With his latest divestiture, the sale of Pershing Square’s remaining 28 million shares of General Growth Properties back to the regional mall REIT for $556 million, it looks like Bill Ackman may be completely done with anything having to do with retail....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.
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
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.
Freddie Mac has just entered new territory. The government-sponsored enterprise recently wrapped up its first multi-family bulk loan disposition, selling 27 performing mortgage loans with a total unpaid principal balance of $195 million....More