Calpers’ Role Draws Scrutiny
February 23rd, 2010Investments by Calpers in deals that included converting low-rent properties to market-rent apartments are drawing scrutiny.
New Cosmo Hotel Ignores Timing
February 23rd, 2010The hotel in Berlin hit the ground running and Design Hotels members navigated the recession better than many industry peers.
Commercial Mortgages Ailing
February 23rd, 2010The performance of loans bundled in commercial mortgage-backed securities deteriorated sharply in February, raising fears that the coming wave of distressed loans may be much higher than expected.
Brookfield to Battle for Mall Giant
February 23rd, 2010Canadian property giant Brookfield Asset Management is readying a bid to take a large ownership stake in mall owner General Growth, aiming to top an unsolicited bid made by rival mall owner Simon Property.
The Force Is With Simon in Mall Wars With GGP
February 23rd, 2010General Growth Properties has its work cut out as it tries to exit bankruptcy without being under the yoke of rival Simon Property Group.
Rent Trends Remain a Hot Topic Among Retail REIT Execs
February 23rd, 2010Rent has been a hot topic among retail REIT executives as fourth quarter 2009 financial reports continue to roll in. Across the board retail REITs have reported challenged NOIs in looking back on 2009, driven by declines in occupancy and continued rent…
Brookfield to Battle Simon for Mall Giant
February 23rd, 2010Canadian property giant Brookfield Asset Management is readying a bid to take a large ownership stake in mall owner General Growth, aiming to top an unsolicited bid made last week by rival mall owner Simon Property.
JV To Buy $668M Science Campus in Cambridge, MA
February 23rd, 2010Forest City Enterprises formed a $668 million partnership with Health Care REIT Inc., which included HCN buying a 49 percent interest in FCE’s seven-building portfolio at University Park at MIT, a 1.2-million-square-foot life sciences campus in Cambridge…
In The Pipeline: CoStar Development and Construction News for Feb. 21-27
February 22nd, 2010In this week’s edition of In The Pipeline, the development arm of Opus Corp. is exploring all options — including its possible sale — as Opus continues to struggle in the bruising CRE market; billion investor Carl Icahn has acquired the unfinished…
Opus Northwest May Be Sold
February 22nd, 2010Design-builder developer Opus Northwest, LLC has hired a Chicago financial advisor to explore options for recapitalizing, including the possible sale of the company.
Opus Northwest hired MorrisAnderson & Associates, LTD., to help explore options, which…
