Tuesday, April 30, 2013

Home Prices Gain in Best Showing Since 2006




National





Home Prices Gain in Best Showing Since 2006



NEW YORK CITY-Led by Phoenix, 16 of the 20 cities in the S&P/Case-Shiller 20-City Composite index showed month-over-month as well as year-over-year improvement, S&P Dow Jones Indices said Tuesday.











Tech a Core SIOR Focus



INDIANAPOLIS-SIOR Bryan Poynter of Cassidy Turley says to expect a lot of tech breakout sessions this week at the Spring World Conference.








Monday, April 29, 2013

Student Housing Leaders: Is Field Getting Crowded?




National





Student Housing Leaders:
Is Field Getting Crowded?



NEW YORK CITY—Two weeks out from RealShare Student Housing 2013, here’s a look at the trending topics in the industry.











It's Becoming a Landlord's Market



DALLAS-SIOR's Nora Hogan, who is a tenant rep at Transwestern says the market is shifting, and at least in Dallas, it is becoming more favorable for landlords than tenants.








DLA Piper: Executives Feeling Bullish




National





DLA Piper: Executives Feeling Bullish



CHICAGO- In their latest State of the Market Survey, DLA Piper says confidence has rebounded since the last survey in 2011, primarily due to artificially low interest rates and easier access to capital.











Tapping Silicon Valley Tech Talent



BELMONT, CA-Auction.com's Jake Seid tells GlobeSt.com about how getting into the Silicon Valley's talent pool will bring the firm to the next level.











Cassidy Turley: DC's Challenger Brand



WASHINGTON, DC- Headquartered here, the firm completed transactions valued at $22
billion in 2012, manages 455 million square feet across the US on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations.











Capital Markets 'Resilient' on Retail Front



MIAMI—Kimco CFO Glenn Cohen tells GlobeSt.com's Jennifer LeClaire about his take on the capital markets in 2013 and beyond.








Friday, April 26, 2013

A Strong Industrial Sector




National





A Strong Industrial Sector



CHICAGO-SIOR's Mark Goode tells us about the importance of the organization, and what people will be talking about at next week's show. The Venture One exec is also very candid about the industrial market.








Brookfield Office Starts 2013 with Strong Q1




National





Brookfield Office Starts 2013 with Strong Q1



NEW YORK CITY-The quarter saw development progress on Manhattan West here and Bay Adelaide in Toronto, along with year-over-year gains in FFO and operating income.








Advocate MOB Portfolio for Sale




National





Advocate MOB Portfolio for Sale



CHICAGO-A 408,000-square-foot healthcare real estate portfolio occupied, in part, by the Advocate Health Care System, is on the market.








This Business About Comprehensive Tax Reform




National





This Business About Comprehensive Tax Reform



WASHINGTON, DC-Everybody on Capitol Hill says everything is on the table.











Doing the Deal: Give Buyers, Sellers Their Due



NEW YORK CITY-“I haven’t met a seller that didn’t want to set the Guinness World Record for lowest cap rate,” says Jason Maier at Stan Johnson Co.











How Buyer Attitudes Are Changing in 2013



MIAMI—Kimco CFO Glenn Cohen tells GlobeSt.com's Jennifer LeClaire buyer attitudes and seller strategies have changed over the past 12 months and what he expects next.








Thursday, April 25, 2013

More Cautious Optimism. But There's Optimism.




National





More Cautious Optimism. But There's Optimism.



TULSA-Angela West of SIOR talks about how the organization helps her firm and the trends she is seeing in the national market.








Behind This Year's NMTC Award Round




National





Behind This Year's NMTC Award Round



WASHINGTON, DC—The Treasury Department announced it would distribute $3.5 billion of New Market Tax Credits to organizations across the country. In this UPDATE we take a closer look at the program and the 85 Community Development Entities that were selected.








Brookfield Office and MPG Office To Become One




National





Brookfield Office and MPG Office To Become One



LOS ANGELES-Locally based MPG enters into a definitive merger agreement with pursuant to which a newly formed fund controlled by Brookfield Office Properties will acquire the company.








