National
Will Google, Amazon Hit Data Center Market?
NEW YORK CITY-In this Second Part of a Two-Part story, we'll talk about some of the other challenges facing the data center market.
Friday, May 31, 2013
Thompson: Housing Opportunities Needed
National
Thompson: Housing Opportunities Needed
IRVINE, CA-In an UPDATE to an earlier story, GlobeSt.com talks apartment trends with Tommy Thompson, newly appointed executive director for the California Apartment Association—South Coast.
Suburban Project Fills Medical Corridor Need
OAK LAWN, IL-Bluestone Healthcare Partners Oak Lawn Medical Office Building is under construction – and is already 80% leased.
ARCP, GE Ink $807M Net Lease Deal
NEW YORK CITY-The acquisition of part of the former Trustreet Properties portfolio will add 471 properties, mainly restaurants, to ARCP’s roster.
Capital? Yes. Viable Deals? Not So Much.
National
Capital? Yes. Viable Deals? Not So Much.
WASHINGTON, DC-The question of where interest rates are heading hovers in the background of all deals, according to a recent survey by The Real Estate Roundtable.
AMF Development Dishes Multifamily Strategy
MIAMI—AMF Development's Alan Dibartolomeo tells GlobeSt.com's Jennifer LeClaire where his company is making multifamily bets in 2013.
Thursday, May 30, 2013
Lending Wheels Greased, But Only for Big Buys
National
Lending Wheels Greased, But Only for Big Buys
WASHINGTON, DC—The association’s top economist says that while funds are available for large purchases, debt is still tight for smaller-ticker buys.
Cost, Culture at Odds in Workplace Strategy
National
Cost, Culture at Odds in Workplace Strategy
NEW YORK CITY-“Changing the culture of an organization is one of the hardest things to do” is how CoreNet NY panelist Benjamin Kochanski summed up the challenge of reconciling portfolio and workplace strategies.
Communication Keeps Channels Open
National
Communication Keeps Channels Open
CHICAGO-Having just moved up to senior managing director with Heitman, Kathy Sandstrom will take things global, continuing to collaborate and communicate with her team.
Communication Keeps Channels Open
CHICAGO-Having just moved up to senior managing director with Heitman, Kathy Sandstrom will take things global, continuing to collaborate and communicate with her team.
Bradford Calls Pricing "Astonishing"
SAN DIEGO-Zeb Bradford, chief investment officer at Atlanta-based Metzler Real Estate, tells Carrie Rossenfeld that the mood at this month’s ULI Spring Meeting here was much improved over the recent past.
Auction.com: Hospitality Healthy
IRVINE, CA-Hotel deal volume is moving at a strong post-recession pace, and Orange County RevPAR reaches a new high, Chris Muoio of Auction.com tells GlobeSt.com.
CapLease Opens Industrial Doors for ARCP
National
CapLease Opens Industrial Doors for ARCP
CHARLOTTESVILLE, VA-CapLease's portfolio primarily consists of office asset but there is a sizeable industrial piece there as well.
Wednesday, May 29, 2013
JLL: Mfg. Recovery to Tighten Industrial
National
JLL: Mfg. Recovery to Tighten Industrial
IRVINE, CA-In an UPDATE to an earlier story, an increase of high-tech industrial jobs here will bring industrial vacancies below pre-recession levels, JLL’s Jeff Ingham tells GlobeSt.com.
Moody's Upgrades US Banking System
National
Moody's Upgrades US Banking System
NEW YORK CITY-The rating agency has upgraded the US banking system from negative to stable.
Freddie Mac Sees Slowdown on 7-Year K-Deals
WASHINGTON, DC-The GSE just completed its thirteenth in the series but Mitchell Resnick tells GlobeSt.com's Erika Morphy that more borrowers are gravitating to the ten-year loans.
Tuesday, May 28, 2013
Case-Shiller: Prices Post Double-Digit Q1 Gains
National
Case-Shiller: Prices Post Double-Digit Q1 Gains
NEW YORK CITY-But the number of homes still in foreclosure and buying-to-rent by investors show that the recovery is “not yet complete,” says S&P Dow Jones’ Blizter.
Johnson Capital Gets Equity For 2 Student Housing Projects
DALLAS—The firm arranged for $18.64 million in joint venture equity financing for developments being built by NRP Group LLC.
