News
Ground Breaks on $300M George W. Bush Presidential Center in Dallas
Designed by celebrated architect Robert A.M. Stern, the Bush Center will mark the country’s 13th presidential complex.
NAREIT Report: Looking at the Big Picture
Strategies for the future and lessons learned from the recession fueled a lively exchange among REIT industry leaders at the National Association of Real Estate Investment Trusts’ annual convention in New York City.
Gulfstream to Spread its Wings in Savannah with $500M Expansion
The company will execute its multifaceted development endeavor over a period of seven years.
Economy Watch: Retail Sales See October Surprise
U.S. retail sales saw an unexpectedly pleasant 1.2 percent upward bounce in October compared with September, according to the U.S. Census Bureau. Compared with October 2009, retail sales were 7.3 percent higher last month.
NAREIT Report: REIT Leaders Size Up Industry’s Gains, Challenges
Having weathered two harsh years, the REIT industry is poised to take advantage of significant opportunities for growth during the next couple of years. That was the consensus of leading industry players during the wide-ranging opening session of the National Association of Real Estate Investment Trusts’ annual convention Monday afternoon in New York City.
Underhill Named C &W CEO of Americas Region
The real estate veteran, who will be based in Washington, D.C., will oversee branch and area leaders in the United States, Canada, Mexico, Argentina, Brazil, Colombia, Ecuador, Peru and Venezuela.
2.8 MSF MOB Portfolio to Trade for a Half-Billion Dollars
Senior Housing Properties Trust — the owner of seniors housing communities, rehabilitation hospitals, wellness centers and medical office buildings — has signed on to acquire 27 medical office buildings from CommonWealth REIT for $470 million.
CBS Inks 70,500-SF Lease with Dorsey & Whitney at New York’s Black Rock Building
Dorsey & Whitney is relocating its previous offices at 250 Park Avenue. It will occupy the eighth through 10th floors at Black Rock.
Economy Watch: The Fed’s Raskin Decries Mortgage Servicing Tactics
Sarah Bloom Raskin, the newest governor of the Federal Reserve (sworn in Oct. 4, 2010) used the occasion of her first speech as part of the Fed to take the mortgage servicing industry to task for certain recent and well-publicized problems. In fact, she actually used the term “robo-signers.”
Apollo Buys Citi Property Investors
While the deal’s financials are not being released, Citi had more than $3 billion in assets under management as of June 30. Apollo and Citi signed a purchase agreement in May.