Treasury Announces Recipients of $3.5B in NMTCs




National





Treasury Announces Recipients of $3.5B in NMTCs



WASHINGTON, DC—A total of 85 organizations were chosen out of an applicant pool of 282. They will share $3.5 billion in New Markets Tax Credits.











2013's Best and Worst Retail Markets



MIAMI—Kimco CFO Glenn Cohen tells GlobeSt.com's Jennifer LeClaire what the best and worst retail real estate markets are in 2013.








Wednesday, April 24, 2013

Motorcycles, Mayhem and a Hot Industrial Market




National





Motorcycles, Mayhem and a Hot Industrial Market



NASHVILLE-SIOR president and Colliers International industrial expert Terry Smith talks to GlobeSt.com about next week's conference and how the market is holding up.








Rising Market, Proactivity Drive C&W Growth




National





Rising Market, Proactivity Drive C&W Growth



NEW YORK CITY-If 2012 was “the year of uncertainty,” 2013 will be “the year of less uncertainty” and more activity, C&W CEO Rufrano tells GlobeSt.com’s Paul Bubny.








Don't Wait For Your Job to Become A Career




National





Don't Wait For Your Job to Become A Career



ATLANTA-Marcy Moneypenny, managing director at CBRE says women – and others in the commercial real estate industry – should thrive in any position, because no one knows what might happen next.








Mixed Profit Forecast For Hotel Property Segments




National





Mixed Profit Forecast For Hotel Property Segments



ATLANTA—While the profit outlook for full-service, resort and convention hotels is bright, PKF Hospitality Research reports the forecast for limited-service hotels is decidedly less sunny.











Why Small Shop Space Is Driving Opportunity



MIAMI—In part two of our series with Kimco CFO Glenn Cohen, GlobeSt.com's Jennifer LeClaire asks about where the opportunities lie in 2013.








Tuesday, April 23, 2013

Will E-Commerce Kill the Retail Stars?




National





Will E-Commerce Kill the Retail Stars?



MIAMI—Kimco Realty's CFO, Glenn Cohen, tells GlobeSt.com's Jennifer LeClaire what he sees as the biggest challenges for retailers in 2013.











Interview With Cornerstone's Tag Birge, Part 2



INDIANAPOLIS-John Mugford with Health Care Real Estate Insights continues his interview with Cornerstone Cos.' EVP Birge, who discusses MOB sales, monetizing assets and physician tenants.











Net Lease: a $40B Biz in 2013



NEW YORK CITY--Fresh on the heels of our RealShare Net Lease Conference, JLL comes out with impressive growth projections for the sector this year.








Monday, April 22, 2013

Starwood Closes on $1B LNR Acquisition




National





Starwood Closes on $1B LNR Acquisition



GREENWICH, CT-When the deal was announced in January, CEO Barry Sternlicht said it would diversify revenue sources, add “significant scale” to the operating platform and “dramatically expand” origination capabilities.








Hot Hotels: Big Boost Ahead for Lodging




National





Hot Hotels: Big Boost Ahead for Lodging



CHICAGO-Investors are fired up over the improving numbers the sector is returning.








Friday, April 19, 2013

2013 Off to Good Start for MOB Developer




National





2013 Off to Good Start for MOB Developer



INDIANAPOLIS-In this first of a two-part interview, Healthcare Real Estate Insights editor John Mugford chats with Cornerstone Cos.' EVP of development Tag Birge about the company's plans and healthcare real estate.








Blau, Meister Want CWH Board Ousted




National





Blau, Meister Want CWH Board Ousted



NEWTON, MA-In response, locally based CommonWealth REIT’s board says that Related and Corvex are not entitled to seek consent from fellow shareholders.











Vanguard, BlackRock Top REIT Owners



CHARLOTTESVILLE, VA-The Top 25 institutional REIT investors, as measured by SNL, enjoyed an 8.5% year-over-year increase.








Thursday, April 18, 2013

Avison Tracks Move To Class B Industrials




National





Avison Tracks Move To Class B Industrials



CHICAGO: The firm says the Chicago industrial market has been trending toward recovery and investors have begun moving money into second-tier buildings.











