Oxford Properties, the real estate unit of Canadian pension fund OMERS and CPPIB bought a 1.3-million-sq.-ft. freight terminal in Manhattan for conversion into an office building.
The pay gap hasn’t closed significantly, according to Julie Sorensen, industry research committee co-chair with CREW.
A U.S. District Judge said the government’s seizure of all mortgage companies’ profits in January 2013 to recapture taxpayer-funded bailout money might have constituted a breach of faith.
The potential buyer alerted Jonathan Litt’s Land & Buildings that the company made a bid at a significant premium to Mack-Cali’s stock price.
There are slight signs of caution, but CRE lenders and borrowers expect capital markets to remain stable for the sector in 2019.
What advantages and drawbacks do all these contract options carry?