property

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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Goodrich Corp Inks 105,000-SF Office Lease

March 28, 2012

Costar… Goodrich Corporation, a supplier of aerospace and defense products, signed a 104,662-square-foot lease at 2727 E. Imperial Hwy. in Brea, CA. The company is relocating and consolidating its two facilities in Monterey Park and Diamond Bar. The 104,662-square-foot office property is situated on 5.4 acres within the Brea Imperial Center in Orange County. With the addition of Goodrich, the center is now 100 percent occupied. Liz Hurley with Transwestern… View post: Goodrich Corp Inks 105,000-SF Office Lease 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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GSA Buys Columbia Plaza Office Bldg. for $99.6M

March 21, 2012

Costar… The U.S. General Services Administration acquired the 511,500-square-foot Columbia Plaza Office Building in Washington, DC, from a partnership between Normandy Real Estate Partners and Westbrook Partners. The property traded for $99.59 million or $195 per square foot. The 15-story structure at 2401 E. St. NW was built in 1974 and renovated in 1999. The U.S. Department of State’s Diplomacy in Action agency has occupied the building since 1992 under… Read the rest here: GSA Buys Columbia Plaza Office Bldg. for $99.6M Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Baker Donelson Bldg in Downtown Nashville Sells for $47.1M

March 21, 2012

Costar… Sun Life Financial Services, an international financial services company, has acquired the 11-story Baker Donelson Building at 211 Commerce Ctr. in downtown Nashville, TN from The Mathews Company in a transaction totaling $47.13 million, or approximately $205 per square foot. The property was constructed in 2000 and totals 229,536 square feet of Class A office space . The building was 93.8 percent occupied at the time of the sale, and is currently… Read the original: Baker Donelson Bldg in Downtown Nashville Sells for $47.1M Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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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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The Unanswered Multifamily Contradiction

March 8, 2012

Costar… With increasing occupancies and rents, the multifamily sector has been one of the commercial property types to bounce back fastest from the effects of the ‘Great Recession.’ Yet, at the same time, the multifamily sector has been one of the worst performing property types in terms of delinquencies, a contradiction noted by Fitch Ratings. Using the standard Fitch Ratings definition that counts any loan 60 or more days behind in payment as delinquent… See the article here: The Unanswered Multifamily Contradiction Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Defensive Leasing Strategy Helps Aussie REIT Dodge First Refi Bullet

March 7, 2012

Costar… With an $87.6 million loan coming due this August, Sydney, Australia-based Real Estate Capital Partners USA Property Trust may have dodged a refinancing bullet on a two-building complex in Bedford, MA, but may still take a hit on a separate office campus in Parsippany, NJ. Real Estate Capital Partners USA signed RSA Security to a 328,232-square-foot, 12-year lease renewal in the two buildings at 174 and 176 Middlesex Turnpike (Bldgs 3 and 4) in… Here is the original post: Defensive Leasing Strategy Helps Aussie REIT Dodge First Refi Bullet Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Plots & Ploys: Challenging a Sovereign—in Miami

February 29, 2012

The Property Report: A Florida developer fights treads on sovereign land—in Miami. The Fed makes a Maiden Lane purchase. And Tishman Speier shows its savvy.

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SL Green Closes on $252.5M Acquisition in NYC

February 28, 2012

Costar… SL Green Realty Corp. (NYSE: SLG), the largest commercial office landlord in New York City, has closed on its previously announced acquisition of the HarperCollins Bldg. at 10 E. 53rd St. in New York City. The total purchase price came to $252.5 million, or approximately $647 per square foot. The company then entered a joint venture with Canada Pension Plan Investment Board (CPPIB), which took a 45 percent ownership stake in the property with… View post: SL Green Closes on $252.5M Acquisition in NYC Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Retail Outlook: Cautious Optimism as Tipping Point In Shopping Center Rents Expected In 2012

February 9, 2012

Costar… Retail property rents are expected to begin to rise later this year as demand for store space in shopping centers and malls slowly soaks up available space and, combined with the dearth of new space under development, finally tips the supply and demand balance. Improvements in market fundamentals are starting to spread into secondary markets and smaller shopping centers typically occupied by Mom-and-Pop businesses, according to CoStar’s 2011 Retail… Here is the original post: Retail Outlook: Cautious Optimism as Tipping Point In Shopping Center Rents Expected In 2012 Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Graphic Packaging Inks 109,556-SF Office Lease

February 8, 2012

Costar… Graphic Packaging International, a packaging manufacturer, leased 109,556 square feet at RiverEdge Summit at 1500 RiverEdge Parkway in Atlanta, GA. The company will initially move its headquarters into 86,525 square feet in the first quarter of next year, but iStar Financial, the owner, will also build a state of the art, 23,000-square-foot product development center that will be attached to 1500 RiverEdge Parkway. The property is a nine… More: Graphic Packaging Inks 109,556-SF Office Lease Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Soho China Buys Stake in Shanghai Property

December 30, 2011

Soho China said it would buy a 50% stake in a commercial site from units of Greentown China and Shanghai Zendai Property for $632 million.

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Kerzner Weighs Atlantis Dubai Sale

August 31, 2011

From WSJ.com… The owner of several luxury resorts is exploring selling its 50% stake in the property to raise money to restructure $2.6 billion in mortgage debt. Taken from: Kerzner Weighs Atlantis Dubai Sale Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net Read the original post: Kerzner Weighs Atlantis Dubai Sale

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Commercial Real Estate Lenders Asked to Help Borrowers | Zen …

June 5, 2011

The Federal Financial Institutions Examination Council has issued a suggestion that Commercial Property lenders , such as Lenders , should collaborate with the.

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Own a Property at Low Cost on Taking Commercial Real Estate Finance

June 5, 2011

Most of the commercial real estate finance providers would like to assess the property for its income producing ability. Such a property is seen as less risky for the loan offer. Lenders think that since the property is …

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Robin Hood Finance Blog – UK Commercial Property Debt

June 5, 2011

UK Commercial Property Debt . Friday, May 20, 2011, 12:15 PM Posted by Richard Senior. 'Banks in race to shed commercial property debt ' is the headline in the FT this week. There is apparently £224bn of commercial property debt …

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Banks in race to shed commercial property debt

June 5, 2011

Financial Times – UK Banks in race to shed commercial property debt By Daniel Thomas, Property Correspondent Published: May 19 2011 22:30 | Last updated: May 19 2011 22:30 Banks are fighting to reduce a £224bn exposure …

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Commercial Real Estate : Settling On a Real Estate Agent …

June 4, 2011

Does your business need a specialised commercial real estate ? If you do, you could be more interested in using an agent who makes a speciality of that particular sort of property, or other property agents may not have … Visit site: Commercial Real Estate : Settling On a Real Estate Agent …

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Willis Tower Goes on the Block

June 2, 2011

The owners of the Willis Tower in Chicago, North America’s tallest building, are looking to recapitalize or sell the property, in the latest sign of rising commercial-real-estate values in the country’s top markets.

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