 4Q 2013, according to new data released by the Alabama Center for Real Estate.

That also represents an 18 percent increase over the five-year average between 2009-2013.

As reported by the BBJ in January, Alabama’s December residential sales represented a 14 percent increase over November, with 3,494 units closed during the month.

That…