News
$250M Sale-Leaseback Gives Realty Income 136 New Retail Assets
Realty Income’s corporate strategy centers on the acquisition of freestanding retail real estate leased by regional and national chains primarily under 15- to 20-year, triple-net lease agreements.
Economy Watch: IMF Calls Real Estate Prospects ‘Dismal’
The International Monetary Fund waxed gloomy in a report on Wednesday.
Investec Raises $130M for West Coast Retail Acquisition
The retail specialist is looking to add to its 2 million-square-foot, $650 million portfolio.
BlackRidge Acquires 300,000-SF Distribution Center in Southern California
This is the firm’s first investment in Southern California and, according to a BlackRidge principal, will not be the last.
Colliers Nails Down 100K SF Midtown Manhattan Leasing Expansion, Renewal
Under the terms of the lease, Loews will be located on the fourth through eleventh floors of the building.
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.
Economy Watch: Positive Signs for CRE?
On Tuesday, Reis Inc. reported that national average vacancy rate for 79 U.S. office markets was 17.5 percent, which is the highest since the dim days of 1993 (and not as high as 1991 or ’92), but only 0.1 percent higher than during 1Q10.
Ventas to Buy Interests in 58 Sunrise Seniors Housing Assets in $186M Deal
In addition to leaving Ventas as full owner of the 58 assets, the deal calls for a revision of the management agreement for the 21 properties that Sunrise presently manages on behalf of Ventas, in addition to the 38 communities it will manage upon the transaction’s completion.
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.
Lowe, JBG Partner on Mixed-Use Development in Nation’s Capital
The Fort Totten project will offer residential and retail space and be positioned as a transit-oriented development.