Selections from Recent Issues
Please review the following headlines:
Retail Building on Vegas Strip Up for Grabs (05/22/2013)
An Angelo, Gordon & Co. partnership is marketing a retail property on the Las Vegas Strip that could fetch about $185 million.
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An Angelo, Gordon & Co. partnership is marketing a retail property on the Las Vegas Strip that could fetch about $185 million.
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Blackstone Keeps Up Industrial Buying Spree (05/15/2013)
Blackstone continues to aggressively pursue industrial investments.
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Blackstone continues to aggressively pursue industrial investments.
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Blackstone Taps Winner of Big Mass. Complex (05/08/2013)
A joint venture between Charles River Realty and National Development has won a bidding contest among high-yield investors for a large office park in suburban Boston.
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A joint venture between Charles River Realty and National Development has won a bidding contest among high-yield investors for a large office park in suburban Boston.
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Back in Demand, Recruiters Look to Expand (05/01/2013)
With recruiting assignments now flowing steadily, many executive search firms serving the real estate sector are looking to expand.
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With recruiting assignments now flowing steadily, many executive search firms serving the real estate sector are looking to expand.
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JP Morgan Snags Midtown NY Office Tower (04/24/2013)
J.P. Morgan Asset Management has agreed to buy a Midtown Manhattan office building from a Boston Properties partnership for close to $470 million.
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J.P. Morgan Asset Management has agreed to buy a Midtown Manhattan office building from a Boston Properties partnership for close to $470 million.
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Blackstone Lands Hyatt Regency in Honolulu (04/17/2013)
In what could be the largest hotel trade of the year, Blackstone has agreed to pay about $450 million for the leasehold interest in the Hyatt Regency Waikiki Beach in Honolulu.
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In what could be the largest hotel trade of the year, Blackstone has agreed to pay about $450 million for the leasehold interest in the Hyatt Regency Waikiki Beach in Honolulu.
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Israeli Firm to Shop HSBC Tower in Manhattan (04/10/2013)
After receiving unsolicited offers, an Israeli investment firm plans to formally market the Midtown Manhattan office tower that serves as the U.S. headquarters of HSBC.
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After receiving unsolicited offers, an Israeli investment firm plans to formally market the Midtown Manhattan office tower that serves as the U.S. headquarters of HSBC.
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Korean Firm Lands Trophy Offices in Chicago (03/27/2013)
Mirae Asset has struck a deal to buy the trophy office tower at 225 West Wacker Drive in Chicago.
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Mirae Asset has struck a deal to buy the trophy office tower at 225 West Wacker Drive in Chicago.
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High-Yield Firm Cashing Out of Office Sector (03/20/2013)
Sticking to its buy-low-and-sell-high formula, repositioning specialist Highridge Partners is set to exit the office market.
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Sticking to its buy-low-and-sell-high formula, repositioning specialist Highridge Partners is set to exit the office market.
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Recruitment of Development Pros on the Rise (03/13/2013)
Job opportunities are opening up for development and redevelopment professionals as real estate investment shops increasingly eye construction as a route to higher returns.
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Job opportunities are opening up for development and redevelopment professionals as real estate investment shops increasingly eye construction as a route to higher returns.
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Exxon Set to List Va. Campus It Will Vacate (03/06/2013)
Exxon Mobil is paving the way to market a massive Northern Virginia office campus that it plans to vacate.
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Exxon Mobil is paving the way to market a massive Northern Virginia office campus that it plans to vacate.
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Brokers Vying for Big Chicago Office Listing (02/27/2013)
The owner of a trophy office tower in Chicago is ready to sell, and brokers are jockeying for the assignment.
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The owner of a trophy office tower in Chicago is ready to sell, and brokers are jockeying for the assignment.
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USAA Is Latest to List Big Industrial Portfolio (02/13/2013)
USAA Real Estate is marketing a 4.9 million-square-foot portfolio of warehouses that could trade for $325 million amid growing investor interest in the industrial sector.
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USAA Real Estate is marketing a 4.9 million-square-foot portfolio of warehouses that could trade for $325 million amid growing investor interest in the industrial sector.
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Dahlstrom’s Exit Complicates Colliers’ Push (02/06/2013)
Until last month, the main challenge that Colliers International faced in building a national capital-markets platform was coordinating regional offices that in the past were only loosely affiliated and rarely collaborated.
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Until last month, the main challenge that Colliers International faced in building a national capital-markets platform was coordinating regional offices that in the past were only loosely affiliated and rarely collaborated.
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Avison’s Expansion Model: Tortoise, Not Hare (01/30/2013)
Avison Young is determined to build a national capital-markets platform in the U.S., but on its own timetable.
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Avison Young is determined to build a national capital-markets platform in the U.S., but on its own timetable.
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By Keeping Rainmakers, Cassidy Gains Leeway (01/23/2013)
In seeking to set up a national capital-markets platform, Cassidy Turley’s best offense has been a good defense.
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In seeking to set up a national capital-markets platform, Cassidy Turley’s best offense has been a good defense.
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Dahlstrom Leaves Senior Position at Colliers (01/16/2013)
Warren Dahlstrom has stepped down as capital-markets chief of Colliers International.
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Warren Dahlstrom has stepped down as capital-markets chief of Colliers International.
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Pension Lists SF Tower With Maturing Leases (01/09/2013)
A pension system is marketing a San Francisco office building with a significant amount of below-market leases coming up for renewal.
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A pension system is marketing a San Francisco office building with a significant amount of below-market leases coming up for renewal.
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Deal Struck for Downtown Chicago Hotel (12/19/2012)
A joint venture has agreed to pay $275 million for the Congress Plaza Hotel in Chicago with an eye towards redeveloping the massive 871-room property.
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A joint venture has agreed to pay $275 million for the Congress Plaza Hotel in Chicago with an eye towards redeveloping the massive 871-room property.
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Macerich Lists 5 Retail Centers Near Seattle (12/12/2012)
A Macerich partnership is planning to market two suburban Seattle malls and three neighboring shopping centers that could fetch a combined $175 million.
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A Macerich partnership is planning to market two suburban Seattle malls and three neighboring shopping centers that could fetch a combined $175 million.
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Red-Hot Houston Sees Blockbuster Office Deal (12/05/2012)
Continuing the record pace of Houston office sales, Invesco Real Estate has agreed to pay Hines about $420 million for the 1.5 million-square-foot Williams Tower.
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Continuing the record pace of Houston office sales, Invesco Real Estate has agreed to pay Hines about $420 million for the 1.5 million-square-foot Williams Tower.
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CBRE Adds Exec to Lead Multi-Family Sales (11/28/2012)
CBRE has tapped former RREEF executive Brian McAuliffe as co-head of its giant multi-family platform.
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CBRE has tapped former RREEF executive Brian McAuliffe as co-head of its giant multi-family platform.
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Value-Added Listings on Rise in DC Suburbs (11/14/2012)
Two more sellers are testing investor appetite for value-added apartment properties in the Northern Virginia suburbs of Washington.
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Two more sellers are testing investor appetite for value-added apartment properties in the Northern Virginia suburbs of Washington.
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Hurricane Aftermath Disrupts NY-NJ Markets (11/07/2012)
Hurricane Sandy’s record storm surge and whipping winds left commercial real estate owners throughout the New York metropolitan area assessing damages and altering plans for marketing and buying properties.
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Hurricane Sandy’s record storm surge and whipping winds left commercial real estate owners throughout the New York metropolitan area assessing damages and altering plans for marketing and buying properties.
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Receiver Showing Kansas City Outlet Center (10/31/2012)
A receiver is shopping a high-end outlet center in Kansas City, Kan., that could fetch about $135 million — nearly 40% less than its value when it was new five years ago.
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A receiver is shopping a high-end outlet center in Kansas City, Kan., that could fetch about $135 million — nearly 40% less than its value when it was new five years ago.
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Archstone Shops DC-Area Rentals With Land (10/24/2012)
Archstone is pitching an apartment property that offers a rare opportunity for additional development in the tight suburban Washington market.
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Archstone is pitching an apartment property that offers a rare opportunity for additional development in the tight suburban Washington market.
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Fifth Avenue Retail Condo Fetches Top Dollar (10/17/2012)
A Swiss luxury-goods company has purchased a prime retail condominium at the St. Regis New York hotel on Fifth Avenue for $375 million — triple what the block of space traded for three years ago.
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A Swiss luxury-goods company has purchased a prime retail condominium at the St. Regis New York hotel on Fifth Avenue for $375 million — triple what the block of space traded for three years ago.
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REIT Carves Big Retail Portfolio Into Pieces (10/10/2012)
After failing to sell a 7 million-square-foot portfolio of Southeast shopping centers in one bundle, Equity One has begun marketing the properties in smaller, more focused groupings.
