COMMERCIAL REAL ESTATE HEADLINE NEWS

 
 

CRE Headline News

CoStar

  • Schnitzer West, Investcorp JV Acquire 41-Story Seattle Tower at 901 5th
    RREEF, the real estate investment management arm of Deutsche Asset Management, an affiliate of Deutsche Bank AG, has sold the office tower at 901 5th Ave. in Seattle, WA to a partnership between Investcorp Group and Schnitzer West, one of the West Co…
    - 2 days ago 30 Jun 16, 2:42am -
  • New Financial Disclosure Rules Pose Latest Hurdle for Beleaguered Non-Traded REIT Industry
    Over the next few weeks, investors in non-traded REITs will begin receiving new financial statements mandated under new rules that require trusts and their broker-dealers to provide more accurate and timely information on the actual value of their in…
    - 2 days ago 30 Jun 16, 2:35am -
  • Updated: Hines REIT Approves $1.7 Billion Asset Liquidation Plan
    Hines Real Estate Investment Trust Inc., one of three public non-listed REITs sponsored by Hines, approved a plan for liquidation and dissolution of the company.The plan, which is subject to stockholder approval, takes advantage of the current stro…
    - 2 days ago 30 Jun 16, 2:14am -
  • CRE Price Gains Return for Second Straight Month with Boost from Net Absorption
    U.S. commercial property prices continued their solid growth in May, returning to the average monthly pace established in the previous several years and erasing declines from a pricing pull-back in the first quarter of the year, according to the late…
    - 2 days ago 29 Jun 16, 12:11pm -
  • Brexit Vote Amplifies Downside, Upside for U.S. Investors in the U.K.
    Even as investors appeared to quickly move past the shock of Britain’s surprise vote last week to unfriend the European Union, the outlook remains complicated for U.S.-based owners of properties in the U.K. and other foreign owners.U.S. REITs own…
    - 2 days ago 29 Jun 16, 10:19am -
  • Bon-Ton Facing Cash Crunch after Sale/Leaseback Deal Called Off
    Department store chain The Bon-Ton Stores Inc. may be facing a cash crunch after confirming that an agreement to sell and lease back two stores in Minnesota and one in Illinois to United Trust Fund Partnership for for nearly $45 million has fallen th…
    - 2 days ago 29 Jun 16, 10:16am -
  • Ashford Prime to The Weisman Group: 'Make Us a Better Offer'
    Ashford Hospitality Prime Inc. sent a letter saying basically, “let’s make a deal’ to Lyle Weisman, manager of the Weisman Group. Earlier this month, The Weisman Group, an investment firm based in Sherman Oaks, CA, made an unsolicited offer to…
    - 2 days ago 29 Jun 16, 10:12am -

National RE Investor

Wall Street Journal

  • newBrexit Vote Casts Shadow Over London Building Boom
    Goldman Sachs’s London headquarters is one of at least 20 new buildings being built by foreign financial-services companies. While most say that they haven’t changed their mind on construction yet, their sites are a symbol of post-Brexit risks fo…
    - 4 hours ago 1 Jul 16, 11:21am -
  • Underground Library in Manhattan Rewrites Design Rules
    The new public library on West 53rd Street in Manhattan might be mistaken for a SoHo boutique. The New York Public Library’s signature lion logo is the only giveaway that books are inside.
    - 1 day ago 30 Jun 16, 4:00am -
  • Larchmont Residents Rush to Save Theater
    With the 83-year-old Larchmont Playhouse up for sale, a group of residents of the town northeast of Manhattan are raising money and trying to find a way to keep the theater going.
    - 2 days ago 30 Jun 16, 3:07am -
  • Brexit Vote Roils Real-Estate Markets
    Investors are dumping property shares in Britain and developers are reassessing projects following the U.K. vote to leave the EU.
    - 2 days ago 29 Jun 16, 4:25pm -
  • Chinese Buyers Look Again at U.K. Property
    As turmoil continues to grip U.K. markets, some in China are beginning to eye British property for potential bargains.
    - 2 days ago 29 Jun 16, 10:26am -
  • GIC in Talks to Buy Owner of Manufactured-Home Communities
    Singapore sovereign-wealth fund GIC is negotiating to acquire Denver-based Yes Communities, an owner of manufactured-housing communities, in a deal valuing Yes at more than $2 billion.
    - 2 days ago 29 Jun 16, 4:02am -
  • Classic Waldorf Hotel to Be Gutted, Up to 1,100 Rooms Turned Into Condos
    The Chinese acquirer of New York’s Waldorf Astoria is finalizing plans for an extensive overhaul that would shut the landmark hotel for up to three years and convert as many as three-quarters of its rooms into private apartments.
    - 4 days ago 28 Jun 16, 12:56am -

BizJournals

  • newUMMC to open outpatient care center in west side apartment building
    The University of Maryland Medical Center is converting the first floor of an apartment building on downtown's west side into a new outpatient care center.The 36 S. Paca St. building — owned by UMMC — will house the hospital's new Coordinated C…
    - 36 mins ago 1 Jul 16, 2:43pm -
  • newMETCO awards facade loans to Bardstown Road, Dixie Highway area properties
    Two more local businesses have benefited from Louisville Metro Government's small business loans program.During its monthly meeting yesterday, Louisville Metropolitan Business Development Corp., known as METCO, awarded two facade loans, totaling mo…
    - 1 hour ago 1 Jul 16, 2:15pm -
  • newWhole Foods in Amherst construction to start next week
    Construction on the much-anticipated the region’s Whole Foods Market is expected to start just after the Fourth of July holiday.The multi-level, 50,000-square-foot supermarket will anchor WS Development’s first Buffalo Niagara regional investme…
    - 1 hour ago 1 Jul 16, 2:11pm -
  • newGE snubs Raleigh again - Commerce records show NC wasn't shortlisted this time
    While General Electric (NYSE: GE) may have had Raleigh on its short-list for its new headquarters, the manufacturing giant did not appear to consider the City of Oaks when selecting a site for its 400-job big data hub.That project is headed for Atl…
    - 2 hours ago 1 Jul 16, 1:40pm -
  • newHouston apartments rank among largest in the nation
    They say everything's bigger in Texas, and that’s the case with Houston’s apartments, according to a new report.RentCafe, a national apartment search firm, analyzed data from its sister company Yardi Matrix, and found that Houston ranks among t…
    - 2 hours ago 1 Jul 16, 1:33pm -
  • newOntario Gaming issues RFPs to five firms for Niagara Falls entertainment center
    The Ontario Lottery and Gaming Commission has selected five Canadian firms to bid on developing the long-awaited entertainment complex for its two Niagara Falls casinos.Requests for proposals were sent to: Falls Community Partners, Golden Horseshoe…
    - 2 hours ago 1 Jul 16, 1:32pm -
  • newRussian River Brewing Co. plans massive expansion near Santa Rosa
    The Sonoma County brewery behind cult favorite beer Pliny the Younger has purchased a 15-acre plot of land in Windsor, near Santa Rosa, sealing the deal on the company's longtime plan to open a second brewpub.Russian River's new 90,000-square-foot…
    - 2 hours ago 1 Jul 16, 1:26pm -

CRE News