October 31, 2011
Spanish commercial real estate transactions are seeing decade lows and Bloomberg suggests a recovery may take more than a year following the European sovereign debt crisis.
October 31, 2011
Homeowners and families facing default on mortgages may eventually become renters.
October 31, 2011
Through the debt crisis and economic fragility of Europe has played a role, commercial real estate transactions rose in the third quarter to ?28.8 billion ($40.3 billion USD), Cushman & Wakefield reports.
October 28, 2011
The Real Estate Roundtable's recent Sentiment Index of commercial real estate executives declined for the second straight quarter.
October 28, 2011
Chatham Lodging Trust and Cerberus Capital management have announced the completed acquisition of 64 hotels from Innkeepers USA Trust affiliates for $1.02 billion.
October 28, 2011
Alexandria Real Estate Equities announced the groundbreaking of Alexandria Center, a $500 million, 1.73 million square-foot science and technology campus in Cambridge, Massachusetts.
October 28, 2011
Bentall Kennedy and Multi-Employer Property Trust announced the acquisition of two retail properties in the Washington, D.C. region for approximately $122.6 million.
October 28, 2011
The largest retirement manager for United States teachers, TIAA-CREF, announced an agreement to acquire a mall in Munich, Germany for ?415 million ($573 million USD), Bloomberg reports.
October 27, 2011
Marriot International announced an agreement to acquire Manhattan's historic Clock Tower building from Africa Israel USA for $165 million, The Wall Street Journal reports.
October 27, 2011
JCR Capital, a Denver-based fund manager revealed it has an agreement to originate and manage commercial real estate bridge loans in a $100 million account for an investor.
October 27, 2011
The purchasing arm of The Inland Real Estate Group of Companies announced it has acquired a five-property portfolio from NewQuest Properties in Houston and League City, Texas for $172 million.
October 27, 2011
Brookfield Asset Management and a Dubai government investment branch will begin a $1 billion fund to acquire real estate properties in Dubai, United Arab Emirates following a price decrease of more than half since 2008.
October 26, 2011
Based on the Emerging Trends in Real Estate 2012 Forecast by PwC US and Urban Land Institute, the commercial real estate market in the U.S. will take a long time to recover even with an increased availability of capital.
October 26, 2011
Inland Western Retail Real Estate Trust announced the acquisition of 1890 Ranch for approximately $97.6 million in a joint venture with RioCan Real Estate Investment Trust.
October 26, 2011
TRECAP is taking full advantage of the high demand for multifamily properties and has sold an apartment complex in San Clemente, California for $95 million. The per-unit sale came out to approximately $260,000.
October 25, 2011
With financially distressed properties accounting for a smaller share of transactions, U.S. commercial property prices climbed in August for the fourth straight month, Moody's Investors Service reports.
October 25, 2011
Demand from publicly traded investors has surged property prices and made the development of new hotels a cheaper option in New York City, Bloomberg reports.
October 24, 2011
Although sovereign debt has put stress on the housing market in recent years, the global commercial real estate market is beginning to show positive signs, Deloitte reports.
October 21, 2011
Duke Realty Corporation announced an agreement to sell a 10.1 million square-foot portfolio of suburban commercial realty in seven markets across the Southern and Midwest regions to an affiliate of Blackstone Real Estate Partners VII.
October 21, 2011
Kennedy Wilson, an international real estate investment and services firm, announced it has completed the transaction of $111 million to acquire three commercial real estate properties in the Los Angeles area.
October 20, 2011
Brookfield Office Properties announced the sale of Newport Tower in Jersey City, New Jersey to Multi-Employer Property Trust for $377.5 million. This marks the largest single office asset sale in the history of the state.
October 20, 2011
Chairman and CEO of Avison Young Mark Rose announced Tricor Pacific Capital made an equity investment of $40 million into Avison Young's common stock to continue funding growth and expansion within the real estate firm.
October 19, 2011
Blackstone Group's Brixmor Property Group announced a plan to spend $291 million for commercial real estate redevelopments, Bloomberg reports.
October 19, 2011
Commercial property in the United Kingdom had a total return rate of 1.9 percent during the third quarter of 2011, IPD reports.
