Top Real Estate News Top Real Estate News <![CDATA[GRUBB & ELLIS FILES FOR BANKRUPTCY, SELLS TO BGC]]> SANTA ANA, CALIF. — Grubb & Ellis has filed for Chapter 11 bankruptcy, the company a...]]> <![CDATA[CNL HEALTHCARE TRUST BUYS FIVE SENIORS HOUSING COMMUNITIES FOR $84M]]> ORLANDO — Orlando-based CNL Healthcare Trust has purchased five seniors housing communit...]]> <![CDATA[ TREND IN APARTMENT RENTER SURVEY BODES WELL FOR SINGLE-FAMILY HOME MARKET]]> Is the American dream of home ownership about to be rekindled after a bruising recession force...]]> <![CDATA[CAMPUS ADVANTAGE CLOSES $100 MILLION JOINT VENTURE]]> AUSTIN — Austin-based Campus Advantage has met its target of purchasing $100 million in ...]]> <![CDATA[WESTFIELD TO SELL INTEREST IN 10 SHOPPING CENTERS FOR $1.8 BILLION]]> LOS ANGELES —The Canada Pension Plan Investment Board (CPPIB) and Westfield Group have e...]]> <![CDATA[BROOKDALE ACQUIRES NINE SENIORS HOUSING PROPERTIES FOR $121.3M]]> BRENTWOOD, TENN. — Brookdale Senior Living Inc., a Brentwood-based senior living owner a...]]> <![CDATA[BOARD APPROVES $120M VETERINARY FACILITY FOR TEXAS A&M]]> COLLEGE STATION — The Texas A&M University System Board of Regents has approved a $1...]]> <![CDATA[CONSTRUCTION LENDERS ADVISE CAUTION ON APARTMENT DEVELOPMENT FRONT]]> ATLANTA — Multifamily development is expected to ramp up in the U.S. in the next few yea...]]> <![CDATA[Will the Next Real Estate Downturn Have a Different Outcome for CMBS?]]> Have CMBS lenders learned from their mistakes that led to today’s high default rates, or...]]> <![CDATA[ATLANTA ECONOMIST: WHY THIS RECOVERY IS SO TEPID ]]> ATLANTA — A steep recession is typically followed by a steep recovery. So what happened ...]]> <![CDATA[LIFE IN CONSERVATORSHIP: FANNIE AND FREDDIE MULTIFAMILY COPE, THRIVE]]> ATLANTA — David Brickman, senior vice president of Freddie Mac Multifamily, has some adv...]]> <![CDATA[MBA SURVEY: NON-BANK REAL ESTATE LOAN MATURITIES DECLINE IN 2012]]> ATLANTA — The Mortgage Bankers Association (MBA) reports that 10 percent of commercial a...]]> <![CDATA[Is January Jobs Report a Game-Changer? Economists Weigh In]]> It’s premature to pop the champagne cork, say real estate economists, despite a healthy ...]]> <![CDATA[ECHELON AT K STATION IN CHICAGO SELLS FOR $104.5 MILLION]]> CHICAGO — Miami-based developer Crescent Heights has purchased Echelon at K Station &mda...]]> <![CDATA[TREPP: CMBS DELINQUENCY RATE DIPS TO 9.52 PERCENT IN JANUARY]]> While more than $5 billion of loans within commercial mortgage-backed securities (CMBS) became...]]> <![CDATA[PARTNERSHIP ACQUIRES NYC OFFICE AND RETAIL PROPERTY FOR $390M]]> NEW YORK CITY — A partnership between Jamestown Properties, Rockwood Capital, Crown Acqu...]]> <![CDATA[PARAMOUNT GROUP ACQUIRES TROPHY D.C. OFFICE BUILDING]]> WASHINGTON, D.C. — Paramount Group, Inc., a New York City-based real estate investment a...]]