Business Specialties
Muller Company Awarded Contracts Totaling in Excess of 1.9M SF
Real estate manager, investor, and developer The Mueller Company has been awarded three new management contracts totaling more than 1.9 million square feet.
Economy Watch: Existing Home Sales Take Another Dip
Sales of existing U.S. homes dropped 0.6 percent in February according to the National Association of Realtors on Tuesday.
Trecap Acquires Capmark – And a $4.3B Portfolio
In a significant deal involving distressed assets, TRECAP Partners LLC has acquired the real estate equity investment advisory business of Capmark Investments LP, including investment management contracts and general partnership interests in its real estate equity funds.
Extended Stay To Be Plucked From Bankruptcy by $905M Trio of Investors
Nine months after having filed for Chapter 11 bankruptcy protection, Spartanburg, S.C.-based Extended Stay Hotels Inc. has accepted an offer that will solve its financial woes.
Economy Watch: MBA Vexed About Risk Retention Rules in Dodd’s Bill
Now that the health-care hubbub is settling down in Congress (for the time being), financial industry reform is getting more attention — at least from the financial industry and its lobbyists.
RICS: ‘Considerable’ Importance Placed on Sustainability
Sustainability is on the minds of most real estate clients. That’s according to the fourth quarter Royal Institution of Chartered Surveyors Global Property Survey, which found that the vast majority of real estate agents believe that their clients place “some to considerable” importance on the topic.
Cushman Expands Alliance with Commerce
In a strategic move to expand its brokerage and property management services to both the Seattle and Bellevue markets, Commerce Real Estate Solutions has expanded its alliance with Cushman & Wakefield.
Economy Watch: Bernanke Takes Big Banks to Task in Front of Smaller Bankers
Federal Reserve chairman Ben Benanke said in a speech in Orlando over the weekend to Independent Community Bankers of America that big banks feeding at the public trough is something that needs to end as the economy recovers.
MIPIM Coverage: Core is King
The Pricewaterhouse Coopers Emerging Trends in Real Estate (Europe) report 2010 highlights the fact that there is cautious optimism in the real estate market, but we should “expect a long, slow haul.”
Economy Watch: Investors From Aboard Eye US CRE
Overseas investors could be on their way in droves to invest in US commercial real estate, according to the international real estate advisory firm Savills.