CoreLogic Completes Acquisition of Australian-based RP Data
Real estate analytics firm CoreLogic, which had previously held a 40% equity interest in RP Data Ltd., has completed its acquisition of all the outstanding shares of the publicly traded company based in Brisbane, Australia....
Real Estate Deal Website Launched in Dallas
Dan Slaven, a Dallas entrepreneur, has launched RealEstateDealSheet.com, a membership-based website for commercial real estate professionals prospecting for new deals. Slaven is president and chief executive officer. ...
Lenders Provide $837 Million to Finance Ventas Deal
Three lenders have helped Ventas (NYSE: VTR), the health care real estate investment trust (REIT) assume $837 million in existing mortgage debt to support its acquisition of Atria Senior Living Group. ...
Real Capital Analytics, NIC Join Forces to Track Seniors Housing Property Sales
In an effort to provide the seniors housing community with improved transaction data, Real Capital Analytics (RCA) and the National Investment Center for the Seniors Housing and Care Industry (NIC) have entered into a collaborative initiative....
Major Retail Owners and Managers Tinkered With Portfolios in 2010
For the third straight year, there were no great swings in our rankings of the top owners and managers of retail real estate....
How Has Technology Changed the Workplace? CoreNet Global Summit Provides Insights
Unsecured Financing Mounts a Comeback as Loan Costs Stabilize
After the onset of a global financial crisis that crippled the mortgage-backed lending business, the Federal Deposit Insurance Corp. (FDIC) made a big splash by successfully selling what many called “toxic debt” into the open market. ...
Detroit Fights for New Business With $270 Million Convention Center Expansion
A $270 million transformation under way at Detroit’s Cobo Conference & Exhibition Center is already paying off. ...
Is Vornado Realty Trust Playing The Waiting Game at Downtown Crossing?
New construction projects ranked high on the list of casualties during the recent downturn. Some developers postponed building new centers because they were fearful that returns on investment would fall short of expectations. ...
Is the Gap Between Residential and Commercial Values Structural or Cyclical?
Commercial and residential values have generally moved in lockstep over the last three decades. ...
Nonperforming Commercial Real Estate Loans Drive Up Bank Failures in April
The number of U.S. bank failures in April jumped to 13, the highest monthly total since July 2010, according to New York-based commercial mortgage information and analytics firm Trepp LLC. ...
Memo to Distressed Hotel Investors: Understand the Opportunities and Risks
Many investors and other potential buyers have been trying to determine whether the time is right to invest in distressed hotels. ...
Bayside Communities Acquires Controlling Interest in 20 Affordable and Seniors Housing Properties
Bayside Communities LLC has acquired the general partner interests in 20 multifamily properties that were part of bankrupt A.F. Evans Development Inc.’s affordable/senior housing portfolio on the West Coast. ...
Office Towers Don’t Have to Be New to Be Energy Efficient
Two prominent towers in the nation’s Heartland, both built in the 1980s, are demonstrating that office buildings need not be new to be energy efficient, stellar performers....
Los Angeles Business and Labor Leaders Endorse $500 Million Solar Program
A coalition of business and labor leaders are asking Los Angeles officials to back an innovative solar energy program that would create $500 million in local investment and create 900 high-paying jobs annually for the next five years, with a minimal impact on ratepayers....
Pennsylvania Students Take Top Prize in NYU Sustainable Competition
A design called Broad VUE submitted by a team from the University of Pennsylvania School of Design & The Wharton School MBA Program won first place in an environmental real estate competition sponsored by the New York University Schack Institute of Real Estate. ...
Carter to Manage Historic Spelman College Renovations
Carter, a developer and real estate service company based in Atlanta, has been selected as program manager for renovations to Laura Spelman Rockefeller Memorial Hall on the historic oval on Spelman College’s campus....
BRE Properties Acquires Two Residential Sites in San Francisco for $41.4 Million
BRE Properties Inc. has acquired two transit-oriented residential sites on 3.84 acres in the Mission Bay neighborhood of San Francisco for $41.4 million, or approximately $247 per sq. ft. ...
April Jobs Report Is Good Sign for Commercial Real Estate, Says Bach
Better-than-expected hiring by U.S. private employers in April could blunt some of the negative sentiment that had been building, a good sign for the commercial real estate markets, says Bob Bach, chief economist for Grubb & Ellis....
CWI Invests $43.6 Million in Waterfront Hotels in Long Beach, Calif.
Carey Watermark Investors Inc. (CWI) has closed on a joint venture investment of approximately $88 million with Ensemble Hotel Partners LLC, the owner of two hotel properties located on the waterfront in Long Beach, Calif. CWI’s investment is approximately $43.6 million....
Hines Sells 34-Story Office Tower in Manhattan to Fosterlane Management for $485 Million
Survey Says: Grow Smart
Accounting for Lease Changes
Federal Government Sues Deutsche Bank and Subsidiary, Alleging Fraud in Mortgage Originations
The U.S. Department of Justice has filed a civil mortgage fraud lawsuit against Deutsche Bank AG and its subsidiary, MortgageIT Inc., for allegedly making “false certifications” to the U.S. Department of Housing and Urban Development ...
Real Estate’s Seat at the C-Suite Table
Commentary: Prudential Report Paints Positive Picture
One of the industry’s closely watched “status checks” (and one I’ve been watching for years) points to a fairly positive outlook for U.S. commercial real estate in the months ahead. ...
Moves to Cut Budget Deficit Could Hurt D.C. Office Market
Washington, D.C. has become a favored target for institutional investors, including sovereign wealth funds, pension funds, real estate investment trusts and insurance companies. ...
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