Regions
Jersey City Office Tower Commands Record $378M for Brookfield
Multi-Employer Property Trust, a national real estate equity fund, raises its profile in the metropolitan New York City market.
Seniors Housing Portfolio Trades for $52M
With investors’ eyes on seniors housing these days, ownership of a three-property portfolio in Indiana became the latest to trade hands.
GGP Reaches Refinancing Goals with $966M of New Mortgages
The four most recent transactions bring GGP’s refinancings to $3.9 billion for the year.
EXPO REAL Report: Euro Zone Crisis Prompts Mixed Sentiment
Europe’s growing sovereign debt crisis topped the list of concerns at this year’s EXPO REAL, which drew 37,000 attendees to Munich this month.
Africa Israel Sells Manhattan’s Clock Tower Building for $165 Million
The sale brings down the curtain on Africa Israel’s plan to convert the 267,000-square-foot property into high-end condominiums.
Philadelphia’s High-Rise Drought Eased by 34-Story Apartment Project
The $104 million project would be the first high-rise in any property category to get under way in the city since the 2008 opening of Comcast Center.
Economy Watch: Spike in Retail Sales Contradicts Consumer Gloom
Spending rose 1.1 percent month-over-month, the largest gain since early this year, but the Reuters/University of Michigan consumer sentiment survey underscored doubts about the economy.
Faneuil Hall Marketplace, 2 Other Properties Fetch $280M for GGP
Taken together, the sales of the three properties remove $95 million in mortgage debt from the retail REIT’s balance sheet, the company said.
Economy Watch: Home Foreclosures Down, But Still High
A 34 percent year-over-year decline may be merely a pause before the next uptick, RealtyTrack reported.
Global Direct Investment Up 43% This Year: Jones Lang LaSalle
Transactions in Europe, the Americas and the Asia Pacific region totaled $297 billion through the third quarter.