Prop Managers Cross the Tech Threshold



NEW YORK CITY-How does a traditional discipline play nicely with new technology? Experts who deal with it every day explain it all.








Wednesday, April 17, 2013

Sale Leaseback Is Growing While Corporate RE Presents Many Options




National





Sale Leaseback Is Growing While Corporate RE Presents Many Options



NEW YORK CITY-Both areas seem to be on the rise, with many different deal types being seen as viable.








The Biggest Challenges Can Create the Biggest Opportunities




National





The Biggest Challenges Can Create the Biggest Opportunities



TULSA-Angela West of CBRE changed her perspective in order to thrive in the industry.








Net Lease Pros Sound Off on REITs, Strategy and the Future




National





Net Lease Pros Sound Off on REITs, Strategy and the Future



NEW YORK CITY-Divergent viewpoints and the input of an industry legend proved the multi-faceted nature of the net lease market.








Tuesday, April 16, 2013

Meet the Pioneers Of Student Housing




National





Meet the Pioneers Of Student Housing



DALLAS—Here’s a look at some of the now-household names that helped to not only establish the sector, but also bring it into the spotlight.











Greystone Hires CRE Vet Lanigan as EVP



NEW YORK CITY-Lanigan will oversee Greystone’s Portfolio Lending Group while expanding its special situation lending efforts.











Op2mize Head Breaks Down SIOR LIVE



CHICAGO-Geoffrey Kasselman, one of the people behind the scenes in SIOR LIVE talks about the importance of this year's Spring World Conference.








Opt2mize Head Breaks Down SIOR LIVE




National





Opt2mize Head Breaks Down SIOR LIVE



CHICAGO-Geoffrey Kasselman, one of the people behind the scenes in SIOR LIVE talks about the importance of this year's Spring World Conference.











Net Lease Returns Shine Amid Low Cap Rates



NEW YORK CITY-“Uninvested capital sitting on the sidelines is a wasted opportunity,” said ARC Trust’s Peter Weisman, among the experts who take the stage at this year’s RealShare Net Lease conference.








Closing Schools: Pew Says Cities Struggle To Repurpose Vacant Buildings




National





Closing Schools: Pew Says Cities Struggle To Repurpose Vacant Buildings



CHICAGO- At its national planning conference over the weekend, the American Planning Association and the Pew Charitable Trusts discussed the difficulties Chicago will have reusing its dozens of closed schools.








Monday, April 15, 2013

Related, Corvex Press Ahead After CWH Rejection




National





Related, Corvex Press Ahead After CWH Rejection



NEWTON, MA-The REIT’s board had nixed the offer from Related and Corvex as part of a plan to seize the company “for their own benefit.”








SIOR Expands Its Reach




National





SIOR Expands Its Reach



LAS VEGAS-Mike Hillis is the incoming president of SIOR. He talks to GlobeSt.com about the direction the organization is headed and what to expect from its Spring World Conference May 1-4, which we are promoting as part of a program called SIOR LIVE.








President's Budget Includes BRAC Item




National





President's Budget Includes BRAC Item



WASHINGTON, DC-Local communities should not worry too much about changes the immediate future – but they should consider long-term strategies as another round of BRAC is highly likely, says JLL's Barry Scribner.











Net Lease Real Estate Icons



NEW YORK CITY—Some of the leaders of the business will also speak at Tuesday''s RealShare Net Lease Conference here.








Friday, April 12, 2013

Retail Experts: Lay of the Land is Different Now




National





Retail Experts: Lay of the Land is Different Now



NEW YORK CITY-The investment sales market looks like 2007 all over again, “except with no product,” Marcus & Millichap’s Kunofsky said at a panel discussion presented by the firm.








Commercial Property Values Back to '07 Highs




National





Commercial Property Values Back to '07 Highs



NEWPORT BEACH, CA-Property values have fully recovered the ground that was lost during the last downturn, reports Green Street Advisors.