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After failing to sell a 7 million-square-foot portfolio of Southeast shopping centers in one bundle, Equity One has begun marketing the properties in smaller, more focused groupings.
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Fortress Strikes Deal for BofA Campus in NJ (10/03/2012)
Fortress Investment has tentatively agreed to buy a sprawling New Jersey office campus from Bank of America, which will fully lease it back.
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Fortress Investment has tentatively agreed to buy a sprawling New Jersey office campus from Bank of America, which will fully lease it back.
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Stake in Upscale Florida Retail Center for Sale (09/26/2012)
Oregon Public Employees is marketing its 50% controlling stake in an upscale shopping center in South Florida that is valued at roughly $300 million.
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Oregon Public Employees is marketing its 50% controlling stake in an upscale shopping center in South Florida that is valued at roughly $300 million.
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Capri Marketing 8 Apartment Complexes (09/19/2012)
Fund shop Capri Capital is shopping a well-occupied apartment portfolio valued at about $275 million that has some upside potential.
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Fund shop Capri Capital is shopping a well-occupied apartment portfolio valued at about $275 million that has some upside potential.
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Blackstone Dealing 3 Hilton Hotels in Florida (09/12/2012)
Blackstone is shopping three oceanfront Hilton hotels in Florida that are expected to fetch a combined $250 million.
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Blackstone is shopping three oceanfront Hilton hotels in Florida that are expected to fetch a combined $250 million.
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Premium Pricing Seen for LA Medical Offices (08/22/2012)
A cluster of medical-office buildings is expected to attract eye-popping bids due to its
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A cluster of medical-office buildings is expected to attract eye-popping bids due to its
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Dallas Listings Continue BofA’s Selling Spree (08/15/2012)
Continuing its wave of dispositions, Bank of America is seeking to sell and fully lease back two suburban Dallas office complexes with a combined value of about $200 million.
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Continuing its wave of dispositions, Bank of America is seeking to sell and fully lease back two suburban Dallas office complexes with a combined value of about $200 million.
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L&L Eyes Fund Targeting NY Office Buildings (08/08/2012)
L&L Holding is in preliminary discussions with institutional investors about raising at least $500 million of equity for a fund that would buy New York office properties.
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L&L Holding is in preliminary discussions with institutional investors about raising at least $500 million of equity for a fund that would buy New York office properties.
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Loews Ends Play for Essex House Hotel in NY (08/01/2012)
Loews Hotels & Resorts has dropped out of discussions to buy the Jumeirah Essex House Hotel in Manhattan, a trophy property that has drawn interest from a number of luxury brand operators.
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Loews Hotels & Resorts has dropped out of discussions to buy the Jumeirah Essex House Hotel in Manhattan, a trophy property that has drawn interest from a number of luxury brand operators.
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Beacon Markets 4 Seattle Office Properties (07/25/2012)
As it continues to unwind an overleveraged portfolio, Beacon Capital is shopping four Seattle-area office buildings with an estimated value of about $800 million.
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As it continues to unwind an overleveraged portfolio, Beacon Capital is shopping four Seattle-area office buildings with an estimated value of about $800 million.
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Bulk Sales of Florida Condos Nearing an End (07/18/2012)
The offering of two broken condominium projects in South Florida could be among the last large-scale opportunities due to the region’s housing rebound.
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The offering of two broken condominium projects in South Florida could be among the last large-scale opportunities due to the region’s housing rebound.
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Institutions Turn Sights to Higher-Yield Hotels (07/11/2012)
Select-service hotels are attracting increased interest from institutional investors.
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Select-service hotels are attracting increased interest from institutional investors.
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Brookfield Shops SF Office Condo With Upside (07/04/2012)
Brookfield Asset Management is marketing the office space at 333 Bush Street in San Francisco, the latest in a steady stream of high-profile offerings in the city.
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Brookfield Asset Management is marketing the office space at 333 Bush Street in San Francisco, the latest in a steady stream of high-profile offerings in the city.
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Value-Added Apartments Near DC on Block (06/27/2012)
An Angelo, Gordon & Co. partnership is pitching five Class-B apartment properties in suburban Washington to value-added investors.
Read more.
An Angelo, Gordon & Co. partnership is pitching five Class-B apartment properties in suburban Washington to value-added investors.
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CBRE Shops Suburban Dallas Office Complex (06/20/2012)
CBRE Global Investors is marketing a Dallas-area office property that could attract bids of up to $210 million from core investors.
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CBRE Global Investors is marketing a Dallas-area office property that could attract bids of up to $210 million from core investors.
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Fortress Team Dealing San Francisco Building (06/15/2012)
A Fortress Investment partnership is shopping the office building at 50 Beale Street in San Francisco, where property valuations have rebounded to near-peak levels.
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A Fortress Investment partnership is shopping the office building at 50 Beale Street in San Francisco, where property valuations have rebounded to near-peak levels.
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Madison Avenue Offices Available (06/06/2012)
A joint venture is marketing an office building in Manhattan’s Midtown South submarket, whose prospects are on the upswing.
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A joint venture is marketing an office building in Manhattan’s Midtown South submarket, whose prospects are on the upswing.
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Chicago Retail Building Could Get Top Dollar (06/06/2012)
An Israeli investment firm on a hot streak is poised to turn a big profit on a luxury retail property in Chicago that it scooped up from an overleveraged developer last year.
Read more.
An Israeli investment firm on a hot streak is poised to turn a big profit on a luxury retail property in Chicago that it scooped up from an overleveraged developer last year.
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Hotel Owners Rush to Sell in Sizzling Miami (05/30/2012)
The run-up in values of Miami-area hotels has sent developers and redevelopers racing to cash out of their properties far ahead of what used to be considered the right time to sell.
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The run-up in values of Miami-area hotels has sent developers and redevelopers racing to cash out of their properties far ahead of what used to be considered the right time to sell.
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BofA Maps Sale-Leaseback of Big NJ Campus (05/23/2012)
Continuing its disposition spree, Bank of America wants to sell and fully lease back a New Jersey corporate campus that could command $400 million in what would be the state’s biggest office trade ever.
Read more.
Continuing its disposition spree, Bank of America wants to sell and fully lease back a New Jersey corporate campus that could command $400 million in what would be the state’s biggest office trade ever.
Read more.
Newmark Maps Capital-Markets Expansion (05/16/2012)
His rivals may be skeptical, but Jimmy Kuhn says the merged Newmark Grubb intends to build one of the top capital-markets platforms in the country — and do it within a year.
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His rivals may be skeptical, but Jimmy Kuhn says the merged Newmark Grubb intends to build one of the top capital-markets platforms in the country — and do it within a year.
Read more.
High-Profile Texas Lifestyle Center Out for Bid (05/09/2012)
In what would be the biggest sale of a Texas shopping center in a decade, a developer is marketing a lifestyle center in Arlington that could fetch as much as $210 million.
Read more.
In what would be the biggest sale of a Texas shopping center in a decade, a developer is marketing a lifestyle center in Arlington that could fetch as much as $210 million.
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Morgan Stanley, LPs Map Fund Compromise (05/02/2012)
Morgan Stanley’s decision to pull its roughly one-third share of the capital from a $3 billion open-end fund that it sponsors is likely to result in the spinoff of the vehicle’s management and the division of its assets.
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Morgan Stanley’s decision to pull its roughly one-third share of the capital from a $3 billion open-end fund that it sponsors is likely to result in the spinoff of the vehicle’s management and the division of its assets.
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DC Offices With Leasing Upside on the Block (04/25/2012)
A developer is shopping a Class-A office building near Capitol Hill in Washington that could fetch about $250 million from core-plus investors.
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A developer is shopping a Class-A office building near Capitol Hill in Washington that could fetch about $250 million from core-plus investors.
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Rialto Rapidly Deploys Fund, Maps Follow-Up (04/18/2012)
Less than six months after it closed its debut real estate fund, Rialto Capital is readying a follow-up vehicle with a $1 billion equity goal.
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Less than six months after it closed its debut real estate fund, Rialto Capital is readying a follow-up vehicle with a $1 billion equity goal.
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Shorenstein Snaps Up Boston Office Building (04/04/2012)
What a difference six months made for an office building in Boston’s Seaport District.
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What a difference six months made for an office building in Boston’s Seaport District.
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Ohio Teachers to Pay Top Dollar for SF Tower (03/28/2012)
Ohio State Teachers has agreed to pay $240 million for Foundry Square 1, a fully leased office tower in San Francisco.
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Ohio State Teachers has agreed to pay $240 million for Foundry Square 1, a fully leased office tower in San Francisco.
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Distressed Complex on the Block in Houston (03/21/2012)
A receiver is marketing a distressed retail/office complex in downtown Houston that is expected to trade at a steep discount to its replacement cost.
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A receiver is marketing a distressed retail/office complex in downtown Houston that is expected to trade at a steep discount to its replacement cost.
