Kimco Realty Corp. and joint venture partner American Industries have agreed to sell its beneficial interests in certain trusts that hold a portfolio of Mexican industrial properties to Terrafina for approximately $600 million....More
New construction of apartments and a revived market for single-family, for-sale homes will provide more competition for rental apartments this year, dimming prospects for apartment REITs....More
For all the talk in the wake of the housing bust about reforming securitization practices, there’s not much being done differently today than before the crisis....More
The question becomes whether power centers will remain a viable property type with many of their staple tenants gone and the rest switching to smaller formats....More
General Growth Properties Inc.and TIAA-CREF formed a partnership to own and operate The Grand Canal Shoppes, including The Shoppes at the Palazzo in Las Vegas....More
NREI and Penton’s WealthManagement.com announced Dr. Raymond Torto, CBRE global chief economist, will be the lunchtime keynote speaker at the Commercial Real Estate/High Net Worth Investment Conference on Thursday, June 27....More
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?