> <![CDATA[7-ELEVEN EXPANDS PRESENCE IN THE CAROLINAS AND TEXAS]]> DALLAS — 7-Eleven has entered into an agreement to acquire 55 Sam’s Mart stores in...]]> <![CDATA[NCREIF TIMBERLAND INDEX RISES SLIGHTLY IN 2011]]> CHICAGO — After two years of contraction, the NCREIF Timberland Index rebounded modestly...]]> <![CDATA[PENZANCE GAINS SITE PLAN APPROVAL FOR $150M MIXED-USE DEVELOPMENT]]> ARLINGTON, VA. — Washington, D.C.-based Penzance has received site plan approval from th...]]> <![CDATA[PRIVATE REAL ESTATE OUTPERFORMS S&P AND NAREIT IN 2011, SAYS NCREIF]]> CHICAGO — Newly released results for the NCREIF Property Index (NPI) show total returns ...]]> <![CDATA[AFRICA ISRAEL USA CLOSES ON $165M SALE OF CLOCK TOWER BUILDING]]> NEW YORK CITY — Africa Israel USA (AFI USA) has closed on the $165 million sale of the 2...]]> <![CDATA[COLLIERS: PENDULUM BEGINS TO SWING TOWARD OWNERS IN COLUMBIA OFFICE CBD]]> Columbia, S.C. — Columbia's CBD office sector is on the verge of becoming a landlord...]]> <![CDATA[RICHMOND OFFICE MARKET SEES UPTICK IN LEASING, SALES]]> The Richmond, Virginia, office market is gradually recovering from the effects of the recessio...]]> <![CDATA[BEECH STREET DOUBLES MULTIFAMILY FINANCING IN 2011 TO $2.2 BILLION]]> BETHESDA, MD. — In 2011, Beech Street Capital provided $2.2 billion in multifamily finan...]]> <![CDATA[STREET-WORKS DEVELOPMENT AND THE BEAL COS. PARTNER FOR $1.6B QUINCY CENTER]]> QUINCY, MASS. — Street-Works Development and The Beal Cos. have formed a partnership to ...]]> <![CDATA[PRESTIGE UNVEILS PLANS FOR NEW BRONX FASHION MALL]]> NEW YORK CITY — A 630,000-square-foot enclosed fashion mall, with a new Macy's as it...]]> <![CDATA[HORNROCK PROPERTIES PLANS TO ACQUIRE $125M IN REAL ESTATE]]> PARAMUS, N.J. — Paramus-based HornRock Properties has plans to acquire $125 million in r...]]> <![CDATA[HSRE LAUNCHES OPEN-END CORE PROPERTY FUND, BUYS STERLING CENTRAL APARTMENTS]]> CHICAGO — Harrison Street Real Estate Capital (HSRE) has launched the Harrison Street Co...]]> <![CDATA[Trepp: Prolonged Commercial Real Estate Recovery Takes Toll on U.S. Banks]]> Bank profits will be under pressure in 2012, and the industry’s large exposure to commer...]]> <![CDATA[EPN TO SELL 47 SHOPPING CENTERS TO JOINT VENTURE FOR $1.43 BILLION]]> SKOKIE, ILL. — Skokie-based EPN Group has entered into an agreement to sell 47 shopping ...]]> <![CDATA[SL GREEN BUYS 10 EAST 53RD STREET OFFICE BUILDING IN NYC FOR $252.5M]]> NEW YORK CITY — SL Green Realty Corp. (NYSE: SLG) has entered into an agreement to acqui...]]> <![CDATA[CONSTRUCTION TO BEGIN FOR $160M MIXED-USE DEVELOPMENT ONE SANTA FE]]> LOS ANGELES — Canyon-Johnson Urban Fund (CJUF) has provided an undisclosed amount of pre...]]