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Equity Capital Remains on the Sideline
Jun 26, 2008
Real estate equity capital remains voluminous but the lack of debt financing, a mismatch between capital and available product, and desire to see a proven market bottom are contributing to dramatically lower transaction volumes in 2008. ...
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KBS REIT Closes Share Offering
Jun 26, 2008
KBS Real Estate Investment Trust (REIT) has closed its offering of shares to the public, having raised $1.67 billion since July 2006....
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Commercial Property Prices Still Gaining
Jun 24, 2008
Commercial real estate prices were up more than 5% nationally at the end of March from the same time last year, according to Standard & Poor’s March GRA Commercial Real Estate Indices. ...
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PREI-Beekman Venture Targets Indian Real Estate
Jun 24, 2008
Prudential Real Estate Investors (PREI) has partnered with Beekman Helix India Partners to invest in real estate in India through a private equity platform on behalf of institutional clients....
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Cushman & Wakefield Relocates World Headquarters
Jun 18, 2008
Commercial real estate services firm Cushman & Wakefield has signed a 15-year deal to lease 156,282 sq. ft. at 1290 Avenue of the Americas, on the eastern block front between 51st and 52nd Streets in Midtown Manhattan. ...
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Report: U.S. Investment Sales Down 69% in First Quarter
Jun 12, 2008
An ongoing stalemate between buyers and sellers helped to slow commercial property transactions to a crawl in the first quarter, but researchers suggest activity will accelerate near or just after the end of 2008. ...
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Institutions Struggle with Denominator Effect
Jun 9, 2008
Just when many institutional investors have committed larger pools of money to the commercial real estate sector for the first time in years, those same investors are potentially facing the very real need to sell off a portion of their commercial real estate portfolios in order to maintain pre-set target investment allocation levels....
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RREEF Hires Global Head
Jun 9, 2008
Susan Barlow, a 20-year veteran of alternative investment strategies, is joining RREEF Alternative Investments as a managing director and head of global client relations....
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USAA Real Estate’s James Loyd
Jun 9, 2008
San Antonio-based USAA Real Estate Co., a division of insurance and financial services firm USAA, manages more than $4.4 billion in real estate assets. ...
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Economists See Job Losses as Mild
Jun 6, 2008
May’s employment numbers released today by the U.S. Department of Labor come as no surprise to economists. The government reports that the unemployment rate rose from 5% in April to 5.5% in May, with non-farm payrolls down by 49,000 jobs. ...
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DEALS & PROJECTS
Jun 1, 2008
Falcon Real Estate Investment Co. has acquired Heidelberg U.S.A. headquarters in Kennesaw, Ga. for $22.3 million. The acquisition was part of a 1031 exchange...
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In Progress: Park Place
Jun 1, 2008
DEVELOPER: Canyon-Johnson Urban Fund and Donatelli Development LOCATION: Washington, D.C. SIZE: 161 residential units, 16,000 sq. ft. of retail space...
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MIT Buys $90.5 Million Life Sciences Portfolio
May 29, 2008
The Massachusetts Institute of Technology (MIT) this month purchased a four-building complex of biotechnology buildings in Cambridge from a family trust for $90.5 million....
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Is Self-Storage Recession-Proof?
May 27, 2008
Self-storage real estate investment trusts (REITs) reported total returns of more than 23% year-to date at the end of April, based on an index maintained by the National Association of Real Estate Investment Trusts. ...
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Macklowe Portfolio Fetches Almost $4 Billion
May 27, 2008
In the largest commercial real estate acquisition deal of the year, Boston Properties reports it is buying a portfolio of four New York City office properties, including the General Motors Building, from Macklowe Properties for a total price of about $3.95 billion....
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NAR Sees Slim Ray of Light for Commercial Sectors
May 21, 2008
The U.S. economy will likely avoid a recession and pick up in the second half of this year, according to the National Association of Realtors, which expects the commercial property market to turn in a mixed performance....
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CBRE Closes $2.1 Billion Fund for Institutional Properties
May 15, 2008
CB Richard Ellis Investors has closed CB Richard Ellis Strategic Partners U.S. 5 to new investors, having raised equity commitments of $2.1 billion from institutional investors in the United States, Europe and the Middle East. ...
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Universities Acquire Former Hospital for $45 Million
May 15, 2008
Two New Jersey universities have purchased a 20-acre hospital site in Westwood, N.J. and plan to convert the former acute-care facility into a medical school. Hackensack University Medical Center and Touro University College of Medicine purchased the former home of Pascack Valley Hospital for $45 million...
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RREEF Marketing Industrial Portfolio
May 12, 2008
San Francisco-based RREEF Real Estate is now looking over bids for an eight-building, 1 million sq. ft. portfolio of industrial buildings that it recently brought to market....
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