Latest Finance News
Mesa West Refinances San Francisco Hotel in $130M Transaction
Mesa West Capital provides a $130 million loan for a waterfront Hyatt property....
Unique Financing Allows a New Neighborhood to Replace a Brownfield in Boston
Construction has begun on a multifamily facility made possible by a creative financing arrangement....
LaSalle Hotel Properties Acquires Park Central Hotel for $396.2M
LaSalle Hotel Properties acquired the Park Central Hotel in New York For $396.2 million....
Inflated Taxes Threaten Phoenix Property Owners
A drop in property values in Phoenix has not translated into a decline in property taxes....
Ventas to Acquire Cogdell Spencer for $770M
Ventas will acquire medical office building specialist Cogdell Spencer in a $770 million deal....
Why All Is Not (Uniformly) Rosy in the Apartment Sector
Challenges face even the hottest commercial property sector....
Lodging ‘Fertile Ground’ for Investment
Bruce Blum and Allen Gross target acquisition and repositioning opportunities with creation of GB Lodging. ...
Hines Global Buys Fisher Plaza in Seattle for $160M
Hines Global buys Seattle's Fisher Plaza in a $160 million deal....
Brookfield Office Properties Sells Boston’s 53 State Street for $610M
Brookfield Office Properties completed another disposition, this time offloading 53 State Street in Boston....
UDR Makes $154M JV Acquisition in Washington, D.C.
UDR has made another Washington D.C. multifamily acquisition. ...
PS Business Parks Acquires California Industrial/Flex Portfolio for $520 M
PS Business Parks buys a $520 million portfolio of industrial and flex space in Northern California....
Cushman & Wakefield Arranges $285M Sale of Jersey City’s 10 Exchange Place
Cushman & Wakefield arranges the sale of 10 Exchange Place in Jersey City....
Thomas Properties Group Announces $128.7M Sale
Thomas Properties Group sells a Northern Virginia asset while The Rockefeller Group and MENY acquired a Washington D.C. tower....
GGP Board Approves Rouse Spin-Off
GGP's board approved a previously announced plan to spin a chunk of the REIT's properties into Rouse Properties Inc....
Phillips Edison Amends $211M Credit Facility
Phillips Edison & Co. amended a $211.4 million secured credit facility....
Tax Spikes Loom Over Seattle
Property taxes are likely to rise again in Seattle in 2012....
Vornado, Kushner Recapitalize 666 Fifth Avenue
Vornado has purchased a stake in 666 Fifth Avenue and announced a recapitalization of the tower....
LNR Property Closes on Land Deal in New England
LNR has closed on the purchase of 830 acres of land, paving the way for continued development on the $2.5 billion Southfield project in Massachussetts....
Lehman Seeks to Trump Equity Archstone Bid as Debate on Entity's Value Rages
Lehman Brothers is seeking bankruptcy court approval to outbid Equity Residential for a stake in Archstone as analysts puzzle over the apartment owner's true value....
Tennessee’s Pinnacle at Turkey Creek Trades Hands for $131.7M
An open-air center in Tennessee trades hands for $131.7 million....
DOE Finds that 2010 ASHRAE Standard Cuts Energy Use by 18.5%
Recent analysis by the Department of Energy shows that ASHRAE's 2007 standard has reduced in buildings cutting energy consumption by 18.5 percent....
Lehman Prepares for Lengthy Battle to Keep Archstone
Lehman Brothers will try to hold on to its $22 billion investment....
CBRE Arranges Land Sale Among Largest in U.S. History
With the sale of 1.283 million acres of land and minerals in Nevada CBRE Group, Inc. has completed one of the largest land sales, by acreage, in U.S. history. The land, which stretches from Reno to the Utah border along Interstate-80, was purchased for $31 million by Florida-based Fountain Investments-owned M.C. Davis and Heath Rushing. ...
Urban Retail Continues its Evolution
Retailers continue to chip away to find what works in urban environments....
Brookfield’s Eye on Distress Includes Pursuit of Stuyvesant Town
Brookfield Asset Management is looking to make some big buys in the distressed space....
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