News
Yet Another Acquisition: Healthcare Trust Makes $40M Deal
Healthcare Trust of America is continuing its medical office building spending spree.
Fitch: Improved Liquidity May Have U.S. Equity Reits Shifting to Offense
According to a special report by Fitch Ratings, the liquidity picture is brightening for U.S. equity REITs.
Economy Watch: Retailers See the Green Shoots of Spring
Was it an early Easter — good weather after bad? A comparison to last year’s numbers, which were abysmal all around for retailers? Or were consumers just tired of their belt-tightening, penny-pinching ways, at least for now?
Balfour Beatty Team Tapped for $900M DFW Airport Project
Dallas/Fort Worth International Airport is undergoing a massive makeover and Balfour Beatty Construction, along with its joint-venture partners, will do the handiwork.
Voit: Orange County Office Market Shows Signs of Stabilizing
In Orange County, Calif., an office market hard-hit by the recession and in particular the disappearance of real estate-related businesses, there are signs of revival.
North American Development Enters California Market with $23.5M Shopping Center Acquisition
Shopping center development firm North American Development Group has taken a toehold in the Golden State. The company has acquired Rock Creek Plaza, a 205,100 square-foot regional shopping center in the town of Auburn near Sacramento.
Equity Snaps up $167M Luxury D.C. Property
In another example of commercial real estate companies taking advantage of distressed-asset availability, Equity Residential has purchased a luxury Washington, D.C. apartment property in an all-cash $167 million transaction.
RBC Consumer Outlook: Consumers Down on Economy, More Bullish on Personal Finance
While most Americans believe their local economy isn’t going anywhere in a hurry, there are signs of growing confidence with regard to consumers’ personal financial situations. That’s according to the monthly RBC Consumer Outlook Index.
Economy Watch: Consumers Still Leery of Credit
U.S. consumers continue to pursue an entirely rational approach to the not-quite-over recession, especially that part about continuing high unemployment and underemployment, by cutting back on borrowing.
Self-Storage Sales Continue Upswing with Public Storage’s $189M Portfolio Purchase
Transaction activity in the self-storage sector continues to pick up as Public Storage signs on to purchase a group of 30 properties primarily located in Southern California for $189 million.