Homeowners affected by the hurricanes in Florida and Texas are now falling behind on their mortgages…

Homeowners Hurt by Hurricanes Now Falling Behind on Mortgages

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LMN Architects rehabilitated the 800,000-square-foot multi-building asset and also added 137,000 square feet of new space. The project anticipates LEED Silver certification.

LMN Architects expanded and renovated the Greater Columbus Convention Center in Ohio. The $140 million, multi-building project added 137,000 square feet of new space and refurbished 800,000 square feet of the existing structure. Schooley Caldwell Associates served as associate architect for the project, with Corna Kokosing Construction Co. and Elford Inc. as construction manager.

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The city’s multifamily market continues to attract robust investor demand, with transaction activity hot off 2016’s cycle high and already at $1 billion year-to-date through July. The market boasts the fourth-highest occupancy rate among major U.S. metros. As a result, rents were up 4 percent year-over-year as of August, well above the national rate.
San Diego’s multifamily market continues to attract robust investor demand, with transaction activity hot off 2016’s cycle high and already at $1 billion year-to-date through July. The market boasts the fourth-highest occupancy rate among major U.S. metros. As a result, rents were up 4 percent year-over-year as of August, well above the national rate…
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From Beijing to Rio de Janeiro, housing affordability is a challenge
As people around the world move into cities and look for housing, one thing is clear: Most will have a hard time paying for it…
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JLL signed new tenants InVue and Aquafil, bringing Colony NorthStar’s industrial portfolio to full occupancy. The market’s record-low vacancy and all-time high absorption rates made for an attractive investment opportunity.

Colony NorthStar recently acquired a two-building Phoenix portfolio for $18.7 million—Reywest Commerce Center and Reywest Industrial Park. The properties are located at 3602 and 3555 W. Washington St., respectively.

At the time, the properties were 46 percent occupied. JLL’s Phoenix office completed a final lease, bringing both to full occupancy. The two firms have an ongoing relationship: JLL brokered the sale of another Phoenix industrial portfolio, for $39 million, earlier this year…

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  • Fund made money buying AAC shares after short-seller attack
  • It also owns share in Chinese developers Evergrande, Sunac

Betting against the short-sellers helped Gloria Lu’s fledgling hedge fund establish itself among Asia’s biggest stars of 2017…

How One Hedge Fund Ignored the China Bears and Made a 65% Gain

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The Nashville-area facility is the company’s eighth plant worldwide. Built on 469 acres, the 1.5 million-square-foot plant in Clarksville, Tenn., is expected to bring 1,800 jobs to the state.

Hankook Tire opened its first U.S. manufacturing facility in Clarksville, Tenn. The company invested $800 million in a new 1.5-million-square-foot facility, where it will produce passenger car radial and light truck radial tires. The plant has already brought nearly 1,000 jobs to the local economy, a total that is expected to climb to 1,800 as infrastructure expands.

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Morgan Stanley sees a way to make money betting against U.S. residential mortgage-backed securities. Just don’t say it’s a “big short.” …

Morgan Stanley Has a New Top Trade: Call It the Not-So-Big Short

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As one of the strongest multifamily markets in the U.S., Orlando has a very frothy investment market. TruAmerica intends to enhance the 300-unit property located between the area’s chief financial drivers.

The Carroll Organization and Goldman Sachs Asset Management Private Real Estate sold a 300-unit multifamily community in East Orlando. TruAmerica Multifamily bought the asset for more than $47 million. Located at 102000 Falcon Pine Blvd., Arium Falcon Pines occupies a 21-acre site.

The property features 48 one-bedroom, 168 two-bedroom and 84 three-bedroom apartments. Lake Nona’s Medical City, the Central Florida Research Park and the University of Central Florida are all nearby…

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Possibilities include wi-fi ads, multi-building green planning, even drone high-rises. The bank’s latest report details what’s still to come and what the industry’s disruptors will be.

The recently released 90-page report “Real Trends: The Future of Real Estate in the United States” takes a wide-ranging look at factors that include immigration and an aging population.

Much of the report focuses on single-family housing, especially issues around affordable housing. Many of its most intriguing observations, however, are on where technology might be leading CRE. Written by Albert Saiz and Arianna Salazar of the Urban Economics Lab at the Center for Real Estate, Massachusetts Institute of Technology, the report was sponsored by Capital One Commercial Banking…

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The foreclosure auction for a penthouse at Manhattan’s ultra-luxury One57 tower is back on…

NYC Billionaires’ Row Penthouse Foreclosure Auction Is Back On

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Two Liberty Center in Arlington, Va. will house the firm’s 10th TechSpace campus, which will include 20,000 square feet of interconnected office suites.

