Kimco Completes InTown Sale to Starwood Capital

National

Kimco Completes InTown Sale to Starwood Capital

NEW HYDE PARK, NY-The sale of 138 extended-stay properties goes a long way toward reducing the shopping center REIT’s non-retail holdings to its lowest level since 2010.

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CBRE: L.A. Office Vacancy Unchanged

LOS ANGELES-CBRE's Q2 report on office and industrial vacancy shows office vacancy unchanged, but industrial showing good absorption.

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Schorsch Closes on $1.3B in GE Capital Assets

NEW YORK CITY-In two separate transactions, ARCP and ARCT IV have acquired 824 net lease assets in the former Trustreet portfolio; ARCT IV plans to buy the rest in the third quarter.

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What Foreign Capital Wants Today

National

What Foreign Capital Wants Today

MIAMI—FTI Real Estate's Jahn Brodwin tells GlobeSt.com's Jennifer LeClaire what he sees happening in the global capital markets.

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No Magic Formula To Special Servicers

SAN DIEGO-Knowing to which laws and guidelines special servicers are beholden helps demystify their actions, Shlomo Chopp of Case Property Services tells GlobeSt.com EXCLUSIVELY.

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RealtyTrac Adds Chase To Broker Network

IRVINE, CA-The online resource of real estate and foreclosure data selects Chase International as part of the RealtyTrac Network available to brokerage companies nationwide.

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Fed's Dudley: QE3, Low Rates Will Stick Around

NEW YORK CITY-At a press briefing Thursday, the New York Fed’s president said the Federal Open Market Committee’s monetary policy “depends on the outlook, rather than the calendar.”

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SIR Launches $300M Stock Sale

National

SIR Launches $300M Stock Sale

NEWTON, MA-A pending $143.6-million net lease acquisition is one possible outlet for net proceeds from the sale of common shares.

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Awareness, Adaptability Key for Managers

National

Awareness, Adaptability Key for Managers

SAN DIEGO-Being aware of behavioral differences among the generations and being adaptable to owners’ changing needs are important elements of successful property management, said speakers at BOMA’s Every Building Conference here this week.

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Designing the Business School of the Future

KANSAS CITY—In this UPDATE to Monday’s story, one of the developers of the University of Missouri’s innovative business school tells GlobeSt.com what makes the structure unique.

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Related, Highbridge Form JV to Provide Gap Funding

National

Related, Highbridge Form JV to Provide Gap Funding

NEW YORK CITY-Related Companies and Highbridge Principal Strategies report they have formed a joint venture to manage a new credit platform that will invest $800 million in real estate debt.

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Office Real Estate Icons II

National

Office Real Estate Icons II

NEW YORK CITY—In this Second of a Three-Part Series, meet some of the legends who have become household names of the US office sector.

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Pay It Forward

National

Pay It Forward

NEW YORK CITY-Sometimes, design isn’t merely about building the next big skyscraper or overpriced multifamily property.

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Tenants Value Health/Hygiene Amenities

SAN DIEGO-Building amenities that support workplace health and hygiene present may attract and retain tenants, according to research revealed during this week’s BOMA conference here.

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Gil Medina Departs C&W for CBRE

National

Gil Medina Departs C&W for CBRE

EAST RUTHERFORD, NJ-Cushman & Wakefield's executive managing director Gualbarto "Gil" Medina has "transitioned" out and will be announced as a new CBRE Group executive tomorrow, GlobeSt.com has learned..

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S&P: Home Price Gains Hit New High

National

S&P: Home Price Gains Hit New High

NEW YORK CITY-With all cities in the indices showing positive annual returns for at least the past four months, “the recovery is definitely broad based,” says S&P Dow Jones’ Blitzer.

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Are You Ready for Work-at-Will?

National

Are You Ready for Work-at-Will?

NEW YORK CITY-We all know the nature of the workplace is changing. But one Manhattan-based start-up is raising the bar to unseen (obscene?) levels. Can you cope?

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First American Debuts New Web Portal

SANTA ANA, CA-The title insurance company releases the CRE version of myFirstAm, a Web portal designed to streamline commercial real estate transactions.