> <![CDATA[10-YEAR TREASURY YIELD DIPS DESPITE ‘HEARTENING’ JOBS DATA]]> Borrowers with a low cost of capital are living the dream. The yield on the 10-year U.S. Treas...]]> <![CDATA[CAN THE APARTMENT MARKET DELIVER AN ENCORE PERFORMANCE IN 2012?]]> Apartment investors in several major metros across the country, especially Northern California...]]> <![CDATA[DUKE REALTY BREAKS GROUND ON MOB AT INDIANA'S $754M ESKENAZI HEALTH CAMPUS ]]> INDIANAPOLIS — Duke Realty has broken ground on the 274,000-square-foot Fifth Third Facu...]]> <![CDATA[LASALLE HOTEL PROPERTIES CLOSES $396.2M PURCHASE OF PARK CENTRAL HOTEL]]> NEW YORK CITY — LaSalle Hotel Properties (NYSE:LHO) has closed on the $396.2 million acq...]]> <![CDATA[PSB BUYS 5.3 MILLION-SQUARE-FOOT INDUSTRIAL PORTFOLIO FOR $520 MILLION ]]> Glendale, Calif. — PS Business Parks (PSB) has acquired a 5.3 million-square-foot indust...]]> <![CDATA[FROM BOOM TO BUST: THREE CASE STUDIES IN CLEVELAND DISTRESSED REAL ESTATE]]> Cleveland’s commercial real estate investment market enjoyed a sustained period of stron...]]> <![CDATA[CBRE GLOBAL INVESTORS SELLS MET CENTER OFFICE BUILDING FOR $104.9 MILLION]]> EAST RUTHERFORD, N.J. — CBRE Global Investors has sold the 421,317-square-foot Metropoli...]]> <![CDATA[BI-LO, WINN-DIXIE TO MERGE]]> GREENVILLE, S.C., AND JACKSONVILLE, FLA. — BI-LO and Winn-Dixie Stores (NASDAQ: WINN) ha...]]> <![CDATA[LIBERTY PROPERTY TRUST TO BUILD $135 MILLION INDUSTRIAL PARK]]> MIAMI —Liberty Property Trust (NYSE: LRY) has plans to develop the 1.6 million-square-fo...]]> <![CDATA[ MCSHANE LAUNCHES 100-ACRE BUSINESS PARK IN SUBURBAN CHICAGO]]> CHICAGO — McShane Development Co. has launched Union Pointe, a 100-acre industrial and o...]]> <![CDATA[ARCHSTONE ACQUIRES MANHATTAN APARTMENT HIGH-RISE FOR $131 MILLION]]> NEW YORK CITY — Englewood, Colo.-based Archstone has purchased the 209-unit Eastbridge L...]]> <![CDATA[BEHRINGER HARVARD CLOSES $59 MILLION LOAN TO REFINANCE CHASE PARK PLAZA]]> ST. LOUIS — Behringer Harvard and Kingsdell LP have secured a $59 million loan from PFP ...]]> <![CDATA[JOINT VENTURE ACQUIRES ALAMO RANCH SHOPPING CENTER FOR $92.2 MILLION]]> SAN ANTONIO, TEXAS — A joint venture between Oakbrook, Ill.-based Inland Western Retail ...]]> <![CDATA[COMMERCIAL, MULTIFAMILY DELINQUENCY RATES FALL SLIGHTLY IN THIRD QUARTER]]> WASHINGTON, D.C. — The delinquency rates for commercial mortgages held by banks and in c...]]> <![CDATA[JLL ANTICIPATES SLOW AND STEADY GROWTH IN 2012]]> CHICAGO — The European debt crisis coupled with ongoing financial concerns in some emerg...]]> <![CDATA[5 BANKS FAIL IN NOVEMBER, APPROXIMATELY 100 TO FAIL IN 2011]]> NEW YORK CITY — Five banks in the United States failed in November, according to Trepp&r...]]> <![CDATA[HOW BULLISH ARE LENDERS ON MEDICAL OFFICE BUILDINGS?]]> The lending community has a much stronger appetite for healthcare facilities located on hospit...]]