Research Center
CSC Scoffs at Simon’s $4.6B Acquisition Proposal
Simon Property Group Inc., the largest real estate company in the United States, extended an offer to acquire Capital Shopping Centres Group PLC, the United Kingdom’s leading shopping center REIT, for 425 pence per share in cash, or approximately $4.6 billion. CSC wasted precious little time responding to Simon with a very firm “No.”
First Potomac Buys D.C. Office Building for $49.5M
This is the REIT’s seventh office purchase this year and its third in the D.C. area. First Potomac has bought a total of 1.3 million square feet in office properties in 2010.
Pebblebrook CFO Talks Turkey as REIT Passes $600M Mark
Pebblebrook made its first acquisition in June with the purchase of the 269-room Doubletree Bethesda Hotel and Executive Meeting Center in suburban Washington, D.C. With the closing of the 306-room Sofitel Philadelphia transaction, the REIT now owns eight hotels in seven metropolitan areas.
SL Green to Acquire $390.8M in Investments from Gramercy Capital
SL Green has been particularly active this year in continuing its portfolio-repositioning strategy in New York. Recent deals include the $250 million recapitalization of Three Columbus Circle as well as an agreement to sell the 292,000-square-foot office building at 19 W. 44th St.
The REIT Effect, with Jay Leupp
Grubb & Ellis Alesco Global Advisors President Jay Leupp offers his observations and predictions on what’s coming for REITs during REITWorld 2010.
Phillips Edison-Arc Taps Addy as COO
Mark Addy is back in a role he previously held at shopping-center firm Phillips Edison, having served as COO from 2004 to 2010. Prior to that, he was senior vice president.
Blackstone Wraps Up $1B Purchase of ProLogis Industrial Assets
The group of 182 premier assets, leased to more than 500 tenants, spans 28 key markets across a total of 19 states.
SPECIAL REPORT: Real Estate Companies See Strong Markets Despite High Unemployment Levels
Speakers at the National Association of Real Estate Investment Trusts’ annual convention addressing the state of the economy cited improving sector fundamentals, “unprecedented” availability of capital for REITs, as well as a possibility for interest rates to rise and cap rates to fall further in the future.
NAREIT Report: Looking at the Big Picture
Strategies for the future and lessons learned from the recession fueled a lively exchange among REIT industry leaders at the National Association of Real Estate Investment Trusts’ annual convention in New York City.
NAREIT Report: REIT Leaders Size Up Industry’s Gains, Challenges
Having weathered two harsh years, the REIT industry is poised to take advantage of significant opportunities for growth during the next couple of years. That was the consensus of leading industry players during the wide-ranging opening session of the National Association of Real Estate Investment Trusts’ annual convention Monday afternoon in New York City.