Research Center
SL Green JV Recapitalizes 4.5 MSF West Coast Office Properties
East Coast office giant SL Green Realty formed a joint venture to recapitalize a 31-property office portfolio in Southern California.
Griffin-American Healthcare REIT Acquires Six Buildings for $109M
The healthcare REIT’s addition of the latest six buildings brings its total portfolio value to approximately $1 billion, based on the amount paid for the 121 buildings in 26 states.
2012 Top Owners
Our 2012 look at the top real estate owners had lead us to believe that hold periods are getting longer, certainly ranging from the usual five to even 10 years before a property is spun off, with some holdings now spanning generations.
Summer Stammers?
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
Back in Brooklyn
(NYC commercial lis pendens by borough) By Adriana Limbasan Commercial pre-foreclosures in New York City saw a 19 percent decrease in August 2012, reaching 203, down from 252 in July 2012 and 251 in August 2011—good news for the city. Brooklyn particularly stood out in its recovery. Although it accounted for 46 percent of the lis pendens citywide, it registered the highest decrease among the five boroughs, dropping by 39 percent over the previous month, to 94 from 153, and 23 percent over the same month a year ago, when it had 122 lis pendens. It was closely followed…
Officed Up
By Larry Kay The CMBS delinquency rate has reached a new high at the end of each month through the first half of this year. At the end of June, the rate was 9.62 percent, up from 9.43 percent last month and 9.07 percent one year ago. The amount delinquent increased to $44.75 billion in June, although the monthly increase was less than 1 percent. The amount delinquent movements have been negligible each month this year, ranging from an increase of 2.3 percent to a decrease of 2.4 percent. Despite the fluctuations, however, the amount delinquent at mid-year was actually…
Mixed Demand
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
Inching Along
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)