Finance
ULI Report: Too Much Capital, Too Few Assets
Too much capital chasing too few assets is compelling some investors to overpay, Ethan Penner contended during the Urban Land Institute’s capital markets conference. But the time will come when there are more opportunities than there is cash to pursue them.
Behind PNC’s Acquisition of RBC Bank USA
RBC has been a major player in the commercial real estate lending sector and the transaction will now add to PNC’s commercial real estate portfolio.
Manhattan Office Refinancings Continue with $750M Investment
Investors are attracted to the increasingly hot Manhattan office market and Invesco Real Estate is no exception. The company just acquired a stake in 230 Park Ave., the 1.4 million-square-foot tower formerly known as the Helmsley Building, in a $750 million recapitalization deal.
Strategic Recaps Fairmont Scottsdale
Per the agreement, a new joint venture has been created between the company and an affiliate of Walton Street Capital L.L.C., a private equity real estate investment firm.
Harrison Street Closes Fund with $2B at Hand
Harrison Street Real Estate Capital L.L.C. has wrapped up the final closing of Harrison Street Real Estate Partners III L.P., a private equity real estate fund focusing on the education, healthcare and storage sectors of the U.S. real estate market.
Economic Recovery? Still a Ways Away, Roubini Warns
Is the economy recovering? Maybe. But Nouriel Roubini thinks we still have a ways to go.
Emeritus Buys Out $310M Portfolio
The firm financed the purchase of Blackstone Real Estate Advisors’ share of the assisted-living properties with $40 million in cash and an increase in mortgage debt responsibility, taking it to $220 million.
Magleby to Head Capital Markets at Cushman
Cushman & Wakefield has tapped Curtis Magleby, a finance and investment specialist with two decades of experience, as senior managing director of capital markets & U.S. western region leader.
Testimony: HUD Fails to Keep Up with Mortgage Apps
The National Multi Housing Council and National Apartment Association told Congress that thousands of construction jobs could be in jeopardy, as well as revenues that could be generated for the federal government.
From the Inside: Making a Case for the GSEs
Shekar Narasimhan offers his thoughts on CPE‘s From the Inside experts blog about how the GSEs benefit the rental housing market, whether privatization is a viable alternative and the risks of failing to find a solution quickly.