Business Specialties
Economy Watch: Pending Home Sales Spike Unexpectedly
Pending home sales unexpected escalated in February by 8.2 percent compared with January, according to the National Association of Realtors on Monday.
Economy Watch: Is Corporate America Now Hiring?
As the sine qua non of recovery, the uptick in job creation reflected by the employment increase of 162,000 in March was widely greeted with optimism.
Starwood Eyes $2.8B Hotel Shopping Spree after Closing Two Funds
Starwood Capital Group has just closed two funds totaling $2.8 billion in ample time to capitalize on a market loaded with discounted and distressed assets.
Wells REIT II Takes IBM’s Suburban Boston Campus in $88.5M Deal
What a difference a few years and a good lease make. Four years after its $25 million acquisition of the then-vacant 490,000-square-foot office complex at 550 King Street in Littleton, Mass., a joint venture of Angelo Gordon & Co. and National Development has sold the fully leased asset to Wells Real Estate Investment Trust II Inc. for $85.5 million in an off-market transaction.
Economy Watch: Some Homeowners Back From the Brink
The Mortgage Insurance Companies of America said this week that the number of U.S. homeowners who caught up with their delinquent mortgages in February was actually higher than the number who slipped into default for the first time. That hasn’t happened in nearly four years.
Prudential, Johnson Capital Form Multi-Family Partnership
Prudential Mortgage Capital Co. has long wanted to add Freddie Mac Program Plus capabilities to its quiver. A new strategic partnership with Johnson Capital makes that possible.
USAA Partners with Crimson to Acquire $1B in Distressed Properties
USAA Real Estate Co. and Crimson Real Estate Fund L.P. have joined the fray with the creation of a new alliance to invest as much as $1 billion in distressed real estate in a variety of property sectors and locations across the country.
Yardi Aims to Expand PropertyShark Nationwide
PropertyShark marked the latest company purchase by Yardi Systems Inc., expanding the investment management and property management software provider into the real estate data realm.
New Calkain Division Geared Toward Urban Growth
From retail condominiums to big boxes, Jonathan Hipp views Washington, D.C.’s urban retail market as a place for growth. And with the formation of Calkain Urban Investment Advisors , he is prepared to be at the forefront.
CWCapital Expands West Coast Presence
CWCapital’s new Los Angeles office represents a big step for the Boston-based lender to the multi-family and healthcare real estate industries, which set its sights on creating a strong West Coast multi-family lending presence a couple of years ago and entered the market last July.