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Archive for ‘June, 2010’

Economy Watch: G20 Promises Much — Can Its Members Deliver?

Economy Watch: G20 Promises Much — Can Its Members Deliver?

If the deficit-shrinking plan promoted at the summit by Canada actually comes to pass, the most advanced of the G20 would cut their budget deficits in half by 2013.

VA Breaks Ground on New Orleans Hospital Designed for Future Katrinas

VA Breaks Ground on New Orleans Hospital Designed for Future Katrinas

Five years after Hurricane Katrina, New Orleans is still reeling from the devastation wrought by the disaster, but a massive federal project aims to make a major contribution to the recovery.

As New Pools Emerge, High Rate of Special Servicing Marks Maturing CMBS: Fitch

As New Pools Emerge, High Rate of Special Servicing Marks Maturing CMBS: Fitch

One-fifth of the CMBS loans scheduled to mature during the second half of 2010 are in special servicing, according to a mid-year analysis by Fitch Ratings.

Realty Income Enters Wine Country with $269M Napa Sale-Leaseback

Realty Income Enters Wine Country with $269M Napa Sale-Leaseback

A $269 million sale-leaseback deal is about to give Realty Income Corp. a taste of the winemaking business–at least from the real estate investment perspective.

New Colliers Group to Focus on Senior Housing

New Colliers Group to Focus on Senior Housing

Colliers International unveils a seniors housing specialty group.

Capital Idea: Northwestern Mutual Cinches $305M D.C. Office Deal

Capital Idea: Northwestern Mutual Cinches $305M D.C. Office Deal

For the second time this week, a big institutional investor snaps up a prime office property in Washington, D.C.

Economy Watch: Fannie Mae Talks Tough on Defaults; Mass Layoffs Decline

Economy Watch: Fannie Mae Talks Tough on Defaults; Mass Layoffs Decline

Memo from Fannie Mae to those considering “strategic default” on a residential mortgage: don’t do it

Ventas to Buy Lillibridge, Expanding MOB Portfolio to 8.4M SF

Ventas to Buy Lillibridge, Expanding MOB Portfolio to 8.4M SF

Buying an entire company is a good way to expand a portfolio in one fell swoop and Ventas Inc. is about to do just that. The Chicago-headquartered healthcare REIT has signed a definitive agreement to acquire Lillibridge Healthcare Services Inc., also based in Chicago, in a transaction valued at $300 million to $400 million.

In $180M Deal, TIAA-CREF Takes Washington’s Evening Star Building

In $180M Deal, TIAA-CREF Takes Washington’s Evening Star Building

TIAA-CREF closed Wednesday on the $180 million acquisition of Washington, D.C.’s venerable Evening Star building.

Pebblebrook’s $90M San Francisco Buy Heats Up Trophy Hotel Chase

Pebblebrook’s $90M San Francisco Buy Heats Up Trophy Hotel Chase

By: Barbra Murray, Contributing Editor 
Pebblebrook Hotel Trust has wasted precious little time snapping up properties following its December 2009 initial public offering. The Bethesda, Md.-based REIT has just plunked down $90 million for the ritzy Sir Francis Drake Hotel in San Francisco. Pebblebrook bought the 416-key property from a partnership spearheaded by The Chartres Lodging [...]

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