ARCP To Buy Caplease for $2.2B
National
ARCP To Buy Caplease for $2.2B
NEW YORK CITY-The shareholders for both operations have approved the acquisition.
Hotelier John Q. Hammons Dies at 94
SPRINGFIELD, MO-Over the course of 52 years in the lodging sector, the founder of John Q. Hammons Hotels developed 210 properties in 40 states.
Greninger: What'll Be Happening with BOMA International
National
Greninger: What'll Be Happening with BOMA International
WASHINGTON, DC-GlobeSt.com caught up with Rich Greninger, the incoming chair of BOMA International, in this interview.
CRE's Qualms and Questions About Rising Rates
WASHINGTON, DC-It is clear that interest rates are historically low but the question is how quickly will they rise," Real Estate Roundtable's Jeff DeBoer tells GlobeSt.com's Erika Morphy.
Landsmith Pays $48M for SF Homes
HOUSTON-The San Francisco buyer of single-family rentals acquires a total of 455 homes, with more than half of those bought in Houston.
Hi-Tech Mfg. Jobs Increase, JLL Reports
IRVINE, CA-After this sector plummeted for more than a decade, high-tech manufacturing jobs are regaining lost ground, according to a Jones Lang LaSalle report.
Retail Developers' Pipelines Bulk Up
LAS VEGAS-Experts we ran into at ICSC RECon 2013 closing receptions say that tenants are either ramping up new store openings or expediting those already underway.
Friday, May 24, 2013
Assn.: Millennials Will Lead Home Buying
National
Assn.: Millennials Will Lead Home Buying
ORANGE COUNTY, CA-The Orange County chapter of the Building Industry Association of California says this demographic group will drive homebuilding trends and reinvigorate the market.
Davis Group Turns Around Midwest MOB
MINNEAPOLIS-The local firm succeeds in boosting occupancy with IRET Properties' Edina, MN medical office building. More projects are in the works.
Lee & Associates Expands Midwest Presence
National
Lee & Associates Expands Midwest Presence
INDIANAPOLIS—The commercial broker plans to start its new valuation service in their offices across the country.
Fannie Mae's Multifamily REMIC Still Attracts New Investors
WASHINGTON, DC- Fannie Mae recently priced its fifth Multifamily DUS REMIC for the year, totaling $1.02 billion.
Multifamily Health Still Comes Down to Jobs
NEW YORK CITY-The darling among commercial real estate food groups has a healthy outlook, but that still depends on just one thing . . .
Thursday, May 23, 2013
Blackstone REIT Upsizes Stock Offering
National
Blackstone REIT Upsizes Stock Offering
NEW YORK CITY-An affiliate of the Blackstone Group, Blackstone Mortgage Trust could raise up to $659 million in a stock sale intended to finance acquisition of a loan portfolio.
Lehman Sells Half Its Stake in EQR, AvalonBay
NEW YORK CITY-The sale of a combined 23 million shares of Equity Residential and AvalonBay occurs about a month after the end of a lockup period following Lehman’s sale of Archstone to the two REITs.
Traffic Group Cites Interchange Advantages
National
Traffic Group Cites Interchange Advantages
SAN DIEGO-In an UPDATE to an earlier story, the innovative diverging diamond interchange reduces commercial properties’ impact on public roads, Wes Guckert of the Traffic Group tells GlobeSt.com.
Retailers Adapt, Capture Market Share
LAS VEGAS-In an update to an earlier story, ICSC panelists and attendees say retailers are evolving and embracing new ways to attract customers and improve operational efficiency.
OPERS to Invest $1.3B in US Real Estate
National
OPERS to Invest $1.3B in US Real Estate
COLUMBUS, OH—The Ohio Public Employees Retirement System is looking to make the investments through various avenues including both debt and equity.
Wednesday, May 22, 2013
Fannie Mae to Market $2.2B Legacy CMBS
National
Fannie Mae to Market $2.2B Legacy CMBS
WASHINGTON, DC-The GSE is putting these securities on the market to comply with an FHFA directive to reduce its non-agency portfolio, Kimberly Johnson, Fannie Mae Senior Vice President of Multifamily Capital Markets, tells GlobeSt.com's Erika Morphy.
