While pension funds and private investors were busy gobbling up REITs in recent months, public REITs largely sat on the sidelines, rarely making acquisitions. The conventional wisdom among public REITs was that prices...
Just south of I-80 in Joliet, Ill., TCB Development Co. is building a 575,000 sq. ft. distribution center scheduled for completion in early 2007. While no tenants have signed on to the speculative project just yet...
In a milestone for senior housing, Health Care Property Investors in May agreed to pay $5.2 billion for CNL Retirement Properties. The largest purchase of senior housing ever is expected to close in the third quarter...
At a prime location on 3rd Street in Attalla, Ala., a 56,000 sq. ft. Wal-Mart sits vacant. What was once a busy parking lot is now quiet. The big box is not alone. Wal-Mart Realty, the company's in-house brokerage...
In April 2001, Thayer Lodging Group broke ground on its 1,582-room Grand Lakes Resort in Orlando. Since then the project has faced as many rough spots as an amusement ride at nearby Disney World. But the saga ended...
Throughout 2003 and 2004, private buyers held the upper hand, winning many trophy properties with record bids. But now institutions are pulling ahead. According to Real Capital Analytics, institutions emerged as the...
During the early 1990s, private real estate companies with large portfolios rushed to become public real estate investment trusts. Now the pendulum has swung. In the past two years alone, eight public REITs have sold...
Few investors and analysts applauded when Brandywine Realty Trust announced its acquisition of Prentiss Properties in October. During the first three days after the announcement, Brandywine's shares dropped nearly 10%...
Corporate real estate executives today face conflicting pressures. On the one hand, they are being charged with finding new ways to lower occupancy costs. At the same time, the drumbeat to develop comfortable offices...
There can be no doubt what type of renter the Ellington, a new apartment building in Washington, D.C. is trying to attract. The complex features a billiards room and fitness center, and residents can socialize by...
