Wednesday, March 20, 2013

Cost-Conscious Insurers See Little Risk In Moving Back Office Operations To Sunbelt, 'Burbs




National Commercial Real Estate News From CoStar Group





Cost-Conscious Insurers See Little Risk In Moving Back Office Operations To Sunbelt, 'Burbs



After decades of operating claims and administrative operations in numerous local and regional offices across the nation, State Farm Insurance, the venerable mutual insurance and financial services firm founded in 1922, is embracing technology - and with it, consolidation.

"Over the past 10 years, advances in technology have brought profound changes to both our business and our customer expectations as access to broadband and a growing array of...









Multifamily Finance Industry Caught By Surprise In Govt.'s Rollback of Fannie-Freddie Lending



Plans by the federal agency overseeing mortgage giants Fannie Mae and Freddie Mac to scale back multifamily lending by about 10% this year have been met with concern and some alarm by the apartment industry.

That's little wonder, given that the two government-sponsored enterprises (GSEs) provide nearly half of all U.S. multifamily mortgage origination volume, even as they have lingered in conservatorship since being taken over by the government...









U.S. Lodging Growth Continues Despite Federal Economic Malaise



The lodging industry has clearly reversed course since the financial crisis when RevPAR declined by 16.5% in 2009. The U.S. hotel industry is forecast to continue to achieve strong gains in both revenue and profits in 2013, according to the newest industry research.

PKF Hospitality Research LLC is projecting that U.S. hotels will enjoy a 6.1% increase in revenue per available room (RevPAR) for the year, along with a 10.2% boost on the bottom-line...









POWER PLAY: American Realty Makes $9 Billion Offer to Buy Cole Holdings REIT



In a bid to create the largest publicly REIT in the net-lease property sector, American Realty Capital Properties, Inc. (Nasdaq: ARCP) on Wednesday went public with an offer to acquire Cole Credit Property Trust III (CCPT III) for $5.7 billion, or more than $9 billion including assumed debt.

ARCP's unsolicited offer comes two weeks after CCPT III announced its own deal to buy-out its external adviser, Cole Holdings Corp, and pursue a listing on...






No comments:

Post a Comment