Paltry Payout Likely for Piedmont
January 29th, 2010If the IPO meets the most optimistic estimate, the average investor will realize a 2.1% annual return over seven years, according to one analysis.
MGM Mirage May Divest Borgata
January 29th, 2010MGM Mirage is preparing to sell its stake in the Borgata casino in Atlantic City to appease New Jersey regulators, who disapprove of the company’s partner in Macau.
Burkle Angles for Barneys Stake
January 29th, 2010Billionaire Ronald Burkle is angling to take a controlling stake in Barneys New York.
A&B Properties Completes $81M in Retail Sale Transactions
January 29th, 2010A&B Properties, the real estate subsidiary of Honolulu, HI-based Alexander & Baldwin, closed on the $50.3 million sale of Mililani Shopping Center, which is located in Central Oahu, Hawaii. Newport, CA-based Stoneridge Capital Partners acquired the 180…
Mortgage Bulls Bid Fed Adieu
January 28th, 2010A growing number of investors are betting that the fears are overstated and interest rates won’t soar when the Central Bank ends its $1.25 trillion mortgage-buying spree in just over two months.
In a Surprise, Office Market Posts Unexpectedly Good Results
January 27th, 2010Even though the overall number of U.S. jobs continued to disappear through December of last year, the U.S. office market unexpectedly posted positive net absorption for the quarter.
The most likely explanation is that jobs in the office sector increased…
Investor Focus: Hotels Poised for Picking?
January 27th, 2010Private equity firms and corporations seemed poised to take advantage of opportunities in the distressed hotels arena this year.
In the past week, an affiliate of Lone Star Funds agreed to acquire Lodgian Inc. for $270 million, including assumed debt…
Hotels Poised for Picking?
January 27th, 2010Private equity firms and corporations seemed poised to take advantage of opportunities in the distressed hotels arena this year.
In the past week, an affiliate of Lone Star Funds agreed to acquire Lodgian Inc. for $270 million, including assumed debt…
Banks Report Slowing CRE Loan Charge-Offs
January 27th, 2010A number of major regional banks reported a general slowing in the rate of deterioration of their commercial real estate loan portfolios in the fourth quarter, with several reporting a decline in the rate of charge-offs — loans deemed mostly uncollectable…
Finalist for Citi Property Portfolio: Its Architect
January 27th, 2010Apollo Global Management and Macquarie Group are finalists for Citigroup’s commercial-property portfolio. If Apollo wins, the portfolio’s architect could be in charge again.
