Investment
George Smith Partners Adds Two Executives
The commercial real estate investment banking firm has tapped Bryan Shaffer as a senior vice president and Malcolm Davies as a vice president.
Cassidy Turley Hits $2B Mark in D.C. Office Investment Sales
The year-to-date figure marks a 450 percent increase in activity for the firm from mid-2010 to mid-2011.
RECon Report: Economy Has Hit Bottom
According to Marcus & Millichap’s 2011 national retail report, cautious optimism is the order of the day.
Investors Ink Major Hotel Deals in L.A., Chicago
Deep-pocketed investors are returning to hotels as an investment vehicle, with two more big properties changing hands recently in major U.S. markets.
Grubb & Ellis Healthcare REIT Grabs Medical Office Portfolio
Grubb & Ellis Healthcare REIT II Inc. added 10 medical office buildings spread out among eight properties to its portfolio with the acquisition of the Dixie-Lobo Medical Office Building Portfolio.
Lingerfelt Snaps Up Liberty Property Portfolio for $100M
Lingerfelt Cos. increased its large presence in the greater Richmond, Va., area by a whopping 919,000 square feet in one fell swoop with the purchase of a 14-building office and flex portfolio from Liberty Property Trust.
Behringer Harvard Sells 390-Unit San Francisco Apartment Property for $110M
Behringer Harvard just sold Waterford Place, a 390-residence apartment community in Dublin, Calif., for approximately $110 million. But it remains interested in the San Francisco market.
Economy Watch: Foreign Buyers, Farmland and Mortgage Disclosure
Americans might not be buying U.S. houses like they used to, but foreign buyers are in the market with both hands, according to a survey. Plus, Shiller lauds farmland, and the Consumer Financial Protection Bureau releases proposed mortgage disclosure forms.
HEI Acquires Sheraton Dallas North Out of Foreclosure
HEI Hotels & Resorts has acquired the 309-room Sheraton Dallas North out of REO, directly from a lender that foreclosed on the property. It is not the only upscale hotel to have faced foreclosure recently in the Dallas-Fort Worth area, nor in fact the only Sheraton to be bought out of foreclosure in Texas recently.
Cash, Stock and the REIT Market: Investment Opportunities Lie Ahead
Investment opportunities are increasing today, but many remain still to be realized, according to discussions during yesterday’s NYU Schack Institute of Real Estate 16th Annual REIT Symposium. Panelists noted that flexible investors may find better opportunities with a little more creativity.