Brooklyn MOB Offering Provides Insight into a Different, High-Priced Market



BROOKLYN-Noyack Medical shops 16 medical office condos within One Hanson Place for an ask just shy of $8 million. According to Noyack, the product is "priced to move."








CCIM Says 2012 Saw Robust Growth




National





CCIM Says 2012 Saw Robust Growth



CHICAGO- The institute says apartments attracted the most investment and will continue on an upward trajectory.








Thursday, April 11, 2013

Carried Interest Rears Its Head. Again




National





Carried Interest Rears Its Head. Again



WASHINGTON, DC-Changing the tax characterization of carried interest is back on the table—again. The difference this time is Congress seems more willing to sacrifice 'sacred cows' if comprehensive tax reform can be achieved.








ARCP Scraps Plan to Buy Cole Credit III




National





ARCP Scraps Plan to Buy Cole Credit III



NEW YORK CITY-ARCP CEO Schorsch says CCPT III’s directors and management have been “completely unwilling to explore a transaction with us.”











Investors Find Retail Gold in Second Tier



CALABASAS, CA-Developers pipelines are growing and some tenants are ramping up expansions, says retail expert Alvin Mansour, the SVP of investments at Marcus & Millichap, who sees great opportunity investing in secondary/tertiary markets.








The More Things Change, The More They Stay the Same




National





The More Things Change, The More They Stay the Same



WASHINGTON, DC—The findings of the 2013 NMHC 50 rankings of apartment owners and managers may have an air of déjà vu to them, but there have also been some notable changes over the past year.








Wednesday, April 10, 2013

Investcorp Makes $200M Office Play in US




National





Investcorp Makes $200M Office Play in US



TYSONS CORNER, VA-Energy, technology and education are the driving sectors behind the purchase, the fund says.











Boston Capital, Greystar Top NMHC 50--Again



WASHINGTON, DC—Nine of the top 10 names on the 2013 NMHC 50 are repeat appearances.








Delving into the WLI




National





Delving into the WLI



NEW YORK CITY-One social-media savvy organization WLI aims to raise the visibility and number of women leaders in this industry. But that’s only just a taste of its goals.








DTZ Reorganizes Research Team




National





DTZ Reorganizes Research Team



CHICAGO- The firm also says it will make other big changes and concentrate more on forecasts instead of looking backward.











Finding Value In Less Obvious Places



NEW YORK CITY-Exploring ways to unlock this value, either for reinvestment into the business or other uses, could have a highly positive impact on both efficient use of capital and market perception.








Tuesday, April 9, 2013

The Softer Side of HUD Financing




National





The Softer Side of HUD Financing



WASHINGTON, DC-The biggest change introduced at the Department of Housing and Urban Development has been its recently-formalized hospital refi program. But there have been other changes as well, says W&D's Michael Vaughn.











Walker & Dunlop Posts $1.73B in Q1 Loan Originations



BETHESDA, MD-Originations were below the company's first quarter guidance largely due to the delay in the federal budget.











Healthcare REIT Results Top all Other REITs



SCOTTSDALE, AZ-Healthcare Real Estate Insights examines healthcare REITS, including locally based Healthcare Trust of America Inc.











REITs Make Strong Q1 Showing



NEW YORK CITY-Solid returns and more than $720 million in IPOs. All in all, not a bad quarter for REITs, even if they didn’t outperform the broader equity markets.








Monday, April 8, 2013

Boulder Says Cap Rates at Historic Lows




National





Boulder Says Cap Rates at Historic Lows



CHICAGO- The firm has released a study showing that a limited supply of properties, especially new construction, has continued to have an effect.











IREM Goes to Washington



WASHINGTON, DC-On Wednesday, more than 250 members of the Institute of Real Estate Management and members of the CCIM Institute will hold some 200 meetings with their Congressperson.











Ackman-Ziff Execs Teach Young Pros Patience, Longevity



Three principals at Ackman-Ziff talk about how they have managed to stay at only one commercial real estate firm for a decade each and offer advice to those starting in CRE how to stay in the game.