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EPN Poised for Retail Spree in 2nd-Tier Cities (03/14/2012)
After clearing its shelves with a blockbuster sale to a Blackstone partnership, EPN Group plans to restock by investing up to $1.3 billion in retail properties within 18 months.
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After clearing its shelves with a blockbuster sale to a Blackstone partnership, EPN Group plans to restock by investing up to $1.3 billion in retail properties within 18 months.
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Sitt’s Thor Equities Gearing Up for 3rd Fund (03/07/2012)
Developer Joseph Sitt is paving the way to roll out his next urban-focused real estate fund.
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Developer Joseph Sitt is paving the way to roll out his next urban-focused real estate fund.
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Fund Operators Shift Tactics on First Closes (02/29/2012)
As they solicit capital from still-cautious investors, fund operators are increasingly locking in some equity before launching broad marketing campaigns.
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As they solicit capital from still-cautious investors, fund operators are increasingly locking in some equity before launching broad marketing campaigns.
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Tishman Shops LA Office Tower With Upside (02/22/2012)
Tishman Speyer is pitching a downtown Los Angeles office building as a rare opportunity to acquire a trophy property with upside potential.
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Tishman Speyer is pitching a downtown Los Angeles office building as a rare opportunity to acquire a trophy property with upside potential.
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Manhattan Apartments Return to Peak Prices (02/15/2012)
Investors’ voracious appetites for multi-family buildings in Manhattan are pushing prices and capitalization rates back to market-peak levels.
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Investors’ voracious appetites for multi-family buildings in Manhattan are pushing prices and capitalization rates back to market-peak levels.
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AEW Marketing 650 California Street in SF (02/08/2012)
AEW Capital is shopping a trophy office building in San Francisco’s financial district.
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AEW Capital is shopping a trophy office building in San Francisco’s financial district.
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Value-Added Rental Buildings Listed Near DC (02/01/2012)
Two large apartment complexes in suburban Washington have hit the market in what may be a harbinger of value-added listings to come.
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Two large apartment complexes in suburban Washington have hit the market in what may be a harbinger of value-added listings to come.
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JP Morgan Nabs San Francisco Office Complex (01/25/2012)
In the biggest sale of a California office property since the downturn, J.P. Morgan Asset Management has acquired the sprawling China Basin Landing complex in San Francisco from Calpers for $415 million.
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In the biggest sale of a California office property since the downturn, J.P. Morgan Asset Management has acquired the sprawling China Basin Landing complex in San Francisco from Calpers for $415 million.
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Revamped Office Building Shopped in SoHo (01/18/2012)
A recently renovated office building on the market in Manhattan’s SoHo district could attract bids as high as $130 million — more than twice what it sold for five years ago.
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A recently renovated office building on the market in Manhattan’s SoHo district could attract bids as high as $130 million — more than twice what it sold for five years ago.
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CBRE Fund Shopping Luxury DC Apartments (01/11/2012)
CBRE Global Investors is looking to take advantage of Washington’s booming apartment market by selling a luxury complex it acquired two years ago.
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CBRE Global Investors is looking to take advantage of Washington’s booming apartment market by selling a luxury complex it acquired two years ago.
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Manhattan Office Listings Hit Speed Bump (12/14/2011)
Several large Manhattan office listings have languished in recent weeks as economic uncertainty and other factors have crimped prices, taking some of the sizzle out of what had been a strong sales market this year.
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Several large Manhattan office listings have languished in recent weeks as economic uncertainty and other factors have crimped prices, taking some of the sizzle out of what had been a strong sales market this year.
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Akridge Dealing Core Office Building in DC (12/07/2011)
(SEE CORRECTON BELOW) A developer is shopping the leasehold interest in a fully occupied office building in Washington’s East End.
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(SEE CORRECTON BELOW) A developer is shopping the leasehold interest in a fully occupied office building in Washington’s East End.
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AREA Checks Out 15 Hotels Owned by FelCor (11/30/2011)
An AREA Property partnership is negotiating to buy a hotel portfolio from FelCor Lodging for roughly $300 million.
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An AREA Property partnership is negotiating to buy a hotel portfolio from FelCor Lodging for roughly $300 million.
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Winthrop Pushing Hard for Big Defaulted Loan (11/16/2011)
Winthrop Realty is seen as the leading bidder for a defaulted loan backed by a landmark office and retail building in Chicago’s East Loop.
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Winthrop Realty is seen as the leading bidder for a defaulted loan backed by a landmark office and retail building in Chicago’s East Loop.
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Luxury Chicago Apartment Tower on Block (11/09/2011)
Hoping to take advantage of the rebounding Chicago apartment market, a partnership is shopping a new luxury high-rise in the Central Loop.
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Hoping to take advantage of the rebounding Chicago apartment market, a partnership is shopping a new luxury high-rise in the Central Loop.
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Colony, Divco Attract Equity Via ‘Sidecars’ (11/01/2011)
Fund shops Colony Capital and DivcoWest Properties have bucked the tough fund-raising market by setting up “sidecar” funds alongside commingled vehicles.
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Fund shops Colony Capital and DivcoWest Properties have bucked the tough fund-raising market by setting up “sidecar” funds alongside commingled vehicles.
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Brookfield Bets on Denver Tower (10/26/2011)
Brookfield Asset Management has agreed to pay more than $200 million for a trophy office tower in Denver that’s about to be vacated.
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Brookfield Asset Management has agreed to pay more than $200 million for a trophy office tower in Denver that’s about to be vacated.
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Demand Soars for Retail Condos in Manhattan (10/19/2011)
Institutional investors are clamoring for retail condominiums in Manhattan.
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Institutional investors are clamoring for retail condominiums in Manhattan.
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Some Big Funds Target Bank Private Clients (10/12/2011)
A few giant fund shops have started supplementing their institutional capital-raising campaigns by soliciting equity from high-end retail clients of Wall Street banks.
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A few giant fund shops have started supplementing their institutional capital-raising campaigns by soliciting equity from high-end retail clients of Wall Street banks.
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Turnover Seen as Early Sign Rebound on Way (10/05/2011)
The turnover of senior real estate executives who focus on strategy or research has been unusually heavy over the past few months, a trend some view as a harbinger of improving conditions for capital-raising and acquisitions.
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The turnover of senior real estate executives who focus on strategy or research has been unusually heavy over the past few months, a trend some view as a harbinger of improving conditions for capital-raising and acquisitions.
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Carlyle Team Lists 2 NY Apartment Parcels (09/28/2011)
A Carlyle Group joint venture is shopping two multi-family development sites on Manhattan’s Upper West Side that could attract bids approaching $400 million.
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A Carlyle Group joint venture is shopping two multi-family development sites on Manhattan’s Upper West Side that could attract bids approaching $400 million.
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Big Office Park Hits Market North of Dallas (09/21/2011)
A developer is shopping a premier office campus in suburban Dallas to core investors, with bids expected to top $480 million.
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A developer is shopping a premier office campus in suburban Dallas to core investors, with bids expected to top $480 million.
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Court Approves Big Rental Offering Near DC (09/14/2011)
A bankruptcy court has given the green light for the listing of a big suburban Washington apartment complex that could be a litmus test for whether soaring valuations in the area will be sustained.
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A bankruptcy court has given the green light for the listing of a big suburban Washington apartment complex that could be a litmus test for whether soaring valuations in the area will be sustained.
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Brookfield Makes Play for Crescent Portfolio (08/17/2011)
A Barclays partnership took bids last week on six office properties owned by its Crescent Real Estate operation, with some investors unexpectedly pursuing the whole portfolio.
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A Barclays partnership took bids last week on six office properties owned by its Crescent Real Estate operation, with some investors unexpectedly pursuing the whole portfolio.
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JP Morgan Strikes Deal for 2 Seattle Towers (08/10/2011)
In this year’s biggest office transaction on the West Coast, J.P. Morgan Asset Management has agreed to buy two new Seattle office towers from developer Schnitzer West for about $475 million.
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In this year’s biggest office transaction on the West Coast, J.P. Morgan Asset Management has agreed to buy two new Seattle office towers from developer Schnitzer West for about $475 million.
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TIAA Shops Half-Interest in Houston Complex (08/03/2011)
TIAA-CREF is looking to sell a 50% stake in a large office complex in Houston, where surging demand for core office properties has led to a flurry of deals.
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TIAA-CREF is looking to sell a 50% stake in a large office complex in Houston, where surging demand for core office properties has led to a flurry of deals.
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Savanna Lands Class-B Manhattan Building (07/27/2011)
Savanna Investment is under contract to pay $130 million for the leasehold interest in a Class-B office building near Madison Square Garden in Manhattan.
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Savanna Investment is under contract to pay $130 million for the leasehold interest in a Class-B office building near Madison Square Garden in Manhattan.
