Friday, December 6, 2013

Despite Demand, Repurposing of Retail to MOB Still Lags


National Real Estate Investor

Despite Demand, Repurposing of Retail to MOB Still Lags

With the expected demand surge for medical office in the next few years, developers such as Duke Realty say a major trend for medical office this year would be the buy-up of vacant retail property for renovation, particularly the ghost buildings that defunct chains vacated due to the recession and obsolescence.

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Affordable Housing Draws Investors

Investors are seeking higher yielding investments, looking far beyond conventional, class-A apartment properties in prime markets. A growing number are bidding for government subsidized affordable housing properties.

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PRESS RELEASE: Heitman Adds to its Real Estate Securities Group


Heitman LLC announced two new personnel appointments designed to support the company in achieving its long-term growth objectives and delivering best-in-class performance to its clients.



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PRESS RELEASE: CBRE Announces Sale of 100 Plaza Drive


Jeffrey Dunne, Kevin Welsh and Brian Schulz, of CBRE's New York Institutional Group, represented Hartz Mountain Industries, Inc. in the sale of 100 Plaza Drive in Secaucus, N.J. for $47 million. The team was also responsible for procuring the buyer, Harbor Group.



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PRESS RELEASE: San Diego-Based Pathfinder Partners, LLC Acquires Florera Condominiums near Seattle’s Green Lake Park


Continuing to expand its multifamily portfolio in the Seattle area, Pathfinder Partners, LLC, announced that it has acquired the remaining unsold inventory of the Florera Condominiums, a four-story, 37,000-sq.-ft. mixed use condominium project five miles north of downtown.



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