Real Estate Finance & Investment Property Market
©2006 Institutional Investor |
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Homebuilding Specialist Eyes Residential Investments
15/08/2008
Trinity Capital Partners wants to raise up to $150 million to acquire distressed properties from homebuilders in Phoenix and expand its investor base to include institutional investors.
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Dysfunction Haunts Construction Industry
14/08/2008
The U.S. construction industry is outdated, inefficient and highly dysfunctional, according to Barry LePatner, founder of New York law firm LePatner & Associates.
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Cohen & Steers To Launch Asia-Pacific Fund
14/08/2008
The $27 billion Cohen & Steers is preparing to launch an Asia-Pacific long/short real estate-focused hedge fund.
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Colorado Developer Seeks Retail Sites
14/08/2008
Crème de la Crème, an upscale daycare center operator that builds its own schools, wants to buy development sites at retail centers.
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Dysfunction Haunts Construction Industry
14/08/2008
The U.S. construction industry is outdated, inefficient and highly dysfunctional, according to Barry LePatner, founder of New York law firm LePatner & Associates.
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Reports Show New York Still Squishy
08/08/2008
Fundamentals and investment metrics continue to soften in the New York commercial market, according to new reports from Cushman & Wakefield and tenant-representation specialist Cresa Partners.
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Baker Closes On Connecticut Multifamily Buy
08/08/2008
Baker Properties closed on its acquisition of Avalon Walk, a very large multifamily property in Hamden, Conn. for $124 million.
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Muss Looks To Shift Toward Acquisitions
08/08/2008
Queens-based developer Muss Development is looking to make more acquisitions.
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HFF Reports Big Earnings Drop
08/08/2008
Houston-based broker and service provider Holliday Fenoglio Fowler reported second quarter earnings were down 76.1% compared to the same period last year citing "challenging" credit and liquidity conditions and a weakening economy.
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Reports Show New York Still Squishy
08/08/2008
Fundamentals and investment metrics continue to soften in the New York commercial market, according to new reports from Cushman & Wakefield and tenant-representation specialist Cresa Partners.
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Baker Closes On Connecticut Multifamily Buy
07/08/2008
Baker Properties closed on its acquisition of Avalon Walk, a very large multifamily property in Hamden, Conn. for $124 million.
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ING Financing Florida Hotel
07/08/2008
ING Real Estate Finance has closed an $84 million loan to an affiliate of Starwood Capital to redevelop a 433-room hotel in Ft. Lauderdale.
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More Free Rent For City Tower
07/08/2008
Hammerson has upped the amount of free rent on offer at its 125 Old Broad Street tower in the City of London from 15 months to 30 months on 15-year leases in order to lure more tenants there.
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Muss Looks To Shift Toward Acquisitions
07/08/2008
Queens-based developer Muss Development is looking to make more acquisitions.
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HFF Reports Big Earnings Drop
06/08/2008
Houston-based broker and service provider Holliday Fenoglio Fowler reported second quarter earnings were down 76.1% compared to the same period last year citing “challenging” credit and liquidity conditions and a weakening economy.
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City Set For Difficulties After JP Drops HQ Plans
06/08/2008
Some property officials in London are predicting future difficulties for the City of London to attract large firms following JPMorgan’s decision this month to jettison its City relocation in favour of new premises at Canary Wharf.
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Hendersons Closes Biggest U.K. Retail Deal In A Year
04/08/2008
Henderson Global Investors has bought three retail factory outlets across England for ÂŁ365 million ($781 million) in the biggest U.K. retail property deal in 12 months.
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Bids Due On Washington Office
01/08/2008
Second-round bids are due next week on 1615 L Street, a 414,000-square-foot office building in the Washington, D.C., Central Business District.
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New Market Tax Credit Program In Limbo
01/08/2008
An extension of the popular new market tax credit program hit a speed bump on Wednesday.
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SL Green May Beef Up Management Of Gramercy Capital
01/08/2008
SL Green Realty Corp. is considering taking some of the management of Gramercy Capital Corp. in house.
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Simon Makes A Strong Q2 Showing
01/08/2008
Simon Property Group reported solid second quarter earnings--a welcome sign for the retail sector, which is being watched carefully for signs of weakness. Rich Moore, analyst at RBC Capital Markets, who has placed a buy rating on their stock, said the results are due in part to a high-quality portfolio.
