Investment
Campus Advantage, Pension Fund Complete $100M Student Housing JV
Student housing owner/manager Campus Advantage of Austin, Texas, has closed a $100 million joint venture with one of the nation’s largest pension funds following its recent acquisition of two properties, the company announced late last week.
Hudson, RXR Launch Joint Lending Platform for New York Region
Real estate fund manager Hudson Realty Capital L.L.C. and RXR Realty, a private real estate company, have joined forces to create a commercial real estate lending platform focused on the New York Tri-State market.
Healthcare Trust Acquires 203 KSF Medical Office Building in Michigan
Healthcare Trust of America Inc. expands its presence to 26 states with the $51.3 million acquisition of a 203,000-square-foot medical office building sited on a 200-acre medical campus 30 miles outside of Detroit in Novi, Mich.
Video Recap: State of the Industry from MBA CREF
Members of Jones Lang LaSalle Inc.’s executive team discuss industry trends from the Mortgage Bankers Association’s Commercial Real Estate Finance/Multi-Family Housing Convention & Expo 2012 that concluded last week in Atlanta.
Sterling, Specialized Partner on 1,232-Bed Project at University of Arkansas
Sterling University Housing has partnered with Specialized Real Estate Group to construct two student-housing developments — totaling 1,232 bedrooms — near the campus of the University of Arkansas-Fayetteville.
Insight Spends $75M to Transform Silver Spring Post Office into Apartments
Insight Property Group, along with partner Nova-Habitat Inc., has selected the USPS’s Silver Spring facility as the site of a 310-unit, $75 million apartment project.
Chartres, Apollo Global JV Buys Times Square Novotel in $212M Deal
Under a sale and management-back agreement, a subsidiary of Accor Business and Leisure Management has sold the 480-room Times Square Novotel in New York to a joint venture of Chartres Lodging Group and Apollo Global Real Estate Management.
Economist’s View: A Better Economy in 2012?
While the holiday season brought a small jolt of energy to the economy, it did not provide enough fizz to make everyone’s celebration cups full. By George Ratiu.
MBA CREF Special Report: Economists See Slow Improvements, Slightly Higher Interest Rates
After the final day of the MBA CREF conference in Atlanta, the take-home message was that the U.S. economy will grow a bit in 2012, coupled with a rise in interest rates, while the volume of commercial property will continue to expand.
Blackstone Takes 3.5 MSF of U.K. Industrial from Prologis
Blackstone is no stranger to huge deals, and its latest transaction makes it the owner of 3.5 million square feet of industrial space in the United Kingdom after making a $335 million, 13-property purchase from Prologis.