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CRE Needs More Opportunities for Women

SAN FRANCISCO-In this EXCLUSIVE preview to her panel discussion at BOMA in San Diego today, Sandra Boyle of Cushman & Wakefield tells GlobeSt.com that CRE needs to create a pipeline of opportunities for women.

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Norandex Lease Fills Garland Facility

National

Norandex Lease Fills Garland Facility

GARLAND, TX—The long-term lease brings the the Gateway East Business Center to full occupancy.

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Schorsch: Market Overreacts on Interest Rates

National

Schorsch: Market Overreacts on Interest Rates

NEW YORK CITY-The ARC chairman and CEO, at the New York Stock Exchange to ring the opening bell, tells GlobeSt.com’s Paul Bubny that now is “a great buying opportunity.”

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Paramount Twins Go Separate Ways

National

Paramount Twins Go Separate Ways

PARAMOUNT, CA-In separate deals, two different owners are picking up Paramount Town Center East and West retail assets.

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Kimco Boosts Stake in Retail Portfolio

NEW HYDE PARK, NY-The increase in ownership interest coincides with Blackstone affiliates closing on their controlling stake in the Kimco-UBS joint venture.

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Walker & Dunlop Inks $61M in Student Housing Loans

AUSTIN, TX—The Bethesda, MD-based firm made loans on five properties in various locations around the country.

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SBA Opens Door Wider to Lending

National

SBA Opens Door Wider to Lending

WASHINGTON, DC-For many small, owner-occupied sales, US Small Business Administration financing has been much appreciated.

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Foreclosure-Prevention Efforts Delay Process

IRVINE, CA-In an to an earlier story, RealtyTrac’s latest heat map shows foreclosure activity nationwide.

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Employment Growth Supports Housing Performance

SAN DIEGO-Denver and Salt Lake City are among the top in terms of home price growth, according to locally based DataQuick.

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California Is Third in Vacant Foreclosures

IRVINE, CA-The Golden State has 9,802 vacant foreclosure properties as of June; Florida is in the lead by far with 55,503, reports RealtyTrac.

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Distressed Opportunities Can Still Be Found

National

Distressed Opportunities Can Still Be Found

SAN DIEGO-Although this number is declining, more than $100 million of troubled assets is still outstanding, says Jess Bressi, who spoke at RealShare Investment & Finance here last week.

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CMBS Notes Due Motivate Sellers

NEWPORT BEACH, CA-With the surge of CMBS notes coming due, more owners will be encouraged to sell, says Guy Johnson of Johnson Capital, who spoke at the recent Sperry Commercial Broker Exchange here.

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Westfield Bullish on Colorado Springs

National

Westfield Bullish on Colorado Springs

COLORADO SPRINGS, CO-The Denver CRE developer is becoming active in healthcare real estate development, despite an MOB vacancy of 15%.

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Terms Stay Constant, Borrowers Report

SAN DIEGO-Live, interactive polling at the recent RealShare Investment & Finance Conference here brought some interesting trends to light.

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Schorsch: Non-Traded REITs 'Should Be $350B'

National

Schorsch: Non-Traded REITs 'Should Be $350B'

NEW YORK CITY-While the sector has the potential for “significant growth,” its participants need to demonstrate “institutional investment acumen,” CEOs said at Thursday’s IMN symposium.

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Corporate Real Estate Gets Professionalized

National

Corporate Real Estate Gets Professionalized

CHICAGO—Maureen Ehrenberg, a top official at CBRE, tells GlobeSt.com how and why the world of corporate real estate changed and got close to the C-Suites.

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Lone Star Raising $6B for Distressed CRE

National

Lone Star Raising $6B for Distressed CRE

DALLAS—Distress game behemoth Lone Star Funds is now gearing up to raise its third real estate vehicle, with a target of $6 billion, according to SEC documents.

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Little Doubt About Interest Rate Trajectory

WASHINGTON, DC-Count on it: Ben Bernanke is taking the punch bowl away from the party. The only question is how will commercial real estate valuations and pricing react.

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Archetype Rebrands Under Starwood Umbrella

National

Archetype Rebrands Under Starwood Umbrella

GREENWICH, CT-The name change provides “a signal to all customers, partners and employees that Starwood Mortgage Capital has the backing of a premier real estate finance company,” says Starwood Property Trust’s Sternlicht.

