Friday, November 30, 2012

Canadian Firm To Pay $300M for Chicago Apt. High-Rise




National Commercial Real Estate News From CoStar Group





Canadian Firm To Pay $300M for Chicago Apt. High-Rise



Morguard Corp., an Ontario, Canada-based investor, agreed to purchase Alta at K Station, an 848-unit multifamily complex in Chicago’s West Loop, for $300 million or $353,774 per unit. The company plans to finance the acquisition with a $200 million loan for a 10-year term at 3.29 percent and available funds. The deal is set to close by the end of December.

Owners Fifield Cos., a Chicago-headquartered developer, and Pacific Life Insurance Co., its...






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.








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.







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.











Minority Report



By taking a minority cut in trophy assets, Madison International provides an exit strategy for antsy investors








CoStar's People of Note (Nov. 18-Dec. 1)




National Commercial Real Estate News From CoStar Group





CoStar's People of Note (Nov. 18-Dec. 1)



This week's People of Note includes the following markets: Atlanta, Chicago, Dallas, National, New York City and Philadelphia.

NATIONAL
Jones Lang LaSalle Names Martin CEO for Americas
By Tim Trainor

Peter Roberts, Jones Lang LaSalle's chief executive officer for the Americas, will assume a new role as chief strategy officer. He will be succeeded by the firm's current chief operating and financial officer, Lauralee Martin (pictu









McAuliffe Rejoins CBRE To Head Up Multifamily Investment Sales



CBRE Group is bringing in a veteran multifamily sales specialist to divide overall responsibilities for its Multi-Housing Group.

Brian McAuliffe has rejoined the firm from RREEF as senior managing director. At RREEF, McAuliffe oversaw acquisitions, dispositions and capital markets-related activities as a managing director in the firm’s Transactions Group. He also served as a chair of RREEF’s Investment Committee.

In his new role, which becomes...






HFF Arranges Loan for Two Gaslamp District Properties




California





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





Top 10 Growth Markets: Energy and Tech Rule



The two broad-based sectors are fueling job growth, multifamily investment and, just maybe, some speculative development in these cities








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









California





Law Firms in Driver's Seat in Renter's Market



LOS ANGELES-With the office sector still sluggish, Los Angeles is being dubbed one of the top markets for law firms in the country.






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.






Change Partners: Simon and Tanger Bury Hatchet to Develop Outlet Malls In Charlotte, Columbus




National Commercial Real Estate News From CoStar Group





Change Partners: Simon and Tanger Bury Hatchet to Develop Outlet Malls In Charlotte, Columbus



In the latest skirmish in the outlet center wars, large mall developers that previously announced competing outlet center projects in Charlotte, NC, have joined forces in Charlotte and will also build a 90-store center in Columbus, OH.

Simon Property Group, Inc. (NYSE: SPG), the world's mall developer and owner, and Tanger Factory Outlet Centers, Inc. (NYSE: SKT) plan to build a 350,000-square-foot center in Charlotte in a location announced last...






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.






Watch List: Delinquent Sears, Kmart, JCPenney Retail Properties




National Commercial Real Estate News From CoStar Group





Watch List: Delinquent Sears, Kmart, JCPenney Retail Properties



In this week’s Watch List, CoStar examined CMBS loans for properties in which two of the largest three tenants were either a Sears, Kmart or JCPenney anchor. All three retailers have Fitch Ratings of either B or CCC with negative outlooks.

We identified 91 CMBS loans securitized before 2010 that were backed by such properties. The loans are delinquent or were not paid off at maturity on 22 of the 91 properties backing the loans, or 24%.

Share...









Vornado & Trump Refinance 1290 Avenue of the Americas



The Vornado Realty Trust partnership completed a $950 million refinancing of 1290 Avenue of the Americas, a 2.1 million-square-foot Manhattan office building. The 10-year interest-only loan bears interest at 3.344%. The net proceeds from the refinancing were $522 million after repaying the existing loan and closing costs.

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The new loan on the property is being rolled into a single-entity commercial...






TRI Commercial/Corfac International Gets New President




California





TRI Commercial/Corfac International Gets New President



SAN FRANCISCO-Tom Martindale becomes TRI's first president since 2002. For the past decade, the company was managed by its board, and executive committee.









Syndication of Investments is on the Rise



NEWPORT BEACH, CA-The acceleration of newly formed LLCs, private REITs and venture funds shows that syndicated real estate investments are increasing, say speakers at a recent Sperry Van Ness broker forum.







National





Brennan Group, Gatehouse in $178M Industrial Buy



CHICAGO-Some 19 properties around the country are included in the pack, sold by AIC Ventures. Mike Brennan spoke exclusive with GlobeSt.com's John Salustri about the deal, his second major play with Gatehouse.