Months after opening a location in Houston, national co-working and flexible office space provider TechSpace Holding Co. will open its 10th campus in Arlington, Va. The firm will take up the entire eighth floor, or 20,000 square feet of space, at Two Liberty Center, a premier 177,429-square-foot office asset owned by The Shooshan Co. The location will be named TechSpace Arlington and is expected to open in June 2018.

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World Oil Corp., which owns the site, chose Trammell Crow Co. to be the master-developer of the project that will feature residential, retail, industrial and office space along with a luxury theater and hotel.

Construction of a 260-acre mixed-use, master-planned community in Bakersfield, Calif., is scheduled to begin next year and will feature residential, retail, industrial and office space along with a luxury theater and hotel.

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  • Glen Point bets on emerging-market debt, currencies paid off
  • Macro fund’s gain for this year compares with a loss in 2016

Glen Point Capital, a $2.3 billion hedge fund that invests money for billionaire George Soros and other clients, surged 22.7 percent through September this year, according to a person with knowledge of the matter…

Soros-Backed Hedge Fund Beats Peers With 23% Return

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The three-story hotel is only a 20-minute drive away from Pittsburgh International Airport and offers a mix of suites and rooms.

Home2 Suites opened its newest property, Home2 Suites by Hilton Pittsburgh Area Beaver Valley, a 107-key hotel situated approximately 30 miles from downtown Pittsburgh.

Located at 1000 Wagner Road Extension South, the property is in close proximity to various retail, shopping, dining and restaurant such as Columbia Gas Training Center, Penn State Beaver, Community College of Beaver County and Beaver Valley Automall. Additionally, Pittsburgh International Airport is a 20-minute drive away…

Home2 Suites Pittsburgh Opens

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  • Vacasa raises $104 million as vacation rental market grows
  • Financing is said to nearly double company valuation

Vacasa LLC, an online vacation rental company, raised $104 million from a group of private equity firms looking to build up a challenger to Airbnb…

Private Equity Looks to Challenge Airbnb With Vacasa Deal

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  • Hedge fund offers details, but not a name for new short bet
  • Extra Space Storage has same business segments as mystery REIT

Newbrook Capital Advisors, the $1.8 billion hedge fund run by Robert Boucai, has a new short bet, and this time it’s targeting a company in the real-estate sector…

Cracking the Code of a $1.8 Billion Hedge Fund’s Mystery Short

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Charlie Farra and Matt Betterman, both of whom came from Colliers International, will focus on tenant representation in the downtown Seattle market.

Newmark Knight Frank added two new hires to its Seattle office: Charlie Farra as managing director and Matt Betterman as associate director.

Prior to joining the company, Farra served as vice president for Colliers International for five years, where he specialized in tenant representation. He completed more than 1 million square feet of office leasing and sales. His clients included Dorsey & Whitney, Sonos, Blue Bird Bio and Alliant Insurance…

NKF Announces New Hires in Seattle

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Sawyer, formerly a vice president in the development and consulting services group, rejoins the company after an absence of five years. She will be based in Boston.

Colliers International appointed Jessica Sawyer, a former employee, executive vice president of operations. Sawyer used to be a vice president in the development and consulting services group before she decided to rejoin Colliers, following an absence of five years. She will be based in Boston and will oversee the firm’s operational activities, including finance and accounting, talent management, marketing and technology. The new executive vice president will be reporting directly to the CEO.

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  • B-20 guidelines are aimed at uninsured market for home loans
  • ‘Collateral damage’ seen in markets outside Toronto, Vancouver

Canada’s banking regulator released final rules that will make it tougher for borrowers to take on uninsured mortgages, adding to a growing list of measures to rein in the nation’s housing markets…

Canada’s Bank Regulator Toughens Mortgage Qualifying Rules

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  • Package gives access to research portal for up to 10 users
  • Includes attendance at events; speaking to analysts costs more

Goldman Sachs Group Inc. has asked some clients to pay $30,000 for up to 10 of their staff to access basic research through its analyst portal once the MiFID II rules come into force in January, according to people with knowledge of the matter…

