CHICAGO-In buying its most recent healthcare real estate portfolio, the local REIT boosts its ownership of Chicago-area properties to just over one million square feet.
ATLANTA-A three-building, 185,000-square-foot healthcare real estate portfolio – once a value-add project – is being marketed by Avison Young in an improving market.
IRVINE, CA-The rate of recovery, while extending to all markets, differs dramatically depending on which markets you look at, Auction.com’s Rick Sharga tells Carrie Rossenfeld.
WASHINGTON, DC-The much-hated Premium Capture Cash Reserve Account proposal has been eliminated from the re-proposal.
URBANA, OH—The Germany-based Rittal Corp. has decided to move its US headquarters from Ohio to the Chicago suburbs.
YONKERS, NY-Advising both the buyer and seller on the deal, the multifamily broker arranged a bulk sale at a condominium complex.
NEW YORK CITY-Increased occupancy and tighter controls on brand standards by hotel firms are forcing owners to make upgrades.
CHICAGO—In the business world as in life, a great support system can make all the difference.
NEW YORK CITY—They’ve made a name for themselves in the often-cutthroat world of commercial brokerage
NEW YORK CITY—Success is achieved through taking chances; Denihan Hospitality is testament to that. Here’s a look at how fearlessness can sometimes yield surprising results.
NEW YORK CITY—These development superstars apply the same approach to work as they do to life.
Their paths to their current roles took a winding course, but today, these women are among the most sought-after financial thought leaders in the industry
McLEAN, VA-Shaun Smith is assuming the role previously held by Chris Hobbs, who retired last month.
CHICAGO—The best way to achieve excellence is to surround yourself with it. That’s how these executives rose to become legends in their fields.
EMERYVILLE, CA-Web-based research firm says listings, days on market and pending sales have remained relatively unchanged over the past six weeks.
IRVINE, CA-The best housing markets for good health and building real estate wealth are also in other Western states including Utah, Montana and Wyoming, reports RealtyTrac.
IRVINE, CA-FHFA reports that Nevada, California and Oregon were among the top five states in terms of annual home price appreciation, according to Auction.com in an UPDATE to an earlier story.
WASHINGTON, DC-So says the Building Owners and Managers Association International in the new 2013 Experience Exchange Report.
BOSTON-The group names Kirk Sykes—its former vice chairman and the current chairman of the Federal Reserve Bank of Boston—to the post.
CHICAGO—The CEO of DDR Corp. and a managing partner of Brookfield will join the REIT’s board and fill recently vacated slots.
SAN FRANCISCO-The restaurant space has continued to be one of the more aggressive asset classes in the net lease space in terms of deal flow and CAP rate compression says Stan Johnson Co.
IRVINE, CA-Passco Cos.’ CEO Bill Passo EXCLUSIVELY tells GlobeSt.com’s Natalie Dolce that the primary opportunity he sees at the moment is a return to retail investment.
IRVINE, CA-The Shoppes at Chino Hills has weathered the recession storm and come out on top, thanks to the successful repositioning efforts of locally based PM Realty Group, Scott Kuklish tells GlobeSt.com.
LOS ANGELES-The disconnect between all-transactions and purchase-only home-pricing indices could be skewing lenders’ view of the housing market, according to CBRE.
WASHINGTON, DC-Rising interest rates may be behind both July’s spike in existing home transactions and what the Commerce Department reported as a slowdown in new-home sales.
IRVINE, CA-From the top down, creative office is about shared space, shared ideas and a balance between collaborative and focus, say panelists at RealShare Orange County.
ARLINGTON, VA-With year-over-year gains for both states and metro areas offset by longer-term losses in many markets, the sector’s recovery remains “fragile and fragmentary,” says AGC economist Ken Simonson.
IRVINE, CA-Orange County’s economic recovery, led by the housing sector, will be driven by a variety of retail factors and build-to-suit office space, say panelists at RealShare Orange County.