Saks Reportedly Explores Possible Sale
National
Saks Reportedly Explores Possible Sale
NEW YORK CITY-The flagship Saks Fifth Avenue store alone is believed to be worth more than $1 billion, the New York Post reported Tuesday.
A Positive Attitude Seals Deals
National
A Positive Attitude Seals Deals
TAMPA-Sharon Bragg, vice president, Tampa Agency Leasing for Jones Lang LaSalle may not have planned to enter commercial real estate, but find a positive attitude works wonders in negotiations.
Urban Retail Begins and Ends with Design
LAS VEGAS, CA-According to panelists at ICSC’s RECon 2013, best practices for urban retail developments are first to think about design, then community support, and transit and parking issues.
Robotic Parking is Green, Economical
SAN DIEGO-Robotic-parking technology uses less land than standard parking garages, is good for the environment and minimizes crime opportunities, Wes Guckert, CEO of the Traffic Group, tells GlobeSt.com’s Carrie Rossenfeld.
Tech's Influence Provides Retail Opportunity
National
Tech's Influence Provides Retail Opportunity
LAS VEGAS-Randi Zuckerberg, founder and creative director of Zuckerberg Media, and keynote speaker at ICSC, points out how innovations in mobile and tech can give retailers a competitive advantage to retailers today.
W&D Eyes Bridge Financing, Proprietary Funds
WASHINGTON, DC-Walker & Dunlop is bringing on board MetLife's Brian Casey to help develop these products, Willy Walker tells GlobeSt.com's Erika Morphy.
E-Commerce Boosts Industrial Sector
NEW YORK CITY-Industrial’s strength is undeniable, and C&W, CBRE and Marcus & Millichap are all praising its prospects.
Billions Pour into Healthcare REITs
SCOTTSDALE, AZ-Local Healthcare Trust of America is one of the REITs benefitting from positive capital raises. As well as a successful debt offer
Tuesday, May 21, 2013
At ICSC, New Concepts, New Approaches
National
At ICSC, New Concepts, New Approaches
LAS VEGAS-GlobeSt.com networked broadly during ICSC after hours. From Marcus & Millichap's retail trends event to the Diversity Reception to JLL, C&W and Faris Lee cocktail parties. But partying aside, retail execs still spoke frankly to us about market outlook.
After Hours: Bouncing Around the ICSC Strip
National
After Hours: Bouncing Around the ICSC Strip
LAS VEGAS-From the Marcus & Millichap retail trends event to the Diversity Reception to the cocktail parties of JLL, Cushman & Wakefield and Faris Lee—to name a few--GlobeSt.com didn’t hold back on the networking front.
Middle Class Fuels Global Shopping Growth
LAS VEGAS-According to ICSC worldwide chairman Brad Hutensky, the shopping center business is exploding—countries like Brazil, China and places in Latin America and the Middle East are leading the way.
Reno Market in Feeding Frenzy
IRVINE, CA-In an UPDATE to an earlier story, an increase of single-family building permits and foreclosures in the Reno market should provide some inventory, but not enough to satisfy demand, according to RealtyTrac.
Healthcare Focus: Seniors, Decentralization
SAN DIEGO-With the over-65 population expanding by 35% in the next decade, and the Affordable Care Act insuring an extra 30 million people, more than 91,000 additional physicians will be needed in the US by 2020, say panelists at a recent healthcare session during ULI Spring here.
Self-Storage Companies Post Great Results
National
Self-Storage Companies Post Great Results
CHICAGO—First-quarter growth increases calls from some to consider self-storage a separate and vital real estate sector.
Subway Plans 3,000 New Stores in 2013
MILFORD, CT-As it participates in this year's ICSC RECon, the Subway restaurant chain reports it plans to add more than 3,000 locations worldwide in 2013.
AFL-CIO's HIT Looks to Create 25,000 Construction Jobs
WASHINGTON, D.C.-GlobeSt.com’s Rayna Katz spoke with the organization’s COO about its ambitious plan to slash the unemployment rate.
Survey Reveals: The Mall Lives
COLUMBUS, OH-A new national survey from Glimcher, unveiled at ICSC, reveals that e-tailing helps, but doesn’t overshadow, brick-and-mortar.
Experts: "Pay Attention to Tech Titans"
LAS VEGAS-Live from ICSC, ‘Clash of the Titans’ panelists urge retailers to watch Google, Amazon, Apple, eBay and Facebook—companies that have been throwing the “initial punches.”
