Business Specialties
KPMG Report Shows Capital Spending on the Rise
KPMG’s 2014 Commercial Real Estate Outlook Survey confirmed that commercial real estate executives are ready to develop new properties and invest their capital in secondary and tertiary markets to generate returns.
Green May be Gold for U.S. Equity REITs
By Britton Costa, Director, U.S. REITs, Fitch Ratings: The U.S. REIT sector’s inaugural “green bond” offerings suggest being environmentally friendly is also credit-friendly.
CRE Bulls Will Continue
By Ken Riggs, President & CEO, RERC: According to public opinion polls, most Americans have never seen the world so chaotic. Despite these risks, U.S. consumers keep spending and investors keep investing.
Keep Your Eyes Peeled and Don’t Get Sloppy
By Marcelo Bermudez, President, Figueroa Capital Group, a subsidiary of Charles Dunn Co.: When it comes to U.S. business news, recent headlines make it seem like everything is fine. If you analyze the numbers and metrics, however, you’ll see that this is something of a mirage.
SL Green to Buy, Sell in Two Deals Totaling $745M
It’s not every day that a real estate company announces it has signed deals involving two properties valued at an aggregate three-quarters of a billion dollars.
Capital One Wraps $277M Loan Syndication for Brooklyn M-F Tower
The 554-unit high-rise will mark the final phase of Douglaston Development’s Edge mixed-use project in the Williamsburg section of Brooklyn, N.Y.
INTERNATIONAL: Amazon to Open 431,000-SF London Office in 2017
Amazon Inc. recently announced plans to depart its U.K. base of 16 years in Slough, Berkshire, and move to a brand-new office in east London in 2017.
Deal Analysis: Washington Prime Finds “Something Special” in Glimcher
When Washington Prime Group was spun off from Simon Property Group Inc. in May, its leaders began looking for opportunities to acquire and redevelop assets that would have strong cash flow and add franchise value. They found what they sought in Glimcher Realty Trust.
Inland Set to Acquire 15-Property Retail Portfolio for $318M
Inland Real Estate Income Trust Inc. is adding 15 retail centers located across eight states to its portfolio.
BREAKING NEWS: Washington Prime Group to Acquire Glimcher for $4.3B
The combined portfolio would have 119 retail properties with approximately 68 million square feet of gross leaseable area.