Investment
Easton Lynd Snaps Up $62M of Notes on Distressed Assets
The Miami-based company plans to reposition the properties and decide the next step on a case-by-case basis.
Forest City Sells Stake in L.A. Apartment Complex to JV Partner CalPERS
Forest City cites an attractive 4.5 percent cap rate in its decision to sell its 50 percent share of the property, developed jointly with CalPERS.
Washington Office Building Commands $137M in Sale to Joint Venture
Carr Properties, the Canada Pension Plan Investment Board and MetLife bought the 341,433-square-foot asset from Tishman Speyer.
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.