Monday, May 20, 2013
Subway to Add 3,000 Locations Worldwide This Year
National
Subway to Add 3,000 Locations Worldwide This Year
MILFORD, CT-The Subway restaurant chain reports it plans to add more than 3,000 locations worldwide. The company announced its growth plans as it participates in the International Conference of Shopping Centers ReCon convention this week in Las Vegas.
The franchise system, the largest in the world in terms of number of locations, currently has more than 39,000 locations in 102 countries. …
First Potomac Sells Industrial for $259M
National
First Potomac Sells Industrial for $259M
WASHINGTON, DC-The REIT is selling its 24-asset portfolio to two separate buyers, with Blackstone picking up the vast majority.
Mexico is Back in the Game
National
Mexico is Back in the Game
SAN DIEGO-With its market share growing compared to China and employment back to pre-economic crisis levels, Mexico offers great development opportunities, say speakers at the recent ULI Spring Meeting here.
What's Next for Creative Space?
SAN DIEGO-Large social-media and technology firms like Facebook and Salesforce.com are leading the way with office space that addresses employees’ personal needs and promotes productivity, say speakers on ULI Spring Meeting’s technology panel.
Repurposing Existing Retail Will Escalate
LAS VEGAS-A hot topic at this year’s ICSC event is repurposing. EverestAuction.com’s Steve Winger, chats with GlobeSt.com’s Natalie Dolce about the subject of malls turning to medical facilities, and why “middle-of- the-roaders” should be wary.
Sunday, May 19, 2013
Watch Your Groceries
National
Watch Your Groceries
MELVILLE, NY-Mark Dufton from DJM Realty, A Gordon Brothers Group Co., (RECon booth S289) talks to GlobeSt.com about the changing supermarket sector.
It's a Changing Grocery Market
CHICAGO-Patrick Owens of Transwestern (RECon booth C132F) discusses the changing retail environment, especially what we are seeing with grocers.
Retailers With Nowhere to Go
National
Retailers With Nowhere to Go
LOS ANGELES-Neil Soskin of Primestor talks to GlobeSt.com's Ian Ritter about the pent-up demand that retailers are experiencing and how that has helped his firm's developments and redevelopments.
Friday, May 17, 2013
Developing Successful Retail With Fewer Anchors
National
Developing Successful Retail With Fewer Anchors
FORT COLLINS, CO-Allen Ginsborg of Newmark Merrill (RECon booth S3867) talks about the firm's Village at the Peaks project here and a retail environment with fewer anchors.
ICSC's Kercheval on RECon
NEW YORK CITY-The president and CEO of ICSC talks to Ian Ritter about what to expect from the annual RECon show coming up next week in Las Vegas.
The Incredible Shrinking Apartment Unit
SAN DIEGO-Even smaller is even better for a growing number of renters, plus private capital must step up to the multifamily lending plate, say speakers on two housing panels at the ULI Spring Meeting.
Bio Merger Could Impact Healthcare REITs
National
Bio Merger Could Impact Healthcare REITs
SAN DIEGO-The merger between local BioMed Realty and Baltimore-based Wexford Science & Technology creates a challenge for healthcare REITS' involvement in bioscience space.
MOBs Grow Up; And So Does Its Portfolios
National
MOBs Grow Up; And So Does Its Portfolios
BOSTON-JLL's Mindy Berman finds, through research, that the healthcare real estate sector is definitely coming of age as more investors accept medical office buildings as viable assets in which to put their funds.
C&W Launches Legal Sector Benchmark Survey
WASHINGTON, DC-The survey will eventually yield invaluable data for law firms to make real estate decisions, Sherry Cushman tells GlobeSt.com's Erika Morphy.
New Challenges for Old Office Users
NEW YORK CITY-Technology and Gen Y are shaking up that old office of mine. But workplace as gathering place gets a boost from a tech-based source: Google.
Thursday, May 16, 2013
Net Lease Cap Rate Madness
National
Net Lease Cap Rate Madness
NEW YORK CITY-Stan Johnson Co.'s (RECon booth S214S) Jason Maier does not see the retail net-lease market slowing down. He tells GlobeSt.com's Ian Ritter about trends in this hot sector.
