Friday, November 30, 2012

Sternlicht: Worries Aside, CRE is Investors' 'Sweet Spot'




National





Sternlicht: Worries Aside, CRE is Investors' 'Sweet Spot'



NEW YORK CITY-Although the potential for overheated markets makes him uneasy, the Starwood Capital Group CEO told conference attendees there are important differences between 2007 and today.








Blackstone Affiliate Buys Apple REIT Six for $1.2B




National





Blackstone Affiliate Buys Apple REIT Six for $1.2B



RICHMOND, VA-The REIT has entered into an agreement to be acquired by BRE Select Hotels Corp.








San Fran Mayor Invests In Neighborhoods, Small Businesses




California





San Fran Mayor Invests In Neighborhoods, Small Businesses



SAN FRANCISCO-The pilot program will provide small businesses with an Americans with Disabilities Act assessment report, a plan for compliance, and access to new grant funding and loan programs to make upgrades.









HFF Arranges Loan for Two Gaslamp District Properties



SAN DIEGO-Holiday Fenoglio Fowler LP has arranged refinancing for two neighboring properties in the Gaslamp District of San Diego.







National





Better Buildings: Top Management Firms



Welcome to the industry's most detailed ranking of Top Property Management Firms.








Berkeley Center Sells for $20M




California





Berkeley Center Sells for $20M



BERKELEY, CA-Newmark Grubb Knight Frank facilitates the sale and financing of the retail and office center to Hill Street Realty LLC.









Brian McAuliffe Rejoins CBRE



LOS ANGELES-McAuliffe will lead the firm's multi-housing investment-sales practice as senior managing director.







National





Construction Numbers Take a Wrong Turn



NEW YORK CITY-The number of stalled development sites locally has crept upward throughout 2012, says the Building Congress; nationally, CPA firm Marcum sees a wide year-over-year gap between residential and nonresidential construction spending.








Thursday, November 29, 2012

Investors Sold on Net-Lease Retail




National





Investors Sold on Net-Lease Retail



The recipe for this successful sector is strong supply and demand. It doesn't hurt either that good returns in other areas aren't as easy
to come by.











The REIT Decision



W.P. Carey's new status as a public REIT will increase shareholder value as the firm sticks to its knitting across the net lease spectrum








Jobs Numbers Increase, MF Demand Shows Slight Decline




California





Jobs Numbers Increase, MF Demand Shows Slight Decline



DALLAS-AXIOMetrics' KC, Sanjay tells GlobeSt.com that the 171,000 jobs added in October beat the forecasted 145,000; despite multifamily sector softening, the market is 70-80 basis points below the historic average.






Bumb & Associates Subsidiary Buys San Jose Airport Garden Hotel




California





Bumb & Associates Subsidiary Buys San Jose Airport Garden Hotel



SAN JOSE, CA-Bay 101 owners have bought the San Jose Airport Garden Hotel near Casino M8trix for more than $20 million.









Hill Street Realty Snaps Up Berkeley Center for $20M



BERKELEY, CA-Hill Street Realty LLC has recently snapped up Berkeley Center, an office and retail property in downtown Berkeley, from a private family trust for $20 million.