Investment
Zell, Linneman Offer Unsparing Views in ULI Keynote
Sam Zell and Peter Linneman kicked off the Urban Land Institute’s spring conference Wednesday with frank, witty and frequently caustic perspectives on the state of the industry and of the nation.
Starwood Eyes $2.8B Hotel Shopping Spree after Closing Two Funds
Starwood Capital Group has just closed two funds totaling $2.8 billion in ample time to capitalize on a market loaded with discounted and distressed assets.
Wells REIT II Takes IBM’s Suburban Boston Campus in $88.5M Deal
What a difference a few years and a good lease make. Four years after its $25 million acquisition of the then-vacant 490,000-square-foot office complex at 550 King Street in Littleton, Mass., a joint venture of Angelo Gordon & Co. and National Development has sold the fully leased asset to Wells Real Estate Investment Trust II Inc. for $85.5 million in an off-market transaction.
USAA Partners with Crimson to Acquire $1B in Distressed Properties
USAA Real Estate Co. and Crimson Real Estate Fund L.P. have joined the fray with the creation of a new alliance to invest as much as $1 billion in distressed real estate in a variety of property sectors and locations across the country.
New Calkain Division Geared Toward Urban Growth
From retail condominiums to big boxes, Jonathan Hipp views Washington, D.C.’s urban retail market as a place for growth. And with the formation of Calkain Urban Investment Advisors , he is prepared to be at the forefront.
MIPIM Coverage: Core is King
The Pricewaterhouse Coopers Emerging Trends in Real Estate (Europe) report 2010 highlights the fact that there is cautious optimism in the real estate market, but we should “expect a long, slow haul.”
Economy Watch: Investors From Aboard Eye US CRE
Overseas investors could be on their way in droves to invest in US commercial real estate, according to the international real estate advisory firm Savills.
New $300M Fund to Target U.S. Assets Overlooked by the Competition
The number of new funds created to take advantage of U.S. properties with little hope of securing refinancing continues to grow, but the recently created Valeo Fund will not be looking for the most coveted opportunities.
Kennedy Wilson Kicks Off New Investment Platform with $342M Loan Acquisition
Plenty of firms have formed new divisions to snap up loans on distressed commercial real estate and Kennedy Wilson is among them. The Beverly Hills, Calif.-based real estate investment and services firm has made its first move for its newly created investment platform, and it’s a big one.
Ready to Buy?
When will the distressed-asset market reach a point at which buying such properties will make sense? Respondents to CPE’s latest fast poll largely think the time is now or fast approaching.