Business Specialties
Real Estate Expo Special Report: Knakal Terms NYC Sales Market “Phenomenal”
Robert Knakal, chairman of Massey Knakal Realty, said the New York City commercial property investment sales market is currently red hot, but warned that sustained periods of low interest rates typically lead to real estate bubbles.
Special Report: Commercial Mortgages Returned 4.7% for Life Companies, Pension Funds in 2012
Life companies and pension funds increased their market share of commercial property financing last year despite ongoing industry deleveraging, according to the Giliberto-Levy Commercial Performance Index, and the mortgage loans yielded a total return of 4.7 percent for the institutions in 2012.
Cutting-Edge System Will Harness Waste Heat at $750M Vancouver Project
The system at the Telus Garden mixed-use development will cut the property’s carbon dioxide emissions by 1 million kilograms annually.
Crescent Resources Starts Construction of $67M M-F Project in Buckhead
The project will add 355 units to the Terminus master-planned development when is complete next spring.
Ramco-Gershenson Buys Clarion Partners’ Stake in 12 Shopping Centers
In a $256.8 million deal, Ramco-Gershenson will gain sole ownership of a dozen assets in Florida and Michigan currently held in joint venture with Clarion Partners.
Guardian Takes Majority Stake in Executive Asset Management
Guardian will merge the firm with its AssetAdvisor division and build on EAM’s experience in disposition strategies, property management and rental solutions for FDIC Loss Share assets.
MIPIM Special Report: Global Healthcare, Seniors Housing Dynamics
A panel of experts at the global real estate conference discusses the robust and widely varied global opportunities in seniors housing and healthcare real estate.
Prologis to Develop New Green Industrial Park in Tokyo’s Saitama Ken-O Submarket
Provider and operator of logistics infrastructure Prologis is kickstarting the construction of a new, 451,000-square foot industrial project in Tokyo’s Saitama Ken-O submarket .
NFR, Oaktree Buy 3 MSF Office Portfolio for $241M
It could take years to amass 3.4 million square feet of high-quality office space or it could happen overnight, as it did for National Financial Realty and Oaktree Capital Management.
CPC, Citi Announce $250M Facility to Finance Affordable Housing
Citi Community Capital has provided $250 million in financing, one of its largest single investments in affordable housing, to help create or preserve nearly 6,000 low- and moderate-income units in New York State.