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real-estate

Industrial-Space Showdown

April 11, 2012

Two real estate powerhouses are angling for control of a massive industrial portfolio hoping to capitalize on an expected economic recovery.

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Short of New Funds, Firm Takes a ‘Pause’

April 4, 2012

A once-highflying real estate fund that counts Harvard University, Duke University and other blue-chip names as investors is laying off its entire investment staff after determining it can’t raise new funds.

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After Sale Approval In Bankruptcy Court, Grubb & Ellis Moves To Next Phase Under BGC

March 29, 2012

Costar… This week a bankruptcy court judge approved the sale of the venerable but cash-strapped Grubb & Ellis Co. to BGC Partners, Inc., ushering in the latest in a series of changes that have roiled the commercial real estate brokerage business. Next comes the hard work involved in exiting bankruptcy and integrating the new acquisition. Among the challenges the two firms face are preserving Grubb & Ellis’s property and facilities management and brokerage… Read the rest here: After Sale Approval In Bankruptcy Court, Grubb & Ellis Moves To Next Phase Under BGC Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Brick & Mortar Decisions No Longer Just About Dollars & Cents at H-P

March 29, 2012

Costar… With new CEO and ‘CIO’ officers at the helm, Hewlett Packard (HP) is realigning its organizational structure – a portion of which has it taking global real estate decision-making away from its financial managers and putting it into the hands of its techies. The move likely means that the real estate consolidation the company said was largely completed last year may not be over. HP’s global real estate footprint encompassed nearly 70 million… Go here to see the original: Brick & Mortar Decisions No Longer Just About Dollars & Cents at H-P Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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RREEF America Jumping into New-Fangled REIT Arena

March 29, 2012

Costar… Possibly just weeks away from being sold, RREEF America LLC isn’t sitting around waiting to find out who its new owner is. The leading real estate investment manager is planning to form a new REIT to be called RREEF America Property Income Trust Inc. and hold an initial public stock offering to raise up to $2.5 billion. The new property income REIT will invest primarily in properties, but also in real estate debt and publicly traded REIT stocks, although… Go here to see the original: RREEF America Jumping into New-Fangled REIT Arena Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Bahrain-based Arcapita Bank Files Ch. 11, Protecting $2 Billion in U.S. Properties

March 29, 2012

Costar… Arcapita Bank BSC, an international investment firm based in Bahrain, put itself and some of its affiliates into Chapter 11 bankruptcy reorganization in the United States. Included in the Chapter 11 filings is Arcapita Investment Holdings Ltd., which controls a $2.37 billion portfolio of investments in real estate, private equity and venture capital, and infrastructure. Its largest U.S. real estate holdings include: Arcapita US Residential… Original post: Bahrain-based Arcapita Bank Files Ch. 11, Protecting $2 Billion in U.S. Properties Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Inland Finalizes Purchase of 5 Hotels for $393 Million

March 27, 2012

Costar… Inland American Lodging Group, a subsidiary of Inland American Real Estate Trust, completed its purchase of five hotels in three separate deals totaling $393.1 million. DiamondRock Hospitality Co. (NYSE: DRH) sold three properties for $262.5 million or $184,599 per room. The assets were built between 1981 and 1986. The 1,422-door portfolio includes: the 409-room Griffin Gate Marriott Resort & Spa, a seven-story, 350,000-square-foot structure at… Visit link: Inland Finalizes Purchase of 5 Hotels for $393 Million Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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In The Pipeline: CoStar Development & Construction News for March 25 – 31

March 27, 2012

Costar… In The Pipeline is a column on significant acquisitions of commercial land for sale , and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project — and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail. Architects Report Higher Billings For 4th Straight Month The Link: In The Pipeline: CoStar Development & Construction News for March 25 – 31 Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Shoppes at Branson Hills Trade for $50.6M

March 26, 2012

Costar… Inland Real Estate Corporation has closed on its acquisition of The Shoppes at Branson Hills, a 447,725-square-foot regional power center located in Branson, Missouri for an aggregate price of $50.6 million. The shopping center is located on Highway 65 at Branson Hills Parkway in the popular family destination town of Branson. The existing buildings are 100 percent leased at time of sale, anchored by national retailers including Kohl’s, Best Buy… Read this article: Shoppes at Branson Hills Trade for $50.6M Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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UPDATE: Shoppes at Branson Hills Trade for $50.6M

March 26, 2012

Costar… Inland Diversified Real Estate Trust, Inc. has closed on its acquisition of The Shoppes at Branson Hills, a 447,725-square-foot regional power center located in Branson, Missouri for an aggregate price of $50.6 million. The shopping center is located on Highway 65 at Branson Hills Parkway in the popular family destination town of Branson. The existing buildings are 100 percent leased at time of sale, anchored by national retailers including Kohl… Follow this link: UPDATE: Shoppes at Branson Hills Trade for $50.6M Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Private Equity Funds Expect CRE Return Growth To Slow

