Dundee REIT announced it purchased a portfolio of office properties worth $831.8 million from affiliates of Blackstone Real Estate Advisors LP and Slate Properties Inc.

Plagued by the global recession that has slashed both business and pleasure travel, the hotel market is suffering on an international level and investors have backed away from buying or building in most locations, with a few exceptions–like Brazil. According to a new report by real estate services firm Jones Lang LaSalle Hotels, the positive [...]

A new report by Real Estate Econometrics, based on FDIC data, puts the commercial real estate loan default rate at its highest level in more than a decade and a half, at least those loans held by regulated deposit-taking institutions—banks and thrifts, for the most part. The default rate soared from 1.62 percent in the [...]

With rumors circulating of a sale price around $100 per square foot, the sale of the 66-story American International Group headquarters in Lower Manhattan likely set the bar for the biggest sale in the area market thus far in 2009.Youngwoo & Associates (YWA), a New York-based investment and development firm, together with Kumho Investment Bank [...]

The Chrysler reorganization and sale to Fiat, which was to have been a model of a quick turn-around, has hit a snag in the form of a court order by U.S. Supreme Court Associate Justice Ruth Bader Ginsburg. Pension funds that hold some of Chrysler’s secured loan are objecting to the goings-on, claiming it isn’t [...]

It’s an office trade of such a size that has not been seen in Connecticut, no less challenged by job losses and economic malaise than most other markets, in quite a while. Matrix Connecticut L.L.C. has just taken over ownership of the 1 million-square-foot Danbury Corporate Center in Danbury, Conn., from GERA Danbury L.L.C. in [...]

Consider the next few months a window of opportunity. That was the message delivered by Joel Naroff, chief economist for TD Bank N.A. and president of Naroff Economic Advisors, speaking on the opening panel of CPN’s Hidden Opportunities conference in Phialdephia on Wednesday.While Naroff does not see the economy really recovering for five to as [...]

The list of real estate debt investors daunted by the frosty lending climate is a long one, but New York City-based RCG Longview is not one of them. The real estate opportunity manager has closed RCG Longview Debt Fund IV L.P., having raised $602.5 million in equity. Like the previous three investment vehicles, Fund IV [...]

Less than two weeks after the transition in Washington D.C., there’s been another leadership transition and a new boss for an enormous economy. That is, Wal-Mart Stores Inc. got a new CEO, Mike Duke, on Sunday. Duke, a Georgia native, has been with Wal-Mart since 1995, and before that spent nearly a quarter-century with Federated [...]

ProLogis has leased more than 140,000 square feet in Bratislava, Slovakia, to Tesco International Clothing Brand,  a division of Tesco plc.Construction on the 290,000-square-foot building located at ProLogis Park Galanta-Gan commenced in July 2008, and is scheduled for completion during the first quarter of 2009.This is Tesco’s third lease with ProLogis in Slovakia. The company [...]