MILWAUKEE-Aurora Health Care's Larry Wiemer explains at a recent conference how monetization through sales of healthcare real estate has benefited the health care system.
CHICAGO—The recession threw many hotels into foreclosure and now the recovery has their new owners embarking on much-needed restorations.
SECAUCUS, NJ-The Children's Place clothing chain will close 100 stores in the next four months and maybe another 70 next year, despite having a good 2nd quarter.
LOS ANGELES-Should central banks wind down their quantitative easing programs earlier than currently expected, office rents, and pricing, would suffer in major markets in both the US and Europe, says DTZ.
SAN ANTONIO-The industry veteran most recently served as CFO of the real estate and infrastructure department at the Abu Dhabi Investment Authority.
NEW YORK CITY-The net lease REIT’s CEO tells GlobeSt.com’s Paul Bubny that the company intends to create a structure that makes it “not as only as competitive, but more competitive than our peer set.”
CHICAGO—Chicago, Minneapolis and even Indianapolis have become emerging markets in the worlds of high-tech manufacturing and services.
BEVERLY HILLS, CA-Private Realty Mogul reports that the preferred returns being offered to investors in private real estate transactions over the last 11 months ranged from 5% to 12% in this EXCLUSIVE story.
NEW YORK CITY-William Mack and Richard Mack now serve as chairman and CEO, respectively, of Mack Real Estate Group, which directly owns about six million square feet of properties and developments.
WASHINGTON, DC-Multifamily losses at Freddie Mac are very low.
CHARLOTTESVILLE, VA-With interest rates vaulting faster this summer than they did in the 1980s, companies such as Starwood Property Trust, largely inured to interest rates hikes, fared best, according to SNL.
NEW YORK CITY-The shopping complex and transportation hub will provide the free service beginning this fall.
NEW YORK CITY-Nicholas Schorsch, among the founders of ARCP and its external advisor, will serve as executive chairman following the mergers with CapLease and ARCT IV.
SAN DIEGO-GlobeSt.com EXLCUSIVELY learns that a California private equity firm buys $40-million worth of assets in Florida, Texas, Illinois, Pennsylvania and Indiana.
IRVINE, CA-A recent snap back in pricing over the past 12 months results in more owners bringing their homes to market, says Rich Cosner of Prudential California Realty in this UPDATE to an earlier story.
WASHINGTON, DC-As we near the one year anniversary of Superstorm Sandy, the administration releases a blueprint it hopes other communities affected by natural disasters will follow.
WASHINGTON, DC-The Federal Housing Finance Agency's inspector general wants to see Fannie Mae and Freddie Mac speed up implementation of accounting reforms.
NEW YORK CITY-In its effort to grow its corporate services division, Cushman has promoted two people into new leadership positions and hired a former corporate real estate pro to oversee a single account.
IRVINE, CA-Demand is high, prices are rising and interest rates are still at historic lows, say brokers at a recent RealtyTrac roundtable webinar.
McLEAN, VA-The company expects to move into more markets and develop new products once the Beech Street acquisition is complete, Capital One's Rick Lyon tells GlobeSt.com's Erika Morphy.
HOUSTON-EXCLUSIVE-As religious organizations focus on outreach, experts tell GlobeSt.com's Amy Wolff Sorter that many are moving into vacant commercial real estate space, rather than buying and building from scratch. Part one of two stories.
SAN FRANCISCO-The deal for 29 performing loans follows Wells’ acquisition of a U.K. CRE loan portfolio in July, and continues INGREF’s wind-down of its US business.
McLEAN, VA-The combined entity will be a top five national multifamily originator when it is all said and done.
BETHESDA, MD-The company has accessed life, bank, Freddie Mac and interim financing to close these deals.
ORANGE COUNTY, CA-While the creative-office trend has brought amenities to the forefront, even traditional users are seeking innovative and attractive amenities that keep employees happy, Joaquin de Monet of PCRA tells Carrie Rossenfeld in this EXCLUSIVE preview to RealShare Orange County.
