properties

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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BOMA 360 Grows to 420

March 26, 2012

Costar… A total of 420 buildings in 55 markets have now received the coveted BOMA 360 designation, which recognizes commercial properties for excellence in overall building operations and management. BOMA International went on to name the top five companies, each with 20 or more commercial buildings across the country to have reached BOMA 360 status:CBRE – 59 buildingsBrookfield Properties – 31 buildingsPiedmont Office Realty Trust – 24 buildingsParmenter… Read more here: BOMA 360 Grows to 420 Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Challenging the Empire

March 13, 2012

Another investor has filed a lawsuit against the Malkin family’s plan to take public the Empire State Building and other properties, marking the third such effort attacking the initial public offering in two weeks.

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Banks Returning to CRE Lending via Multifamily, Owner-Occupied Properties

March 8, 2012

Costar… It’s not a big hook to hang a hat on, but the small increase in some commercial real estate loan balances on bank books at the end of the year serves as yet another indication of thawing lending markets for property investors. Overall loan balances on bank books posted their largest real growth in four years, according to year-end numbers released this past week by the Federal Deposit Insurance Corp. (FDIC). As far as CRE lending goes, it was… Excerpt from: Banks Returning to CRE Lending via Multifamily, Owner-Occupied Properties Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Mission West Hangs ‘For Sale’ Sign

February 15, 2012

The leading office landlord in California’s Silicon Valley, Mission West Properties Inc., is preparing to sell itself to the highest bidder. But the selling price is likely to fall short of the $1.8 billion the company nearly fetched five years ago.

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Two Office REITs Post Higher Earnings

February 1, 2012

Boston Properties Inc. and SL Green Realty Corp. reported stronger-than-expected quarterly earnings, a sign that the nation’s largest office landlords have been able to boost revenue despite tepid job growth.

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General Growth Starts Year With Gamble

January 4, 2012

After a tumultuous first year as chief executive of General Growth Properties, Sandeep Mathrani is about to make perhaps his boldest move yet: The shopping-mall owner is set to spin off 30 of its weaker malls.

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Bank of America redefines ARMS LENGTH to include DUAL … — Industry …

June 5, 2011

Now I know what you are thinking, Bank of America cannot possibly be that stupid or that insane? This would be a blatant disregard for real estate law. I would tend to agree with you, I suspect that this is. … Commercial Real Estate & Multi-Family Loans – Both Debt & Equity – California & Nationwide. Retail – Office – Industrial – Hotels – Multi-Family – Student Housing – Single Tenant SBA Loans. Distressed REO Properties – Whole Loans …

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Updated: Cassidy Turley Bolsters Southeast Presence With Carter …

June 1, 2011

Cassidy Turley announced its intention to acquire the brokerage and property management operations of Atlanta-based commercial real estate services firm Carter, a move that would gain it a significant foothold in the Atlanta and Central … Commercial Real Estate & Multi-Family Loans – Both Debt & Equity – California & Nationwide. Retail – Office – Industrial – Hotels – Multi-Family – Student Housing – Single Tenant SBA Loans . Distressed REO Properties – Whole Loans … Continue Reading: Updated: Cassidy Turley Bolsters Southeast Presence With Carter …

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Morgans Hotel Group Sells Two for $140M — Industry Partners

June 1, 2011

Commercial Real Estate & Multi-Family Loans – Both Debt & Equity – California & Nationwide. Retail – Office – Industrial – Hotels – Multi-Family – Student Housing – Single Tenant SBA Loans . Distressed REO Properties – Whole Loans … More: Morgans Hotel Group Sells Two for $140M — Industry Partners

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Government Properties Income Trust Acquires 305 E 46th for $114M

June 1, 2011

Costar… Government Properties Income Trust acquired 305 E. 46th Street in New York City from Extell Development Company for $114 million, or approximately $742 per square foot. The 16-story, 153,689-square-foot office building was built in 1928 and is located between First and Second Ave. in the United Nations submarket. The building currently houses the United Nations in a lease through 2018. James Gross of Williamson, Picket, Gross, Inc. represented… Go here to see the original: Government Properties Income Trust Acquires 305 E 46th for $114M Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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The Depressing State of Housing — Industry Partners

June 1, 2011

Commercial Real Estate & Multi-Family Loans – Both Debt & Equity – California & Nationwide. Retail – Office – Industrial – Hotels – Multi-Family – Student Housing – Single Tenant SBA Loans . Distressed REO Properties – Whole Loans … See more here: The Depressing State of Housing — Industry Partners

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Remittances Fuel Philippines Property Boom

May 23, 2011

With rising inflation and the potential of a real-estate bubble in the Philippines, can the recent growth last? Century Properties’ Robbie Antonio thinks so.

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Landlords Profit From Bigger Cities

May 4, 2011

The nation’s biggest office landlords posted higher-than-expected profits in the first quarter, benefiting from the heavy concentration of their properties in relatively healthy cities like New York and Washington.

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One Expensive Bankruptcy Case

May 3, 2011

An old adage says it is expensive to go broke. It sure was for mall owner General Growth Properties, which has been presented with a bill for $229.2 million in fees and $6.5 million in reimbursements.

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Good Time for Mall Shopping

April 19, 2011

It is spring selling season for U.S. mall landlords, with property giants Westfield Group, Simon Property Group and General Growth Properties marketing 40 malls across the country.

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Fannie to Sell Apartment Stake to Related

April 5, 2011

The real-estate company controlled by Stephen Ross would purchase a 25% interest in the properties valued at about $300 million.

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Caruso Snags Nordstrom From GGP in Glendale Mall Battle

March 16, 2011

Developer Rick Caruso has struck the latest blow in the continuing battle between his Americana at Brand mall and General Growth Properties’ Glendale Galleria in California.

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Bonuses at GGP: $181.5 Million

March 15, 2011

The top 48 executives who saw mall owner General Growth Properties through its 19-month bankruptcy got a rich reward: $181.5 million in cash bonuses.

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