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BXP Prices $700M Note Sale

BOSTON-The office REIT may put the $692 million of expected net proceeds to use in reducing debt or making acquisitions, according to an SEC filing.

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Construction Lending, Foreign Buyers Trend

National

Construction Lending, Foreign Buyers Trend

SAN DIEGO-Lenders are opening the spigots for construction once again, and international buyers consider the US a safe haven for real estate investments compared to their own countries, say speakers at RealShare Investment & Finance.

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E-Com Demand Will Filter Down

CHICAGO—In this UPDATE to yesterday’s story, Avison Young’s Erik Foster says e-commerce investors will look beyond the top-tier assets.

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Values, Interest Rates Concern Experts

National

Values, Interest Rates Concern Experts

SAN DIEGO-Rent growth cannot match potential increased interest rates without job growth, say panelists at RealShare Investment & Finance.

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E-Com Fuels Demand for Distribution Space

National

E-Com Fuels Demand for Distribution Space

CHICAGO—Investors will have two main options, Avison Young reports. Either buy in industrial markets like LA, Indianapolis or Dallas, or dense, urban infill areas like NYC or Chicago.

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Weyerhaeuser Makes $2.65B Move, Potential Sale In Works

National

Weyerhaeuser Makes $2.65B Move, Potential Sale In Works

FEDERAL WAY, WA-“Given the improving fundamentals of the housing market, now is a prudent time to explore strategic alternatives for this business,” says the homebuilder CEO, Dan Fulton.

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CWH Urges 'No Action' on Board Ouster

National

CWH Urges 'No Action' on Board Ouster

NEWTON, MA-The locally based office REIT says the proxy advisory firm’s report recommending removal of its board is premature and ”will likely cause confusion among CommonWealth shareholders."

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Marcus & Millichap Says Hotels Rising

CHICAGO-An improving economy has brightened the outlook for the hospitality industry just in time for the summer season, with the auto industry giving a special boost to the Midwest.

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BPO Launches Tender Offer for MPG Stock

National

BPO Launches Tender Offer for MPG Stock

NEW YORK CITY-The cash-tender offer for all outstanding shares of MPG’s preferred stock is part of the merger agreement the two companies announced in April.

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Foreclosure Starts Increase 108% in Hawaii

National

Foreclosure Starts Increase 108% in Hawaii

IRVINE, CA-Although down 33% from a year ago, foreclosure starts in 14 states including Hawaii and Nevada were up over last year, RealtyTrac reports.

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Don't Exhale Yet About Troubled Assets

SAN DIEGO-Banks still have higher than average percentages of non-performing loans on their books, Bliss Morris, founder and CEO of First Financial Network, tells GlobeSt.com in this EXCLUSIVE preview to RealShare Investment & Finance.

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MOB Q1 2013 Sales Top $1 Billion

MINNETONKA, MN-HREIT's John Mugford points out that MOB's healthy first-quarter showing comes with a caveat – Realty Income's acquisition of American Realty Capital Trust also involved $380 million of MOB sales.

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Office Keeps Pace With Economy

National

Office Keeps Pace With Economy

CALABASAS, CA-Much like the economy itself, the slow-to-respond office sector is finally showing signs of life.

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Risks are Manageable in GSA-Heavy Markets

National

Risks are Manageable in GSA-Heavy Markets

SAN DIEGO-In this EXCLUSIVE preview to RealShare Investment and Finance here next week, Sam Chandan of Chandan Economics tells GlobeSt.com that negative absorption in these markets due to federal cuts is manageable if supply remains in check.

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Low Rates Driving Property Values

NEWPORT BEACH, CA-As commercial property values increase 3% in May, Green Street Advisors analyst Peter Rothemund says this upward trend in values will continue.

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Spigot Is Turned, Competition is Up

SAN FRANCISCO-Momentum on the acquisition side has picked up steam and now everything that is for sale has many quality bidders, many of them are REITS, say ULI Finance and Investment conference panelists.