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JP Morgan Buys Stake in 498 Seventh Avenue (07/20/2011)
J.P. Morgan Investment Management last week acquired a 49.9% stake in the virtually fully occupied office building at 498 Seventh Avenue in Manhattan for $205 million.
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J.P. Morgan Investment Management last week acquired a 49.9% stake in the virtually fully occupied office building at 498 Seventh Avenue in Manhattan for $205 million.
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Whitehall Shops Calif. Complex With Upside (07/13/2011)
A Whitehall Street Real Estate fund is pitching a Silicon Valley office complex to both core and core-plus investors.
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A Whitehall Street Real Estate fund is pitching a Silicon Valley office complex to both core and core-plus investors.
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Apollo Making Play for Times Square Hotel (07/06/2011)
A partnership led by Apollo Global Real Estate is circling the Novotel New York Times Square Hotel.
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A partnership led by Apollo Global Real Estate is circling the Novotel New York Times Square Hotel.
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Chetrit Brothers Part Ways, Break Up Company (06/29/2011)
The four Chetrit brothers, who rank among the largest private holders of commercial real estate in Manhattan, have split up.
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The four Chetrit brothers, who rank among the largest private holders of commercial real estate in Manhattan, have split up.
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Vornado Marketing Large Portfolio of Stores (06/22/2011)
Vornado Realty is shopping a 2.4 million-square-foot portfolio of retail assets, mostly big-box stores and supermarkets, that could fetch $270 million.
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Vornado Realty is shopping a 2.4 million-square-foot portfolio of retail assets, mostly big-box stores and supermarkets, that could fetch $270 million.
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Southern California Office Listings Pick Up (06/15/2011)
A cluster of office-property offerings has popped up in Southern California as the market revives from its deep funk.
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A cluster of office-property offerings has popped up in Southern California as the market revives from its deep funk.
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MetLife to Sell Houston Office Stake to ING (06/08/2011)
ING Clarion, acting on behalf of New York Common Fund, has agreed to buy a 50% stake in Houston’s Wells Fargo Plaza from MetLife for $255 million.
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ING Clarion, acting on behalf of New York Common Fund, has agreed to buy a 50% stake in Houston’s Wells Fargo Plaza from MetLife for $255 million.
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Soaring Demand Spurs Big Industrial Listings (06/01/2011)
The number of bidders for industrial properties has exploded this year, fueling big offerings, driving up pricing and pushing opportunistic investors toward off-market deals.
Read more.
The number of bidders for industrial properties has exploded this year, fueling big offerings, driving up pricing and pushing opportunistic investors toward off-market deals.
Read more.
Seized Florida Hotel-Condo Complex Offered (05/25/2011)
Lender Credit Suisse is shopping the luxury Gansevoort Hotel and condominium complex in the trendy South Beach section of Miami Beach.
Read more.
Lender Credit Suisse is shopping the luxury Gansevoort Hotel and condominium complex in the trendy South Beach section of Miami Beach.
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Westbrook Takes Over St. Regis Hotel in DC (05/18/2011)
In its second recent high-profile hotel acquisition, Westbrook Partners last week bought defaulted debt on the St. Regis in Washington from Barclays for about $100 million in cash and immediately foreclosed on the luxury property.
Read more.
In its second recent high-profile hotel acquisition, Westbrook Partners last week bought defaulted debt on the St. Regis in Washington from Barclays for about $100 million in cash and immediately foreclosed on the luxury property.
Read more.
Cap Rates Plummet on Chicago Warehouses (05/11/2011)
Two big industrial deals show how strong demand for stabilized properties is pushing down capitalization rates in the Chicago area, a trend that could spur investors to pursue value-added plays to capture higher yields.
Read more.
Two big industrial deals show how strong demand for stabilized properties is pushing down capitalization rates in the Chicago area, a trend that could spur investors to pursue value-added plays to capture higher yields.
Read more.
Auction Set for Near-Vacant Building in NY (05/04/2011)
A foreclosure auction is planned for a nearly vacant office building in Midtown Manhattan whose condominium-conversion plan fell victim to the market crash.
Read more.
A foreclosure auction is planned for a nearly vacant office building in Midtown Manhattan whose condominium-conversion plan fell victim to the market crash.
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Class-B Rental Package for Sale in Manhattan (04/20/2011)
Seven apartment properties in northern Manhattan neighborhoods are being pitched to value-added investors.
Read more.
Seven apartment properties in northern Manhattan neighborhoods are being pitched to value-added investors.
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Savills, Ex-Lehman Pros Form Joint Venture (04/13/2011)
Savills has teamed up with a company that includes former Lehman Brothers real estate chief Mark Walsh to form a joint venture that will manage debt and equity investments for third-party clients in North America.
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Savills has teamed up with a company that includes former Lehman Brothers real estate chief Mark Walsh to form a joint venture that will manage debt and equity investments for third-party clients in North America.
Read more.
Simon Offering 4 Malls in Florida, Tennessee (04/06/2011)
In one of the largest retail offerings since the market downturn, Simon Property is marketing four malls in Florida and Tennessee that are carried on its books at a combined value of about $350 million.
Read more.
In one of the largest retail offerings since the market downturn, Simon Property is marketing four malls in Florida and Tennessee that are carried on its books at a combined value of about $350 million.
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Westcore Seeks Big Profit on HP Warehouses (03/30/2011)
A Southern California industrial property, fully leased to Hewlett-Packard, is on the market with an expected price of $100 million — almost quadruple what a Westcore Properties partnership paid to acquire it vacant last year.
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A Southern California industrial property, fully leased to Hewlett-Packard, is on the market with an expected price of $100 million — almost quadruple what a Westcore Properties partnership paid to acquire it vacant last year.
Read more.
Big Southeast Apartment Portfolio on Block (03/23/2011)
In one of the largest non-distressed multi-family offerings since the downturn, a developer is marketing six complexes in South Carolina, Georgia and Tennessee.
Read more.
In one of the largest non-distressed multi-family offerings since the downturn, a developer is marketing six complexes in South Carolina, Georgia and Tennessee.
Read more.
Deutsche Shops Troubled NY Apartment Debt (03/16/2011)
Deutsche Bank is offering $150 million of distressed subordinate debt on a massive apartment complex in the Tribeca section of Manhattan.
Read more.
Deutsche Bank is offering $150 million of distressed subordinate debt on a massive apartment complex in the Tribeca section of Manhattan.
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UBS Shops Defaulted Loan on NY Condo Site (03/09/2011)
UBS is shopping a defaulted $30.5 million loan on a Manhattan site slated for the development of a luxury condominium building.
Read more.
UBS is shopping a defaulted $30.5 million loan on a Manhattan site slated for the development of a luxury condominium building.
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Savills Recruits 3 Advisors, Opens 2 Offices (03/02/2011)
Savills, the London brokerage and advisory firm, is expanding its U.S. operation in anticipation of an influx of foreign investment capital.
Read more.
Savills, the London brokerage and advisory firm, is expanding its U.S. operation in anticipation of an influx of foreign investment capital.
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2 Office Listings Test Soft Market in Dallas (02/23/2011)
Separate owners are testing investor demand for properties in Dallas’ struggling central business district by offering two big office complexes.
Read more.
Separate owners are testing investor demand for properties in Dallas’ struggling central business district by offering two big office complexes.
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UBS Fund to Shop Giant Industrial Portfolio (02/16/2011)
Seeking to exploit rising demand for large industrial portfolios, a UBS fund plans to offer 15 net-leased warehouses valued at upward of $450 million.
Read more.
Seeking to exploit rising demand for large industrial portfolios, a UBS fund plans to offer 15 net-leased warehouses valued at upward of $450 million.
Read more.
Buyers Snap Up 2 More San Francisco Hotels (02/09/2011)
The upswing in San Francisco hotel sales that started late last year has gained momentum with two more deals.
Read more.
The upswing in San Francisco hotel sales that started late last year has gained momentum with two more deals.
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GE, L&L Marketing Stake in 195 Broadway (02/02/2011)
A joint venture between GE Pension Trust and L&L Holding is seeking to recapitalize the office building at 195 Broadway in Lower Manhattan.
Read more.
A joint venture between GE Pension Trust and L&L Holding is seeking to recapitalize the office building at 195 Broadway in Lower Manhattan.
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SL Green Marketing Midtown NY Building (01/26/2011)
S.L. Green is shopping a Midtown Manhattan office building that could attract bids of roughly $150 million.
Read more.
S.L. Green is shopping a Midtown Manhattan office building that could attract bids of roughly $150 million.
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DC Tower Could Attract Bids of $200 Million (01/19/2011)
Another high-end office building is on the block in the red-hot Washington market.
Read more.
Another high-end office building is on the block in the red-hot Washington market.
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Goldman, Moinian to Shop 245 Fifth Avenue (01/12/2011)
A joint venture between Goldman Sachs and developer Joseph Moinian is preparing to market an office building in the Madison Square section of Manhattan.
