General Growth Properties Inc. closed its underwritten public offering of 135 million shares of its common stock at a public offering price of $14.75 per share, less the underwriting discount...
CBL & Associates Properties Inc. and The Mattiace Co. opened Phase I of The Forum at Grandview, a community center in Madison, Miss. Phase I of the project encompasses 100,000 square feet. It is already 100...
Faris Lee Investments completed seven sales of fast food restaurant properties totaling $9.5 million in value. The restaurants are located in California, Texas, Nevada and Arizona. The transactions included the...
Simon Property Group Inc. opened the second phase of Houston Premium Outlets in Cypress, Texas. Phase II added 114,000 square feet to the center, for a total GLA of 541,000 square feet. Phase I opened in 2008...
Balloon default risk remains an issue from highly seasoned CMBS transactions as loans are unable to payoff as scheduled. In many cases, collateral properties that have otherwise generated adequate / stable cash flow...
Delinquencies fall to 8.58 percent – a decrease of 47 basis points A total of $58.3 billion in CMBS loans are currently delinquent Delinquency rate decrease is the first since mid-2009 Percentage of loans seriously...
Cole Real Estate Investments acquired a portfolio of 32 Albertson’s grocery store properties in an all-cash, sale-leaseback transaction for $266 million from Albertson’s LLC...
Cushman & Wakefield acquired the remaining 35 percent interest in its debt and equity finance subsidiary Cushman & Wakefield Sonnenblick Goldman. As part of the transaction, the firm has restructured and...
Developers Diversified Realty Corp. has underwritten a public offering to sell $300 million in convertible senior notes due 2040. DDR intends to grant the initial purchasers a 30-day option to purchase up to an...
Pennsylvania Real Estate Investment Trust (PREIT) signed an agreement with the Township of Voorhees for a 24,300-square-foot space at Voorhees Town Center in Voorhees, N.J. The facility will now house Voorhees Town...
