Keat Foong
Net Lease Investors Eye Medical Office
By Keat Foong, Finance Editor:
Medical offices still constitute a small portion of the net lease space, but some industry participants see these assets slowly gaining in popularity and rising in profile, especially in the past few years, as a viable investment alternative in the sector.
Jones Lang LaSalle Scores Contract as U.K. Corporation's Exclusive Global RE Advisor
Jones Lang LaSalle’s corporate solutions group has been named the exclusive real estate services advisor for U.K.-based Logica’s worldwide property portfolio.
South Carolina's BofA Plaza to be Sold Out of Receivership
Transwestern is betting that investors will snap up Bank of America Plaza, a 303,200-square-foot office building in Columbia, S.C.
Economy Watch: Consumers Pull Out Plastic in June, Mortgage Delinquencies Flat, Can Kicked Down Road for Spanish Debt
Borrowing in the form of credit cards, car loans, student loans and other kinds of debt was up by an annualized rate of 8 percent during June.
Broccolini Plans to Build Tallest Residential High Rise in Downtown Montreal
In addition to the 350-unit mixed-use L’Avenue, there are 10 other new large-scale residential projects being planned for Montreal, according to city officials.
Economy Watch: IMF Warns U.S. About Fiscal Cliff; REO Pilot Bidders Chosen; Office Vacancies Remain at 17.2% in 2Q
The International Monetary Fund said in a statement that the U.S. economic recovery “remains tepid and subject to elevated downside risks.”
Weingarten Snaps Up 171KSF Shopping Center on L.A.'s Sunset Strip for $99M
Transactions such as the 8000 Sunset purchase are a major component of Weingarten’s current strategy of enhancing the profile of its portfolio.
Economy Watch: No QE3 Just Yet; More Shared Households; Foreclosures Tick Up
As scheduled, the Federal Open Market Committee issued a statement on Wednesday about the economy and what it plans to do in the near future about its stubborn sluggishness.
ULI: Real Estate Recovery Comes Amid Rebounding Investment; Worries Abound About Debt Capital Shortfall, Europe
Although investment capital is again flowing for CRE, speakers at the Urban Land Institute’s Real Estate Capital Markets Conference are concerned with relative dearth of debt capital, possible refinancing difficulties ahead and the current European economic crisis.
Why There Are So Few B-Piece Buyers
With industry hopes for a recovery pinned on the return of the CMBS market, power still rests in the hands of the B-piece buyers. But the pool of buyers remains limited, and that will be the case for the foreseeable future.