Updated: Simon Makes $10B Offer to Acquire General Growth Properties
February 16th, 2010The country’s largest retail property owner has made a bold move to acquire its largest single competitor, General Growth Properties (“GGP”). This morning, Simon Property Group (NYSE:SPG) announced that it has offered to acquire GGP for $10 billion in…
Football Fanatics Inks 553,000-SF Lease
February 15th, 2010Football Fanatics signed a lease for 553,151 square feet of industrial space in Jacksonville, FL.
The college and professional sports apparel retailer currently occupies HC Jacksonville LP’s 160,000-square-foot manufacturing property at 6630 Broadway…
Simon Makes $10B Offer to Acquire General Growth Properties
February 15th, 2010The country’s largest retail property owner has made a bold move to acquire its largest single competitor, General Growth Properties (“GGP”). This morning, Simon Property Group (NYSE:SPG) announced that it has offered to acquire GGP for $10 billion in…
Brookfield Fund Picks Up Nearly 3 Mil-Sq.-Ft. Portfolio From JPMorgan
February 14th, 2010A group of funds sponsored by Brookfield Asset Management has acquired a 16-property, 2.9-million-square-foot office portfolio from JPMorgan Chase. Brookfield has now acquired more than 100 properties totaling about 12 million square feet over the last…
Former Opus North CEO Joins Trammell Crow
February 11th, 2010Daniel Queenan, the former president and CEO of Opus North Corp., joined Trammell Crow Co. in Chicago as president of central operations. He will head the firm’s Austin, Chicago, Dallas and Houston branches and TCC’s Healthcare Initiative.
Queenan…
Brookfield Fund Buys J.P. Morgan Properties
February 11th, 2010A real-estate fund run by the asset manager acquired 16 office properties with about 2.9 million square feet from the financial services firm. The price was about $200 million, according to a person familiar with the matter.
Times Square May Get Aquarium
February 11th, 2010New York’s Times Square may get a seven-story aquarium as a Toronto-based developer signed a preliminary agreement to go forward with the $100 million project.
TARP Panel: Small Banks Face Loan Woes
February 11th, 2010Nearly 3,000 small U.S. banks could be forced to dramatically curtail their lending because of losses on commercial real-estate loans.
Betting on Bad Debt Becoming a Growing Investment Play
February 10th, 2010With most if not all facets of commercial real estate investment mired in the dumps, one area is burgeoning — the market for distressed debt. Indeed, investors say the distressed debt market is more active now than it has ever been, and still nowhere…
Fannie, Freddie Grabbing Ever-Higher Share of Multifamily Debt Financings
February 10th, 2010Fannie Mae and Freddie Mac dominated multifamily financing last year. The two federal government sponsored entities financed 81% of multifamily activity based on Freddie Mac’s accounting. Their combined activity totaled $36.4 billion.
Fannie Mae, through…
