Investment
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.
Mesa West Provides $130M to Refi Hyatt Regency San Francisco
Mesa West Capital has provided a partnership involving affiliates of Dune Real Estate Partners L.P. and DiNapoli Capital Partners L.L.C. with a $130 million first-mortgage loan for the refinancing of the 802-room hotel in downtown San Francisco.
Israeli Investors Purchase Houston's 344 KSF The Plaza at Enclave Office Building
Continuing the trend of a high transaction volume in the Texas markets, Core Real Estate and BayNorth Capital Inc. have sold The Plaza at Enclave to an affiliate of Azrieli Group, a real estate development and investment company located in Tel Aviv.
MBA CREF Special Report: Banks Wary About Overbuilding in Key Apartment Markets
Construction lenders raised concerns about the possibility of future overbuilding in key multi-family markets at the MBA CREF 2012 conference, which opened Monday in Atlanta.
Starwood CEO Sternlicht, Partners to Invest $100M in South Beach Hotel, Condos
A consortium including affiliates of Starwood Capital Group, the LeFrak Organization and Invesco Ltd. have purchased a beachfront, mixed-use property in Miami’s South Beach, including a hotel formerly known as the Gansevoort.
SL Green Completes Pieces of $416M Transaction Announced in October
In two separate transactions, SL Green finalized previously announced deals in its prime hunting ground, Midtown New York City.
Griffin-American Snaps Up $167M in Skilled-Nursing Facilities
Griffin-American Healthcare REIT II picked up $166.5 million worth of commercial real estate from the partnership of Westport Capital Partners and Reichmann International Development in the form of 10 skilled-nursing facilities across the Southwest.
CBRE Trust Acquires 121 KSF Tampa Office Building
CB Richard Ellis Realty Trust has expanded its presence in Florida with the purchase of Sabal Pavilion, a 120,500-square-foot office building in Tampa.