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Madison Eyes Fourth Investment Fund
25/07/2008
Madison International Realty is ahead of schedule investing its third fund and is looking at launching a fourth fund by the end of the year.
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Transwestern Sees Big Month For Multifamily
25/07/2008
June was a big month for Transwestern Institutional Multifamily Group.
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ING Shopping Student Housing Portfolio
25/07/2008
ING Real Estate is shopping a portfolio of four student housing properties in Virginia and Florida.
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First American Raises Infrastructure Fund
25/07/2008
First American Funds has raised roughly $24 million for Global Infrastructure Fund, an open-ended fund that will invest in listed infrastructure companies.
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First American Raises Infrastructure Fund
24/07/2008
First American Funds has raised roughly $24 million for Global Infrastructure Fund, an open-ended fund that will invest in listed infrastructure companies.
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Rising Construction Costs Roil Developers
24/07/2008
Developers are feeling the pinch from rising construction costs, which have risen 10% to 15% each year for the past three years.
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Transwestern Sees Big Month For Multifamily
22/07/2008
June was a big month for Transwestern Institutional Multifamily Group. The firm saw its deal volume rise from about $200 million to $300 million to about $750 million.
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Jones Lang Opens Brazil Office
22/07/2008
Jones Lang LaSalle Hotels has opened an office in SĂŁo Paulo, Brazil. As part of the expansion, the firm has hired Ricardo Mader Rodrigues and Manuela Gorni from Hotel Investment Advisors, a Sao Paulo-based advisory and asset management consulting company.
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Madison Eyes Fourth Investment Fund
22/07/2008
Madison International Realty is ahead of schedule investing its third fund and is looking at launching a fourth fund by the end of the year.
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Melkonian Preps Distressed Real Estate Fund
18/07/2008
Melkonian Capital Management is preparing to launch a distressed real estate fund.
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Baker To Buy Big Connecticut Multifamily
18/07/2008
Baker Properties is set to buy Avalon Walk, a very large multifamily property in Hamden, Conn.
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660 Madison Goes Up For Sale
17/07/2008
Italy’s Grupo Zunino is selling 660 Madison Avenue in New York, just a year after acquiring the property at a record $1,471 per square foot.
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Melkonian Preps Distressed Real Estate Fund
16/07/2008
Melkonian Capital Management is preparing to launch a distressed real estate fund.
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Reis: Office Vacancies Up, Rents Down
11/07/2008
National vacancy rates were up in both the office and retail sectors and flat for multifamily sector in the second quarter, according to a report from market research firm Reis.
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Australian Scheme Eyes Property Splash
11/07/2008
The Australian Government Employees Superannuation Board is looking to invest AUD400 million ($384 million) in unlisted real estate funds for the first time.
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Reiss: Office Vacancies Up, Rents Down
10/07/2008
National vacancy rates were up in both the office and retail sectors and flat for multifamily sector in the second quarter, according to a report from market research firm Reiss.
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Studley: Sublease Space Drives Office Rent Drop
03/07/2008
For the first quarter since 2005, office rents in Manhattan declined.
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Office Activity Set To Pick Up
03/07/2008
Office sales are expected to pick up in the coming months, according to a new report from Real Capital Analytics.
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Alabama Apartments Go Up For Sale
03/07/2008
Jupiter Realty Company is selling Cahaba Lakes, an 801-unit apartment complex in Birmingham, Ala. Offers on the property are expected on July 8, according to Todd Trepke, who is handling the sale at Cushman & Wakefield Apartment Brokerage Services.
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Int'l Paper To Seek Real Estate Managers
03/07/2008
The $8.5 billion International Paper pension plan has increased its real estate allocation to 10% from 8% for diversification.
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Ashford Sells Dallas Hilton
03/07/2008
Ashford Hospitality Trust has sold the Hilton Dallas Lincoln Centre, a 500-room hotel, to Apollo Real Estate Advisors for $72.25 million, or $144,500 per room.
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Archstone Buyers Feeling Heat
03/07/2008
Under pressure to reduce the Archstone debt load after their $22 billion acquisition of the apartment REIT, Tishman Speyer and Lehman Brothers have several options, according to a report by analysts at UBS.
