Research Center
KBS REIT III Buys Downtown Minneapolis Office Building for $118M
KBS Real Estate Investment Trust III has acquired the RBC Plaza, a 678,045-square-foot, mixed-use office building in downtown Minneapolis, from Brookfield Office Properties for $118 million.
2013 Top Mortgage Banking Firms
Over the next year, the mortgage banking industry is looking at an increase in business overall, but just by a slight edge. Shadowing the industry with uncertainty over Fannie/Freddie on the multifamily side, transaction levels and the economy probably serve to promote some cautious optimism.
Phillips Edison–ARC Shopping Center REIT Acquires 508 KSF Shopping Center Portfolio in Atlanta
Phillips Edison-ARC Shopping Center REIT has started the new year where it left off in 2012 – with another acquisition – a portfolio of six grocery-anchored shopping centers in the Atlanta area, which the Cincinnati-based REIT acquired for $60.5 million.
$7B REIT to Emerge from Spirit, Cole Merger
There are advantages to being one of the big kids on the block and Spirit Realty Capital and Cole Credit Property Trust II Inc. are about to join forces to become part of the higher echelon of publicly traded net-lease REITs.
Buying New
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
Job Search
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
Wells Core REIT Acquires 584 KSF Office Center in Atlanta
Wells Core Office Income REIT has acquired a two-building office and data center in the Central Perimeter submarket of Atlanta from Rubenstein Partners for $119 million. It was Atlanta’s biggest lease of 2012.