October 18, 2011
The New York City commercial property sales dropped 25 percent during the third quarter following a three -year high, according to Massey Knakal Realty Services.
October 18, 2011
General Growth Properties announced that over the past three months it's sold three assets for $280 million, the most recent of which is the famous Faneuil Hall Marketplace in Boston, Massachusetts for $140 million.
October 17, 2011
General Growth Properties announced the refinancing of four retail centers amounting to $966 million in new mortgages.
October 17, 2011
Avison Young principal and managing director of the Atlanta sector, Steve Dils, announced his agency's acquisition of Barry Real Estate Companies' third-party business unit.
October 14, 2011
Donald Trump will acquire Miami's Doral Golf Resort & Spa, which had previously been put into bankruptcy, for $170 million.
October 13, 2011
Year-to-date, direct commercial real estate investment volumes in Asia Pacific markets have increased approximately 10 percent, according to Jones Lang LaSalle.
October 12, 2011
The U.S. office market has shown continued improvements in office leasing fundamentals even with a struggling economy.
October 12, 2011
Clarion Partners announced the acquisition of a Class-A, 586-unit California apartment portfolio for $100 million.
October 12, 2011
Cluttons, a real estate agency that has had a dedicated presence in the Middle East since 1976, announced that commercial real estate in Dubai improved last quarter.
October 12, 2011
New fund combines closed-end funds to create the largest private open-end fund for retail properties in Asia
October 11, 2011
Ho Chi Minh City office rents could recover by the end of 2012, following the opening of the city's tallest commercial building along with a lack of supply.
October 11, 2011
Commercial real estate investors may have reason to worry regarding China's potential residential property market bubble during a time in which developments are increasing, Reuters reports.
October 10, 2011
Morgans Hotel Group announced a joint venture has agreed to sell its 50 percent share of Sanderson and St Martins Lane hotels for £195 million (approx. $295 million USD) to Capital Hill Hotels Limited
October 10, 2011
Crescent Real Estate Holdings sold its 24 percent stake of six Texas office properties valued at approximately $2 billion to J.P. Morgan Asset Management, Bloomberg reports.
October 07, 2011
TIAA-CREF and CBL & Associates Properties announced a $1.09 billion real estate joint venture to invest in shopping malls.
October 07, 2011
Although landlords had a 6.19 million square-foot increase of occupied space to finish out the fourth quarter, and U.S. office rents rose to an average of $22.39 per square foot, the highest such figure since the fourth quarter of 2009, based on statistics revealed by Reis.
October 07, 2011
Grubb & Ellis Healthcare REIT II announced an agreement to purchase the Southeastern Skilled Nursing Facility Portfolio, which is comprised of 10 skilled nursing facilities in Alabama, Georgia, Louisiana and Tennessee with a total worth of $166.5 million.
October 07, 2011
Arlington Business Parks Partnership fund announced the sale of Verizon's 392,000 square-foot office headquarters at Reading International Business Park in the UK to RREEF.
October 06, 2011
New York City and London were rated by Cushman & Wakefield as the two most attractive commercial real estate cities in the world.
October 06, 2011
Approximately 9.4 million square feet of commercial real estate in the office market was absorbed in the United States during the third quarter of 2011, bringing the year-to-date total to more than 24.5 million square feet.
October 05, 2011
An increase in revenue is expected within the real estate market in a year, but most feel an economic recovery will take years, according to a survey of commercial real estate executives by KPMG.
October 05, 2011
Cushman & Wakefield announced the third quarter statistics for Manhattan commercial real estate sales which showed an increase in leasing activity for office space.
October 04, 2011
The Healthcare of Ontario Pension Plan and Meyer Bergman acquired two retail properties in the Czech Republic for approximately CAD $402 million (USD $378 million).
October 04, 2011
Taubman Centers announced plans to purchase The Mall at Green Hills and The Gardens on El Paseo/El Paseo Village from Davis Street Properties.
October 03, 2011
Jupiter Hotels Limited announced the acquisition of a 24-hotel portfolio from the administrators of Jarvis Hotels Limited.
October 03, 2011
SL Green Realty announced it's made a venture with Stonehenge Partners to acquire eight multifamily and retail properties in New York City for $416 million.
