HTA Closes $163M Purchase of Medical Office Assets
September 22nd, 2009Last week, Health Trust of America (formerly Grubb & Ellis Healthcare REIT) closed on its purchase of a 16-building, 855,376-square-foot medical office portfolio in Greenville, SC, from Greenville Hospital System for $162.82 million, or approximately…
In The Pipeline: CoStar Development and Construction News for Sept. 20-26
September 21st, 2009In this week’s issue, the family of Saints owner Tom Benson hopes to develop a sports entertainment center near the Louisiana Superdome in New Orleans; MDM tops off Met 2 Financial Center in downtown Miami; work starts up again at a luxury residential…
CoStar’s Retail News Roundup: Sep. 20 – 26, 2009
September 21st, 2009This week in the Retail Roundup, CoStar reports on expansions or new concepts at Toys R Us and Hotel Chocolat; closings, cutbacks, defaults, or bankruptcy news at Blockbuster, Men’s Wearhouse and Boscov’s; acquisition, merger, loan, sale, or IPO activity…
Glimcher Realty Trust Selling Lloyd Center Mall for $192M
September 18th, 2009Glimcher Realty Trust (NYSE: GRT) landed a deal to sell its Lloyd Center Mall in Portland, Oregon for $192 million. The buyer, Merlone Geier Partners IX, is assuming the existing $127.5 million mortgage loan on the property. Glimcher expects to generate…
U.S. Mall Pioneer and Simon Property Group Founder, Melvin Simon, Passes
September 17th, 2009Simon Property Group lost one of its founders, Melvin Simon, on Sept. 16, 2009. The mall industry pioneer died at age 82.
Simon served in the Army in the mid-1950s at Fort Benjamin Harrison in Indianapolis and with a Bachelor’s Degree in Accounting…
Saints Owner’s Family Buys Property Around New Orleans Superdome
September 16th, 2009The family of New Orleans Saints owner Tom Benson has closed a deal to buy the 26-story Dominion Tower office building and two other properties near the Louisiana Superdome. It’s one of the largest real estate transactions in downtown New Orleans since…
Corus Bank Closure Could Help Establish Bottom for Condo Values
September 16th, 2009Last weekend’s closure of commercial real estate lender Corus Bank by federal bank regulators certainly was not unexpected. After all, the feds turned down Corus’ request for a bailout when they were busy doling out hundreds of billions of dollars to…
Continued Success in Capital Markets Putting REITs in a Better Light
September 16th, 2009Increasing access to, and raising of, new capital is improving the outlook for U.S. equity REITs, according to Fitch Ratings.
Given the demonstrated ability by many REITs to raise common equity through follow-on offerings coupled with unsecured bond…
Continued Success in Capital Markets Puts REITs in a Better Light
September 16th, 2009Increasing access to, and raising of, new capital is improving the outlook for U.S. equity REITs, according to Fitch Ratings.
Given the demonstrated ability by many REITs to raise common equity through follow-on offerings coupled with unsecured bond…
Bank Watch: UCBH Hit with Cease & Desist; Board Clears Out Executives
September 16th, 2009UCBH Holdings Inc., the holding company of United Commercial Bank in San Francisco, entered into a cease and desist agreement with the Federal Deposit Insurance Corp. (FDIC) and the California Department of Financial Institutions. The order formally outlines…
