TAMPA, FL—GlobeSt.com caught up with, Darron Kattan and Matthew Harrell from Franklin Street to get the skinny on how flood insurance reform that goes into effect on Tuesday will impact your costs.
NEW YORK CITY-As part of an announcement by the city of this new offering—being spearheaded by Jared Kushner—the mayor’s office also revealed the creation of new free WiFi spots in all five boroughs.
CHARLESTON, SC-The Silicon Valley deal continues in a line of joint investments that Greystar has made with Ivanhoé Cambridge and Goldman Sachs, including a $1.5-billion portfolio buy from Equity Residential this past January.
HAMILTON, BERMUDA-If the $5-billion transaction goes through, it will create one of the world’s largest CRE companies, with a global portfolio of more than 330 million square feet.
NEW YORK CITY-Many REIT teams here and overseas see “challenges ahead in identifying suitable targets,” says Howard Roth, EY’s global real estate leader.
NEW YORK CITY-CapLease CEO Paul McDowell will head up the office and industrial group at ARC Advisory Group when the $2.2-billion merger is completed by year’s end.
SAN FRANCISCO-The firm’s “Tech-Twenty” report identifies 11 submarkets nationwide where office rents grew 10% or better during a two-year period, not all of them in the Bay Area
MIAMI—Kevin Davis, Chief Investment Officer for Taconic, talks to GlobeSt.com's Jennifer LeClaire about adaptive reuse projects and the opportunities they are creating for developers.
IRVINE, CA-The Case-Shiller 20-city composite index shows a greater seasonally adjusted home-price increase in July than the FHFA HPI for that month, reports Auction.com.
IRVINE, CA-Four KTGY Group multifamily developments win Project of the Year awards at the Multifamily Executive Conference in Las Vegas. Attractive amenities abound among the winners.
JUPITER, FL-In this final piece of a four-part interview series, Rendina Cos. chairman and CEO discusses personal issues, including the death of his father (the company's founder) and his own bout with cancer.
MINNETONKA, MN-Though Griffin-American Healthcare REIT acquired an 11-building portfolio as part of a $123-million deal, lack of supply slowed sales overall.
NEWPORT BEACH, CA-Like retail stores, higher-end restaurants that provide an extraordinary experience for consumers are finding their way into Southern California malls, Jackie Levy of Caruso Affiliated tells GlobeSt.com in this EXCLUSIVE interview.
WASHINGTON, DC-The asset manager turned heads with the announcement it had acquired a real estate equity firm on Wednesday.
GREAT NECK, NY-The company purchased an industrial facility, a distribution center and two restaurants all around the country
WASHINGTON, DC—The Carlyle Group is expanding into the fund-of-funds business with its acquisition of Metropolitan Real Estate Equity Management LLC.
IRVINE, CA-The firm facilitates the closing of 20 commercial assets in 11 states during the week ending September 6. Properties include office, retail and industrial assets.
HOUSTON-At Transwestern's Sept. 24. Twitter conference, Chip Clarke, president, Americas, noted that geographic areas producing jobs will experience a great deal of CRE activity.
NEW YORK CITY-Speakers at a private equity conference see opportunities in the market both for success and for failure.
NEW YORK CITY-Blackstone and a handful of other large players get the lion’s share of investor capital, but fundraising on the whole is up substantially over last year, Preqin says.
NEW YORK CITY-Yet a slowdown in mortgage applications coupled with rising interest rates portends a slowdown in the increases, says S&P Dow Jones’ David M. Blitzer.
IRVINE, CA-Census Bureau data for August suggests that single-family housing starts are on the rise, while multifamily starts are slowing down, the firm reports.
WASHINGTON, DC-The GSE must align borrowers' and lenders' needs with investor appetites, Fannie Mae's Josh Seiff tells GlobeSt.com. Today that means accommodating rising interest rates.
KANSAS CITY/MINNEAPOLIS—The two firms, based in Kansas City and Minneapolis have significant real estate practices and will be one of the largest firms in the US.
DECATUR, IL—The agribusiness giant says they want to establish a new global headquarters, and Chicago may be their destination.
CALABASAS, CA—Investment advisory firm Marcus & Millichap Inc. has filed for an initial public offering with the US Securities and Exchange Commission, GlobeSt.com has EXCLUSIVELY found out.
NEWTON, MA-Changes to the management fee plan for RMR, which is controlled by the father-and-son team of Barry and Adam Portnoy, are coming as a result of recent conversations with shareholders in CWH and its four subsidiary REITs.
OAK BROOK, IL—Inland American Lodging now has three Andaz hotels, part of the Hyatt Corp., in a portfolio that has a total of 93.
WASHINGTON, DC-The GSEs keep cranking out their securities even as Congress eyes their dismantlement and the FHFA steps up oversight.