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Illinois Universities Raise Real Estate Allocation
03/07/2008
The $15 billion State Universities Retirement System of Illinois is raising its real estate target to 10% from 6%.
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Hawkeye Targets Emerging Managers
27/06/2008
Austin, Texas-based Hawkeye Partners has raised nearly $700 million for Scout I, a fund that provides seed capital to real estate managers.
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Transaction Activity Down 70%
27/06/2008
Commercial real estate transaction activity dropped 70% to approximately $39.2 billion in the first quarter of 2008, reverting back to levels last seen in 2004, according to a new report from Jones Lang LaSalle.
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Heitman Expands In Asia Pacific
27/06/2008
Heitman plans to expand its commercial real estate business in the Asia Pacific region, and has transferred Frankfurt-based Harold Schwartz, senior v.p., to Tokyo.
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Sobrato Buys $48M Seattle Condo Project
27/06/2008
Sobrato Development has acquired Expo62, a 114-unit condominium project in Seattle, from local developer Intracorp Real Estate for $48 million and plans to run the property as a rental.
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Savills Steps Up New York Sales Efforts
27/06/2008
London-based Savills is continuing its efforts to expand into the investment sales business in New York and throughout the U.S.
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Eyes And Ears
27/06/2008
Mort Zuckerman, chairman of Boston Properties, was seen on Fox Business' Happy Hour cooing about his recent acquisition of the General Motors building from Macklowe Properties.
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CapLease Shops Retail Center
20/06/2008
An affiliate of New York-based real estate investment trust CapLease is shopping an 181,160-square-foot retail property in Orange County, Calif.
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Terra Capital Launches China Budget Hotel Venture
20/06/2008
Terra Capital Partners has launched a new venture to invest in budget hotels in second and third-tier cities in China.
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Square Mile Hires Former Eastdil Exec
13/06/2008
Square Mile Capital Management has hired Charlie Toppino from Eastdil Secured to head its new West Coast office in Los Angeles. Toppino will source equity, debt and hybrid investments.
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Connecticut Multifamily Trades
13/06/2008
An limited liability company advised by New Haven, Conn.-based Fasano, Ippolito & Lee and Berchem, Moses & Devlin bought a 240-unit apartment complex in East Haven, Conn. 65 Messina Drive, LLC paid $21.15 million for East Farm Village for the two-building property.
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UCLA Anderson Forecast Sees San Fran Stumble
13/06/2008
UCLA's Anderson School of Management and law firm Allen Matkins released their survey of California real estate on the outlook for the office sector.
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Falcon To Launch South American Fund
13/06/2008
Falcon Real Estate Investment Company wants to raise $500 million from non-U.S. investors for Falcon - The Americas Real Estate Opportunity Fund.
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Metropolitan Real Estate Adds To Client Service
13/06/2008
Metropolitan Real Estate Equity Management hired Robert Mann from Fidelity Investment as a v.p. in client servicing, based in San Francisco.
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Connecticut Multifamily Trades
10/06/2008
An limited liability company advised by New Haven, Conn.-based Fasano, Ippolito & Lee and Berchem, Moses & Devlin bought a 240-unit apartment complex in East Haven, Conn. 65 Messina Drive, LLC paid $21.15 million for East Farm Village for the two-building property.
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Falcon To Launch South American Fund
10/06/2008
Falcon Real Estate Investment Company wants to raise $500 million from non-U.S. investors for Falcon - The Americas Real Estate Opportunity Fund.
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Metropolitan Real Estate Adds To Client Service
10/06/2008
Metropolitan Real Estate Equity Management hired Robert Mann from Fidelity Investment as a v.p. in client servicing, based in San Francisco.
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Textile Investors Buy Garment Center Building
06/06/2008
A group of textile investors has acquired 29 W. 36th Street in the Garment Center in midtown Manhattan from Clemons Management Corp. for $29 million.
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Manhattan Retail Rents Surge
06/06/2008
Retail rents have increased in Manhattan, with rents in Herald Square and SoHo rising 32% during the last quarter, according to research from the Real Estate Board of New York (REBNY).
