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Economy Watch: Nationwide Foreclosure Freeze on the Horizon?
Will all bank foreclosures be stopped, as opposed to some? That question, pretty much unthinkable a month ago, now has a life of its own.
ProLogis Fine-Tuning Deal to Sell Industrial Portfolio to Blackstone for $1B
If it comes to fruition, it will be a very, very big deal for global distribution facilities provider ProLogis.
Returning Allure of Boston Hotel Market Leads to $143.5M Radisson Deal
Investors have been rather keen on the Boston hotel market of late, and the trend continues with Northwood Investors L.L.C.’s acquisition.
Economy Watch: President Vetoes Bill Over Foreclosure Worries
H.R. 3808, the “Interstate Recognition of Notarizations Act of 2010,” didn’t begin life as a controversial piece of legislation.
$250M Sale-Leaseback Gives Realty Income 136 New Retail Assets
Realty Income’s corporate strategy centers on the acquisition of freestanding retail real estate leased by regional and national chains primarily under 15- to 20-year, triple-net lease agreements.
Economy Watch: IMF Calls Real Estate Prospects ‘Dismal’
The International Monetary Fund waxed gloomy in a report on Wednesday.
Investec Raises $130M for West Coast Retail Acquisition
The retail specialist is looking to add to its 2 million-square-foot, $650 million portfolio.
BlackRidge Acquires 300,000-SF Distribution Center in Southern California
This is the firm’s first investment in Southern California and, according to a BlackRidge principal, will not be the last.
Sold for $500M in 2007, Inimitable Eight-Acre Beverly Hills Parcel Trades for $148.3M
Joint Treasure, a global real estate-focused private equity firm representing major family investors, made the 9900 Wilshire purchase on behalf of three of its consortium partners: Hong Kong’s Chow Tai Fook Group, the Wee Cho Yaw Family Group of Singapore and David Chiu of Hong Kong’s Far East Consortium International Ltd.
Economy Watch: Positive Signs for CRE?
On Tuesday, Reis Inc. reported that national average vacancy rate for 79 U.S. office markets was 17.5 percent, which is the highest since the dim days of 1993 (and not as high as 1991 or ’92), but only 0.1 percent higher than during 1Q10.