> <![CDATA[EQUITY RESIDENTIAL TO ACQUIRE INTEREST IN ARCHSTONE FOR $1.32 BILLION]]> CHICAGO — Chicago-based Equity Residential (NYSE: NQR) has entered into an agreement to ...]]> <![CDATA[Holiday Cheer? Real Estate Economists Assess November Jobs Report]]> Doomsday forecasters continue to be disappointed by a resilient U.S. economy that is generatin...]]> <![CDATA[Developers, Healthcare Industry Focus Like a Laser on Efficiency]]> Hospitals and their ancillary businesses need to find avenues to reduce costs and become more ...]]> <![CDATA[Fate of Atlanta Office and Apartment Markets Are Intertwined]]> How can the depressed metro Atlanta office market, which is reeling from a vacancy rate of app...]]> <![CDATA[REIS SENIOR ECONOMIST SAYS MULTIFAMILY SECTOR IS ‘SPECTACULAR.’]]> Atlanta — The apartment market is the darling of commercial real estate and will continu...]]> <![CDATA[PREI PURCHASES 22 WEST WASHINGTON OFFICE BUILDING IN CHICAGO FOR $183.5M]]> CHICAGO — Parsippany, N.J.-based Prudential Real Estate Investors (PREI) has acquired th...]]> <![CDATA[HOUSTON APARTMENT MARKET SHOWS SIGNS OF GROWTH]]> HOUSTON — Houston has experienced substantial improvement in multifamily fundamentals th...]]> <![CDATA[ROCKROSE STARTS CONSTRUCTION ON $750 MILLION RESIDENTIAL DEVELOPMENT]]> LONG ISLAND CITY, NEW YORK — Rockrose Development has begu...]]> <![CDATA[ROMANEK PROPERTIES SELLS THREE INDIANA OFFICE BUILDINGS FOR $85 MILLION]]> INDIANAPOLIS — Northbrook, Ill.-based Romanek Properties has sold a three-property, 433,...]]> <![CDATA[CONSTRUCTION BEGINS ON $114 MILLION APARTMENT HIGH-RISE IN CHICAGO]]> CHICAGO — A partnership between DeBartolo Development and Optima Inc. has started constr...]]> <![CDATA[PARTNERSHIP BREAKS GROUND ON $200 MILLION STUDENT HOUSING PROJECT]]> SHIPPENSBURG, PA. — A partnership between Shippensburg University Student Services Inc.&...]]> <![CDATA[FOUR RETAILERS DISCUSS 2012 GROWTH PLANS, CHALLENGES AT ICSC SOUTHEAST]]> ATLANTA — At the ICSC 2011 Southeast Conference, four retailers discussed their 2012 gro...]]> <![CDATA[Reliability of Appraisals Called Into Question at ICSC Southeast Conference]]> Appraisals play a critical role in the commercial real estate community. Investors, lenders an...]]> <![CDATA[RESORTS WORLD MIAMI ACQUIRES OMNI, SELECTS PRESIDENT]]> MIAMI — Resorts World Miami has completed the first stage of the $3.8 billion developmen...]]> <![CDATA[NORTHMARQ CAPITAL SHOWS BIG GAINS IN FINANCING VOLUME IN 2011]]> Fueled by a low interest rate environment and strong investor demand, NorthMarq Capital expect...]]> <![CDATA[CONSTRUCTION BEGINS ON $180 MILLION PONCE CITY MARKET]]> ATLANTA — Jamestown and its subsidiary, Green Street Properties, have started constructi...]]> <![CDATA[NEWGARD DEVELOPMENT GROUP TO BUILD $170 MILLION, 374-UNIT CONDO TOWER]]> MIAMI — Miami-based Newgard Development Group has plans to break ground in the second qu...]]