Friday, April 5, 2013

RealPage Reports Slower Rent Growth




National





RealPage Reports Slower Rent Growth



CARROLLTON, TX- The apartment market has slowed down a bit from 2011, and high-end apartments have slowed most of all.








Thursday, April 4, 2013

Office Fundamentals Improve, But Space Efficiency Flattens Demand




National





Office Fundamentals Improve, But Space Efficiency Flattens Demand



WASHINGTON, D.C.- Results for the first quarter show that companies have continued to squeeze the amount of space allotted to employees.











JLL Market Report: Some Green Shoots



LOS ANGELES-Jones Lang LaSalle indicates some market softness remains.











Don't Write Off MOB Monetization



MINNETONKA, MN-Experts tell Healthcare Real Estate Insights that monetizations are ramping up once again, though the process isn't as frenzied as what took place during the 1990s and early 2000s.








Wednesday, April 3, 2013

ARCP Seeks Stockholder Vote on Cole Offer




National





ARCP Seeks Stockholder Vote on Cole Offer



NEW YORK CITY-ARCP and CEO Schorsch said they’ll increase the cash portion of an offer to buy Cole Credit Property Trust III; CCPT III’s board will review the revised offer.











Historic Hotel to be Renovated



LOS ANGELES-Lighthouse Investments and Paligroup team up to buy the Embassy Hotel. Revamped version will debut this summer.








Women in CRE: the List so Far




National





Women in CRE: the List so Far



NEW YORK CITY-We’ve featured a great range of industry superstars, catch up on what they have to say.











Women in CRE: the List so Far



NEW YORK CITY-We’ve featured a great range of industry superstars, catch up on what they have to say.








Institutional Buyers Getting Into Industrials




National





Institutional Buyers Getting Into Industrials



NEW YORK CITY- Industrial properties have continued selling at a high rate in 2013 and institutions such as pension funds play a big role.











Freddie Mac Launches 7-Year K-Deal for $1.4B



McLEAN, VA-It is business as usual for the GSE, which just launched its fifth multifamily K Certificates offering for 2013.








Tuesday, April 2, 2013

Heat Map Shows Foreclosure Rates




National





Heat Map Shows Foreclosure Rates



IRVINE, CA-In an update to this morning’s story, RealtyTrac’s interactive heat map shows the number of new foreclosures during February for areas all around the US.








Fannie Says Economy Will Strengthen




National





Fannie Says Economy Will Strengthen



WASHINGTON, D.C.-Whatever worries consumers have about sequestration or rise in the payroll tax won’t derail a recovery that continues to gather strength.











One-Two Punch of Consolidation and E-Commerce



As part of the 67th Annual Review and Forecast in Real Estate Forum’s February/March 2013 issue, the editors conducted a sector-by-sector review of the nation’s property markets. In the retail business, online shopping and consolidation are making their presence felt.











Accredited Buyers Investment Site Launches



BEVERLY HILLS, CA-Realty Mogul is a marketplace for accredited investors to pool money online and buy shares of pre-vetted investment properties.











Demand for MOBs Greater Than Ever



LOS ANGELES-CBRE's Healthcare Capital Markets Group sees a continuation of high demand for medical office product.








Monday, April 1, 2013

Culver City $8 million office deal




National





Culver City $8 million office deal



Joint venture to revamp industrial building.











Firm Gives Top Honors To Student Housing Expert



Marcus & Millichap has named Peter Katz as one of its top investment specialists for 2012. Incidentally, he’s also one of the most prolific and visible student housing investment brokers in the country.








Spec Industrial Space Starting Up Again




National





Spec Industrial Space Starting Up Again



As part of the 67th Annual Review and Forecast in Real Estate Forum’s February/March 2013 issue, the editors conducted a sector-by-sector review of the nation’s property markets. Here’s a look at the industrial environment, which is seeing a return of spec development.








Public Hospital System Looks to the 'Burbs




National





Public Hospital System Looks to the 'Burbs



MINNEAPOLIS-In an effort to reach out to suburban residents, the Hennepin Country Medical Center is considering an outpatient facility west of the CBD.