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California Shopping Center Goes Up For Sale
06/06/2008
An undisclosed Los Angeles-based limited liability company wants to sell a 132,363-square-foot shopping center in Victorville, Calif.
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California Shopping Center Goes Up For Sale
04/06/2008
An undisclosed Los Angeles-based limited liability company wants to sell a 132,363-square-foot shopping center in Victorville, Calif.
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Manhattan Retail Rents Surge
03/06/2008
Retail rents have increased in Manhattan, with rents in Herald Square and SoHo rising 32% during the last quarter, according to research from the Real Estate Board of New York (REBNY).
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Textile Investors Buy Garment Center Building
03/06/2008
A group of textile investors has acquired 29 W. 36th Street in the Garment Center in midtown Manhattan from Clemons Management Corp. for $29 million.
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Cannon Commercial Buys Dallas Office Towers
30/05/2008
Los Angeles-based Cannon Commercial has acquired Galleria Towers, a trio of Class A office buildings in Dallas from Fortis Property Group for more than $300 million. Jones Lang LaSalle represented Fortis.
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Perseus Realty Partners Investing Capital From Second Fund
30/05/2008
Perseus Realty Partners is investing capital from its second fund. The Washington, D.C.-based fund is set to close on a joint venture investment to develop Ansley at Princeton Lakes, its second apartment development in Atlanta.
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Boymelgreen Shops Flushing Site
30/05/2008
Boymelgreen Development is shopping a development site at Northern Boulevard and Main Street in the Flushing section of Queens, N.Y. The property--135-35 Northern Blvd.--is zoned for a 16-story, 389,000-square-foot mixed-use project. Shimon Shkury of Massey Knakal has the assignment.
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Connecticut Re-Development Site Shopped
30/05/2008
Procter & Gamble is shopping a manufacturing and office site in Stamford, Conn., via Cushman & Wakefield.
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Barclays Bulking Up International REIT Exposure
30/05/2008
Barclays Global Investors has added international real estate investment trusts to its $26 billion LifePath target date funds.
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IMN U.S. Real Estate Opportunity and Private Fund Investing Forum
30/05/2008
The Information Management Network held its U.S. Real Estate Opportunity and Private Fund Investing Forum conference at the Grand Hyatt Hotel in New York last week.
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It's The Economy, Right?
30/05/2008
The first and most lively session of the conference--It's The Economy Stupid!--
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Seen 'N Heard
30/05/2008
Due to time overruns, keynote speaker and former Secretary of the U.S. Department of Housing & Urban Development Henry Cisneros was obliged to deliver his keynote address before lunch break.
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Penner: We're Not In A Distressed Market
30/05/2008
The U.S. commercial real estate is not distressed.
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How Much Pain Will There Be?
30/05/2008
The level of pain likely to be experienced in this downturn, mainly via refinancing crises, and how to respond was a major topic of discussion.
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Wachovia Financing Philadelphia Hotel Deal
23/05/2008
Wachovia Bank has funded a $50 million loan that Kimpton Hotels & Restaurants will use to turn the Architects Building in Philadelphia into a boutique hotel.
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Hawaiian Retail Deal Shopped
23/05/2008
A group of Asian landlords is testing the waters of Hawaii's retail market with the sale of eight properties.
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Brookfield: We're In Talks To Keep Merrill
23/05/2008
Brookfield Properties is in active discussions with Merrill Lynch to extend its existing lease at Two World Financial Center in New York.
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JER Maps Latin American Expansion
23/05/2008
J.E. Robert Companies is expanding into Latin America.
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Not-So-Happy Shopping At ICSC
23/05/2008
The mood at the International Council of Shopping Centers convention in Las Vegas last week ranged from mordantly grim to stubbornly optimistic.
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Feil Buys N.J. Portfolio
23/05/2008
The Feil Organization has bought a one million square foot portfolio of industrial, office and retail space the Villa family had been shopping in Northern New Jersey.
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Feil Buys N.J. Portfolio
21/05/2008
The Feil Organization has bought a one million square foot portfolio of industrial, office and retail space the Villa family had been shopping in Northern New Jersey.
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Hawaiian Retail Deal Shopped
21/05/2008
A group of Asian landlords is testing the waters of Hawaii’s retail market with the sale of eight properties.
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