> <![CDATA[11 BANKS FAIL IN OCTOBER, 100 PROJECTED TO FAIL THIS YEAR]]> NEW YORK CITY — Eleven banks in the United States failed in October, according to Trepp&...]]> <![CDATA[GOTHAM BREAKS GROUND ON $520 MILLION RESIDENTIAL DEVELOPMENT IN NYC]]> NEW YORK CITY — Gotham Organization, Inc., has broken ground on a $520 million, 1,238-un...]]> <![CDATA[Expect 2012 to Feel a Lot Like 2011, Say Real Estate Economists]]> Job growth is proceeding at an “agonizingly slow pace,” observes Victor Calanog, h...]]> <![CDATA[COMMERCIAL/MULTIFAMILY LOAN ORIGINATIONS UP IN THIRD QUARTER]]> WASHINGTON, D.C. — In the third quarter, there was a 98 percent increase in commercial a...]]> <![CDATA[ U.S. CMBS Delinquency Rate Rises Amid Euro-Zone Crisis]]> The on-again, off-again European debt crisis coupled with investor concerns over a potential p...]]> <![CDATA[MACY’S FLAGSHIP STORE TO UNDERGO $400 MILLION RENOVATION]]> NEW YORK CITY — In spring 2012, construction will begin on the $400 million renovation o...]]> <![CDATA[FOREST CITY TO LEAD 119-ACRE, TRANSIT-ORIENTED DEVELOPMENT IN ATLANTA]]> ATLANTA — The Georgia Department of Transportation has selected Forest City Real Estate ...]]> <![CDATA[LIBERTY PROPERTY TRUST BEGINS CONSTRUCTION ON $62M SPEC WAREHOUSE]]> BETHLEHEM, PA. — Malvern, Pa.-based Liberty Property Trust has started construction on a...]]> <![CDATA[MEPT AND BENTALL KENNEDY ACQUIRE TWO D.C. SHOPPING CENTERS FOR $122.6M]]> HERNDON, VA., AND FORESTVILLE, MD. — Multi-Employer Property Trust (MEPT), in conjunctio...]]> <![CDATA[INLAND BUYS FIVE-PROPERTY RETAIL PORTFOLIO FOR $172M]]> HOUSTON AND LEAGUE CITY, TEXAS — Inland Real Estate Acquisitions, on behalf of Inland Am...]]> <![CDATA[MONUMENT TO BEGIN 322,000-SQUARE-FOOT BUILD-TO-SUIT FOR BOEING]]> ARLINGTON, VA. — Monument Realty has completed several important steps in order to break...]]> <![CDATA[VIRGIN HOTELS ACQUIRES CHICAGO LANDMARK BUILDING FOR RENOVATION ]]> CHICAGO — Virgin Hotels has purchased the 27-story Old Dearborn Bank Building, located a...]]> <![CDATA[DUKE REALTY TO SELL OFFICE PORTFOLIO TO BLACKSTONE FOR $1.08 BILLION]]> INDIANAPOLIS — Duke Realty Corp. (NYSE: DRE) has entered into a definitive agreement to ...]]> <![CDATA[CERBERUS-CHATHAM TO ACQUIRE 64 INNKEEPERS HOTELS FOR $1.02 BILLION]]> NEW YORK CITY — A joint venture between Cerberus Series Four Holdings and Chatham Lodgin...]]> <![CDATA[MEPT AND BENTALL KENNEDY ACQUIRE NEWPORT TOWER FOR $377.5M]]> JERSEY CITY, N.J. — MEPT, in conjunction with Bentall Kennedy, has purchased the 1.1 mil...]]> <![CDATA[O’CHARLEY’S INC. COMPLETES $105M SALE-LEASEBACK TRANSACTION]]> NASHVILLE — O’Charley’s Inc. has completed the 20-year sale-leaseback of 50 ...]]> <![CDATA[AFRICA ISRAEL USA SIGNS AGREEMENT TO SELL CLOCK TOWER BUILDING FOR $165M ]]> NEW YORK CITY — Africa Israel USA has signed an agreement with an undisclosed buyer to s...]]