As 2014 gets underway, David Lynn, Ph.D., executive vice president and chief investment strategist at Cole Real Estate Investments Inc., takes the opportunity to make fold bold predictions for the year....More
It was another memorable year for commercial real estate. The industry has mounted a long and steady recovery since the 2008 financial crisis. This year brought more of the same with improving fundamentals in all areas. Investment sales volumes were up. Vacancy rates fell. Capital was more available. And development activity increased.
The success of the U.S industrial market has attracted major attention for new distribution centers and manufacturing facilities. It's also generated interest from foreign investors, particularly Canada and South Korea....More
It was another year of dominance for the multifamily sector. It remains the preferred property type of most commercial real estate investors and is the strongest performer by any metric you look at. Cap rates and vacancy rate remain near historic lows. Rents are rising. And the development pipeline is healthy with most observers comfortable that there is no immediate danger of overbuilding.
Blackstone Real Estate Advisors, L.P., has closed on a 15-property select service hotel portfolio in seven East Coast and Mid-Atlantic states after securing $186 million in acquisition financing....More
NorthStar Realty Finance Corp. closed on a strategic $340 million investment in RXR Realty, a leading real estate operating and investment management company focused on the New York City Tri-State area....More
It's been an active year for commercial real estate finance and investment. Some of the big themes included the continued reemergence of the CMBS sector, increased activity on the part of private equity investors and growing interest in alternative property types within the commercial real estate field.
KBS Real Estate Investment Trust III recently made a big bet in the Chicago market, closing the purchase of the 1.5-million-sq.-ft. Citigroup Center building, which sits atop the Ogilvie train station in the city’s West Loop, for $425 million....More
Realty Income Corp. is closing the year with a bang. The company just announced that it has entered into a definitive agreement to acquire an 84-property portfolio of single-tenant net-leased retail and industrial real estate assets from Inland Diversified Real Estate Trust Inc. The price tag: $503 million....More
The inability of the two parties to work together in Washington, D.C., brought the United States dangerously close to a default in October. A last-minute deal was struck to continue funding the government for three months and raise the debt ceiling. The resolution ended the 16-day shutdown. But it set the stage for a renewed round of political wrangling after the New Year. ...More