March 22, 2012

Costar… One-year returns from private equity real estate funds have shown remarkable improvement since the real estate bubble burst in the latter half of the decade, despite under-performing every other major asset class, according to PitchBook/BMC Group’s annual private equity report. PitchBook is an independent private equity news and data provider. BMC Group is a leading global provider of information management solutions. Real estate funds were… See the original post here: Private Equity Funds Expect CRE Return Growth To Slow Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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In The Pipeline: CoStar Development & Construction News for March 18 – 24

March 20, 2012

Costar… In The Pipeline is a column on significant acquisitions of commercial land for sale , and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project — and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail. Developer Breaks Ground on Mixed-Use in South Florida Stiles… Read the original post: In The Pipeline: CoStar Development & Construction News for March 18 – 24 Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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CoStar’s People of Note (March 11-17)

March 16, 2012

Costar… This week’s People of Note includes the following markets: Chicago, Los Angeles, New York City and South Florida. NEW YORK CITY Horowitz Promoted to EVP at Studley By CoStar Research Longtime Studley broker Daniel O. Horowitz was recently promoted to executive vice president. Consistently one of the firm’s top-producing brokers, Horowitz has been with the New York-based real estate services firm since 1990. Over the course of his career Excerpt from: CoStar’s People of Note (March 11-17) Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Distressed Sales Volume Remains at Elevated Levels Despite Big Boost in Non-Distressed Sales in Recovering Economy

March 15, 2012

Costar… Distressed trading volume has stabilized but continues to remain at elevated levels, increasing by approximately 2% last year over 2010. However, a surge in non-distressed property trading driven by improving economic conditions has begun to mitigate its impact on commercial real estate pricing levels overall. According to CoStar Group data, the volume of distressed transactions in December 2011 remained well above the average monthly volume for… See the original post here: Distressed Sales Volume Remains at Elevated Levels Despite Big Boost in Non-Distressed Sales in Recovering Economy Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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CoStar CRE Pricing Indices Continue Upward Trend In January

March 15, 2012

Costar… CoStar’s monthly National Composite Index of commercial real estate prices opened 2012 with a 1.5% increase as the ongoing recovery reaped the benefits of improving investor confidence and steady pricing growth. With the gain in January, the National Composite Index is now 1.9% above the same period last year and has posted gains in eight of the last nine months since April 2011, with an average monthly increase of 0.8% — consistent with steady… Continue reading here: CoStar CRE Pricing Indices Continue Upward Trend In January Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Auction Sales Keep Going, Going, Going Up

March 15, 2012

Costar… One of the clear winners so far in the post Great Recession market are commercial real estate auctioneers. The dollar volume of CRE properties sold via auction jumped 33% from 2010 through 2011. Auction sales, excluding non-arms length foreclosures, jumped from $2.52 billion in 2010 to $3.35 billion, according to data from CoStar COMPs. It should be noted that these numbers may under-report the amount and volume of auction-based sales activity… Link: Auction Sales Keep Going, Going, Going Up Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Facing Wave of Maturities, More Banks Expected To Sell Non-Performing Loans in 2012

March 15, 2012

Costar… After years of slim pickings as many banks opted to extend non-performing loans (NPL) to CRE owners, investors are finally enjoying an uptick in opportunities for acquiring distress commercial real estate assets, according to the latest Ernst & Young U.S. nonperforming loan survey, At the crossroads: Ernst & Young 2012 real estate nonperforming loan investor survey. Improving bank earnings and declining loan loss reserves, coupled with the sheer… Follow this link: Facing Wave of Maturities, More Banks Expected To Sell Non-Performing Loans in 2012 Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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BAM Backs Perot With $400M Joint Venture Targeting Industrial Real Estate Investment

March 14, 2012

Costar… Brookfield Asset Management (NYSE: BAM) formed a joint venture with Hillwood, the Dallas-based real estate investment and development firm owned by Ross Perot, Jr., to acquire, develop and manage industrial property across the U.S. Backed by an equity commitment of $400 million, the venture could deploy up to $1 billion buying up industrial property within three years, principally large warehouses. Hillwood will be tasked with selecting suitable… Read this article: BAM Backs Perot With $400M Joint Venture Targeting Industrial Real Estate Investment Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Banks Returning to CRE Lending via Multifamily, Owner-Occupied Properties

March 8, 2012

Costar… It’s not a big hook to hang a hat on, but the small increase in some commercial real estate loan balances on bank books at the end of the year serves as yet another indication of thawing lending markets for property investors. Overall loan balances on bank books posted their largest real growth in four years, according to year-end numbers released this past week by the Federal Deposit Insurance Corp. (FDIC). As far as CRE lending goes, it was… Excerpt from: Banks Returning to CRE Lending via Multifamily, Owner-Occupied Properties Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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Biotech, Lab Property Owners Holding Their Own Despite Shifting Landscape for Tenants

March 8, 2012

Costar… Big changes are roiling U.S. biotechnology and life sciences companies — and by extension the real estate owners that rent them with lab, R&D and manufacturing space — with pressures from global markets and regulatory and economic uncertainty causing tenants to rethink their property footprints and expansion plans, and even downsize in some cases. While the changes over the last five years have inevitably created volatile market conditions for… Read more from the original source: Biotech, Lab Property Owners Holding Their Own Despite Shifting Landscape for Tenants Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net

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