> <![CDATA[GGP COMPLETES $966M REFINANCING OF FOUR SHOPPING CENTERS ]]> CHICAGO — Chicago-based General Growth Properties (GGP) has refinanced four shopping cen...]]> <![CDATA[GRUBB & ELLIS: 3Q OFFICE MARKET GROWTH SLOW, BUT STEADY DESPITE CHALLENGES]]> CHICAGO — Grubb & Ellis Senior Vice President and Chief Economist Bob Bach rele...]]> <![CDATA[U.S. BANKING SECTOR ON TRACK FOR CLOSE TO 100 FAILURES IN 2011]]> WASHINGTON, D.C. — Six U.S. banks failed in September, raising the total to 74 for the y...]]> <![CDATA[WOODMONT INDUSTRIAL PARTNERS FORMS TO ACQUIRE EASTERN SEABOARD PROPERTIES]]> CHATHAM, N.J. — Woodmont Industrial Partners (WI Partners), has formed as a new venture ...]]> <![CDATA[REAL ESTATE ECONOMISTS DISSECT SEPTEMBER JOBS REPORT]]> WASHINGTON, D.C. — Job growth is the straw that stirs the drink for the commercial real ...]]> <![CDATA[TIAA-CREF AND CBL CLOSE $1.09 BILLION SHOPPING CENTER JOINT VENTURE]]> NEW YORK CITY AND CHATTANOOGA, TENN. — TIAA-CREF and CBL & Associates Properties, In...]]> <![CDATA[NEWEST HIGH-RISE PLANNED FOR $1 BILLION 12TH & MIDTOWN PROJECT]]> ATLANTA — Daniel Corporation and Selig Enterprises Inc. are partnering with lender North...]]> <![CDATA["INVETERATE BEAR" PENNER TURNS BULLISH ON U.S. ECONOMY]]> The combination of a reeling stock market, weak consumer confidence, and an escalating Europea...]]> <![CDATA[CRE EXECUTIVES ANALYZE CAPITAL, PERSONNEL, AND DEVELOPMENT IN KPMG SURVEY]]> NEW YORK CITY — KPMG has released the results of its 2011 commercial real estate industr...]]> <![CDATA[GLOBAL INVESTOR SURVEY REVEALS CAUTIOUS OPTIMISM FOR COMMERCIAL EXPANSION]]> SEATTLE — Colliers International released its 2011 Global Investor Sentiment Survey this...]]> <![CDATA[GROSVENOR PLANS $600M HEALTHCARE INVESTMENT; BUYS OFFICE BUILDING NEAR DC]]> PHILADELPHIA AND RESTON, VA. — Grosvenor has reported two items of investment news,...]]> <![CDATA[HAIL AND EDGE ACQUIRE 100 PERCENT OWNERSHIP INTEREST IN 1540 BROADWAY]]> NEW YORK CITY — HSBC Alternative Investments, Ltd. (HAIL) and Edge Fund Advisors (EDGE) ...]]> <![CDATA[JV PLANS TO ACQUIRE MORE THAN $200M WORTH OF GROCERY-ANCHORED CENTERS]]> CINCINNATI — Phillips Edison – ARC Shopping Center REIT Inc., a publicly-registere...]]> <![CDATA[INVESTMENT CONFERENCE GOES IN DEPTH ON LENDING AND FINANCE TRENDS]]> ATLANTA — On Tuesday at InterFace Conference Group and Morris, Manning and Martin LLP&rs...]]> <![CDATA[NATIONAL INVESTMENT CONFERENCE COVERS STATE OF THE COMMERCIAL MARKET]]> ATLANTA — InterFace Conference Group and Morris, Manning and Martin LLP hosted the Comme...]]> <![CDATA[JONES LANG LASALLE CLOSES $143.5M DEAL FOR 1700 MARKET IN PHILADELPHIA ]]> PHILADELPHIA — Jones Lang LaSalle’s Capital Markets team has closed the $143.5 mil...]]>