Investment
Pacific Newport Rakes in $85.3M in Southern California’s Largest Industrial Sale of 2010
Harbinger of big change or no, Southern California has just seen its largest industrial property transaction of the year to date with Pacific Newport Properties Inc.’s disposition of Mira Loma Distribution Center.
Economy Watch: FHFA Estimates Fannie, Freddie’s Ultimate Cost
The Federal Housing Finance Agency said on Thursday that the two GSEs might need as much as a combined $363 billion from the federal government through 2013, while the Conference Board Leading Economic Index for the United States increased 0.3 percent in September to 110.4, and chief administrative officer Robert Rizzo or two other top officials of Bell, Calif., have been charged with misappropriating of $180,000 of affordable housing money.
Global Investment Could Hit $290B for Year: Jones Lang LaSalle
By year’s end, global transaction value could jump 35 percent to 40 percent compared to 2009, Jones Lang LaSalle estimates.
Capital Markets Veteran Makes Move to Cushman & Wakefield
Gregory Vorwaller comes to Cushman from CB Richard Ellis, where he served for 17 years.
Gilbert Named CIO at ING Clarion
A 28-year veteran of the real estate industry, Gilbert has worked as a portfolio manager with ING since 2007.
ULI Report: Bill Marriott’s Secrets to Success
The Marriott brand has survived and sometimes thrived since 1929. How has it persevered while so many others have gone by the wayside? J.W. Marriott Jr. offered insights during a keynote session at the Urban Land Institute Fall Meeting.
ULI Report: Bair, Housing Experts Consider Government, Bank Roles
Opening keynote speaker Sheila Bair and a panel of housing experts offered a mixed view of government and lender involvement during the first general session of the Urban Land Institute Fall Meeting on Wednesday.
Newsum at ULI: In Real Estate, Relationships Matter
Urban Land Institute chairman Jeremy Newsum urges owners to accept their involvement in the nation’s economic downturn and better move forward by recognizing the need to operate properties as part of their larger neighborhoods.
Sold for $500M in 2007, Inimitable Eight-Acre Beverly Hills Parcel Trades for $148.3M
Joint Treasure, a global real estate-focused private equity firm representing major family investors, made the 9900 Wilshire purchase on behalf of three of its consortium partners: Hong Kong’s Chow Tai Fook Group, the Wee Cho Yaw Family Group of Singapore and David Chiu of Hong Kong’s Far East Consortium International Ltd.
Bandolik Returns to Deloitte, Joining Growing Distressed Debt and Asset Practice
Hired as a director with Deloitte Financial Advisory Services L.L.P., Bandolik contributes a background in real estate investment, accounting, investment banking, capital fundraising and debt placement, a combination of skills he views as ideal for advising investors, borrowers and lenders in today’s difficult economy.