Business Specialties
Kennedy Wilson Kicks Off New Investment Platform with $342M Loan Acquisition
Plenty of firms have formed new divisions to snap up loans on distressed commercial real estate and Kennedy Wilson is among them. The Beverly Hills, Calif.-based real estate investment and services firm has made its first move for its newly created investment platform, and it’s a big one.
Ready to Buy?
When will the distressed-asset market reach a point at which buying such properties will make sense? Respondents to CPE’s latest fast poll largely think the time is now or fast approaching.
Public Tiff Between Simon and GGP Continues with Statements on New $2.5B Bid
It all seemed to have started out innocently enough, with Indianapolis-headquartered Simon Property Group Inc.’s $10 billion cash offer on February 8 to buy beleaguered Chicago-based General Growth Properties Inc. But now it’s turned into a written war of words.
Port Authority Awards $542M Contract for WTC Transportation Hub
The Port Authority Board of Commissioners has awarded the largest contract to date — $542 million – to Skanska USA Civil Northeast, Granite Construction Northeast, and Skanska USA Building.
AuctionPoint Embraces Orange County Market
The founders of AuctionPoint, an online auction tool for commercial real estate brokers, believe their program’s performance in Orange County, Calif., portends well for the local market. Since its inception in fall 2009, AuctionPoint has been involved in the closure of ten Orange County commercial condo deals.
RCA Report: Investment Market Rebound Already Underway
It comes as no surprise that 2009 was a bad, bad year for property sales across the globe. According to Real Capital Analytics’ new Global Capital Trends report, the volume of commercial property sold last year reached only $381 billion, a staggering 30 percent drop from 2008.
JLL: Corporate Occupiers Can Take Advantage of Surplus Space
Jones Lang LaSalle has a message for real estate industry players: Take a breath. The company’s North American Occupier Report for the fourth quarter 2009 shows that there are at least indications of a tentative recovery afoot – and for the recession-wounded, that is at least some good news.
ING Clarion Buys Cape Cod Resort
In what may be one of many deals spearheaded by opportunistic funds this year, ING Clarion Development Ventures III has acquired the 23-acre waterfront Sea Crest Resort and Conference Center on Cape Cod. The deal was done in partnership with Scout Real Estate.
RDM’s New Interactive Marketing Tool Helps Users With Room Design
Property managers and tenants alike now have a new online tool in their arsenal.
Green Light for $386M First Phase of Kansas City Casino
The path has been cleared for work to commence on a new gaming property in Kansas City, Kan., now that the Kansas Entertainment L.L.C. has received its gaming license from the Kansas Racing and Gaming Commission and approval under the Kansas Expanded Lottery Act.