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Wednesday, 01 February 2012 22:23 |
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Real estate investment firm C-III Capital Partners LLC last week completed its acquisition of Princeton, NJ-based NAI Global. The long-awaited closing came seven months after the transaction was announced in June, leading some to wonder if the deal had fallen by the wayside. But C-III was hardly idle during that time, acquiring three other companies and making a major play for cash-strapped CRE services firm Grubb & Ellis Co.
As reported by CoStar... Read more: |
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Wednesday, 01 February 2012 20:15 |
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As economic headwinds subside, the commercial real estate lending business for U.S. banks has hit an inflection point. For the first time in five years, a majority of banks are finally talking about their ability to grow their loan portfolios.
While the sentiment among banks is neither unanimous, nor the projected lending growth strong, bank executives in analyst earnings calls over the past couple of weeks were clearly signaling they believe they... Read more: |
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Wednesday, 01 February 2012 05:07 |
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Regulators took over four banks in the past week, including the $1.2 billion-sized Tennessee Commerce Bank of Franklin, TN, one other Tennessee bank and one each in Florida and Minnesota.
Republic Bank & Trust Co. (RB&T) in Louisville, KY, acquired Tennessee Commerce Bank from the Federal Deposit Insurance Corporation ("FDIC").
In addition to assuming approximately $1 billion of the deposits of TCB (both insured and uninsured), RB&T purchased... Read more: |
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Wednesday, 01 February 2012 01:58 |
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London looks likely to experience a drought of new housing over the next few years, as construction of homes amid fears of renewed recession and a dearth of mortgage finance, a report from property consultant suggests. Read more: |
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Tuesday, 31 January 2012 20:33 |
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A Goldman Sachs Group Inc. real-estate fund that has walked away from a number of struggling investments is taking a different approach with a Chicago skyscraper, deciding to fight its creditors rather than surrender ownership of the building. Read more: |
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Wednesday, 01 February 2012 20:33 |
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With the gradual return of economic growth, including higher levels of manufacturing and consumer spending, the vacancy rate for U.S. warehouses continued to decline at the end of 2011 as the property sector was buoyed by its strongest quarter for net absorption since late 2008.
The vacancy rate for all U.S. industrial properties tracked by CoStar declined to 9.6% in the fourth quarter, down by a slight 24 basis points from the previous three months... Read more: |
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Wednesday, 01 February 2012 20:13 |
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The dollar volume of commercial real estate sales vaulted back to longterm historical levels in 2011. CoStar Group has confirmed $291.6 billion in CRE sales in 2011, a 32% increase over the sales volume in 2010.
Last year's volume bested the 12-year average volume of $254.2 billion. However, the 2011 dollar volume is still overshadowed by credit-bubble level of $560.5 billion in 2007.
Sales of office property led all other types in dollar volume... Read more: |
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Wednesday, 01 February 2012 05:05 |
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Goldman Sachs is the putting out the first new CMBS offering of 2012.
GS Mortgage Securities Trust 2012-GC6 is a pool of 80 fixed-rate loans totaling $1.15 billion and backed by 127 properties.
The loans were originated by Goldman Sachs Mortgage Company (45.8%), Citigroup Global Markets Realty Corp. (45.1%), and Archetype Mortgage Funding ILLC (9.1%).
According to Moody's Investors Service, the concentration of multifamily and manufacturing... Read more: |
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Tuesday, 31 January 2012 20:38 |
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Boston Properties Inc. and SL Green Realty Corp. reported stronger-than-expected quarterly earnings, a sign that the nation's largest office landlords have been able to boost revenue despite tepid job growth. Read more: |
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Tuesday, 31 January 2012 20:05 |
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Blackstone Group's $11 billion bet on retail property is showing signs of paying off. Read more: |
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