Goldman Sachs Asks for $30,000 for Research Post-MiFID

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Nashville Yards will soon breathe life into a neglected area of the city. HKS Architects SVP of Hospitality Luis Zapiain and Senior Designer Enoch Suhm talked to CPE about the design of the hotel that is considered a gateway to Music City’s central business district.
Nashville Yards is one of the metro’s largest projects underway, a development that pays homage to the location’s history. For decades, the place has been a commercial and travel hub. Now, it is being transformed into a $1 billion mixed-use property, designed to add more than four million square feet of entertainment, retail, office, hospitality and residential space. The massive project is being built on a 15-acre former LifeWay Christian Resources campus near downtown Nashville, from Broadway to Church Street and Ninth Avenue up to the Gulch…
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The 350-acre live-work-play development known as Mosaic will break ground in 2018. Phase one will yield 44 acres of entertainment and lifestyle accommodations at a construction cost of $140 million.
Eco Group unveiled plans for Mosaic, a mixed-use project in the Raleigh-Durham area designed to serve as a vibrant urban enclave in the middle of Chatham County’s suburbia. The company, a joint venture between John Fugo of Montgomery Development and Kirk Bradley of Lee-Moore Capital Co., will build the $800 million project at the entrance of the 7,100-acre Chatham Park master planned development in Pittsboro, N.C.
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A rebound in homebuilders’ confidence to a five-month high indicates concern over fallout from major hurricanes has been alleviated, according to data Tuesday from the National Association of Home Builders/Wells Fargo…

U.S. Homebuilders Gauge at Five-Month High Shows Storm Recovery

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  • Fixed-income trading proved largest problem for U.S. banks
  • Record-high stock market boosted investment banking gains

As earnings season for the biggest banks drew to a close, Morgan Stanley and Goldman Sachs Group Inc. joined other major U.S. lenders in showing the advantages and drawbacks of calm markets…

Here Are Key Takeaways From Wall Street’s Third-Quarter Earnings

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HFF worked on behalf of the seller, Stream Realty Partners, and procured the buyer. The class A office building currently has eight vacant spaces.

Related Fund Management acquired Pacific Center, a 306,765-square-foot, class A office building in Torrance, Calif. HFF’s Senior Managing Director Ryan Gallagher and Managing Director Andrew Harper procured the buyer and represented the seller, Stream Realty Partners, who recently expanded its property management portfolio in Pasadena, Calif.

The eight-story, state-of-the art building is situated at 21250 Hawthorne Blvd., at the intersection of Hawthorne and Torrance Boulevards across from the Del Amo Fashion Center and is exposed to State Route 107. Pacific Center is close to neighborhoods such as Palos Verdes, Rancho Palos Verdes, Rolling Hills Estates, Hermosa Beach and Manhattan Beach…

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Prairie District 3 Partners developed Wintrust Arena, which will serve as the new home to DePaul University’s basketball teams. The multi-purpose venue will also host concerts and special events.

Clark Construction Group, part of the design-built joint venture team Prairie District 3 Partners, has delivered Wintrust Arena, a 300,000-square-foot facility in Chicago’s McCormick Square neighborhood.

The multi-purpose arena will open the weekend of Oct. 20-22 as part the Chicago Architecture Foundation’s Open House Chicago event. The arena will serve as home to DePaul University’s basketball teams, the WNBA’s Chicago Sky and serve as an entertainment venue for concerts and special events…

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  • Canada’s alternative lenders face bigger impact from new rules
  • OSFI’s stress tests will likely further slow housing, TD says

Borrowers who don’t meet the lending criteria of Canada’s big banks for home loans may turn to credit unions and private lenders under tougher mortgage rules released by the country’s banking regulator, according to RBC Capital Markets…

New Mortgage Rules May Push Borrowers to Alternative Banks, RBC Warns

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The newest member of the LA team brings more than 20 years of experience in real estate valuation. Miles Loo Jr. specializes in data center valuation and recognized the impact that IoT would have.

ewmark Knight Frank appointed Miles Loo Jr. as executive vice president leading the firm’s Valuation & Advisory Data Center Solutions Group. Loo will base his team’s operations in the firm’s Los Angeles office, working on projects globally. Recently, the firm also added a new Managing Director to the same branch.

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The eight-block Manchester Pacific Gateway will eventually encompass 2.8 million square feet of hotel, office and retail space. The location is reportedly the largest undeveloped urban waterfront site on California’s coast.

