Allison Landa
Health Care REIT Buys Genesis for $2.4B
The sales transaction frenzy in the healthcare real estate sector continues as JER Partners and Formation Capital sign on to sell the company, which comes to the table with a portfolio of 147 properties in 11 states.
LaRue Tapped as New Forest City CEO
David LaRue will succeed current Forest City Enterprises Inc. president & CEO Charles Ratner as of June 10, 2011. LaRue is the first non-Ratner family member to take the position.
D.C.’s Market Square Fetches $615M
The 679,000-square-foot Class A office complex will be acquired by Wells Real Estate Investment Trust II. Its tenant base includes Bayer Corp., Novartis, Proctor & Gamble and United Healthcare.
Economy Watch: Construction, GSEs, Prospects for a Shutdown
According to the U.S. Department of Commerce, construction spending took a dive in January, with a 0.7 percent decline from December that took the aggregate value of U.S. construction projects down to a $791.8 billion annualized rate. Commercial real estate construction projects led the decline.
Blackstone Pays $9.4B for Centro Portfolio
The company is about to beef up its presence in the retail market by 588 properties and a million square feet.
Ventas Buys Nationwide Health in $7.4B Transaction
The stock-for-stock merger will create the industry’s largest healthcare REIT.
CPE TV: JLL Reports from MBA
In this first of a three-part series, Denny St. Romaine, managing director of real estate investment banking at JLL, discusses how the multi-family sector is attracting lenders today.