Allison Landa
Lee Breaks into Atlanta Market with Bryant Merger
The joint venture gives Lee its first presence in the Southeast while providing Bryant with a national reach.
Call for Nominations: CPE Executive of the Year Awards
CPE is seeking nominations for the 2010 Executive of the Year awards, and we want to hear from you! Nominations close on Aug. 31, so log on now to https://fs18.formsite.com/CPExecutive/nominations to enter your nominations!
Akridge Lands 120,000-SF D.C.-Area Government Office Property in Steal of a Deal
Now that Akridge and Rockwood have taken the property off the hands of the U.S. General Services Administration, the federal government’s real estate division, the team plans to submit the building to a major upgrade in order to mold it into a Class A office facility.
Yardi Acquires Public Housing Management Software Developer VisualHOMES
This latest acquisition combines the public housing technology expertise of VisualHOMES with Yardi’s browser-based Yardi Voyager PHA solution for subsidized housing.
Cedar Shopping Centers and RioCan Close $53M JV Purchase of Philly-Area Shopping Center
Located on a 37-acre site 40 miles outside of Philadelphia in the Greater Reading area, Exeter Commons sprouted up last year at the hands of the Goldenberg Group and Ironwood Property Group.
MGM Resorts and Partner Secure $950M Refinancing Deal for MGM Macau
Debt attached to MGM Macau, owned by MGM Grand Paradise S.A., a 50/50 joint venture partnership involving Las Vegas-based global hospitality company MGM Resorts International and Hong Kong-based businesswoman Pansy Ho Chiu-king, has been refinanced to the tune of $950 million through a new senior secured credit facility.
Public-Private Partnerships: In U.S., Two Steps Forward, One Step Back
Howard Roth, Ernst & Young
Although public/private partnerships formed to construct and own major infrastructure projects have gained traction in Europe, Canada and Australia, acceptance by U.S. state and local governments has been more problematic and spotty.
Economy Watch: Pending Home Sales Chart Downward Course
Pending home sales edged down in June compared to May, with near-term sales expected to be notably lower than in the spring, according to the National Association of Realtors. The surge of buyers taking advantage of the homebuyer tax credit is now definitively over. The question is–what next?
Philip Giannuario: Don’t Forfeit Your Right to a Tax Appeal
Tax attorney Philip Giannuario blogs on protecting your rights on CPE’s From the Inside.
Regional Report: Commercial Retail Investment Sales in the New York City Suburbs
Kevin O’Hearn, Holliday Fenoglio Fowler
As with last year, the investment sales activity in the suburban metropolitan New York area remained low through the first half of the year. More specifically, there wasn’t a single sale transaction in excess of $10 million. However, the good news is that as the overall economy continues to show signs of recovery, the owners of retail assets have become more willing to test the waters.