News
Lennar Wraps Up $740M Acquisition of Distressed Real Estate Assets
All told, 35 percent of the assets are commercial, with the remaining portion accounting for residential assets. The financing portion of the portfolio includes a group of 397 loans consisting predominantly of non-performing residential and commercial acquisition, development and construction loans.
Economy Watch: State Leaders Call for End to Foreclosures
Attorneys general are calling for a halt to foreclosure activity in a number of states, with mixed success.
Boston Properties to Grab the 1.7 MSF John Hancock Tower in Boston for $930M
The John Hancock Tower’s price tag of approximately $289.5 million in cash and the assumption of a $640.5 million senior mortgage loan with a 5.68 percent fixed rate constitutes quite a discount, considering that the property traded in 2006 for $1.3 billion.
Balfour Beatty JV Wins Contract for $1.2B Army Data Center Project in Utah
Securing a government development deal usually means big bucks, and such is the case for a joint venture involving Balfour Beatty Construction, DPR Construction and Big-D Construction.
Economy Watch: Old Republic National Title Nervous about Foreclosed Properties
It’s official: questioning foreclosure documents is a bandwagon, and it seems that many parts of the residential real estate industry are jumping on.
Southern Union Leases 193,000 SF in Houston
Natural gas firm Southern Union has found a new place for its headquarters to dwell.
CPE Radio: Women’s Advancement in Real Estate
CREW Network CEO Gail Ayers and President Kristin Blount discuss women’s advancement in the commercial real estate industry in the days leading up to the 2010 CREW Network Convention & Marketplace, taking place in San Francisco on Oct. 20-23. Among the events will be the announcement of this year’s 20 Under 40 award winners.
Carlyle’s $653M Purchase of France’s B&B Hotel Group a Done Deal
Over its 20 years in existence, B&B has built a 16,162-room portfolio of what the company describes as “high end” budget hotels designed to appeal to business and leisure travelers at locations in France, Germany and Italy.
Manulife Enters San Francisco with $265M Purchase of 770,000-SF Market Center
Both structures feature ground-level retail space and sit just across from a Bay Area Rapid Transit system station.