Wednesday, November 28, 2012

Apt. Building Boom Drives Recovery In Commercial Construction




National Commercial Real Estate News From CoStar Group





Apt. Building Boom Drives Recovery In Commercial Construction



A host of new data and leading indicators show that commercial and residential construction is gaining significant strength in most regions of the U.S., led almost entirely by a surge in development activity in the multifamily and single-family housing markets.

In more evidence that the single-family housing recovery is strengthening, U.S. builders in October started construction on the most homes and apartments since July 2008, according to Commerce...









Scrapped IPO, $16B Archstone Sale Underscores Market Twists and Turns For Apartment Investors



Even as Archstone was filing its latest plans last week with the SEC for what would have been the largest real estate IPO in history, its owner, bankrupt investment banking firm Lehman Brothers Holdings Inc., was quietly negotiating the apartment giant's sale to two of the nation’s largest multifamily REITs.

In a post-Thanksgiving surprise this week, Equity Residential (NYSE: EQR) and AvalonBay Communities, Inc. (NYSE: AVB) agreed to buy Archstone...






More Multifamily REITs Looking Beyond Primary Markets




National Commercial Real Estate News From CoStar Group





More Multifamily REITs Looking Beyond Primary Markets



When deciding whether to let their money ride on Washington, DC, or Baltimore, MD, Home Properties is going with Baltimore.

When deciding whether job growth will be stronger in larger or smaller markets, Mid-America Apartment Communities is seeing the secondary markets doing better.

And in the New York City MSA, AvalonBay Communities increasingly sees better investment opportunities in the outlying markets in Connecticut, Westchester County...









Penn National Gaming Betting on REIT Structure



Penn National Gaming Inc. intends to pursue a plan to separate its gaming operating assets and real estate property assets into two publicly traded companies. The plan will result in the formation of an operating entity, Penn National Gaming (“PNG”), and, through a tax-free spin-off of its real estate assets to holders of PENN common stock, a newly formed, publicly traded real estate investment trust (REIT).

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Major Canadian REIT Planning To Expand U.S. Property Holdings



Agellan Commercial Real Estate Investment Trust, another in a growing list of Canadian-based investors, filed plans in Toronto for the initial public offering of trust units in Canada.

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Agellan said it was forming the REIT to own and operate a diversified portfolio of industrial, office and retail properties in the United States and Canada, although it has not yet determined how much it will seek...









Facility Closures & Downsizings: Hostess Wind-Down a Wind-Up for Other Bakeries



After winning bankruptcy court approval to close down its business, Hostess Brands began the process of shuttering its 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores resulting in the loss of 18,500 jobs.

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Among other provisions, the court order provides Hostess Brands with added liquidity through an amended debtor-in-possession financing agreement...






Shorenstein Properties Pays $205.5M for Minneapolis City Center




National Commercial Real Estate News From CoStar Group





Shorenstein Properties Pays $205.5M for Minneapolis City Center



Shorenstein Properties LLC acquired the 33 South Sixth office building in Minneapolis, MN for $205.5 million, or about $153 per square foot, from Brookfield Office Properties, Inc. (NYSE: BPO).

The 50-story, 1.35 million-square-foot, class A office building, which was delivered in 1983 and renovated in 2005, is located at 33 S 6th Street at Minneapolis City Center. Target Corp. anchors the building with 72 percent of the office space. The deal...









Citadel Renews 222,416 SF in Downtown Chicago



Citadel LLC, a financial services provider, signed a long-term renewal for its headquarters in Chicago's Central Loop. The firm will take the top six floors of Citadel Center, which amounts to 222,416 square feet at 131 S. Dearborn St.

Developed in 2003, the 39-story, Class A office building totals 1.5 million square feet at the intersection of Dearborn and Adams streets. Aside from housing Citadel, other major tenants include JP Morgan Chase...






Raintree Partners Acquires $60M Multifamily Community




California





Raintree Partners Acquires $60M Multifamily Community



VENTURA, CA-The firm was attracted to Archstone's Ventura Colony because of its location—it is within walking distance of high-end retail, a block from the entrance to the 101 Freeway.






Raintree Partners Acquires $60M Multifamily Community




California





Raintree Partners Acquires $60M Multifamily Community



VENTURA, CA-The firm was attracted to Archstone's Ventura Colony because of its location—it is within walking distance of high-end retail, a block from the entrance to the 101 Freeway.






L3C Capital Closes on $115M Multifamily Portfolio




National Commercial Real Estate News From CoStar Group





L3C Capital Closes on $115M Multifamily Portfolio



L3C Capital Partners LLC and Harbor Group International (HGI) LLC have acquired a St. Louis multifamily portfolio totaling 1,447 units for $115 million, or about $79,000 per door, from DRA Advisors LLC and the Camden Property Trust.

