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Archive for ‘March, 2011’

Forest City Has Busy Week

Forest City Has Busy Week

Not only did the national real estate company close a new $425 million credit facility, it completed an $851.5 million joint venture and announced that its 2010 earnings before depreciation, interest, taxes and amortization marked a record for the firm.

Health Care REIT, Benchmark Close $890M JV

Health Care REIT, Benchmark Close $890M JV

The group of assets involved–including independent living, assisted living, memory impaired and respite stay communities–are sited in highly coveted markets in six New England states.

Forest City, Madison International Join Forces

Forest City, Madison International Join Forces

As the $851.5 million partnership was struck, the company had another announcement: president & chief operating officer Joanne Minieri will resign her position to form her own consulting firm. However, she will not entirely separate from her longtime employer, but rather take on the role of consultant on major Forest City projects.

Economy Watch: More Jobs, Fewer Homes

Economy Watch: More Jobs, Fewer Homes

The unofficial jobs report duo of Challenger, Gray & Christmas and ADP (a duo only in timing, since the two companies aren’t affiliated) came out with their numbers, as usual ahead of the official jobs report. On the whole, the two reports were generally positive, with some exceptions.

Peter Belisle of JLL: Roof Condition Affects Solar Opportunity

Peter Belisle of JLL: Roof Condition Affects Solar Opportunity

Peter Belisle of Jones Lang LaSalle discusses the impact of rooftop age and condition in considering solar power installations on CPE’s From the Inside. For example, an owner facing roof replacement might defray the cost by leasing rooftop space to a third-party solar power company.

First Potomac Snaps Up D.C. Office Building

First Potomac Snaps Up D.C. Office Building

The firm picked up 840 First St., a 248,600-square-foot fully occupied property, from the Stephen A. Goldberg Co. for $90 million.

$65M Refinance for Miracle Mile Office Building

$65M Refinance for Miracle Mile Office Building

The 452,800-square-foot property at 5900 Wilshire Blvd. is widely known as the Variety Building for its lead tenant, entertainment publication Variety.

Economy Watch: Home Prices, Confidence Sink

Economy Watch: Home Prices, Confidence Sink

Housing prices continued their downward trend, according to the latest Standard & Poor’s/Case-Shiller index for 20 major U.S. metro areas. Single-family prices were down 1 percent in the 20 markets from December to January, and 3.1 percent year-over-year, the index noted.

RealTech with Peter Boritz: Smartphone Security

RealTech with Peter Boritz: Smartphone Security

Which Category of Real Estate-Related Companies Will Be Involved in the Most Significant M&A Activity This Year?

Which Category of Real Estate-Related Companies Will Be Involved in the Most Significant M&A Activity This Year?

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