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$16B in Hotel REIT Debt Coming Due

National

$16B in Hotel REIT Debt Coming Due

CHARLOTTESVILLE, VA-SNL Real Estate reports that more than half of all outstanding debt will mature between 2014 and 2016.

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Schorsch's RCAP Snares First Allied

National

Schorsch's RCAP Snares First Allied

NEW YORK CITY-The deal squares with RCAP’s aspiration to bolster its presence in the independent financial advisor segment of the financial services industry.

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Centerline, Hunt Will Merge

National

Centerline, Hunt Will Merge

NEW YORK CITY-Hunt will pay $39.89 per share for the outstanding common stock of locally based Centerline that it doesn’t already own, doubling Hunt's multifamily portfolio.

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Be Ready to Close Quickly on Fixer-Uppers

IRVINE, CA-In this UPDATE to an earlier story, bargain-hunter home buyers should be prepared to face stiff competition and act quickly, say experts.

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The Meaning of the IRS' REIT Working Group

National

The Meaning of the IRS' REIT Working Group

WASHINGTON, DC-Moss Adams' Kevin Seabolt talks about the significance of the IRS' apparent decision to consider the legal definition of real estate for a REIT conversion.

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CRE Jobs Outpace National Average

ITHACA, NY-Could this be the first recovery where CRE actually becomes a leading, and not a lagging, indicator? Cornell University and SelectLeaders spell it all out in this EXCLUSIVE interview.

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Investors Seek New Ways to Place Capital

SAN FRANCISCO-Until recently, a disproportionate amount of investment activity was targeted toward top-tier assets in four or five principal markets, says Don Wise, CEO of Metzler Real Estate in a Q&A with GlobeSt.com.

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Don't Look West for Fixer-Upper Bargains

IRVINE, CA-This region has zero cities on RealtyTrac’s list of the top 15 best markets in which to buy fixer-upper bargains; Midwestern cities take the lead.

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50+ Group Are Most Active Homebuyers

National

50+ Group Are Most Active Homebuyers

IRVINE, CA-Home design needs to change to adapt to the lifestyle needs of aging Baby-Boomers, says Manny Gonzalez of KTGY Group Inc.

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Freddie Mac Rocks. Is Congress Watching?

National

Freddie Mac Rocks. Is Congress Watching?

McLEAN, VA-So far it has received a thumbs up from S&P and Fitch Ratings. Moody's, it seems, is next.

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Rufrano Speaks Out

NEW YORK CITY-Stepping down from Cushman & Wakefield’s CEO post, the executive reflects on his tenure at the firm.

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ARCP Closes $900M Stock Placement

National

ARCP Closes $900M Stock Placement

NEW YORK CITY-Bumped up from their original total of $800 million, the two placements will be used to fund the equity portion of ARCP's CapLease and GE Capital deals.

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Cushman & Wakefield's Rufrano Steps Down

National

Cushman & Wakefield's Rufrano Steps Down

NEW YORK CITY-Newly appointed interim CEO Carlo Barel di Sant’Albano tells GlobeSt.com’s Rayna Katz that it will be “business as usual” under his leadership.

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Situs Expands Bank Group with Four New Hires

National

Situs Expands Bank Group with Four New Hires

NEW YORK CITY-Edward Robertson and Roger Johnson have come aboard as managing directors at Situs, which has also hired two new VPs.

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Stage Equity Partners Seizes on "Special Opportunity"

National

Stage Equity Partners Seizes on "Special Opportunity"

ELK GROVE VILLAGE, IL-The Skokie, IL-based firm relied on expertise, contacts and luck to acquire the 52,000-square-foot Woodland Square Medical Plaza.

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Goolsbee Issues Cautionary, Hopeful Notes About Economy

National

Goolsbee Issues Cautionary, Hopeful Notes About Economy

CHICAGO—The former Obama economic advisor tells participants at REITWeek not to pin too much hope on a recovery in the housing market.

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Eager Investors Pounce on Michigan MOB

National

Eager Investors Pounce on Michigan MOB

WYOMING, MI-The quick and recent sale of the 53,000-square-foot Spectrum Health West Pavilion to American Realty Healthcare speaks volumes about the types of MOB product investors are seeking these days.