The four multifamily communities were built in 1970s and 1980s and boast an average occupancy of nearly 96 percent. They include:
Cedar Lakes - 420 units at 36 Cedar Circle Dr. in Lake Saint Louis, MO
Cove West...









Brickman Completes Sale of Boston Office Portfolio



Brickman Real Estate completed its disposition of multiple office properties in Boston's Seaport Market to DivcoWest Properties for $106.7 million.

The 363,000-square-foot portfolio was built from 1888 and 1904 and consists of: 300 A St., a five-story, 99,154-square-foot, Class A office building;
313 Congress St., a six-story, 70,241-square-foot, Class B structure;
330 Congress St., a six-story, 35,958-square-foot, Class B property;
51 Sleeper...









Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Law Firms in Driver's Seat in Renter's Market




California





Law Firms in Driver's Seat in Renter's Market



LOS ANGELES-With the office sector still sluggish, Los Angeles is being dubbed one of the top markets for law firms in the country.







National





Case-Shiller's Rise Signals Housing Rebound



NEW YORK CITY-The quarterly increase in single-family home prices marked the best showing for this metric since the second quarter of 2010, S&P Dow Jones Indices said Tuesday.








Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Porsche Breaks Ground On North American HQ




National Commercial Real Estate News From CoStar Group





Porsche Breaks Ground On North American HQ



Porsche Cars North America broke ground on the automaker's 26.4-acre North American headquarters at Aerotropolis Atlanta, the redeveloped former Ford Motor Co. assembly plant in Hapeville, GA.

Georgia Gov. Nathan Deal, Porsche President and Chief Executive Officer Detlev von Platen and other officials attended a groundbreaking for the plant first reported by CoStar when it was first announced in May 2011. The plant that will employ 400 workers...









Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Tuesday, November 27, 2012

Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Jones Lang LaSalle Names New CEO for Americas




National Commercial Real Estate News From CoStar Group





Jones Lang LaSalle Names New CEO for Americas



Peter Roberts, Jones Lang LaSalle's chief executive officer for the Americas, will assume a new role as chief strategy officer. He will be succeeded by the firm's current chief operating and financial officer, Lauralee Martin.

Roberts has served as CEO of the firm's largest business unit for the past 10 years. The two executives will assume their new roles at year-end.

Martin joined the firm as chief financial officer in 2002 after leadership...









Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Richman Group Closes $186M Fund




National





Richman Group Closes $186M Fund



GREENWICH, CT-The properties acquired through USA Institutional Tax Credit Fund LXXXVIII LP will add nearly 1,700 multifamily and senior housing units to Richman's portfolio.











Equity, AvalonBay Launch Stock Sales to Fund Archstone Buy



NEW YORK CITY-As part of a deal that Lehman's Owen Thomas calls "a very positive outcome for our creditors," the two REITs will provide a combined $3.8 billion in common stock to the estate of the onetime investment banking giant.











Store Closings Haven't Stopped



There might not be a lot of store closures being announced right now, but that doesn't mean they're not happening says DJM Realty CEO Mark Dufton (above), whose firm is exhibiting next week during ICSC New York in the Hilton's Americas Hall 1 Booth #362.








Conceptus Leases 73,000 SF at Murphy Crossing




California





Conceptus Leases 73,000 SF at Murphy Crossing



MILPITAS, CA-Conceptus Inc., a non-surgical birth control device maker, is moving to Milpitas.









Brown and Jordan Leases Retail Space at South Coast Collection



COSTA MESA, CA-South Coast Collection, a 300,000-square-foot retail center in Costa Mesa, is getting new retail tenants.







National





Martin, Roberts Take on New Leadership Roles at JLL



CHICAGO-Peter Roberts becomes chief strategy officer while Lauralee Martin takes on the role of Americas CEO.











RLJ Lodging Secures $700M Credit Facility



BETHESDA, MD-The unsecured credit facility is expandable to $1.2 billion.








Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Prudential Sells Island Center, Waterford Plaza for $85.5M




National Commercial Real Estate News From CoStar Group





Prudential Sells Island Center, Waterford Plaza for $85.5M



Prudential Real Estate Investors have sold the Island Center and Waterford Plaza office buildings on prestigious Rocky Point Island in Tampa, FL to Parmenter Realty Partners for $85.5 million, or about $169 per square foot.

Totaling 494,813 square feet, the 12-story, class A office buildings were 85 percent leased at the time of sale to tenants including URS Corp., Cigna Healthcare, GXS Inc., and TCM Bank. Island Center totals 249,797 square feet...









Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






India Conglomerate Takes Major Interest in Plaza Hotel




National





India Conglomerate Takes Major Interest in Plaza Hotel



NEW YORK CITY-A 75% stake in the Plaza Hotel has gone from foreign hands to foreign hands as Sahara India Pariwar closes its bid on the iconic asset.








Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Two Caveats to NAR's Growth Forecast




National





Two Caveats to NAR's Growth Forecast



WASHINGTON, DC-The recovery continues, albeit slowly, but the fiscal cliff and Dodd-Frank could throw it off track, NAR economist Jed Smith tells GlobeSt.com's Erika Morphy.








Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Monday, November 26, 2012

Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






IPO AVERTED: Equity Residential, AvalonBay To Buy Archstone For $6.5B




National Commercial Real Estate News From CoStar Group





IPO AVERTED: Equity Residential, AvalonBay To Buy Archstone For $6.5B



Equity Residential (NYSE: EQR) and AvalonBay Communities, Inc. (NYSE: AVB) have agreed to buy Archstone Enterprise LP from Lehman Brothers Holdings Inc. for $6.5 billion in cash and stock.

EQR will acquire about 60% and AvalonBay will acquire about 40% of the assets and liabilities Archstone, Lehman's single largest asset, under the terms of the transaction expected to close during the first quarter of 2013.

The surprise announcement renders...






Equity, Avalon Bay in $16B Archstone Deal




National





Equity, Avalon Bay in $16B Archstone Deal



NEW YORK CITY-Equity is buying 60% of Archstone's assets and liabilities from locally based Lehman Brothers Holdings, while AvalonBay is adding the remaining 40% to its apartment portfolio.








Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Shopping Center Auctions Move Past Distress




National





Shopping Center Auctions Move Past Distress



Retail real estate auctions are becoming more common with well-performing assets and not just distressed centers.








Shopping Center Auctions Move Past Distress




National





Shopping Center Auctions Move Past Distress



Retail real estate auctions are becoming more common with well-performing assets and not just distressed centers.








W.P. Carey Takes KBR Tower in Houston For $174.6M




National Commercial Real Estate News From CoStar Group





W.P. Carey Takes KBR Tower in Houston For $174.6M



A affiliate of W. P. Carey Inc. has acquired the 40-story KBR Tower office building in Houston's CBD.

CPA®:17 - Global, a non-traded REIT affiliate of publicly traded W.P. Carey (NYSE: WPC), purchased the 1,047,748-square-foot building at 601 Jefferson St. for $174.6 million from an affiliate of Brookfield Office Properties Inc. (NYSE: BPO).

Kellogg Brown & Root, Inc. (KBR), occupies about 900,000 square feet under a net lease with a remaining...









Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Industrial Asset Fetches $16M for Prism JV




California





Industrial Asset Fetches $16M for Prism JV



CITY OF INDUSTRY, CA-The 216,048-square-foot rehabilitated and renovated building here is sold to an ethnic food wholesaler and distributor.









$52M Loan Goes Towards Mixed-Income Build



SAN JOSE, CA-US Bank and St. Anton Partners finance the construction of a new mixed-income multifamily community at the corner of Raleigh Road and Charlotte Drive here in San Jose.






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Carter Validus REIT Acquires $65M Data Center




National Commercial Real Estate News From CoStar Group





Carter Validus REIT Acquires $65M Data Center



Carter Validus Mission Critical REIT, Inc. has acquired the 6 Sigma Center data center at 2000 Kubach Rd. in Philadelphia, PA from CSX Corporation for $65 million, or about $537 per square foot.

The two-story, 121,000-square-foot flex property was built in 1993 on 14 acres in the Greater Northeast Industrial submarket. It was designed specifically to house data center equipment and built to stringent reliability and security standards, which allows...









Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Guggenheim, Pillar Launch Affordable Platform




National





Guggenheim, Pillar Launch Affordable Platform



NEW YORK CITY-The group will oversee financing of affordable multifamily properties through Fannie Mae, FHA and Guggenheim's proprietary life company capital.











Biderman: Life Appetite for 2013 Retail Starts Now



WASHINGTON, DC-Walker & Dunlop is securing some amazing pricing for grocery-anchored retail. Sandor Biderman tells GlobeSt.com's Erika Morphy why.









California





USC Takes Home NAIOP's Challenge This Year



LOS ANGELES-USC team's winning presentation, which beat out UCLA, focused on development of Olympic Commons, a community-oriented and interactive town center, as its solution to the 2012 challenge.









Avison Young Opens Orange County Office



IRVINE, CA-The firm establishes its 20th market outside of Canada as part of its continuing growth and expansion strategy.






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Sunday, November 25, 2012

Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...






Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013




National Commercial Real Estate News From CoStar Group





Live From REITWorld: Pace of Mergers and IPOs Likely to Accelerate in 2013



For all the election season bickering over the pace of the economic recovery during the last four years, this year’s gathering of REIT executives was a decidedly happier and more agreeable place than in 2008 when the REIT industry trade show last met in San Diego.

Back then, attendees were agonizing over whether real estate investment trusts could even survive, let alone thrive, amid the frozen credit flows, plunging stock prices and near collapse...