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Donahue Schriber Completes $1.2B Balance Sheet Recap
Donahue Schriber set out to recapitalize its balance sheet to the tune of $1.2 billion and the shopping-center developer has done just that.
Economy Watch: Asian Markets Get U.S. Debt-Ceiling Blues, Alabama County Eyes Bankruptcy, Gallup Poll Says Americans Not Confident in Economy
The world began protesting more loudly on the Congressional debt-ceiling impasse in Congress. Jefferson County, Ala., may vote on Chapter 9 bankruptcy this week. And Gallup’s Economic Confidence Index fell to minus 41 in the week ending July 17.
CBRE Tapped by IndCor to Manage 22 MSF Industrial Portfolio
CB Richard Ellis Inc. has had a busy week after being chosen by IndCor Properties Inc. to manage an industrial property portfolio totaling 22 million square feet across 10 states.
Dundee REIT Picks up $832M Portfolio Across Four Canadian Cities
Dundee REIT announced it purchased a portfolio of office properties worth $831.8 million from affiliates of Blackstone Real Estate Advisors LP and Slate Properties Inc.
Strategic Hotels’ Refi Frenzy Continues with $130M Loan on Four Seasons D.C.
Strategic just closed a $130 million limited-recourse loan secured by the premier 222-room property in D.C.’s upscale Georgetown neighborhood.
Economy Watch: Progress on U.S. Debt Ceiling Still Unclear
The rumor mill was in high gear on Capitol Hill on Thursday as vague stories of Deal or No Deal on the debt ceiling were fast and thick. A solution of sorts to the Greek debt crisis seemed to emerge on Thursday, and the Leading Economic Index for the U.S. increased 0.3 percent in June to 115.3.
Host Hotels to Purchase the Grand Hyatt Washington, D.C., for $442M
Host Hotels & Resorts Inc. is on track to acquire the Grand Hyatt Washington, D.C., for $442 million in what will be one of the largest hotel transactions in the metropolitan area so far this year.
Invesco Secures $72.8M Loan Through ING
The loan money is once again flowing. On Thursday, ING Real Estate Finance announced the closing of a $72.8 million term loan with Invesco Real Estate.
CBRE Wins Exclusive Rights to 300 MSF USPS Contract
Clearly, CB Richard Ellis Inc. didn’t mail it in when bidding for a big contract with the U.S. Postal Service, because the commercial real estate services firm is now the solutions provider for the entire Postal Service and its 300 million-square-foot portfolio.
Economy Watch: CRE Prices See Uptick in May, Home Sales Drop, Sound and Fury on Capitol Hill
U.S. commercial real estate prices were up in May for the first month-over-month increase in six months, but the NAR reported existing-home sales declined to 4.77 million in June from 4.81 million in May. And while most Republicans want a debt-ceiling compromise with the president, the House rank-and-file is another matter.