Investment
Stephannie Mower: Investment Opportunities
Stephannie Mower, managing director of investment client services at Berkadia, comments about the commercial real estate investment climate, challenges, opportunities and her approach to advising clients.
Mitsui Fudosan Takes 80% Stake in D.C.'s Homer Building for $252M
Mitsui Fudosan America Inc. has completed the acquisition of an 80 percent interest in The Homer Building, a premier office property just blocks from the White House in Washington, D.C.
Economy Watch: Retail Sales Eke Out December Gain
The Census Bureau reported on Thursday that U.S. retail sales in December edged up only slightly compared with November. Americans are planning to travel more in 2012 and spend more doing it. And on Thursday, investors bought more than 10 billion euro of Spanish bonds.
Blackstone, DDR Make $1.4B Retail Play
BRE DDR Retail Holdings L.L.C., a joint venture between Blackstone Real Estate Partners VII L.P. and DDR Corp., has just spent $1.4 billion on a 47-property retail portfolio formerly owned by EPN Group.
Starwood, South Street Partners Acquire 1 MSF North Beach Towers in Myrtle Beach
A Starwood Capital Group affiliate and South Street Partners have snapped up North Beach Towers, a two-tower, 1 million-square-foot condominium complex along the water in Myrtle Beach, S.C.
Vornado, HFZ Buy Upper East Side Apartment Building for $170M
A joint venture of Vornado Capital Partners and HFZ Capital Group has purchased 11 E. 68th St. in New York City for $170 million plus closing costs and adjustments.
Economy Watch: Employment Trend Index Up, Home Prices Down
Six of eight components of the Employment Trend Index showed positive growth in December. Total U.S. consumer borrowing rose $20.4 billion in November alone. And amid new fears of Greek insolvency, investors are pouring money into Germany.
Oak Grove Capital Originates $45M Fannie Mae Loan for Florida Apartments
Oak Grove Capital’s financing origination spree for apartment properties continues as the mortgage lender completes a $45M Fannie Mae affordable loan for The Waves, a 488-unit rental community in Plantation, Fla.
2012 Seniors Housing Preview with Mel Gamzon
Longtime seniors housing real estate expert Mel Gamzon offers insights into the seniors housing market. 2011 was a big year for seniors housing and healthcare REITs, and Mel explores what strategies companies are likely to develop in 2012.
American Healthcare, Griffin Capital Complete Transfer of Grubb Healthcare REIT
Grubb & Ellis has finalized the transfer of the dealer and advisory agreements of its REIT — formerly the Grubb & Ellis Healthcare REIT II — to a co-sponsorship between American Healthcare Investors and Griffin Capital.