Read more.
A joint venture between Goldman Sachs and developer Joseph Moinian is preparing to market an office building in the Madison Square section of Manhattan.
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Exeter Mapping $500 Million Industrial Fund (01/05/2011)
Exeter Property, which has actively acquired industrial buildings over the past couple of years, is seeking to raise up to $500 million of equity for its second value-added fund.
Read more.
Exeter Property, which has actively acquired industrial buildings over the past couple of years, is seeking to raise up to $500 million of equity for its second value-added fund.
Read more.
Syndicate to Shop Defaulted NY Office Loan (12/15/2010)
A German bank syndicate is about to market a $116 million defaulted loan on the office building at 1140 Avenue of the Americas in Midtown Manhattan.
Read more.
A German bank syndicate is about to market a $116 million defaulted loan on the office building at 1140 Avenue of the Americas in Midtown Manhattan.
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Pru Seeks Partners to Build Trophy Mall in NJ (12/08/2010)
A Prudential Real Estate Investors partnership is seeking a developer and an equity partner to join forces on a super-luxury mall in suburban New York that could cost up to $1 billion to build.
Read more.
A Prudential Real Estate Investors partnership is seeking a developer and an equity partner to join forces on a super-luxury mall in suburban New York that could cost up to $1 billion to build.
Read more.
Big Midwest Industrial Portfolio Up for Grabs (12/01/2010)
In one of the biggest industrial listings in the Midwest since the downturn, a partnership is offering a core portfolio that could attract bids of about $165 million.
Read more.
In one of the biggest industrial listings in the Midwest since the downturn, a partnership is offering a core portfolio that could attract bids of about $165 million.
Read more.
High-Yield Plays Start to Revive in DC Area (11/17/2010)
The strong demand for core office properties in the Washington area is starting to spill over to higher-yield plays.
Read more.
The strong demand for core office properties in the Washington area is starting to spill over to higher-yield plays.
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Brookfield Snares Big Houston Office Tower (11/10/2010)
Brookfield Office Properties has agreed to buy Heritage Plaza in downtown Houston for about $325 million in one of the biggest office trades in the city's history.
Read more.
Brookfield Office Properties has agreed to buy Heritage Plaza in downtown Houston for about $325 million in one of the biggest office trades in the city's history.
Read more.
CB Mulls Its Options for Replacing Vorwaller (11/03/2010)
The surprise departure of senior executive Greg Vorwaller is prompting CB Richard Ellis to weigh whether to divide up his former duties.
Read more.
The surprise departure of senior executive Greg Vorwaller is prompting CB Richard Ellis to weigh whether to divide up his former duties.
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Editor David Mark Dead of Leukemia at 42 (10/27/2010)
David R. Mark, the longtime managing editor of Real Estate Alert, passed away on Saturday from complications from his second bout with leukemia.
Read more.
David R. Mark, the longtime managing editor of Real Estate Alert, passed away on Saturday from complications from his second bout with leukemia.
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Lubert-Adler Exec Joins Private Equity Shop (10/20/2010)
A top executive has left fund shop Lubert-Adler to bring his real estate expertise to Versa Capital, a private equity firm that invests in distressed companies, many with substantial property holdings.
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A top executive has left fund shop Lubert-Adler to bring his real estate expertise to Versa Capital, a private equity firm that invests in distressed companies, many with substantial property holdings.
Read more.
Invesco Buys DC Building for $220 Million (10/13/2010)
In one of the biggest deals in Washington this year, Invesco Real Estate last week acquired a fully leased office building near the White House from a Shorenstein Properties partnership for about $220 million.
Read more.
In one of the biggest deals in Washington this year, Invesco Real Estate last week acquired a fully leased office building near the White House from a Shorenstein Properties partnership for about $220 million.
Read more.
Garrison Seeks to Seize 4 Buildings Near DC (10/06/2010)
Mezzanine lender Garrison Investment is moving to take control of a struggling 514,000-square-foot office portfolio in suburban Washington.
Read more.
Mezzanine lender Garrison Investment is moving to take control of a struggling 514,000-square-foot office portfolio in suburban Washington.
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USAA Strikes Deal for Suburban DC Complex (09/29/2010)
In one of the biggest deals this year in the Washington area, USAA Real Estate has agreed to pay $240 million for a Northern Virginia office complex.
Read more.
In one of the biggest deals this year in the Washington area, USAA Real Estate has agreed to pay $240 million for a Northern Virginia office complex.
Read more.
Fund Performance Picked Up in First Quarter (09/22/2010)
High-yield funds posted their strongest returns in the first quarter since the market nosedived.
Read more.
High-yield funds posted their strongest returns in the first quarter since the market nosedived.
Read more.
Piedmont, Broadway Battle for Chicago Tower (09/15/2010)
Piedmont Office Realty's effort to wrest control of the distressed office building at 500 West Monroe Street in Chicago from Broadway Partners hit a speed bump this week.
Read more.
Piedmont Office Realty's effort to wrest control of the distressed office building at 500 West Monroe Street in Chicago from Broadway Partners hit a speed bump this week.
Read more.
After Sale Fades, Exeter Lists Bigger Pool (08/25/2010)
Exeter Property could attract bids of up to $225 million for 17 industrial properties, including seven that Welsh Cos. backed out of buying last month when its planned IPO failed to get off the ground.
Read more.
Exeter Property could attract bids of up to $225 million for 17 industrial properties, including seven that Welsh Cos. backed out of buying last month when its planned IPO failed to get off the ground.
Read more.
Big Texas Warehouse Portfolio Up for Grabs (08/18/2010)
Granite Properties is gearing up to market a Texas industrial/flex portfolio that could attract bids of up to $170 million.
Read more.
Granite Properties is gearing up to market a Texas industrial/flex portfolio that could attract bids of up to $170 million.
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Angelo Gordon Flips Loan, Nets Hefty Profit (08/11/2010)
An Angelo, Gordon & Co. partnership earned a 50% nominal return by flipping a mortgage on a suburban Washington apartment complex just one month after acquiring it from Wells Fargo.
Read more.
An Angelo, Gordon & Co. partnership earned a 50% nominal return by flipping a mortgage on a suburban Washington apartment complex just one month after acquiring it from Wells Fargo.
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JP Morgan Deal Reflects Seattle-Area Interest (08/04/2010)
A J.P. Morgan fund has paid about $310 million for a coveted office tower and an apartment building in the Seattle area, a sale that underscores investors' hunger for high-quality real estate in that market.
Read more.
A J.P. Morgan fund has paid about $310 million for a coveted office tower and an apartment building in the Seattle area, a sale that underscores investors' hunger for high-quality real estate in that market.
Read more.
RREEF Recapitalizes $1.6 Billion Global Fund (07/28/2010)
The limited partners of a cash-starved $1.6 billion fund that RREEF launched more than four years ago have pumped in $100 million of additional capital to support the existing investments.
Read more.
The limited partners of a cash-starved $1.6 billion fund that RREEF launched more than four years ago have pumped in $100 million of additional capital to support the existing investments.
Read more.
Walton Street Shops Stake in DC Apartments (07/21/2010)
A Walton Street Capital partnership is looking to recapitalize a new luxury apartment building in Washington that has an estimated value of at least $200 million.
Read more.
A Walton Street Capital partnership is looking to recapitalize a new luxury apartment building in Washington that has an estimated value of at least $200 million.
Read more.
Madison Expands Focus to Distressed Plays (07/14/2010)
Madison Capital, which for most of the past decade has focused on buying core properties in New York, has formed a unit to target distressed assets in several regions.
Read more.
Madison Capital, which for most of the past decade has focused on buying core properties in New York, has formed a unit to target distressed assets in several regions.
Read more.
Vacant Silicon Valley Campus Hits Market (07/07/2010)
Pharmaceutical giant Roche is marketing the leasehold interest in its soon-to-be vacant Silicon Valley campus, which could attract bids of about $400 million.
Read more.
Pharmaceutical giant Roche is marketing the leasehold interest in its soon-to-be vacant Silicon Valley campus, which could attract bids of about $400 million.
Read more.
HEI Could Fetch $400 Million for 4 Hotels (06/30/2010)
Fund operator HEI Hotels is marketing four full-service hotels valued at about $400 million.
Read more.
Fund operator HEI Hotels is marketing four full-service hotels valued at about $400 million.
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'Volcker Rule' Would Shift Fund Landscape (06/23/2010)
The financial reform legislation before Congress could force three of the largest operators of U.S. real estate funds out of the business, but changes would likely unfold slowly.
Read more.
The financial reform legislation before Congress could force three of the largest operators of U.S. real estate funds out of the business, but changes would likely unfold slowly.
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GoldenTree's Fund Group Ready to Go Solo (06/16/2010)
GoldenTree Asset Management is spinning off its real estate fund group.