Marcus & Millichap Sees Healthy Multifamily Sector
LOS ANGELES-A Marcus & Millichap webcast saw the firm's executives touting the US multifamily market as remaining healthy for some time.
DDR Buys Out Blackstone in 30-Asset JV
National
DDR Buys Out Blackstone in 30-Asset JV
BEACHWOOD, OH-The shopping center owner said Thursday it would sell 34 million common shares to help finance its $1.46-billion acquisition of Blackstone’s interest in the properties
Wednesday, May 15, 2013
Good Times For Industrial
National
Good Times For Industrial
NEW YORK CITY-SIOR's Spring World Conference earlier this month showed strong optimism about the the industrial sector of commercial real estate. We were there to experience the momentum.
Centerline Talks Possible Takeover by Hunt
National
Centerline Talks Possible Takeover by Hunt
NEW YORK CITY-The “standstill and exclusivity agreement” occurred three weeks after Hunt Capital signaled its intentions by acquiring about 41% of Centerline’s common stock.
No More Guilt. Instead, Innovation.
National
No More Guilt. Instead, Innovation.
BOSTON-Women no longer have to apologize for putting their careers first – one of the biggest industry changes, according to Diane Danielson, chief platform officer for Sperry Van Ness.
What's Trending with Fannie and Freddie
National
What's Trending with Fannie and Freddie
IRVING, TX-The GSEs led off the RealShare Student Housing conference on May 14 by sharing topics ranging from lending requirements to competition.
How the IRS Killed Tax Reform
WASHINGTON, DC-The good news: carried interest is probably safe. The bad news: we are still stuck with the same convoluted tax code.
Tuesday, May 14, 2013
Landlords Prepared for Office Depot-OfficeMax
National
Landlords Prepared for Office Depot-OfficeMax
CHICAGO-Though no one likes to lose a tenant, landlords are pretty prepared for the coming fallout that will take place when Office Depot and OfficeMax merger, says Greg Maloney of Jones Lang LaSalle (RECon booth C1001).
Value, Overbuilding Student Housing Trends
National
Value, Overbuilding Student Housing Trends
IRVING, TX-"View from the Top" panelists at the RealShare Student Housing conference this morning discussed many trends, with the topic continually returning to students' search for value and oversupply concerns.
Digital Auctions Next Wave for Self-Storage
National
Digital Auctions Next Wave for Self-Storage
LADERA RANCH, CA-Online auctions are gaining popularity among self-storage firms as a way to transfer units quickly and efficiently, H. Michael Schwartz of Strategic Storage Trust Inc. tells Globest.com.
Senior Living Sector Construction Increases, Occupancy Flat
National
Senior Living Sector Construction Increases, Occupancy Flat
AUSTIN-Senior living facilities' occupancy is below 90%, sparking concerns that too much supply might be coming to market.
Monday, May 13, 2013
UBS Secures $450M in Fannie, Freddie Financing
National
UBS Secures $450M in Fannie, Freddie Financing
NEW YORK CITY-A UBS-managed fund has gotten interest-only seven- and 10-year loans to refinance a 3,369-unit portfolio across five states.
PREIT's Coradino: 'The Wind Is at Our Back'
PHILADELPHIA-PREIT (RECon booth S500W) CEO Joseph Coradino says that things are definitely improving in the mall space as the consumer continues to buy and the economy slowly bounces back.
Lodging Industry Glass More Than Half Full
National
Lodging Industry Glass More Than Half Full
DENVER—Despite the challenges the lodging industry is facing, the near term clearly provides more opportunity than hurdles.
Trudy Rautio Tapped to Serve on TTAB
National
Trudy Rautio Tapped to Serve on TTAB
WASHINGTON, DC-Rautio is president and CEO of Carlson and will have a seat on the Commerce Department's Travel and Tourism Advisory Board.
Freddie Mac Settles $369M Senior Housing K-Deal
McLEAN, VA-The GSE is settling $369 million in K Certificates that are backed exclusively by multifamily mortgages on senior housing properties—the GSE's first such deal.
Multifamily Still Hot, but Slows in Auctions
IRVINE, CA-Auction.com's Eric Paulsen says that multifamily is still a hot sector but trails others in commercial real estate when it comes to transaction activity this year.
