Anna Spiewak
CCPT III Responds to ARCP’s Newset Offer
After receiving a third unsolicited takeover bid from American Realty Capital Properties, Cole Credit Property Trust III today said its Special Committee was reviewing the latest proposal that would increase the cash portion of ARCP’s $9.7 billion proposal from 20 percent to 60 percent.
Economy Watch: Apartment Market Continues to Tighten; Home Prices Rise; ADP Reports Moderate Job Growth
Apartment vacancies nationwide continued to shrink in the first quarter of 2013. Home prices nationwide increased 10.2 percent in February 2013 compared to February 2012. And according to ADP, 158,000 private-sector jobs were created in March.
Biotech Firms Select New Urban Clusters
Out with the old and in with the new seems to be the motto for biotechnology and pharmaceutical companies today—at least when it comes to their real estate.
Financial Engineering
By Joshua Pardue, Associate Director, Stan Johnson Co.: Historically, risk-tolerant investors seeking double-digit returns have dominated commercial real estate investment. However, in today‘s uncertain economy, traditional investors have lowered their risk tolerance, creating higher demand for net-leased investment properties.
Increasing Deal Activity Expected Through 2013
There is a growing mood of optimism in the real estate sector, with 2013 expected to bring increasing activity in traditional and new types of deal flow, according to participants at E&Y’s seventh annual Real Estate Workshop, held in London.
Economy Watch Weekly: Weak GDP, but Housing Chugging Along
CPE’s economic analyst, Dees Stribling, gives his update for the week ending March 29.
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