Business Specialties
Special Servicer Helios AMC Acquires The Situs Cos.
Helios AMC, the special-servicer sponsored by Ranieri Partners, and the global real estate advisory firm The Situs Cos. will join forces but will retain the Situs name.
Grandbridge Funds $72M Loan through Freddie Mac for Florida Multi-Family
Grandbridge Real Estate Capital just closed a $72 million Freddie Mac first-mortgage loan secured by Paradise Island, a 1,112-unit apartment property in Jacksonville, Fla.
Downtown Renaissance: The World Trade Center Anchors a Thriving Redevelopment Scene
As Manhattan’s biggest redevelopment project in decades, the new World Trade Center towers are the flagships of the Downtown revitalization trend that started in the early years following the terrorist attacks. An update on redevelopment progress in Lower Manhattan.
Howard Hughes Corp. Completes $250M Loan for Hawaii Mixed-Use Retail Center Project
The Howard Hughes Corp. just received a $250 million loan for the redevelopment of Ward Centers, a 550,000-square-foot shopping district in Honolulu that is set to evolve into a premier mixed-use asset.
Special Report: Lighting, LED and Legislation
A panel discussion at the 2011 GreenBuild conference explored options for energy-saving lighting, noting that 70 percent of energy consumed in North America comes from commercial and residential buildings.
Breaking News: TIAA, CBL Partner for $1.1B on Four Shopping Malls
Call it a sign that retail is a hot commodity once again: TIAA-CREF and CBL & Associates Properties Inc. have just closed a $1.1 billion joint venture to invest in shopping malls.
DLA Piper Panelists: REITs Doing Well, but the CRE Market is Mostly Brutal
On the final day of the DLA Piper Global Market Summit in Chicago, panelists were honest about what scares them in CRE market trends but pointed out that REITs are still a bright spot for the industry.
Grosvenor, Kuwait Finance House to Invest up to $600M in Healthcare Properties
Grosvenor Fund Management has just joined forces with Kuwait Finance House to shell out as much as $600 million on the acquisition and development of medical office buildings and private-pay senior living properties across the United States.
DLA Piper Panelists: This Summer Took a Toll on CRE
Is the market recovery for real? The question seemed reasonable in the summer, but volatility is back in the capital markets, according to the panelists at DLA Piper’s Global Real Estate Summit 2011.
CBRE Acquires ING’s Real Estate Investment Management Operations in Asia
CBRE has taken a big step toward the completion of its $940 million acquisition of substantially all of ING Group N.V.’s securities and management businesses, closing on the purchase of ING Group’s operations in Asia,