Oak Grove Gets $259 M for Senior Housing
CHICAGO- The Fannie Mae credit facility will refinance loans for 23 properties across the country.
Expect Fed Decisions to Impact Lodging
DENVER—The LIIC’s annual survey produced its Top 10 Trends, and there’s more good news than bad. Guess who’s causing the bad news? Click to read the gory details. Come back this PM for the good news.
Friday, May 10, 2013
Two Deals Would Make KeyBank #3 US Servicer
National
Two Deals Would Make KeyBank #3 US Servicer
CLEVELAND—KeyBank Real Estate Capital acquire the CMBS servicing portfolios of Bank of America and Berkadia Commercial Mortgage LLC, substantially increasing its commercial mortgage servicing portfolio.
MOB Cap Rates Continue Compressing
MINNETONKA, MN-A recent survey released by CBRE shows cap rates for class A, on-campus MOBs sinking below 7% for the remainder of 2013.
Heat Map Shows High Nevada Foreclosures
IRVINE, CA-In an update to an earlier story, RealtyTrac’s interactive heat map shows Nevada had the highest rate of foreclosures per housing unit in April.
Ares Inks Deal to Buy AREA
LOS ANGELES-The deal quadruples Ares’ CRE assets under management; AREA CEO Lee Neibart will co-head the Ares Real Estate Group.
Thursday, May 9, 2013
CBRE, C&W, Eastdil Top Sales List
National
CBRE, C&W, Eastdil Top Sales List
ORANGE COUNTY, CA-Real Capital Analytics has revealed the top brokerage firms for industrial investment for first-quarter 2013.
Judge Orders Arbitration in Dispute with CWH
BALTIMORE-Related Fund Management and Corvex, who sought a consent solicitation to remove the REIT’s board, expressed confidence that they’d prevail in arbitration hearing.
Foreclosure Starts Rise in Some Western States
National
Foreclosure Starts Rise in Some Western States
IRVINE, CA-Numbers increase as servicers in some non-judicial states adjust to legislation designed to prevent improper foreclosures, reports RealtyTrac.
Private Sector Drives Energy Cutbacks
National
Private Sector Drives Energy Cutbacks
SANTA FE, NM--A nearly 24% increase in commercial and residential building stock by 2030 will add nothing to the energy load, says new research.
Wednesday, May 8, 2013
Kazaz Launches Clal US
National
Kazaz Launches Clal US
NEW YORK CITY-The new subsidiary of Clal Insurance will focus on real estate investment.
DTZ Says N. America Most Attractive Market
National
DTZ Says N. America Most Attractive Market
CHICAGO- The U.S. fairs best, as increased liquidity, increased demand for space and years of slower development bring in more investors.
Tuesday, May 7, 2013
Invesco to Manage CalPERS' Multifamily Program
National
Invesco to Manage CalPERS' Multifamily Program
SACRAMENTO—The nation’s largest public pension fund has brought on a partner to help it manage its multifamily investments.
DuGan Says Gramercy Makes Good Progress in Q1
NEW YORK CITY-Quarterly FFO results include a gain of $389 million from Gramercy Property Trust's exit of the CRE finance business.
W. P. Carey's FFO Gains Following CPA:15 Merger
NEW YORK CITY-The "significant increase" in ownership following the merger has led the REIT to boost its quarterly dividend by 24%, CEO Trevor Bond said Tuesday.
Vornado's Roth: Now Isn't 'Right Vintage' for Buying
National
Vornado's Roth: Now Isn't 'Right Vintage' for Buying
NEW YORK CITY-The office and retail REIT will bear down on selling non-core assets, "of which we have more than we should," CEO Roth said on Tuesday's Q1 call.
OC Most-Improved Western Housing Market
National
OC Most-Improved Western Housing Market
ORANGE COUNTY, CA-The fastest-moving housing markets are in the West, based on declines in median days on the market, according to ZipRealty.
Few Deliveries, More Investment for Office
ORANGE COUNTY, CA-In an update to an earlier story about the Orange County office market, Voit Real Estate Services predicts office investment will ramp up as little new construction is completed.
M&M Names Director of National Retail Group
National
M&M Names Director of National Retail Group
M&M promotes from within and names a young veteran to a top position.
Property Values Surpass '07 Highs
NEWPORT BEACH, CA-In an update to an earlier story, after fully recovering ground lost during the downturn, commercial property values are now higher than they were in 2007, reports Green Street Advisors.
