Business Specialties
Economy Watch: Pending Home Sales Show Some Life
Pending home sales spiked unexpectedly in October, according to the National Association of Realtors on Thursday. Foreclosed properties made up a large proportion of those sales. Meanwhile, retail performed well in November.
Cedar Wraps up $65.2M in Mortgage Loans on Six Shopping Centers
Cedar Shopping Centers Inc. has closed on 10-year fixed-rate mortgage financing for a six-property suite purchased in October. The primarily supermarket-anchored properties were bought on behalf of a joint venture between Cedar and RioCan Real Estate Investment Trust, a Canadian firm.
Madison Appoints Carroll as Managing Director
In his new position, Bradley Carroll will create and implement business development strategies and source prospective investments, mostly in major U.S. markets. He comes to Madison from Tishman Speyer Properties, where he most recently served as managing director overseeing portfolio and asset management for three emerging market real estate funds.
Grubb & Ellis Healthcare REIT II Buys 45,000-SF North Carolina MOB
Grubb & Ellis Healthcare REIT II is actively looking to raise as much as $3 billion in equity in order to bolster its property portfolio.
Federle Joins NorthMarq’s San Francisco Office as SVP/Managing Director
Federle’s addition is part of NorthMarq’s investment sales expansion initiative.
Land Use Approval Paves Way for 5 MSF Industrial Park in Florida’s Nassau County
Development of the industrial complex is still in the formative stages, but with land use approval in hand, TerraPointe is moving on to the next order of business. The company will develop a marketing plan and initiate talks with site selection consultants.
Colliers’ “Global Property Clock”: Global Prospects Improved for 2011, Yet Guarded
Investors around the world like their chances of escaping a double-dip recession, but otherwise expectations for 2011 range all over the map, according to a new Colliers International report.
Emerging Trends: The Era of Less
Emerging Trends Leaders Jonathan Miller, Mitchell Roschelle and Stephen Blank discuss the 2010 results and what they implicate for the commercial real estate business during the Urban Land Institute 2010 Fall Meeting.
SPECIAL REPORT: Real Estate Companies See Strong Markets Despite High Unemployment Levels
Speakers at the National Association of Real Estate Investment Trusts’ annual convention addressing the state of the economy cited improving sector fundamentals, “unprecedented” availability of capital for REITs, as well as a possibility for interest rates to rise and cap rates to fall further in the future.
Sperry Van Ness Enters Commercial Loan Sales Arena
The latest firm striving to capitalize on distressed asset sales, Sperry Van Ness has partnered with loan sale advisory services provider Benewolf.