PHOENIX-Breaking down some of the talk that transpired during the Lodging Conference, hotel owners and lenders discussed a wide range of industry issues at the final session.
SAN JOSE, CA-Rising inventory, slow-and-steady price increases signal healthier outlook in most markets, according to locally based Realtor.com
JUPITER, FL-In this continuing Q&A, Richard Rendina with Rendina Cos. discusses his company's strategy as well as overall thoughts about the healthcare real estate sector.
PHOENIX-Views on the market’s inevitable turnaround were mixed Thursday at the Lodging Conference, but that didn’t stop both the optimists and the naysayers from sharing their points of view.
SAN DIEGO-The days of department-store-anchored large malls are gone, but options like outlet centers will replace them, say panelists at ICSC Western Division.
NEW YORK CITY-The Staten Island Congressman, who will serve as keynote speaker at RealShare New York next month, has introduced legislation extending the federal Terrorism Insurance Program for five years.
NEW YORK CITY—Ackman-Ziff president Simon Ziff shares some of the finer points behind the art of mortgage brokerage today.
PHOENIX-Some speakers at an annual industry conference say the roll hotels are on will soon end while others question that mindset ; but all stress relationship building as the order of the day.
WASHINGTON, DC-Digesting the latest reports from the Commerce Department and from the NAHB, economists are taking a wait-and-see attitude toward the near term.
HARRISBURG, PA-Investors based in New York and New Jersey contended for the opportunity to buy a new garden apartment complex in Harrisburg, where institutional buyers had previously been "skeptical," Marcus & Millichap tells GlobeSt.com
DENVER-In an UPDATE to an earlier EXCLUSIVE article, GlobeSt.com chats with HREC’s Geoff Davis about increasing the profile of the firm’s debt group.
CHICAGO—The leaders of the new firm hail most recently from Marcus & Millichap and believe investors and operators should view seniors housing and medical office buildings as siblings.
WICHITA, KS—Value Place, the Kansas-based provider of affordable, extended-stay hotel suites says both bank financing and equity have become available again, and will spark a national construction boom.
SAN DIEGO-In part two in our ICSC’s Western Division conference preview stories, we asked 10 heavy hitters how the retail market will fair for the remainder of the year. Their comments may surprise you.
IRVINE, CA-Many of the women under 40 that Real Estate Forum recently lauded for making an impact on commercial real estate hail from Orange County and Los Angeles. Here are a few of them.
LOS ANGELES-An investment concept that has become popular in many industries, crowdfunding for real estate investing raises more questions than answers, Jeffer Mangels attorney Seth Weissman tells GlobeSt.com.
SYDNEY, AUSTRALIA-GlobeSt.com learns EXCLUSIVELY that Tod Lickerman has been appointed DTZ Global’s CEO, effective October 14; the move is part of a key strategic change for the firm.
NEW YORK CITY-Although showing no signs that retirement is on the horizon, real estate developer Donald Trump says the business succession plan has all his three children running his various holdings once he retires.
SAN DIEGO-Going to ICSC Western States? What are your expectations and what are you hoping to accomplish? GlobeSt.com caught up on the subject with 12 heavy hitters in this EXCLUSIVE Q&A.
LOS ANGELES-The sale of four Midwestern properties and three on the West Coast marks Westfield’s second billion-collar sale to Starwood Capital in the past 18 months.
IRVINE, CA-Economic growth in the first half of the year and second-quarter real GDP growth beating expectations provide some promising fundamentals, reports Auction.com.
IRVINE, CA-New legislation that took effect in June and more taking effect in October is the likely cause for the state’s spiking foreclosure rate, experts report in an UPDATE to this morning’s story.
DENVER-GlobeSt.com EXCLUSIVELY learned that the Denver-based firm expands its mortgage brokerage platform, forming a capital markets group within its hotel brokerage platform.
JUPITER, FL-In this first of a four-part Q&A, Rendina Cos. chairman and CEO Richard M. Rendina talks with HREIT's Murray Wolff about the future of the company.
CHICAGO—The company says the push for more efficient US workplaces will be partially offset by economic growth, and the Asia Pacific region will see much stronger rental growth.
MIAMI—SunTrust Banks EVP Walt Mercer tells GlobeSt.com's Jennifer LeClaire how he sees the multifamily market shifting and where adaptive reuse fits into the equation.
MCLEAN, VA-The offering on the iconic hotel company, which Blackstone took private in 2007, would be the largest to date in the hospitality sector.
NEW YORK CITY-The program gets championed, and explained, by experts during an industry luncheon.
SAN FRANCISCO-Thanks to technology as an economic driver, RealShare Bay Area’s town hall power panel view San Francisco as ‘the new,’ New York.
CLEVELAND-Locally based Forest City will remain as managing member of the eight individual JVs, handling leasing and operations at Victoria Gardens and seven other malls.