Monday, May 6, 2013
ARCP Sees Big Gains in Q1 FFO, Revenues
National
ARCP Sees Big Gains in Q1 FFO, Revenues
NEW YORK CITY-The merger with American Realty Capital Trust III, which closed during the quarter, ramps up both the size of the company's portfolio and its ability to acquire more.
Flipping Homes to Increase as Prices Rise
IRVINE, CA-Several Western cities are among the top 25 markets in the country for flipping homes, according to RealtyTrac.
CRE Recovery Continues . . . Despite Politicians
National
CRE Recovery Continues . . . Despite Politicians
INDIAN WELLS, CA-GlobeSt.com's John Salustri doesn't trust our current political situation; it's not good for commercial real estate. He made his case in the wrap-up general session of the SIOR Spring World Conference.
JLL Finds Spotlight on Corporate Real Estate
CHICAGO- A survey shows CEOs have deemphasized short-term cost-cutting in favor of building increased productivity and long-term value.
What Other Military Assets Could Be Privatized?
WASHINGTON, DC-Navy and Air Force are possibilities, so are dining and work out facilities and the PX system.
PAL Secures $465M from Bank of America
WASHINGTON, DC-Bank of America is the only financial institution that uses its balance sheet to support military housing, Jamie Fox tells GlobeSt.com's Erika Morphy.
Collateral Turns Iffy for Large CMBS Deals
NEW YORK CITY-The trend toward “average assets and aggressive assumptions,” according to Fitch, is occurring even as delinquencies continue declining for securitized CRE loans.
Friday, May 3, 2013
Positive April Jobs Report Relieves CRE Industry
National
Positive April Jobs Report Relieves CRE Industry
WASHINGTON, DC-The job numbers suggest that the economy is still chugging along and may not fall victim to another Spring slump.
Investors Looking Overseas for High Returns
National
Investors Looking Overseas for High Returns
CHICAGO-Participants at an afternoon panel say that overseas markets provide the best returns, but reforming FIRPTA would attract investors to America.
How to Hire Top Producers
INDIAN WELLS, CA—Do you have a program in place to ensure you are hiring the people you need? Here’s a few tips, from the SIOR Spring World Conference.
Thursday, May 2, 2013
Are You a Victim of Your Own Success?
National
Are You a Victim of Your Own Success?
INDIAN WELLS, CA—The Disney organization has little in common with commercial real estate companies. Or does it? SIOR attendees heard Thursday morning of some very important synergies.
Two Women, Two Perspectives
National
Two Women, Two Perspectives
NEW YORK CITY-This week, two women from the same firm – GA Keen Realty Advisors – present their takes on the commercial real estate industry.
U.S. Bank Co-Leads $1.5 Billion Loan for GGP
National
U.S. Bank Co-Leads $1.5 Billion Loan for GGP
CHICAGO- The secured, term loan will refinance 16 of the investment trust’s properties throughout the U.S.
Former Political Leaders Decry Gridlock
CHICAGO- In this UPDATE to yesterday’s story, former Senators George Mitchell and William Cohen and diplomat Marc Grossman address political gridlock in D.C. and challenges abroad at DLA Piper’s global conference.
Sanford Health Continues Expansion
SIOUX FALLS, SD-The health system, the nation's largest rural, nonprofit provider, is focusing its growth throughout the upper midwest – and has its eye on the Twin Cities.
Kimco NOI Sees Best Gain Since 2007
NEW HYDE PARK, NY-The shopping center REIT’s FFO also represented a year-over-year gain, as did pro rata occupancy at its properties.
Wednesday, May 1, 2013
Investment Sales Dominate at Boston Properties
National
Investment Sales Dominate at Boston Properties
BOSTON-The company focused primarily on shedding assets during the first quarter of 2013.
RE Pros Say Political Logjam Not Permanent
National
RE Pros Say Political Logjam Not Permanent
CHICAGO- In this UPDATE to Monday’s story, participants at DLA Piper’s global conference say reform to both immigration and FIRPTA can happen.
Spring Conference Kicks Off; Optimism Expected
INDIAN WELLS, CA-We spoke with Robert Thornburgh of Heger Industrial about the Spring World Conference, and the independent brokerage community
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