Forward AFFO Payout Ratios
Cousins Recaps Struggling $177M Terminus 200 Office Building in Atlanta via New JV
Cousins Properties Inc. has traded one joint venture partner for another in the recapitalization of Terminus 200, its brand new $177.3 million Class A office tower in Atlanta’s Buckhead submarket.
Simon Makes ‘Best and Final’ Offer
Simon Property Group has issued what it says is a final offer to acquire bankrupt retail REIT General Growth Properties. Simon now says it will pay $6.5 billion for the company, which translates to $20 per share.
Dividend Capital to Plunk Down $1.4B for 33-Property Office and Retail Portfolio
Dividend Capital Total Realty Trust Inc. is on the verge of increasing the size of its portfolio by 40 percent in one fell swoop.
GGP Said to Prefer Brookfield Proposal
General Growth Properties appears to have chosen a proposal from Brookfield Asset Management to help lead the shopping-center REIT out of bankruptcy.
CoStar: No Rose-Colored Glasses Just Yet
According to CoStar’s Q1 State of the U.S. Retail Market, things are still tenous out there. The information, analytics and research firm’s April 29 event looked at availability, vacancy, construction starts and transaction volume – and found that difficulty still provides friction against forward motion.
Eyeing the Global CRE Market, Macquarie CNL Commences $1.5B First Public Offering
For the last year, a bevy of new investment vehicles have been popping up in hopes of capitalizing on what is now a buyers’ market in commercial real estate, and Macquarie CNL Global Income Trust Inc. is among the latest.
Simon Proposal: Additional $2.1B in Capital
Simon Property Group has upped the ante on its April 14th proposal to buy bankrupt retail owner General Growth Properties. The company said on Thursday that in addition to its investment of $2.5 billion at the same per share price as the reorganization plan sponsored by Brookfield Asset management, it has received a $2.1 billion commitment from Paulson & Co., ING Clarion Real Estate Securities, Oak Hill Advisors, RREEF and Taconic Capital Advisors.
Deloitte: REITs the New Infrastructure Investment Opportunity
According to a new report from Deloitte, REITs could offer a potential avenue for infrastructure investment.
Simon Offers $2.5B to Match Brookfield Bid for General Growth
In a continuation of the bidding war for bankrupt retail REIT General Growth Properties, Simon Property Group, Inc. on Thursday sent a letter offering to invest $2.5 billion in a General Growth reorganization at the same per share price as the reorganization plan proposed by Brookfield Asset Management.
Former Legg Mason Tower in Baltimore Gets New 94,200-SF Tenant
Law firm Ober|Kaler has just committed to 94,000 square feet at Legg Mason’s onetime home at 100 Light Street, soaking up a noteworthy chunk of the available space at the 520,000-square-foot, Class A office tower.