Finance
Laying the Foundation: In Fast-Paced BRIC Countries, Patience and Nimbleness Translate to Success
For some years now, Brazil, Russia, India and China have offered happy hunting grounds to U.S.-based real estate companies. Despite their ups and downs, the four countries that have come to be collectively known as the “BRIC nations” have shown steadily improving transparency and sophistication in their investment, development and service markets. By Paul Rosta.
Retail Property Investing: What’s It Gonna Take to Do It Right
To get through this period of economic uncertainty, it’s gonna take money—patient capital; capital invested for the long haul—to do it right in the cut-throat competition of U.S. retailing and the stores sector of the property market. By Hugh F. Kelly, PhD, CRE.
Going Dark: Is Net Lease Immune to Turmoil in Big-Box Retail?
Is retail a victim of the Internet and heading the way of the horse and buggy? While big-box stores have been hit hard by both technological and economic trends, net-lease players still report that closings for single-tenant properties have been muted. By Keat Foong.
Exclusive: Cushman's CEO Sees Slow Start, Strong Finish for Global Market in 2012
The moderately upbeat projection of services firm Cushman & Wakefield Inc. paints a global real estate picture that is on track to brighten by the second half of 2012, according to the company’s CEO, Glenn Rufrano.
Ranieri, Ross Complete Acquisition of Renamed Deutsche Bank Berkshire Mortgage
Ranieri Real Estate Partners L.P. and private equity funds affiliated with WL Ross & Co. L.L.C. have completed their acquisition of Deutsche Bank Berkshire Mortgage, formerly a subsidiary of Deutsche Bank.
Brookfield Refis Five Multi-Family Properties for $400M
In a deal arranged and closed by HFF, Brookfield Real Estate Financial Partners has secured a $400 million, seven-year, floating-rate refinance loan from M&T Realty Capital Corp. for a 2,600-unit multi-housing portfolio.
Vornado Refis NYC's 100 W. 33rd for $325M
Vornado Realty Trust’s flurry of activity in Manhattan continues as the REIT wraps up the refinancing of 100 West 33rd St., a mixed-use office property encompassing 1.1 million square feet. The transaction marks the completion of Vornado’s third Manhattan refinancing deal this year.
North American Investor Optimism Leads the Way at MIPIM 2012 Despite Uncertainties
Senior industry leaders gathered at the exclusive pre-MIPIM 2012 event hosted by CREOpoint CEO J.C. Goldenstein to share both their expectations for the week and their sentiments on the global real estate environment.
The mood among participants was mostly positive. After sitting on the sidelines for several years, yield-starved investors are eager to find new opportunities. Howard Roth, global real estate leader for Ernst & Young L.P., was “cautious but positive, even in Europe, thanks to the recent stimulus,” he said. “There’s plenty of equity looking for a home this year.”
Demitrios Louziotis, senior vice president of global real estate solutions at ARGUS Software, may have best summarized the mood. “This time last year, the champagne glass was half full,” he said. “When we got to the fourth quarter, we realized the bottle was empty. Now the question is where is the next bottle coming from — and who’s bringing it.”
Mixed-Use Buckhead Place Development in Atlanta Gets $50M Refi
Buckhead Place, a mixed-use development in the Buckhead submarket of Atlanta, has just seen a $50 million permanent financing arranged by CBRE’s capital markets team, which represented the development’s owner, Buckhead Place L.L.C.
Mortgage Bankers Roundtable, Part II: Taking Stock of Today's Financing Conditions
In this second part of CPE’s 2012 Mortgage Bankers Roundable, top commercial real estate finance executives address interest rates, underwriting standards, CMBS and the future of Fannie and Freddie.