Business Specialties
Industrial Outlook Defies Gloom: Cushman & Wakefield Report
Defying the shaky economy, fundamentals in the industrial sector continue to inch upward, according to an analysis published Thursday by Cushman & Wakefield Inc.
A Look Ahead: Opportunities in a Changing World from ULI
Success in real estate requires optimism and the ability to identify opportunity under any circumstances. This year’s Urban Land Institute Fall Meeting opened with plenty of advice for tackling both short-term challenges and long-term market shifts.
Seniors Housing on a Tear, Reports Show
Multiple reports out of the seniors-housing sector all seem to be saying the same thing: Things are going very, very well. Studies by NIC MAP and Senior Housing Investment Advisors are both bullish on the sector’s outlook.
Washington is Top Investor Choice Again as Tough 2012 Looms: PwC/ULI Survey
Survey participants predict that 2012 will see more properties for sale but diminished buyer enthusiasm.
Ocwen Picks Up Saxon Mortgage from Morgan Stanley for $59.3M
October 26, 2011 By Barbra Murray, Contributing Editor Morgan Stanley has found a taker for Saxon Mortgage Services Inc. Morgan Stanley will sell the residential mortgage loan servicing firm to Ocwen Financial Corp. for $59.3 million–and approximately $1.4 billion for servicing outstanding advance receivables. Scheduled to close in the first quarter of 2012, the transaction comes five years after Morgan Stanley acquired Saxon for $706 million in cash. Upon the December 2006 completion of the purchase, Anthony Tufariello, then global head of the company’s Securitized Products Group, said, “This acquisition is another important step in our long-term strategy of building…
With $560M Deal, CubeSmart is Metro NYC’s Top Self-Storage Owner
The company just signed a deal to purchase a 1.6 million-square-foot collection of premier properties in metropolitan New York City from Storage Deluxe.
Riding Multi-Family Wave, TRECAP Sells Seaside Complex to Western National for $95M
Multi-family supply/demand dynamics are their best in a decade, TRECAP Senior Vice President and Managing Director Edward Oprindick tells CPE.
Dostart Development, Rockwood Capital Sign 340 KSF Silicon Valley Office Lease
Dostart Development Co. L.L.C. and Rockwood Capital L.L.C. have secured a big tenant for its office project in Mountain View, Calif., signing Synopsis Inc. to a 340,000-square-foot lease.
WTC: 10 Years Later
CPE takes a look at changes the industry has made in the 10 years following the Sept. 11, 2001, terrorist attacks and how rebuilding of the World Trade Center site is coming along.
Kennedy Wilson: $1.8B U.K. Deal ‘Is Our Largest’
Kennedy Wilson makes its biggest splash ever in the loan-acquisitions game with an agreement to acquire a performing portfolio from Bank of Ireland for a whopping $1.8 billion, with an eye toward continuing to acquire in the United Kingdom.