A joint venture led by Manchester Financial Group tapped Berkadia Hotels and Hospitality to source a $650 million construction loan for the $1.3 billion Manchester Pacific Gateway project located on San Diego’s waterfront.

The 12-acre downtown bayside site reportedly is the largest undeveloped urban waterfront site on California’s coast and will eventually encompass 2.8 million square feet of hotel, office and retail space. The location is bounded by Broadway, Harbor Drive and Pacific Highway and is adjacent to the U.S.S. Midway Museum…

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  • EventShares funds aim to track Republican, Democratic policies
  • Investments are picked using active, long-short strategies

Politics is always a gamble — and a couple of new exchange-traded funds are letting investors put real money on it…

Trump-Inspired Political Funds Bring Active Twist to ETF Market

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  • Global Sigma, BTG Pactual among firms adding volatility funds
  • Bets on higher market turbulence have backfired this year

Does the lack of worry in global financial markets worry you? A growing number of hedge fund managers are counting on it…

Hedge Funds Can’t Resist This Volatility Trade That’s Been Losing Money

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After years of dormancy in the wake of the financial crisis, office construction is finally sprouting in Fort Lauderdale, where more than 585,000 square feet of space is expected to come online by the end of the year.
After years of dormancy in the wake of the financial crisis, Fort Lauderdale’s office market is starting to come alive. Over the past four years, only one new office property—a 143,535-square-foot building in Miramar—was delivered. However, developers have recognized the market’s strengthening economic conditions, solid job growth among office-using sectors and increasing investor appetite. As a result, construction is sprouting…
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UNIZO Holdings purchased 685 Third Ave., a 31-story building in Midtown Manhattan, from a joint venture between TH Real Estate, an affiliate of Nuveen, and Future Fund of Australia.
A partnership of TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA), and Future Fund, Australia’s sovereign wealth fund, has sold 685 Third Ave., a 31-story, 651,400-square-foot office building in Midtown Manhattan, to UNIZO Holdings Co. Ltd., of Tokyo, for a gross sale price of $467.5 million, TH announced…
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  • Chancellor concedes young people losing faith in free market
  • Hammond constrained by Brexit effect on economic outlook

Chancellor of the Exchequer Philip Hammond said something has gone “wrong” with the U.K. housing market as his government pledges to tackle the issue of fairness between generations…

Hammond Pledges ‘Fix’ for UK Housing Market Gone Wrong

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David Donnellan and Patricia Friend of CBRE’s South Florida Retail Investment Properties team assisted the seller in the transaction. Florida Credit Union originated the acquisition financing.

CBRE brokered the sale of Regency Lakes Village Center, a multi-tenant, Class A shopping center in Coconut Creek, Fla. According to public records, Regency Lakes Village Center Partners LLC, an entity affiliated with Colorado-based ServiceStar Capital Management, sold the asset to Pacific Equities Capital Management.

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  • September total apartment sales lowest since January
  • City’s home prices rose in 3Q for first time in four years

Singapore home sales fell in September as developers marketed fewer projects in a month considered inauspicious by Chinese homebuyers…

Singapore Home Sales Drop as ‘Hungry Ghost’ Month Spooks Buyers

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  • Values in capital likely fell 2.7% in September, Acadata says
  • Picture less downbeat outside capital and southeast England

London house prices are falling at their fastest pace since the financial crisis, confirming the British capital as the worst-performing part of a slowing market…

London House Prices Fall Most Since Financial Crisis

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CBRE represented the company in the disposition. The four buildings, located in Danbury and Berlin, are fully occupied.

The Hampshire Cos. sold a 117,992-square-foot, four-building industrial portfolio in Connecticut to a private buyer.

The portfolio comprises two buildings totaling 45,500 square feet at 55 Old Ridgebury Road in Danbury, as well as a 22,138-square-foot asset at 81 Fuller Way and a 50,354-square-foot facility at 83 White Oak Drive, both in Berlin…

Hampshire Sells 117 KSF CT Industrial Portfolio

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  • Home building shows surprising strength across the country
  • Of condos built in Toronto, 99.9% were sold at completion

For Canada’s real estate developers, 2017 is shaping up to be a comeback year…

Canadian Homebuilders Are Actually Having a Breakout Year

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  • Locks in export price of $46 per barrel for 2018: Rubio
  • Larger stabilization fund will help secure price for 2018

Mexico has completed its annual oil hedge for 2018, which will lock in an average export price of $46 per barrel of crude, Deputy Finance Minister Vanessa Rubio said in an interview…

The World’s Largest Oil Hedge Is Complete

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The company secured the American Society of Composers, Authors and Publishers with a long-term lease to occupy four floors at 250 West 57th St. in Manhattan. CBRE represented ASCAP in the negotiations.