ROME, GA-The $90 million, seven-building sale of Harbin Clinic's seven buildings to Duke Realty helped the physician owners dispose of property that might have hindered acquisition efforts, while providing capital for operations expenses.
NEW YORK CITY-The two firms say the first half of the year provided some interesting changes to the usual state-of-affairs, but most of them are signs of a healthy market.
IRVINE, CA-The creative-office trend not only adds up to operational efficiencies, but it matches up with young professionals’ viewpoint on what success in business means, Guy Johnson of Johnson Capital tells Carrie Rossenfeld in this EXCLUSIVE RealShare Orange County preview.
WAYNE, NJ-Locally-based children’s retailer Toys "R" Us says it plans to open more than 100 new or remodeled stores this year in 21 countries.
ORANGE COUNTY- Cheryl Todd, Vice President of Real Estate Management Coreland Companies has moved from one strength to another in her commercial real estate career.
NEW YORK CITY-The private equity giant owns 95% of the common equity in the seven-center portfolio, which is being acquired from Regency Centers and will be managed by DDR.
NEWPORT BEACH, CA-Despite being based in Southern California, CBRE’s new tenant-rep team frequently visits markets to insure high-level service, team members tell GlobeSt.com in this UPDATE to an earlier story.
BOSTON-In FDIC receivership since original lender Corus closed its doors, the four apartment towers are coming to Winthrop at “well below replacement cost,” says CEO Ashner.
NEW YORK CITY-The private equity giant will put out close to $1 billion to buy majority stakes in the 80 complexes across the Southeast and Southwest, according to the Wall Street Journal.
NEW YORK CITY—Strategy results in new hires, promotions and structure, with increase in editorial, event and digital content.
NEW YORK CITY-July’s delinquency rate—6.78% as measured by Fitch and 8.48% according to Trepp—comes a year after Trepp reported all-time highs for late payments on securitized loans.
NEW YORK CITY-Looking to pounce on the strength of the equity markets and of the hotel sector, Blackstone is said to be preparing an IPO, marking its second hotel brand sale plan revealed within a week.
MIAMI—Global capital is still gravitating toward the U.S. But where exactly are the opportunities? Jordan Ray tells GlobeSt.com's Jennifer LeClaire what he sees.
NEW YORK CITY-The purchase and sale agreement struck by AR Capital will divide Inland American’s core net lease portfolio across various ARC-sponsored entities, including American Realty Capital Trust V.
CHICAGO—CBRE brings two more executives over from Jones Lang LaSalle. They will help lead the company’s Economic Incentives Group.
LAFAYETTE, IN—The student housing developer Trinitas has agreed to provide the market research firm Axiometrics their data on about 130 student housing markets.
WASHINGTON, DC-The company also posted strong earnings although it is scaling back its guidance for the year based on changes within the government programs.
LOS ANGELES-According to CBRE, a buyer could soon be selected for 13 healthcare buildings known as the "Dignity Medical Office Portfolio," as Dignity Health System occupies approximately 33% of the buildings.
MIAMI—How have the capital markets changed—and what X factors could cause more dramatic change? Mission Capital's Jordan Ray offers GlobeSt.com's Jennifer LeClaire some insights.
NEW YORK CITY-Although it found the REIT’s new higher minimum requirements for requesting a vote on removal of its board were “unreasonably difficult,” the panel also denied partial summary judgment for Corvex and Related.
NEW YORK CITY-In common with its two previous value-add discretionary funds, the private equity firm’s KTR III will operate across the spectrum of acquisition, development and operation in key markets.
CHICAGO—The hotel chain’s developers outline for GlobeSt.com how they will expand in the Midwest, and why they think the hospitality industry has finally turned a corner.
CHICAGO—Chuck Taylor of Illinois-based Englewood Construction tells GlobeSt.com how the economic revival has impacted builders in the retail sector.
