Selections from Recent Issues
Please review the following headlines:
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.
Read more.
Two large apartment complexes in suburban Washington have hit the market in what may be a harbinger of value-added listings to come.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
CBRE Global Investors is looking to take advantage of Washington’s booming apartment market by selling a luxury complex it acquired two years ago.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
(SEE CORRECTON BELOW) A developer is shopping the leasehold interest in a fully occupied office building in Washington’s East End.
Read more.
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.
Read more.
An AREA Property partnership is negotiating to buy a hotel portfolio from FelCor Lodging for roughly $300 million.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
Hoping to take advantage of the rebounding Chicago apartment market, a partnership is shopping a new luxury high-rise in the Central Loop.
Read more.
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.
Read more.
Fund shops Colony Capital and DivcoWest Properties have bucked the tough fund-raising market by setting up “sidecar” funds alongside commingled vehicles.
Read more.
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.
Read more.
Brookfield Asset Management has agreed to pay more than $200 million for a trophy office tower in Denver that’s about to be vacated.
Read more.
Demand Soars for Retail Condos in Manhattan (10/19/2011)
Institutional investors are clamoring for retail condominiums in Manhattan.
Read more.
Institutional investors are clamoring for retail condominiums in Manhattan.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
A developer is shopping a premier office campus in suburban Dallas to core investors, with bids expected to top $480 million.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
A Whitehall Street Real Estate fund is pitching a Silicon Valley office complex to both core and core-plus investors.
Read more.
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.
Read more.
A partnership led by Apollo Global Real Estate is circling the Novotel New York Times Square Hotel.
Read more.
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.
Read more.
The four Chetrit brothers, who rank among the largest private holders of commercial real estate in Manhattan, have split up.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
A cluster of office-property offerings has popped up in Southern California as the market revives from its deep funk.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
'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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
(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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
Citigroup, one of the nation's biggest commercial real estate lenders, has selected three brokerages to oversee the sale of distressed properties.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
Sterling Equities has dismissed two dozen employees after dramatically lowering projections for its acquisition activity over the next couple of years.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
UBS is quietly gauging interest in the 50% stake it owns in its Midtown Manhattan headquarters.
Read more.
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.
Read more.
Murray Hill Properties plans to shift tactics for its next fund to better position itself to exploit growing distress among Manhattan office owners.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
A RREEF fund is looking to recapitalize at least one troubled project in a bid to salvage its deteriorating development portfolio.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
Fund operators are increasingly looking at this year as a wipeout for raising equity.
Read more.
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.
Read more.
Lowe Enterprises Investment is the latest big-name fund operator to be sidelined by the hostile climate for soliciting equity.
Read more.
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.
Read more.
Markdowns by two Beacon Capital Partners funds may provide the best indication to date of how far Class-A office values have fallen.
Read more.
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.
Read more.
The nation's largest public pension systems significantly pulled back on equity commitments to real estate investments last year.
Read more.
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.
Read more.
Even though they invest conservatively, core funds and separate accounts are also taking their lumps in the market meltdown.
Read more.
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.
Read more.
The pace of commercial-property sales in the first quarter was every bit as dismal as it seemed.
Read more.
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.
Read more.
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.
Read more.
Market Turmoil Taking a Toll on High-Yield Funds (03/18/2009)
Cracks are starting to show in the real estate fund juggernaut.
Read more.
Cracks are starting to show in the real estate fund juggernaut.
Read more.
Downturn Puts Squeeze on Fund Operators (03/18/2009)
After years of strong performance, the real estate fund industry is taking some lumps.
Read more.
After years of strong performance, the real estate fund industry is taking some lumps.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
Principal Global is exploring the possibility of selling properties in order to honor redemption requests from investors in its open-end fund.
Read more.
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.
Read more.
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.
Read more.
Mezz Lenders Angle to List Hancock Tower (02/11/2009)
It looks like John Hancock Tower in Boston is headed to market.
Read more.
It looks like John Hancock Tower in Boston is headed to market.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
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.
Read more.
The steady stream of property-broker cutbacks is likely to continue, and even speed up, in coming months.
Read more.
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.
Read more.
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.
Read more.