The American Society of Composers, Authors and Publishers (ASCAP) signed an 85,400-square-foot lease with Empire State Realty Trust for four floors at 250 West 57th St. in Manhattan.

The Class A office building features a total of 530,716 square feet and has an 18.2 percent vacancy rate, according to Yardi Matrix. Built in 1921, the property also includes 17,387 square feet of ground floor retail space. Empire State Realty Trust purchased the asset in 2013 from Helmsley Enterprises for nearly $170 million…

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  • t will take 1.3 years to clear unsold units: Molior report
  • Excess supply is worst for capital’s more expensive new homes

Follow @Brexit for all the latest news, and sign up to our daily Brexit Bulletin newsletter…

London’s Stock of Unsold Homes Under Construction at Record High

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  • Announcement sends shares of department-store chain tumbling
  • A review of options will continue after the holiday period

Nordstrom Inc. is suspending efforts to take the company private after struggling to get financing with favorable terms, another sign that the department-store industry has lost favor with both customers and investors…

Nordstrom Suspends Buyout After Struggling to Get Financing

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  • Electronic traders are boosting their share of market making
  • Regulation has hurt this business for firms like Goldman Sachs

A hidden war is taking place within your exchange-traded fund, and some of the biggest names on Wall Street are losing out…

Old Wall Street Is Losing the War Under the Surface of ETFs

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The six-story property is close to Twinbrook Metro Station and last underwent thorough renovations in 2004. The current owner bought the building in 2005 from JBG Cos.

Cushman & Wakefield closed a $33 million loan on behalf of German company WealthCap for the repositioning of an office asset located in Rockville, Md., roughly 15 miles north of Washington, D.C. According to Yardi Matrix, the loan was originated and is held by East West Bank.

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  • Global Sigma, BTG Pactual among firms adding volatility funds
  • Bets on higher market turbulence have backfired this year

Does the lack of worry in global financial markets worry you? A growing number of hedge fund managers are counting on it…

The Money-Losing Volatility Trade That Hedge Funds Can’t Resist

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The real estate company acquired 100 Peachtree in May and has selected design and architecture firm Gensler to spearhead renovations at the property.

Zeller Realty Group selected JLL to lease a Class A, 620,000-square-foot office tower in Atlanta’s Fairlie-Poplar neighborhood. The owner is transforming 100 Peachtree into an urban center through a speculative office program, building modernization and on-site programming.

Located at 100 Peachtree St., the property represents Chicago-based Zeller’s second investment in the market. The real estate firm shelled out $90 million for the office asset in May and paid $54.7 million for Premier Plaza in December 2016, according to Yardi Matrix. Amenities at 100 Peachtree include 24-hour security, fitness center, conference facility and on-site dry cleaning…

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Kimco Realty REIT sold Canyon Square Plaza to a private high-net investor. The occupancy rate of the property was 96 percent at the time of the sale.

Canyon Square Plaza, a 96,627-square-foot, grocery-anchored shopping center in Santa Clarita, Calif. changed hands for $22.5 million. The center is anchored by a 40,751-square-foot Vallarta Supermarkets. Dixie Walker and Charley Simpson, retail investment specialists with Cushman & Wakefield, worked on behalf of seller Kimco Realty, a real estate investment trust. The property was acquired by a private high-net worth investor.

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More people are leaving “blue” counties, those that lean Democratic, than moving in. But politics aren’t the reason — home prices are…

Blue Counties Are Losing Residents Thanks to Rising Housing Costs

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HFF arranged a floating-rate loan with a foreign bank for The Brickyard, a two-building, one million-square-foot property located in Compton, Calif.

Clarion Partners secured $105 million in financing for The Brickyard, a fully-leased, Class A industrial facility in the Los Angeles submarket of Compton, Calif. HFF worked on behalf of Clarion Partners and its separate account client to place a floating-rate loan with a foreign bank.

