General Growth to Unveil Split-Up Plan
February 24th, 2010General Growth, with help from Brookfield, is expected to propose a plan to split into two mall companies, exiting bankruptcy and thwarting Simon’s takeover bid.
Backlash Hits Calpers Property Deals
February 24th, 2010Investments by Calpers in deals that included converting low-rent properties to market-rent apartments raises concerns.
CBRE Investors Buys East End Apts. for $100.5 Million
February 24th, 2010Los Angeles-based CB Richard Ellis Investors purchased the Mass Court apartments at 300 H St. NW in Washington, DC, for $100.5 million, or about $270,889 per unit, according to public record. Prudential Real Estate Investors, acting on behalf of institutional…
General Growth Cuts Deal With Brookfield in Bid to Exit Bankruptcy
February 24th, 2010General Growth Properties (OTC: GGWPQ) is attempting to head off a hostile $10 billion takeover by Simon Property Group by striking a friendly recapitalization deal with Toronto-based Brookfield Asset Management Inc. But this game is far from over.
If…
General Growth Spurns Simon Offer, Cuts Deal With Brookfield
February 24th, 2010General Growth Properties (NYSE: GGP) is attempting to head off a hostile $10 billion takeover by Simon Property Group by striking a friendly recapitalization deal with Toronto-based Brookfield Asset Management Inc.
If the agreement by Brookfield (NYSE…
Lease Up/Lease Down (Feb. 21-27): Largest U.S. Office Lease in Two Years
February 24th, 2010CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial…
Continued Declines Start a Third Year
February 24th, 2010The Architecture Billings Index began its third year of negative conditions. The index was down sharply in January from the prior month, indicating a continued decline in demand for design services.
Sen. Dodd: CRE Problems Require ‘Prompt and Robust’ Action By Regulators
February 23rd, 2010Concern continues to mount in Congress about the potential impact of weak commercial real estate markets on the economic recovery, even as major legislation overhauling regulations for the nation’s banking and financial system move closer to the Senate…
Simon Says to Negotiate
February 23rd, 2010Simon Property Group executives are peeved that General Growth Properties is in advanced talks with another suitor but still hadn’t agreed on terms for talks with Simon in recent days.
Commercial Sales Jump
February 23rd, 2010The increase for a second month in a row triggers fresh debate over whether the sector has reached bottom.