Read more.
GoldenTree Asset Management is spinning off its real estate fund group.
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Honeywell Lists Office Complex in DC Area (06/09/2010)
A joint venture led by Honeywell International's corporate pension fund is shopping a suburban Washington office complex that could command bids of roughly $160 million.
Read more.
A joint venture led by Honeywell International's corporate pension fund is shopping a suburban Washington office complex that could command bids of roughly $160 million.
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Walton Street to Sell Mall Stake to Partners (06/02/2010)
Simon Property and a Calpers partnership will take full ownership of the Houston Galleria by acquiring Walton Street Capital's 37.5% stake in a deal that values the trophy mall at roughly $1.65 billion.
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Simon Property and a Calpers partnership will take full ownership of the Houston Galleria by acquiring Walton Street Capital's 37.5% stake in a deal that values the trophy mall at roughly $1.65 billion.
Read more.
Defections Leave Holes in Cushman Network (05/26/2010)
As the investment-sales market finally begins to show signs of thawing, Cushman & Wakefield may find itself in a struggle to retain market share.
Read more.
As the investment-sales market finally begins to show signs of thawing, Cushman & Wakefield may find itself in a struggle to retain market share.
Read more.
Big Rental Complex on Block in South Florida (05/19/2010)
A partnership between California State Teachers and Heitman has launched the largest offering of a stabilized apartment property in South Florida since the market tanked in 2007.
Read more.
A partnership between California State Teachers and Heitman has launched the largest offering of a stabilized apartment property in South Florida since the market tanked in 2007.
Read more.
After a Bleak Year, Hiring Starts to Perk Up (05/12/2010)
Executive recruiters are starting to see a pick up in hiring following one of the most dismal years on record in the commercial real estate industry.
Read more.
Executive recruiters are starting to see a pick up in hiring following one of the most dismal years on record in the commercial real estate industry.
Read more.
Bainbridge Eyes Multi-Family Buying Spree (05/05/2010)
Bainbridge Cos., which has been on the sidelines for more than two years, plans to buy about $1 billion of multi-family properties in Florida and the Washington, D.C., area over the next year.
Read more.
Bainbridge Cos., which has been on the sidelines for more than two years, plans to buy about $1 billion of multi-family properties in Florida and the Washington, D.C., area over the next year.
Read more.
Canadian Pension Seeks US Investment Chief (04/28/2010)
CPP Investment Board, which invests on behalf of Canada Pension Plan, is looking to hire a director to oversee an expansion of its real estate investments in the U.S.
Read more.
CPP Investment Board, which invests on behalf of Canada Pension Plan, is looking to hire a director to oversee an expansion of its real estate investments in the U.S.
Read more.
Pension Portfolios Fell by 24% Last Year (04/21/2010)
Real Estate Alert's annual review of public pension systems has documented just how big a toll the economic downturn took last year: The 50 largest plans saw their real estate portfolios plunge in value by a whopping 24% on average.
Read more.
Real Estate Alert's annual review of public pension systems has documented just how big a toll the economic downturn took last year: The 50 largest plans saw their real estate portfolios plunge in value by a whopping 24% on average.
Read more.
Hines May Sell Stake in Building to Partner (04/14/2010)
A Hines partnership has asked brokers to estimate the value of the office tower at 717 Texas Avenue in Houston, likely setting the stage for a recapitalization.
Read more.
A Hines partnership has asked brokers to estimate the value of the office tower at 717 Texas Avenue in Houston, likely setting the stage for a recapitalization.
Read more.
Karasick Group Shops Chicago Office Tower (04/07/2010)
A partnership led by investor Mark Karasick is marketing a Chicago office tower with a large assumable loan.
Read more.
A partnership led by investor Mark Karasick is marketing a Chicago office tower with a large assumable loan.
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Trecap Taps Former Lehman Exec McNamara (03/31/2010)
Trecap Partners, which made a splash this month by acquiring Capmark Investments' advisory business, has now made a major hire.
Read more.
Trecap Partners, which made a splash this month by acquiring Capmark Investments' advisory business, has now made a major hire.
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Bank Markets Foreclosed Beverly Hills Parcel (03/24/2010)
(SEE CORRECTION BELOW) A foreclosed Beverly Hills parcel slated for the development of a luxury condominium and retail complex is expected to command less than one-quarter of the price that it traded for two years ago.
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(SEE CORRECTION BELOW) A foreclosed Beverly Hills parcel slated for the development of a luxury condominium and retail complex is expected to command less than one-quarter of the price that it traded for two years ago.
Read more.
Stalled Texas Redevelopment Project Listed (03/17/2010)
Investment firm PNL Cos. is marketing a stalled 875,000-square-foot redevelopment project in Fort Worth, Texas.
Read more.
Investment firm PNL Cos. is marketing a stalled 875,000-square-foot redevelopment project in Fort Worth, Texas.
Read more.
Family Shops 3 Hotels in San Francisco Area (03/10/2010)
A family business is offering three boutique hotels in the San Francisco area that have a combined value of about $110 million.
Read more.
A family business is offering three boutique hotels in the San Francisco area that have a combined value of about $110 million.
Read more.
Phoenix Apartment Sector Starting to Revive (03/03/2010)
Phoenix, one of the nation's most-battered apartment markets, is showing signs of life.
Read more.
Phoenix, one of the nation's most-battered apartment markets, is showing signs of life.
Read more.
Empire Faces Cash Squeeze on Apartments (02/24/2010)
Ezra Beyman's Empire Assets Group is under pressure from lenders on 14 of its apartment properties.
Read more.
Ezra Beyman's Empire Assets Group is under pressure from lenders on 14 of its apartment properties.
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CB Wins Composite Ranking in Dismal Year (02/17/2010)
CB Richard Ellis last year retained its position as the nation's most-active brokerage across the five major property types, but a catastrophic drop in sales activity stole the luster from its crown.
Read more.
CB Richard Ellis last year retained its position as the nation's most-active brokerage across the five major property types, but a catastrophic drop in sales activity stole the luster from its crown.
Read more.
Warner Shopping Four Seasons Hotel in NY (02/10/2010)
Investor Ty Warner is quietly marketing the trophy Four Seasons hotel in Midtown Manhattan.
Read more.
Investor Ty Warner is quietly marketing the trophy Four Seasons hotel in Midtown Manhattan.
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Starwood-FDIC Team Pulls Condo Offering (02/03/2010)
A Starwood Capital-FDIC partnership has dropped its offering of a California condominium project inherited from the failed Corus Bank and will instead finish the complex itself and then seek to sell the units.
Read more.
A Starwood Capital-FDIC partnership has dropped its offering of a California condominium project inherited from the failed Corus Bank and will instead finish the complex itself and then seek to sell the units.
Read more.
DRA Office Portfolio Facing Cash Squeeze (01/27/2010)
A DRA Advisors fund is at risk of losing 16 office buildings it inherited via the 2005 takeover of CRT Properties.
Read more.
A DRA Advisors fund is at risk of losing 16 office buildings it inherited via the 2005 takeover of CRT Properties.
Read more.
Distressed Apartments Near Block in Vegas (01/20/2010)
Five distressed senior-housing properties in Las Vegas are headed to market, and four others could be on the way.
Read more.
Five distressed senior-housing properties in Las Vegas are headed to market, and four others could be on the way.
Read more.
TIAA Fund Markets Trophy Dallas Complex (01/13/2010)
A TIAA-CREF fund is selectively shopping a Dallas office property valued at up to $210 million.
Read more.
A TIAA-CREF fund is selectively shopping a Dallas office property valued at up to $210 million.
Read more.
3 Brokerages Seek to Bolster NY Operations (01/06/2010)
Colliers Pinkard, Holliday Fenoglio Fowler and Jones Lang LaSalle are each aiming to bulk up their New York investment-sales teams, leading some to speculate that another round of musical chairs may be in the offing for top brokers.
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Colliers Pinkard, Holliday Fenoglio Fowler and Jones Lang LaSalle are each aiming to bulk up their New York investment-sales teams, leading some to speculate that another round of musical chairs may be in the offing for top brokers.
Read more.
Lightstone Malls Trading at Sharp Discounts (12/16/2009)
Special servicer J.E. Robert Cos. has struck bargain-basement sales agreements for four Lightstone Group malls in foreclosure proceedings.
Read more.
Special servicer J.E. Robert Cos. has struck bargain-basement sales agreements for four Lightstone Group malls in foreclosure proceedings.
Read more.
Brokers Pitch Vacant Buildings to End-Users (12/09/2009)
With many opportunistic real estate investors on the sidelines, brokers are increasingly pitching empty or mostly vacant office properties to end-users.
Read more.
With many opportunistic real estate investors on the sidelines, brokers are increasingly pitching empty or mostly vacant office properties to end-users.
Read more.