Situated on 56 acres at 1701 North Central Ave. and 1430 McKinley Ave., The Brickyard is located in the heart of Los Angeles’ South Bay industrial submarket and offers close proximity to the Alameda Corridor, a 20-mile freight rail expressway that directly connects the transcontinental rail network near downtown Los Angeles to the Ports of Los Angeles and Long Beach…

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HFF represented seller PGIM Real Estate and procured the buyer. The 10-story, LEED Gold-certified 1800 M St., N.W., is currently 94 percent leased to 34 tenants and features below-grade parking and ground-floor retail.
Three months after forming a $1.3 billion joint venture to acquire Class A office properties in several U.S. gateway markets, including Washington, D.C., Columbia Property Trust and Allianz Real Estate have made their first purchase together in the nation’s capital, paying $421 million for 1800 M. St. HFF represented seller PGIM Real Estate, an affiliate of Prudential Financial, and procured the buyer…
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  • Values in capital likely fell 2.7% in September, Acadata says
  • Picture less downbeat outside capital and southeast England

London house prices are falling at their fastest pace since the aftermath of the financial crisis, confirming the British capital as the worst-performing part of a slowing market…

London House Prices Fall at Fastest Pace Since Financial Crisis

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The company sold 800 Corporate Pointe, a four-story, 245,786-square-foot building in Culver City, Calif., to Northwood Investors. NKF’s Capital Markets team represented the seller in the transaction.

Northwood Investors purchased 800 Corporate Pointe, a Class A office building in the lower Westside market of Culver City, Calif. Vornado Realty Trust sold the asset for $148 million. In March, Northwood also purchased the Ballantyne Corporate Park in Charlotte, N.C.

NKF’s Capital Markets West Coast President Kevin Shannon, Executive Managing Director Ken White, Senior Managing Director Rob Hannan and Managing Directors Michael Moll and Laura Stumm represented the seller. The buyer represented itself and NKF’s Executive Managing Director David Milestone and Managing Director Brett Green arranged the financing on behalf of Northwood…

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Miami continues to attract national and overseas attention and capital, with transaction volume topping $1 billion in the 12 months ending in July. The metro’s office inventory includes more than 51 million square feet of space and is largely dominated by Class A and A+ properties.
Miami’s growing economy, strong demographics and consistent job growth continue to fuel demand for office space and investor interest. Some 23,000 new jobs were added in the 12 months ending in March, a 1.9 percent increase year-over-year in the metro’s total payrolls and slightly above the 1.6 percent national growth rate. The education and health services sector increased by 3.5 percent, with about 6,300 new jobs added during the past four quarters. Employment gains were also solid in the trade, transportation and utilities sector (5,200 new jobs), while roughly 5,000 jobs were added in the leisure and hospitality sector…
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  • Public Investment Fund now holds 16.32% stake in Almarai
  • Fund owns stakes valued at about $110b in listed Saudi cos

Saudi Arabia’s sovereign wealth fund became the third-biggest shareholder in Almarai Co. as it boosts investments at home and abroad…

Saudi Wealth Fund Builds $2.4 Billion Stake in Food Producer

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Florida has the strongest building codes in the U.S., with construction standards enacted to withstand wind speeds of up to 175 miles per hour or a Category 5 hurricane.

Hurricane Irma, the strongest Atlantic basin hurricane ever recorded outside the Gulf of Mexico and the Caribbean Sea, stretched 650 miles from east to west and affected at least nine U.S. states. The hurricane made its initial landfall in the Florida Keys on Sept. 10 as a Category 3 storm and later made a second landfall at Marco Island on Florida’s west coast, triggering 6.3 million people to evacuate, flooding major cities and leaving millions without power.

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  • Bank takes $1 billion charge for pre-crisis mortgage probe
  • Surprise charge adds to headaches from fake accounts episode

Nearly a decade after the financial crisis, Wells Fargo & Co. is getting stung by bad behavior in the housing bubble…

Wells Fargo Hit by Surprise Charge From Pre-Crisis Mortgages

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  • Loan amount due to ‘package failure’ has exceeded 2016 level
  • Central bank is pushing for ‘end game’ in bad loan resolution

Sagging economic growth in India is complicating efforts to clean up a mountain of bad debt at the nation’s banks…

Sagging Growth Complicates India’s Bad-Debt Clean Up

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Working on behalf of Cruzan, CBRE secured a $41.2 million senior loan for the refinance and lease-up of creative office asset Make in Carlsbad, Calif.

PCCP provided a $41.2 million senior loan for the refinance and lease-up of Make, a 177,000-square-foot Class A office asset in Carlsbad, Calif. Mark McGovern and Scott Peterson of CBRE arranged the financing.

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