Robert Carr

Articles by Robert Carr
Ventas Renews, Expands Credit Facility 
Chicago-based health care REIT Ventas recently renewed and expanded its borrowing power, closing a $3 billion unsecured credit facility this week.
Despite Demand, Repurposing of Retail to MOB Still Lags 
With the expected demand surge for medical office in the next few years, developers such as Duke Realty say a major trend for medical office this year would be the buy-up of vacant retail property for renovation, particularly the ghost buildings that defunct chains vacated due to the recession and obsolescence.
Kite Acted Quickly to Nab $307M Portfolio 
Kire Realty acted fast to nab a $307 million portfolio of nine retail properties totaling about two million sq. ft.
Demand for Space from Non-Profits Benefits Office Sector 
Demand for office space from the non-profit sector is increasing, according to a recent CBRE Nonprofit Real Estate Benchmarking Survey.
Malls Content with Behind-the-Scenes Green 
Most mall companies such as Simon Property Group, Taubman, Macerich and General Growth Properties (GGP) are already well into five-year plans of perfecting ways to conserve water and recycle waste, as well as using centralized management systems to save electricity and generate energy.
Canadian Fund Makes a Big Bet in Chicago with $361M Riverside Plaza Buy 
Ivanhoe Cambridge, a subsidiary of a large Canadian institutional fund, has partnered with Callahan Capital Properties to continue its large bet on the Chicago market, recently closing the $361 million purchase of Riverside Plaza in the West Loop.
Tenants Care About Views, Not Building Height 
New York City has now laid claim to the nation’s tallest building, but commercial office experts say tenants don’t care how high up they are. It’s ultimately the views that matter.
Seniors Housing Veterans Aid Programs Go Underused  1
There are nearly 23 million veterans in the United States today, more than half of whom are 60 years or older. Yet a significant percentage of the veteran population doesn’t know about the governmental benefits available to them when it comes to seniors housing.
Skilled Nursing Needs More Technology, Reporting 
Heading into 2014, skilled nursing facility owners, operators and investors are dealing with a number of changes, such as Affordable Care Act requirements, plummeting occupancy and an increased amount of short-term patients, all of which will encourage renovation, sophistication and consolidation within the industry.
Hotels to Fully Recover by 2014, JLL Says
The hotel market has returned to almost normal since the recession, according to a recent Jones Lang LaSalle report, with growth in revenue per available room, the national occupancy up to almost the 2006 peak, $14.6 billion in transactions this year and lenders hungry to invest in hospitality.
Data Center Demand Dives Underground 
Data storage demand is expected to quadruple by 2017, and the need for strong, safe facilities has pushed colocation firms to seek out specialized underground storage areas across the country.
Strong Capital Markets, Healthy Occupancies Produce $225M Loan for PREI 
The strong availability of capital enabled Prudential Real Estate Investors’ recent $225 million loan for office buildings in Miami and Chicago, according to the team that underwrote the deal.
Midwest Keeps Up With Strong Industrial Growth
The Midwest industrial market has responded well to the economic recovery, and according to some benchmarks has outperformed the coastal port cities that have traditionally been the power house markets for the sector.
Sweet Green Success? Questioning Sustainable Building Standards 
The story of the U.S. Green Building Council’s (USGBC) Leadership in Energy and Environmental Design (LEED) program can be compared to the fable of David and Goliath. The building industry’s currently accepted green rating standard started small in 1999, but has now reached near-giant status. So it’s not surprising that in the past two years, LEED has been under attack.
A Look at CityCenter’s Mega Refinancing 
The owners of the large CityCenter mixed-use complex in Las Vegas, Infinity World Development Corp. and MGM Resorts International, have successfully acquired more than $1.7 billion in loans to refinance debt on the property.
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