Murray Hill Lining Up Partners for Recaps (12/02/2009)
Murray Hill Properties is making headway in its effort to recapitalize an overleveraged Manhattan office building, as it continues to seek a partner for another building in the city.
Read more.
Murray Hill Properties is making headway in its effort to recapitalize an overleveraged Manhattan office building, as it continues to seek a partner for another building in the city.
Read more.
Hawkeye Prepping 2nd Seed-Capital Fund (11/18/2009)
Hawkeye Partners has begun informally talking to institutional investors about plans for its second seed-capital fund, which could seek to raise more than $1 billion of equity.
Read more.
Hawkeye Partners has begun informally talking to institutional investors about plans for its second seed-capital fund, which could seek to raise more than $1 billion of equity.
Read more.
'Green' Fund Pulled Despite Goldman Pledge (11/11/2009)
After two years of marketing, Bond Cos. and Abraham Group have pulled the plug on a planned $350 million vehicle targeting "green" real estate opportunities.
Read more.
After two years of marketing, Bond Cos. and Abraham Group have pulled the plug on a planned $350 million vehicle targeting "green" real estate opportunities.
Read more.
Net-Lease REIT Pursues Institutional Capital (11/04/2009)
Broadstone Real Estate, which initially raised equity from wealthy individuals for a private REIT that invests in triple-net-lease properties, is now reaching out to institutional investors.
Read more.
Broadstone Real Estate, which initially raised equity from wealthy individuals for a private REIT that invests in triple-net-lease properties, is now reaching out to institutional investors.
Read more.
Placement Agents Shift to Advisory Focus (10/28/2009)
With few funds in a capital-raising mode, placement agents have shifted their focus to advising fund operators and their limited partners on how to navigate the troubled real estate market.
Read more.
With few funds in a capital-raising mode, placement agents have shifted their focus to advising fund operators and their limited partners on how to navigate the troubled real estate market.
Read more.
Swig Seeks Partner for Squeezed NY Tower (10/21/2009)
Troubled developer Kent Swig is trying to drum up an equity partner for a Lower Manhattan office building that lost its lead tenant last year.
Read more.
Troubled developer Kent Swig is trying to drum up an equity partner for a Lower Manhattan office building that lost its lead tenant last year.
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Morgan Stanley Walks Away From Crescent (10/14/2009)
Morgan Stanley is preparing to turn the keys to Crescent Real Estate Equities over to a Barclays syndicate and walk away from its disastrously timed $6.5 billion takeover of the REIT.
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Morgan Stanley is preparing to turn the keys to Crescent Real Estate Equities over to a Barclays syndicate and walk away from its disastrously timed $6.5 billion takeover of the REIT.
Read more.
Townsend Clients Join Huge Brookfield Fund (10/07/2009)
Townsend Group, the big real estate consultant, has lined up $500 million of commitments from its long roster of clients for a $5 billion club fund sponsored by Brookfield Asset Management.
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Townsend Group, the big real estate consultant, has lined up $500 million of commitments from its long roster of clients for a $5 billion club fund sponsored by Brookfield Asset Management.
Read more.
Kaufman Maps Buying Spree in Manhattan (09/30/2009)
After sitting on the sidelines for several years, Kaufman Organization plans to spend up to $750 million on Manhattan properties over the next two years.
Read more.
After sitting on the sidelines for several years, Kaufman Organization plans to spend up to $750 million on Manhattan properties over the next two years.
Read more.
GI Allocates $500 Million for Troubled Hotels (09/23/2009)
Buyout specialist GI Partners plans to use up to one-quarter of its new $2 billion fund to acquire distressed hotels and hotel mortgages - its first foray into the sector.
Read more.
Buyout specialist GI Partners plans to use up to one-quarter of its new $2 billion fund to acquire distressed hotels and hotel mortgages - its first foray into the sector.
Read more.
In Hopeful Sign, Some Funds Edge Into Black (09/16/2009)
More than one-quarter of high-yield funds capitalized by U.S. institutional investors managed to post positive returns in the first quarter, a sign that the sector may be close to hitting bottom.
Read more.
More than one-quarter of high-yield funds capitalized by U.S. institutional investors managed to post positive returns in the first quarter, a sign that the sector may be close to hitting bottom.
Read more.
HFF Nabs Houston Apartment Team From CB (08/19/2009)
Holliday Fenoglio Fowler has hired away CB Richard Ellis' multi-family investment-sales team in Houston.
Read more.
Holliday Fenoglio Fowler has hired away CB Richard Ellis' multi-family investment-sales team in Houston.
Read more.
CalSTRS to Step Up Oversight of Holdings (08/12/2009)
California State Teachers plans to take aggressive steps in the coming months to shore up its $13 billion real estate portfolio, whose value has plunged 43% since last summer.
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California State Teachers plans to take aggressive steps in the coming months to shore up its $13 billion real estate portfolio, whose value has plunged 43% since last summer.
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Citigroup Taps 3 Brokerages for Foreclosures (08/05/2009)
Citigroup, one of the nation's biggest commercial real estate lenders, has selected three brokerages to oversee the sale of distressed properties.
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Citigroup, one of the nation's biggest commercial real estate lenders, has selected three brokerages to oversee the sale of distressed properties.
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Charney Group Faces Squeeze on NY Offices (07/29/2009)
The owner of a heavily leveraged office building at 119 West 40th Street in Midtown Manhattan is facing a cash squeeze that could put the property in play.
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The owner of a heavily leveraged office building at 119 West 40th Street in Midtown Manhattan is facing a cash squeeze that could put the property in play.
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SL Green Sells Mezz Loan at 33% Discount (07/22/2009)
A syndicate organized by Deutsche Bank has bought a $95 million mezzanine loan on a Midtown Manhattan office condominium from SL Green at a discount of about 33%, in the latest sign of how far values have dropped even for core properties.
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A syndicate organized by Deutsche Bank has bought a $95 million mezzanine loan on a Midtown Manhattan office condominium from SL Green at a discount of about 33%, in the latest sign of how far values have dropped even for core properties.
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Sterling Lays Off 24, Shelves Planned Fund (07/15/2009)
Sterling Equities has dismissed two dozen employees after dramatically lowering projections for its acquisition activity over the next couple of years.
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Sterling Equities has dismissed two dozen employees after dramatically lowering projections for its acquisition activity over the next couple of years.
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Mezz Lenders Taking Over Cabi Portfolio (07/08/2009)
The senior lenders on a heavily overleveraged California office portfolio have agreed to let four investors convert their mezzanine debt into equity as part of a restructuring that will significantly dilute the $100 million investment of a Calpers-Hines joint venture.
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The senior lenders on a heavily overleveraged California office portfolio have agreed to let four investors convert their mezzanine debt into equity as part of a restructuring that will significantly dilute the $100 million investment of a Calpers-Hines joint venture.
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UBS Puts Out Feelers on Stake in NY Tower (07/01/2009)
UBS is quietly gauging interest in the 50% stake it owns in its Midtown Manhattan headquarters.
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UBS is quietly gauging interest in the 50% stake it owns in its Midtown Manhattan headquarters.
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Murray Hill, in Shift, Plans Solo Purchases (06/24/2009)
Murray Hill Properties plans to shift tactics for its next fund to better position itself to exploit growing distress among Manhattan office owners.
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Murray Hill Properties plans to shift tactics for its next fund to better position itself to exploit growing distress among Manhattan office owners.
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Walsh in Line to Take Over Lehman Funds (06/17/2009)
Mark Walsh is leading a team of Lehman Brothers executives who are close to taking over management of the bankrupt company's property funds, a move that would mark the return of one of Wall Street's biggest real estate dealmakers.
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Mark Walsh is leading a team of Lehman Brothers executives who are close to taking over management of the bankrupt company's property funds, a move that would mark the return of one of Wall Street's biggest real estate dealmakers.
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10 Luxury Canadian, US Hotels Hit Market (06/10/2009)
A division of Caisse de Depot et Placement du Quebec is offering a stake in a portfolio of Fairmont hotels in the U.S. and Canada that is valued at about $2 billion.
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A division of Caisse de Depot et Placement du Quebec is offering a stake in a portfolio of Fairmont hotels in the U.S. and Canada that is valued at about $2 billion.
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Apartment Portfolio Seen as Under Pressure (06/03/2009)
A heavily leveraged mortgage on a 2,990-unit apartment portfolio has been transferred to special servicing, raising questions about whether the owner will be forced to sell or recapitalize the complexes.
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A heavily leveraged mortgage on a 2,990-unit apartment portfolio has been transferred to special servicing, raising questions about whether the owner will be forced to sell or recapitalize the complexes.
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RREEF Mulls Options for Squeezed Projects (05/27/2009)
A RREEF fund is looking to recapitalize at least one troubled project in a bid to salvage its deteriorating development portfolio.
