Transactions | Aug 6, 2014 Mori Hills REIT buys Tokyo office for $744m by Andrea Waitrovich Japanese developer Mori Building has sold its headquarters, the Ark Hills South Tower in Tokyo, ¥76.6 billion, or ¥197,515 per square foot ($744.4 million/$1,919 per square foot). Mori Hills REIT was the buyer of the 387,820-square-foot, 20-story office.
Transactions | Aug 6, 2014 IN-DEPTH: Ivanhoé Cambridge, Sears Canada sell interests in Canadian shopping center by Andrea Waitrovich Ivanhoé Cambridge and Sears Canada have agreed to sell their interests in Kildonan Place, a shopping center located in Winnipeg, Manitoba.
CMBS delinquency rate continues to drop, decline slowed by Reg Clodfelter For the 14th straight month, the delinquency rate for U.S. commercial real estate loans in CMBS declined, but the drop slowed to a crawl as July's rate (6.04 percent) only beat out June's (6.05 percent) by 1 basis point.
Transactions | Aug 5, 2014 Tishman Speyer sells several assets around the globe by Andrea Waitrovich Tishman Speyer has plans to sell several assets in Los Angeles and London, totaling approximately $522.1 million in sales price.
Transactions | Aug 5, 2014 IN-DEPTH: Unibail-Rodamco sells six malls for $1.2b by Andrea Waitrovich Unibail-Rodamco SE has agreed to sell a portfolio of six shopping centers anchored by retailer Carrefour and located across France to Carmila.
Fundraising | Aug 5, 2014 NGP raises $1.3b for natural resources fund by Reg Clodfelter NGP Energy Capital Management has raised $1.3 billion for NGP Natural Resources XI, which launched in July 2013 with a $4.8 billion hard cap.
Transactions | Aug 4, 2014 Fibra Uno to buy Mexico City complex for $409.7m by Andrea Waitrovich Mexican REIT Fibra Uno has paid 5.4 billion pesos ($409.7 million) for the Samara Corporate, Hotel and Mall complex in Mexico City.
Transactions | Aug 4, 2014 Ponte Gadea enters Toronto with $235m buy by Andrea Waitrovich Spain-based Ponte Gadea is in contract to buy Renaissance Plaza, a 269,205-square-foot office property in Toronto, for $235.1 million.
Investors | Aug 4, 2014 Oregon Public Employees commits $200m to office JV with Lionstone by Reg Clodfelter The $68.7 billion Oregon Public Employees Retirement Fund has committed $200 million to Lionstone Partners for a joint venture titled Lionstone OPERF Real Estate One.
Transactions | Aug 1, 2014 New York REIT pays $335m for Twitter HQ by Andrea Waitrovich New York REIT has purchased Twitter's headquarters in Manhattan located at 245
Transactions | Aug 1, 2014 JP Morgan buys Hawaiian retail mall for $700m by Andrea Waitrovich, 8/1/14; released 6/6/14 JP Morgan Asset Management has acquired the 310,000-square-foot Royal Hawaiian Shopping Center in Honolulu.
Transactions | Aug 1, 2014 Recent commercial real estate transactions by Andrea Waitrovich The largest transactions were an office in Boston and an apartment complex in Los Angeles.
Transactions | Jul 31, 2014 AEW sells more than $1b in assets by Andrea Waitrovich AEW Capital Management has shed many assets in Europe and the United States.
Transactions | Jul 31, 2014 IN-DEPTH: Cousins buys North Carolina office property for $215m by Andrea Waitrovich Cousins Properties has purchased Fifth Third Center in Charlotte, N.C., for $215 million, or $317 per square foot.
Research | Jul 31, 2014 GDP grows by 4% annualized in Q2 by Reg Clodfelter Following a GDP contraction of 2.1 percent during first quarter 2014 - the first U.S. GDP contraction in three years - U.S. GDP rebounded in a big way in the second quarter, growing by 4 percent.
Fundraising | Jul 31, 2014 Sterling raises $95m for second fund by Reg Clodfelter The Sterling Organization has raised $95 million for its recently launched Sterling Value Add Partners II, according to a filing with the SEC.
Fundraising | Jul 30, 2014 Talmage holds first close for high-yield real estate debt fund by Andrea Waitrovich, released 7/29/14 Talmage LLC has held a first close of Talmage Total Return Partners, raising $100 million.
Transactions | Jul 30, 2014 Accesso buys Chicago office tower for $122m by Andrea Waitrovich Accesso Partners, formerly known as Beacon Investment Properties, has acquired 230 W. Monroe St., a 29-story, class A office tower in downtown Chicago.
Report: Rising household debt reflects growth in consumer confidence by Reg Clodfelter For the first time in six years, aggregate consumer debt has increased for three consecutive quarters, reflecting growing consumer confidence and "a sign of a return to more normal times."
Research | Jul 30, 2014 €27b in European property loans originated in H1 2014 by Loretta Clodfelter The lending market in Europe has grown substantially in the past two years, with the number of active lenders up 47 percent since first quarter 2012.
