Anna Spiewak
Elections and Reform
We are once again in the midst of a midterm election, and that circumstance is not promising for a number of real estate-influencing pieces of legislation. While the Terrorism Risk Insurance Act is generally expected to be passed in some form before it sunsets at the end of the year, the Foreign Investment in Real Property Tax Act has languished amidst partisan strife, as has tax extenders, immigration reform, energy efficiency and Internet sales tax legislation, according to recent reports from the Real Estate Roundtable. Indeed, while the policy group’s third-quarter Sentiment Index rose slightly, respondents expressed concern about furtherance…
Economy Watch Weekly: QE3 is Over, GDP is Up
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended Oct. 31.
Tracey Hatley: How Shopping Centers Scare Up Good Returns from Ghost Space
Halloween comes only once a year, much to the disappointment of costumed, candy-hoarding kids — and much to the relief of their parents.
RCS’s Withdrawal from Cole Purchase: Latest Fallout from ARCP’s Accounting Woes
The brevity of yesterday’s press release by RCS Capital, announcing it was canceling its planned acquisition of Cole Capital Partners and Cole Capital Advisors from RCS’ sibling company ARCP, was in stark contrast to the announcement’s impact.
PRES Signs Healthcare Company to 192 KSF Lease in Downtown Anaheim
St. Joseph Heritage Healthcare has signed the largest office lease in Orange County in 2014 with PRES Cos. at 200 Center St. in Anaheim.
INTERNATIONAL: Brookfield Begins Construction on $88M Senior-Living Community in Sydney
Leading global contractor Brookfield Multiplex has broken ground on an $88 million senior living community in Sydney’s Vaucluse suburb.
Brookwood Trades 234 KSF Office Building in Denver
Brookwood Financial Partners has sold Denver Highlands, a nine-story, 234,423 square foot office building in Denver, three years after purchasing it from Legacy Partners.
The Rockefeller Group to Acquire Majority Interest in TA Realty
The Rockefeller Group is expanding its global investment management platform with the acquisition of the majority stake in Boston-based TA Realty L.L.C.
CBRE: Global Recovery Continues, U.S. in Driver’s Seat
A new forecast by CBRE predicts positive signs for the commercial real estate industry in 2015, with Philadelphia being one of the top cities expected to see increases.