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A RREEF fund is looking to recapitalize at least one troubled project in a bid to salvage its deteriorating development portfolio.
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Cash Hoard at Calpers Could Stem Fire Sales (05/20/2009)
Calpers, whose investments in residential land have gotten clobbered, has built up a sizable nest egg that should spare it from having to dump those holdings at fire-sale prices.
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Calpers, whose investments in residential land have gotten clobbered, has built up a sizable nest egg that should spare it from having to dump those holdings at fire-sale prices.
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Brokerage Consolidation Coming, But How? (05/13/2009)
There's widespread agreement that the sharp market downturn will cause significant consolidation in the brokerage arena, but the absence of natural merger partners may slow the process.
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There's widespread agreement that the sharp market downturn will cause significant consolidation in the brokerage arena, but the absence of natural merger partners may slow the process.
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Harsh Reality Sets In for Some Fund Shops (05/06/2009)
Fund operators are increasingly looking at this year as a wipeout for raising equity.
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Fund operators are increasingly looking at this year as a wipeout for raising equity.
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Lowe Shelves 2 Funds, Delays Close of Third (04/29/2009)
Lowe Enterprises Investment is the latest big-name fund operator to be sidelined by the hostile climate for soliciting equity.
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Lowe Enterprises Investment is the latest big-name fund operator to be sidelined by the hostile climate for soliciting equity.
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Beacon Writedowns Show Depth of Slump (04/22/2009)
Markdowns by two Beacon Capital Partners funds may provide the best indication to date of how far Class-A office values have fallen.
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Markdowns by two Beacon Capital Partners funds may provide the best indication to date of how far Class-A office values have fallen.
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Pension-System Pledges Drop to 4-Year Low (04/15/2009)
The nation's largest public pension systems significantly pulled back on equity commitments to real estate investments last year.
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The nation's largest public pension systems significantly pulled back on equity commitments to real estate investments last year.
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Core Funds, Accounts Slipped in 4th Quarter (04/08/2009)
Even though they invest conservatively, core funds and separate accounts are also taking their lumps in the market meltdown.
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Even though they invest conservatively, core funds and separate accounts are also taking their lumps in the market meltdown.
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Property Sales Plunged 85% in First Quarter (04/01/2009)
The pace of commercial-property sales in the first quarter was every bit as dismal as it seemed.
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The pace of commercial-property sales in the first quarter was every bit as dismal as it seemed.
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Goldman Team Quietly Shops 417 Fifth Ave. (03/25/2009)
In what could be the first of a wave of offerings by squeezed office owners, a Goldman Sachs partnership is selectively shopping the building at 417 Fifth Avenue in Midtown Manhattan.
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In what could be the first of a wave of offerings by squeezed office owners, a Goldman Sachs partnership is selectively shopping the building at 417 Fifth Avenue in Midtown Manhattan.
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Market Turmoil Taking a Toll on High-Yield Funds (03/18/2009)
Cracks are starting to show in the real estate fund juggernaut.
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Cracks are starting to show in the real estate fund juggernaut.
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Downturn Puts Squeeze on Fund Operators (03/18/2009)
After years of strong performance, the real estate fund industry is taking some lumps.
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After years of strong performance, the real estate fund industry is taking some lumps.
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With Few Backers, CB Shelves Europe Fund (03/11/2009)
CB Richard Ellis Investors has suspended the marketing campaign for its latest European fund after failing to attract enough capital for a first equity close.
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CB Richard Ellis Investors has suspended the marketing campaign for its latest European fund after failing to attract enough capital for a first equity close.
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Morgan Stanley Falling Short of Equity Goal (03/04/2009)
Morgan Stanley will miss its $10 billion fund-raising goal by a wide margin when it wraps up marketing for its latest global real estate vehicle.
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Morgan Stanley will miss its $10 billion fund-raising goal by a wide margin when it wraps up marketing for its latest global real estate vehicle.
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Principal Fund Mulls Offerings to Raise Cash (02/25/2009)
Principal Global is exploring the possibility of selling properties in order to honor redemption requests from investors in its open-end fund.
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Principal Global is exploring the possibility of selling properties in order to honor redemption requests from investors in its open-end fund.
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Gloomy Outlook Dims CB Ranking Victory (02/18/2009)
CB Richard Ellis dethroned Eastdil Secured last year as the nation's most active brokerage across the five major property types, but the victory came amid plunging sales activity and an increasingly gloomy outlook for 2009.
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CB Richard Ellis dethroned Eastdil Secured last year as the nation's most active brokerage across the five major property types, but the victory came amid plunging sales activity and an increasingly gloomy outlook for 2009.
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Mezz Lenders Angle to List Hancock Tower (02/11/2009)
It looks like John Hancock Tower in Boston is headed to market.
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It looks like John Hancock Tower in Boston is headed to market.
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Retail Properties Leading Race to Bottom (02/04/2009)
After watching the sales of large shopping centers and malls plunge last year, retail specialists can take solace only from the fact that their sector seems likely to hit bottom before other segments of the commercial real estate market.
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After watching the sales of large shopping centers and malls plunge last year, retail specialists can take solace only from the fact that their sector seems likely to hit bottom before other segments of the commercial real estate market.
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Silver Linings Scarce in Office-Sales Market (01/28/2009)
Coming off a year that saw a sharp drop in office-property sales, market pros expect activity to decline further in 2009, with transactions mostly involving buildings with assumable financing, forced sales or recapitalizations of overleveraged properties.
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Coming off a year that saw a sharp drop in office-property sales, market pros expect activity to decline further in 2009, with transactions mostly involving buildings with assumable financing, forced sales or recapitalizations of overleveraged properties.
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ING Fund Sells 3 Offices at Sharp Discount (01/14/2009)
An ING Clarion Partners fund has sold three underperforming office buildings for 45% less than it paid - reflecting how the market downturn is punishing sellers.
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An ING Clarion Partners fund has sold three underperforming office buildings for 45% less than it paid - reflecting how the market downturn is punishing sellers.
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ProLogis Weighs Giant Sale of Warehouses (12/17/2008)
Cash-strapped ProLogis is setting the stage to offer up to one-quarter of its giant portfolio of distribution centers in order to reduce its debt load.
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Cash-strapped ProLogis is setting the stage to offer up to one-quarter of its giant portfolio of distribution centers in order to reduce its debt load.
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CB's Contract as FDIC Advisor Not Exclusive (12/10/2008)
CB Richard Ellis disheartened its rivals two weeks ago by announcing it had landed a contract to market foreclosed properties for the FDIC, but now the agency has clarified that the arrangement is nonexclusive.
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CB Richard Ellis disheartened its rivals two weeks ago by announcing it had landed a contract to market foreclosed properties for the FDIC, but now the agency has clarified that the arrangement is nonexclusive.
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Property Funds Hammered by 1-Year Losses (12/03/2008)
Several high-yield property funds launched by well-known operators in 2006 or 2007 posted poor 1-year net returns through midyear, and the list of weak performers is expected to swell as the fallout continues from the financial meltdown.
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Several high-yield property funds launched by well-known operators in 2006 or 2007 posted poor 1-year net returns through midyear, and the list of weak performers is expected to swell as the fallout continues from the financial meltdown.
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CB, Grubb Shift Sights to Distressed Assets (11/19/2008)
CB Richard Ellis and Grubb & Ellis have joined the ranks of big brokerages making organizational changes to chase after an expected flood of work dealing with distressed assets.
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CB Richard Ellis and Grubb & Ellis have joined the ranks of big brokerages making organizational changes to chase after an expected flood of work dealing with distressed assets.
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Cousins Abandons Bid for Houston Complex (11/12/2008)
Cousins Properties has backed out of talks to pay about $700 million for Greenway Plaza in Houston, in yet another example of a transaction derailed by the credit squeeze.
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Cousins Properties has backed out of talks to pay about $700 million for Greenway Plaza in Houston, in yet another example of a transaction derailed by the credit squeeze.
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Crisis Forces Pensions to Curb Investments . . . (11/05/2008)
The financial crisis has significantly reduced the asset sizes of public pension systems, forcing many to curb or scrap real estate commitments for the foreseeable future.
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The financial crisis has significantly reduced the asset sizes of public pension systems, forcing many to curb or scrap real estate commitments for the foreseeable future.
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Brokerage Cutbacks Seen Likely to Increase (10/29/2008)
The steady stream of property-broker cutbacks is likely to continue, and even speed up, in coming months.
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The steady stream of property-broker cutbacks is likely to continue, and even speed up, in coming months.
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GE Shops 80% Stake in Industrial Portfolio (10/22/2008)
GE Real Estate is looking for a joint-venture partner to commit up to $220 million of equity for a majority stake in an industrial portfolio.
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GE Real Estate is looking for a joint-venture partner to commit up to $220 million of equity for a majority stake in an industrial portfolio.
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