Commercial Real Estate

Buffett Wants This Site To Be Fully Furnished

April 18, 2012

Most retailers don’t build their own stores. But Nebraska Furniture Mart Inc., owned by Warren Buffett’s Berkshire Hathaway, wants to do just that—along with developing a city-within-a-city around it on a 433-acre swath in a Dallas suburb.

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AIG to Return to U.S. Property Investing

April 11, 2012

American International Group is planning to jump back into U.S. property investing, reversing yearslong efforts to downsize its real-estate business in the wake of its near-collapse and government bailout in 2008.

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Property Investors Lie in Wait in China

April 11, 2012

Cash-strapped Chinese property companies may face a reckoning this year amid high debts and a government campaign to bring down housing prices. If that happens, a number of outside investors are waiting to step in.

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Manhattan Tower’s Fate Resolved

April 11, 2012

A group of creditors including Related Cos., CIM Group and HFZ Capital won control of One Madison Park, a nearly-completed glass condominium tower in Manhattan that had been stalled in court fights for more than two years.

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Europe’s Gentler Debt Deals

April 10, 2012

The commercial mortgage-backed securities market in the U.S. has increasingly resembled a battlefield as delinquencies have mounted and lawsuits, foreclosures and other fights have mushroomed. In Europe, by comparison, some efforts to fix distressed commercial mortgage securities, or CMBS, look refreshingly civilized.

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Short of New Funds, Firm Takes a ‘Pause’

April 4, 2012

A once-highflying real estate fund that counts Harvard University, Duke University and other blue-chip names as investors is laying off its entire investment staff after determining it can’t raise new funds.

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Rio Hopes for an Olympic-Style Revival

April 4, 2012

Four years before it hosts the 2016 Games, an Olympian effort is under way in Rio de Janeiro to make over the city, which also will host the World Cup finals in 2014.

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Michigan Case Puts a Chill in the Air

April 3, 2012

A legal ruling potentially could give many debtholders across the U.S. new grounds to recover money from landlords who lost their properties to foreclosure.

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What’s the Deal

April 2, 2012

Fashion boutique Rag & Bone is planning to open its first Upper East Side store—but its sixth in New York—in former bank space along the trendy Madison Avenue retail strip.

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Office Leasing’s Big Drop

April 2, 2012

Commercial real-estate brokerages on Monday begin releasing their reports on first-quarter office-leasing activity, and the numbers don’t bode well for the firms’ New York profits.

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Havas Makes Hudson Home

April 2, 2012

After a two-year search, Havas SA has leased 260,000-square-feet from Trinity Real Estate, in a deal that will create a two-building campus for the firm at 200 and 205 Hudson St.

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Brick & Mortar Decisions No Longer Just About Dollars & Cents at H-P

March 29, 2012

Costar… With new CEO and ‘CIO’ officers at the helm, Hewlett Packard (HP) is realigning its organizational structure – a portion of which has it taking global real estate decision-making away from its financial managers and putting it into the hands of its techies. The move likely means that the real estate consolidation the company said was largely completed last year may not be over. HP’s global real estate footprint encompassed nearly 70 million… Go here to see the original: Brick & Mortar Decisions No Longer Just About Dollars & Cents at H-P Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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ULI: Consensus of Economists Sees Promising CRE Outlook Through 2014

March 29, 2012

Costar… Even among the stream of positive real estate surveys and forecasts recently, the one issued this week by the Urban Land Institute (ULI) stands out. Expressing the consensus views of 38 leading real estate economists and analysts from across the U.S., ULI reported commercial real estate market conditions and the overall economy is expected to see broad improvement over at least the next two years as the recovery cycle kicks into overdrive and shifts… See original here: ULI: Consensus of Economists Sees Promising CRE Outlook Through 2014 Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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RREEF America Jumping into New-Fangled REIT Arena

March 29, 2012

Costar… Possibly just weeks away from being sold, RREEF America LLC isn’t sitting around waiting to find out who its new owner is. The leading real estate investment manager is planning to form a new REIT to be called RREEF America Property Income Trust Inc. and hold an initial public stock offering to raise up to $2.5 billion. The new property income REIT will invest primarily in properties, but also in real estate debt and publicly traded REIT stocks, although… Go here to see the original: RREEF America Jumping into New-Fangled REIT Arena Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Real Estate, Restaurant Franchise Growth Starting To Heat Up

March 29, 2012

Costar… There are signs of an improved outlook in certain economic areas where franchises are traditionally strong performers, such as the restaurant and business and personal services industries, according to the International Franchise Association (IFA) and GE Capital Franchise Finance. The IFA released its first quarterly update to its economic outlook prepared by IHS Global Insight in December 2011. IFA is updating its Franchise Business Economic Outlook… Read more: Real Estate, Restaurant Franchise Growth Starting To Heat Up Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Rockpoint Trades Parc 55 Wyndham for $235 Million

March 28, 2012

Costar… Rockpoint Group LLC sold Parc 55 Wyndham at 55 Cyril Magnin St. in San Francisco to New York-based The Blackstone Group for $235 million, or $231,984 per room, in a distress sale. The 700,985-square-foot hospitality building is located blocks from Union Square. The property includes 1,013 rooms and was awarded an Energy Star label for the last four years consecutively. No brokers were mentioned. Please reference CoStar COMPS #2279499 for more… Go here to read the rest: Rockpoint Trades Parc 55 Wyndham for $235 Million Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Inland American Moves Up

March 28, 2012

Inland American Real Estate Trust Inc. has purchased five upscale hotels for $393.1 million in a shift of its lodging portfolio closer to the high end.

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Lenders Opening Taps in Europe

March 28, 2012

A growing number of lenders are beginning to open their spigots in Europe’s parched commercial-real-estate market, but the trickles are far from enough to satisfy most property investors.

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Crying Foul Over the ‘Pink Ghetto’

March 28, 2012

Real-estate investment adviser Nori Gerardo Lietz has bashed high-risk property funds and dismissed the investment-banking model for real-estate private equity. Now, she is condemning the male-dominated senior management industrywide.

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Trump Makes Return to Risk

March 28, 2012

Donald Trump’s appetite for real-estate risk has returned. He is doubling-down his bet on the Trump International Hotel and Tower Chicago, the second-tallest building in the city.

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