Anna Spiewak
Ratings Agencies Review ARCP Accounting Errors; SEC Expected to Investigate
Shares in American Realty Capital Properties continued dropping Thursday, one day after the REIT admitted there were accounting errors that were intentionally covered up in its recent financial statements leading to the resignation of two top executives, reviews by two ratings agencies and a possible investigation by the U.S. Securities and Exchange Commission.
INTERNATIONAL: LaSalle Buys King Square Studios Student Housing in Bristol
LaSalle Investment Management has bought King Square Studios, a student accommodation asset in the established university town of Bristol for $54 million.
CBRE Grabs Boutique Office Building in San Fran’s Financial District
CBRE Global Investors has bought 235 Pine St, a 150,159-square-foot Class A office facility located in the heart of San Francisco Financial District.
Dune RE Fund III Closes Oversubscribed at $960M
Dune Real Estate Partners L.P. set an $850 million target for Dune Real Estate Fund III–an investment vehicle focused on distressed, deep value-add opportunities and contrarian investments predominantly in the U.S.–and not only did it hit the target, it surpassed it.
ULI Special Report: Water, Water—Nowhere?
Whether in the dry Southwest or hurricane-prone coastal areas along the Atlantic Seaboard, developers need to incorporate water strategies into their plans. That message flowed through loud and clear during a panel titled “Water: Too Much, Too Little” at the Urban Land Institute’s Fall Meeting in New York City in late October.
INTERNATIONAL: Savills, DTZ to Sell M-F Portfolio in Dublin
A private investor and Ireland’s National Asset Management Agency have appointed international real estate advisor Savills and DTZ Sherry FitzGerald to sell 588 apartments across seven residential developments in Dublin.
Economy Watch: Home Price Indices, Apartment Market
Case-Shiller Home Price Indices continue to show a deceleration in home price gains. U.S. apartment markets expanded across all areas, indicating growth from the previous quarter.
INTERNATIONAL: Invesco Buys Office Project in Prague from Skanska
The Riverview office project in Prague traded hands as Invesco Real Estate purchased the asset from Skanska Property Czech Republic.
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