Investment
Hotels Draw Buyers
A vintage California property and a hotel in the nation’s capital are only the latest signs of heightened investor interest.
Joint Venture Sets Sights on Renewed Brownfield Market
Brownfield Partners L.L.C. has joined forces with EnviroFinance Group L.L.C. to launch a subsidiary focusing on brownfield redevelopment.
Northwest Care, Heitman Eye Seniors Housing in $125M Venture
The West Coast-focused strategy includes potential markets such as Portland, Sacramento, San Francisco, Los Angeles and San Diego.
South Florida Retail Center Fetches $66M in Sale to REIT
New owner Federal Realty Investment Trust cited the property’s densely populated Broward County trade area as well as its significant redevelopment potential.
Angelo, Gordon Takes Suburban Cincinnati Industrial Asset
Stan Johnson Co. arranged the sale of the 335,700-square-foot property for Cincinnati United Contractors, which developed the property in 2001.
Market View: Seniors Housing
While the seniors housing industry certainly has not been recession proof, it has survived the depths of the economic downturn. As 2011 begins, the industry is being transformed from a 25-year upstart to a full-fledged member of the real estate community.
AFIRE Survey: U.S. Offers Foreign Investors Bang for Their Buck
Foreign real estate investors would do well to look toward U.S. shores, according to the Association of Foreign Investors in Real Estate’s 19th annual survey. AFIRE, which surveys respondents holding more than $627 billion in global real estate, including $265 billion in the United States, found that investment opportunities are stronger than they have been for the last decade.
Colliers Expansion Leads into Kansas City
Colliers International continued its 10-year growth effort with the addition of Kansas City service leader The Winbury Group.
Brookfield Properties Picks Up 650 Mass Ave. in D.C. for $113M
The flurry of office transactions in Washington, D.C., continued with Brookfield Office Properties’ purchase of 650 Massachusetts Ave., N.W. Brookfield plunked down $113 million in cash to buy the property from Washington Television Center L.L.C.
Economy Watch: Pending Home Sales Show Some Life
Pending home sales spiked unexpectedly in October, according to the National Association of Realtors on Thursday. Foreclosed properties made up a large proportion of those sales. Meanwhile, retail performed well in November.