Business Specialties
EdR Acquires 900-Bed Student Housing Property Near ASU for $90M
The property first opened its doors to residents in August 2013, offering 279 units laden with the high-end amenities that are fast becoming a prerequisite among the student population.
INTERNATIONAL: Scandic Will Manage New Hotel in Oil-Industry City
Scandic announced it will manage the new Scandic Stavenger Congress Hotel, which is under development in downtown Stavenger, Norway.
Lionstone Snaps Up 650 KSF San Diego Tech Center
Lionstone Investments acquired the trophy property from Beacon Capital Partners, which paid $152.2 million for the asset in 2012.
Boston Properties Sells Interest in Office Buildings to Norges Bank for $1.5B
Norges Bank Investment Management, Norway’s sovereign wealth fund, continues picking up prime office assets in the United States.
Update: JCR Capital Obtains $105M for Middle-Market Fund
JCR Capital’s JCR Capital Commercial Real Estate Finance Fund III L.P. is targeting a total capitalization of $250 million for middle-market sponsors typically overlooked by institutional capital.
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.