The glass was half-full for the most part at a daylong self-examination of the REIT industry in New York on Monday. Reasons include a battered Nasdaq, new REIT rules and an unshakable belief in solid real estate fundamentals.
Capstone Advisors is looking for an institutional investor as a replacement to Credit Suisse First Boston to help it develop housing communities in Southern California, where there's enough demand to satisfy eight years of homebuilding.
More than $167 million of CMBS were put on the block late Friday, surprising some market players who expect spreads to continue tightening.
Johnston Group is planning to raise $50 million of outside equity capital to buy office and research and development properties in Southern California.
Steve Silk and Jay Borzi, two of Cushman & Wakefield's top investment-sales brokers, have left the firm to join Secured Capital, adding substantial depth to that firm's investment-sales unit.
Terremark Holdings, which last month acquired a firm founded by Tom Mulroy and Cliff Preminger, is gearing up to raise an investment fund that will pursue carrier hotels.
Tom Goodwin, who advises clients on the sale of mortgages, is leaving Landauer Associates. He is joining debtx.com, an online firm that hopes to establish a beachhead in the fragmented market.
Jim Reichek, the senior commercial mortgage executive at Bear Stearns, is leaving the firm. He is said to be joining former DLJ top dog Don MacKinnon at RealPulse.com, a new commercial real estate Internet firm.
The investment bank has provided $415 million of financing for New York's Palisades Center mall and $520 million of debt for the privatization of Sunstone Hotel.
Unable to get anywhere near the $150 million it sought for Los Angeles' MCI Center/Macy's Plaza mixed-use center, the property's Japanese owner has decided to take the property off the market.
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© 2023 Commercial Real Estate Direct All rights reserved..