WASHINGTON, DC-NAREIT reports that REITs have underperformed the larger stock market for the first seven months of the year.
TORRANCE, CA-Similar philosophies and cultures make Avison Young a good fit for R7 Real Estate, Stan Yoshihara tells Carrie Rossenfeld in this UPDATE to an earlier story.
NEW YORK CITY—The resultant company will create one of the largest industrial property entities in North America, with over 62 million square feet of operating assets.
NEW YORK CITY-Lehman Brothers Holdings sold off the 82-asset industrial portfolio in two separate transactions; it had owned the properties in a partnership with Prologis since 2007.
IRVINE, CA-The possibility of a second-half slowdown in employment gains is back on the table as July hiring falls short of expectations in this UPDATE to an earlier story.
WASHINGTON, DC-The president endorsed a Senate measure that calls for the private sector to take over the GSEs' role in the housing finance market.
GREENWICH, CT-The REIT’s senior management believes it’s “very well positioned to continue to outperform” thanks to substantial progress in all business lines during the second quarter, says CEO Barry Sternlicht.
NEW YORK CITY—Global investment manager Cohen & Steers is leaving the private equity real estate business, resulting in the departure of the group’s head, Steve Coyle, and his team, at the end of this week.
NEWPORT BEACH, CA-Since low rates helped the recovery in pricing as much as anything, “much depends on where interest rates go,” says Green Street’s Rothemund.
McLEAN, VA-The GSE is proud of how this program have evolved over the years, Mitch Resnick, vice president of Freddie Mac Multifamily, tells GlobeSt.com's Erika Morphy.
OAK BROOK, IL—The subsidiary of the Inland Group that sponsors REITs will bring in Mitchell A. Sabshon, a Phoenix-based executive, as their new CEO.
NEW YORK CITY-The optimism among respondents to EY’s global survey “is buoyed in part by a consensus that global economic fundamentals are improving,” says the firm’s Michael Fishbin.
NEW YORK CITY—Over a three-year period, SunTrust Banks will finance up to $5 billion in commercial real estate mortgages originated and managed by MetLife Real Estate Investors.
WASHINGTON, DC-Two surveys, two widely different views of the CRE industry. Why?
CHICAGO-Illinois Medical District's commission head Warren Ribley is overseeing a strategic plan involving new developments and expansion to generate more than $300 million in revenue over the next decade.
WASHINGTON, DC-Only 162,000 jobs were added to the economy and while the unemployment rate fell, that was in part due to the number of people dropping out of the job market.
LOS ANGELES-In an UPDATE to an earlier story, in connection with the liquidation, TPG will make an equity contribution of approximately $163 million to TPG/CalSTRS.
WASHINGTON, DC-Lackluster growth, a new way of calculating GDP. Some thoughts on how to make sense of it all.
MADISON, NJ-Eric Adler today was named as Prudential Real Estate Investors' new CEO as of September; The current CEO Allen Smith will stay on to ease transition before taking up a new post as CEO of Four Seasons Hotel & Resorts.
WASHINGTON, DC-Congress is making another attempt to reform FIRPTA. Will the proposal actually make it across the finish line this year? AFIRE's Jim Fetgatter is hopeful it will.
HOLMDEL, NJ-Somerset Development's Ralph Zucker says that he expects the medical-related office part of the Town Center plan approved Tuesday night for the former Bell Labs building will be open by mid-year 2014.
DALLAS-In an exclusive interview with GlobeSt.com's Amy Wolff Sorter, Dorothy Jackman of Colliers and CBRE's Jaclyn Fitts suggest interest rates will determine student housing activity for the rest of the year.
MADISON, NJ-Eric Adler today was named as Prudential Real Estate Investors' new CEO as of September; Adler has extensive investment management background in European countries and currently leads PREI's global activities.
WASHINGTON, DC-Congress is making another attempt to reform FIRPTA. Will the proposal actually make it across the finish line this year? AFIRE's Jim Fetgatter is hopeful it will.
