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.
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
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
Griffin Capital Corp. has purchased a 149,000-sq.-ft., class-A office building in Houston for $48.75 million. The property was acquired on behalf of the Griffin Capital Essential Asset REIT Inc....More
NorthStar Realty Finance Corp. has originated a $255 million loan secured by a leasehold mortgage in the recently renovated, 1,331-room Milford Plaza hotel located in Times Square, New York....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?