NEW YORK CITY-The private equity giant is refinancing all of Hilton’s debt in preparation for an IPO, and plans to issue $3.5 billion of securities as part of that initiative, the Wall Street Journal reported.
PHOENIX-Hendricks-Berkadia is marketing the 31 multifamily properties on behalf of a court-appointed receiver following an SEC action against the ownership, GlobeSt.com has learned exclusively.
CHICAGO—In this UPDATE to this yesterday’s story, Leo O’Loughlin from JLL explains how cloud computing has transformed the ability of landlords and tenants to practice sustainability.
LOS ANGELES-The 140 properties, mainly industrial, traded for a bargain-basement $20 per square foot at auction, according to the Wall Street Journal; Hackman Capital plans to liquidate all of them.
LAS VEGAS–Former city hall building converted into a progressive, flexible office space for online clothing retailer.
IRVINE, CA-The national investor in real estate and community-development initiatives has closed its 2013 fiscal year with a total of six low-income housing tax-credit funds that raised an aggregate $348 million in equity.
CHICAGO—At a green building conference in Chicago, Proctor & Gamble outlines how smart technology from JLL paid for itself in months.
SEATTLE-Redfin says prospective home buyers blame rising rates for making homes less affordable as well as for influencing them to change the pace of their search.
WASHINGTON, DC-The latest job numbers, although lackluster, do not give the Federal Reserve much reason to hold off dismantling its quantitative easing program. Or, for that matter, to continue.
HOUSTON-Local Transwestern solidifies its presence in the northeast by bringing the major Boston-based commercial real estate firm aboard. Larry Heard of Transwestern shares the details with GlobeSt.com's Amy Wolff Sorter.
NEW YORK CITY-Healthcare real estate lends itself to a triple-net structure, but, as Iridium’s Marilyn Kane tells GlobeSt.com’s Paul Bubny, it pays to read the fine print in offering plans.
BOSTON-American Tower’s acquisition of MIP Tower Holdings will add more than 15,000 communications sites under ownership or management to the company’s global portfolio.
CHARLOTTE-Benjamin Bivens and Bill Transou form a joint venture with the sole purpose of buying income-producing healthcare real estate in the southeast.
IRVINE, CA-As equity grows in this recovering housing market, more homeowners will be able to sell their homes and rebuy, say experts in this UPDATE to an earlier story.
IRVINE, CA-“We remain cautious about the housing recovery” in the face of a sharp year-over-year drop in household formation, writes Peter Muoio of Auction.com Research.
NEW YORK CITY-Private equity firm Blackstone Group, LP announced today that former AvalonBay Communities Inc, Chairman Bryce Blair has joined its real estate portfolio company Invitation Homes’ board of directors.
ORLANDO—Parkway is keeping some assets and trading off others to Brandywine Realty Trust. Get all the details and sound off on the deal.
IRVINE, CA-Willing to operate on thinner margins, institutional investors are winning single-family properties but may overestimate their true value, RealtyTrac’s Daren Blomquist tells GlobeSt.com in this UPDATE to an earlier story.
CHICAGO—The Mansour Group has sold a net-leased Chipotle even before it’s finished and say the market for net-lease properties is as brisk as they’ve ever seen it.
WASHINGTON, DC-Net lending for construction projects increased slightly for the first time since Q1 2008, according to Chandan Economics.
SAN JOSE-While Silicon Valley scores highest nationally, other tech markets across the US offer opportunities for development and redevelopment in both CBDs and submarkets, says a new report.
IRVINE, CA-Managing single-family rentals is much more granular than operating multifamily properties, which is where local property managers and agents can create a niche, experts tell GlobeSt.com.
NEW YORK CITY-Cushman & Wakefield is honoring its co-chairman John C. Cushman III on his numerous accomplishments during his 50 years with the company.
CHICAGO—Following the closing, Alliant Capital LLC will change its name to ACRE Capital LLC, and continue to be led by Ed Hurley.
CLEVELAND—This $59.5 million national acquisition comes on the heels of the investment offering’s string of healthcare real estate purchases in Tennessee and Indiana.
CHARLESTON, SC-The sale of the properties, located primarily in the Southwest, marks Inland American REIT’s exit from the multifamily business.
SAN FRANCISCO-Ron Turner joins to lead new due-diligence unit, coming from Outlier Financial.
RYE, NY-The acquisition of the candle maker, which sells through both wholesale channels and its own base of retail stores, could boost branded consumables to 35% of new owner Jarden’s sales.
IRVINE, CA-California and Nevada see fewer annual home sales from a year ago, but post the largest median home-price gains in July, according to RealtyTrac in this UPDATE to an earlier story.
CHICAGO—The ratings agency says that even though this year's recovery will be modest, nonresidential construction will increase by 5% in 2014.
CHICAGO— JLL says that, as in 2012, investors have continued buying medical-office buildings at a record-setting pace during the first half of 2013.