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Florida: Creativity Drives Our Economy

SAN DIEGO-Human creativity is what can distinguish the US from other economies as we reinvent ourselves in the post-recession economy, advisor and professor Richard Florida tells attendees at PCBC here.

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Transforming the Self-Storage Sector

National

Transforming the Self-Storage Sector

CHICAGO—At yesterday’s REITWeek 2013 session, officials from Public Storage outline how their business has undergone a transformation.

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Alpha Women of the Hotel Industry Confab

NEW YORK CITY-Leaders of the business spoke of their pasts and of the industry’s future at the NYU Hospitality conference.

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REITs Underperform Equity Markets

WASHINGTON, DC-The month was a loss, but the first five months are up, according to NAREIT, with lodging and healthcare leading the way.

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Marriott Europe Comes Ashore

National

Marriott Europe Comes Ashore

NEW YORK CITY-The hotelier is seeking to build loyal customers among young travelers by bringing a European, design-focused brand to the Americas.

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Aussie Fund, Forest City JV on $2B Retail Package

National

Aussie Fund, Forest City JV on $2B Retail Package

CLEVELAND—The real estate arm of Queensland Investment Corp. has paid $436 million for a 49% stake in eight regional malls owned by Forest City Enterprises.

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Always Prepare and Don't Forget the Research

HOUSTON-Transwestern’s managing director Jan Sparks offers her sage advice to thriving in the commercial real estate industry. Hint: it might take some work.

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Real Estate, No Longer a Dirty Word

SAN FRANCISCO-The public sector is very much standing in the way, but the private sector is recovering nicely, says one panelist at the ULI Real Estate Finance and Investment conference.

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One Project's Economic Ecosystem

National

One Project's Economic Ecosystem

WASHINGTON, DC-The multifamily industry has plenty of evidence to show how it supports the larger economy.

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Hotels See 'Extended Run' of Stability

NEW YORK CITY-It’ll take a resurgence in group business travel to help move the needle, lodging CEOs said at the NYU conference Tuesday.

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Young Pro: 5 Things You Should NEVER Do

BOSTON-C&W’s Steve Woelfel learned most of these rules the hard way. These tips might help you see the sand traps before you’re in them.

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Kayne Anderson Closes $750M Fund

National

Kayne Anderson Closes $750M Fund

ARMONK, NY-The fund was significantly oversubscribed, the private equity real estate arm of Kayne Anderson Capital Advisors said Tuesday.

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Morgans Hotel May Put Itself Up for Sale

National

Morgans Hotel May Put Itself Up for Sale

NEW YORK CITY-The announcement comes a week after Morgans Hotel Group's board voted to eliminate its poison-pill plan.

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Tisch: US Needs Competitive Edge

National

Tisch: US Needs Competitive Edge

NEW YORK CITY-Jonathan Tisch is bullish on the economy. But he’s realistic in his view of where we are lacking. With some $95 billion in lost travel revenues coming from a poor Customs process alone, he needs to be. The second of a two-part article.

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US Foreclosure Sales Drop 18% From Q1

IRVINE, CA-Non-foreclosure short sales are also down despite the high number of homeowners across the country who are still underwater, according to RealtyTrac.

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GE Lends Blackstone $581M in Another Big Deal

National

GE Lends Blackstone $581M in Another Big Deal

DALLAS—The firms team up for yet another big-ticket financing, this time for a 16-property hotel portfolio in a deal arranged by HFF.

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Schorsch, GE Strike $1.45B Net Lease Deal

National

Schorsch, GE Strike $1.45B Net Lease Deal

NEW YORK CITY-ARCT IV’s deal for 986 retail properties follows ARCP’s announcements last week that it would buy another GE Capital portfolio for $807 million and net lease rival CapLease for $2.2 billion.

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Bank Cap Rates at Historic Lows

National

Bank Cap Rates at Historic Lows

CHICAGO—The Boulder Group has released a study showing that cap rates for single-tenant bank leases are even lower than the already-low rates for other retail.

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REIT Exec Pay Faces 2013 Plateau

CHICAGO-But don’t start passing the hat quite yet. They’re coming off a year of all-time-high payouts.

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