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With the rent being too damn high, many Americans are now opting to live with a roommate (or two or three in the case of San Francisco and Los Angeles).  We now have a record number of adult Americans living with roommates.  This coincides with a stagnant growth in the homeownership rate especially in crap shack intensive areas like SoCal.  The market continues to be constrained by low supply and Taco Tuesday baby boomers living in properties that they would not be able to purchase today at current price levels.  Many older home owners bought during an era where one income (even one blue collar income) was enough to purchase a home.  That is no longer the case in many metro areas where dual income professionals and all cash buyers are the dominant buying force.  So how many adult Americans are now living with roommates?…
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Related Cos. selected the global engineering firm to take on the role of general contractor for The Grand, a transit-oriented development, which will include retail, a movie theater and a 314-key hotel.

Related Cos. just took a big step toward the realization of The Grand, a mixed-use project in downtown Los Angeles. The real estate firm recently tapped fully integrated global engineering company AECOM to serve as construction manager for the $1 billion transit-oriented development.

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Hamptons home sales jumped in the fourth quarter, surprising even most the optimistic brokers, as buyers moved to close deals in a stock market-fueled rush…

Hamptons Home Deals Jump, Chopping Supply of Properties for Sale

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  • Plans call for pre-arranged Chapter 11 filing by March 15
  • Second-lien lenders would get biggest share of equity

Nine West Holdings Inc. and its creditors are closing in on a deal to restructure almost $1.5 billion of debt that would include filing for bankruptcy and selling off parts of the shoe and clothing retailer, according to people with knowledge of the negotiations…

Nine West Plans a Bankruptcy Filing With Asset Sales

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  • Truston exits about a decade after setting up Singapore office
  • Truston Falcon Asia Fund had bet on rising, falling stocks

Truston Asset Management Co., a South Korean investment firm that managed $8.5 billion as of August, is closing its office in Singapore and a hedge fund based in the city…

Hedge Fund Closing as South Korean Firm Retreats From Singapore

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A new report from JLL and The Business of Cities expands previous categories into 10 groups, all with common paths, challenges and imperatives.
A new report from JLL and The Business of Cities, a London-based intelligence and strategy firm, encourages the global real estate market to rethink how it evaluates the world’s cities’ strengths and opportunities for investors, developers and corporate occupiers. The 25-page report, World Cities: Mapping the Pathways to Success, expands previous categories of Established World Cities, New World Cities and Emerging World Cities into 10 groups that each has common paths, challenges and imperatives…
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Sales of previously-owned U.S. homes fell in December for the first time in four months, as the market struggles with record-low supply and rising prices, figures from the National Association of Realtors showed Wednesday…

U.S. Existing-Home Sales Fall as Supply Drops to Record Low

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China’s Communist leadership has tightened the regulatory screws on some of the nation’s largest, private-sector conglomerates in the name of financial stability…

How China’s Crackdown on Conglomerates Is Hitting Their Assets

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The 519-room JW Marriott Hotels & Resorts is part of Strategic Property Partners’ upcoming $3 billion development in the Water Street neighborhood.
A new 519-room Marriott International JW Marriott Hotels & Resorts hotel will be coming to Tampa, Fla., in 2020, thanks to Strategic Property Partners LLC’s upcoming $3 billion development in the Water Street Tampa neighborhood.

More than 4 million square feet of office, residential, hospitality, retail and cultural space across 10 blocks is slated for completion by 2020. Subsequent phases are scheduled to be finished by 2027. In addition to the new hotel, when it is built out, Water Street Tampa will consist of 2.6 million square feet of office space; 1 million square feet of retail, cultural, educational and entertainment space; and 3,500 new rental and for-sale residences…

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  • Xi vows to grow rental market amid outcry on home prices
  • Local governments, developers, banks flock to the business

Chinese President Xi Jinping has unleashed the world’s biggest experiment aimed at taming runaway property prices…

China Starts Experiment to Tame Its Wild Property Market

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China’s housing market has a history that’s short by global standards, since private homeownership only began in 1998. But what a two decades it’s been. Home prices have skyrocketed, creating a mentality that real estate is a one-way bet. The government’s sporadic bouts of tightening limits on property sales, then easing them, has often exacerbated the frenzy by prompting speculators to second-guess policy changes. Now, officials are escalating efforts to steady the market, with President Xi Jinping pinning his name on reining in speculation…

What’s Next in China’s Bid to Cool Housing Market: QuickTake Q&A

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  • Billions of dollars seen flowing to Treasuries as stocks rally
  • Pensions’ bond purchases support yield curve flattening: JPM

The bond bear market, touted by billionaire fund managers Bill Gross and Ray Dalio, is about to run into a multi billion-dollar roadblock…

Wall Street Warns of Seismic Pension Shift Into Bonds This Month

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The two-building retail center anchored by Petco is currently 96 percent leased. The asset is across the street from the Mall of Georgia, and along a route with a daily traffic count of 31,000 vehicles.

Bond Street Advisors Group has purchased a 36,358-square-foot retail center in Buford, Ga. for $13.5 million from Mill Creek/Cooper LLC. A team of Franklin Street brokers represented both parties in the transaction.

Mill Creek Walk comprises two buildings located at 3260 and 3264 Buford Drive. The property sits across the street from the Mall of Georgia and is approximately 35 miles from downtown Atlanta, along a thoroughfare which has an estimated daily vehicle count of 31,000, according to the Georgia Department of Transportation. Access to the metro area is facilitated by nearby interstates 985 and 85…

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The Cushman & Wakefield Capital Markets team, along with two leasing partners, negotiated the sale of Transal Park, a six-property campus that was 88 percent leased at the time of sale.

Cushman & Wakefield has negotiated the sale of a six-building flex campus in Miami-Dade County, on behalf of the seller. SVF Acquisitions LLC bought the property for $22.8 million.

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Lee & Associates has brokered the transaction on behalf of the buyer. The sale price equates to nearly $163 per square foot.

Lee & Associates has arranged the sale of AvAir headquarters, a 162,714-square-foot creative office and warehouse space in Chandler, Ariz., for $26.5 million, which equates to approximately $163 per square foot. The company worked on behalf of the buyer, Rich Uncles NNN REIT Inc., whereas Tiffany & Bosco PA represented the seller, Reasons Aviation LLC. The sale agreement allows AvAir to lease the facility for 15 years.

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The world’s largest hotel company signed contracts for a record 55,000 guestrooms in markets outside North America, mostly targeting Europe and Asia.

This past year was a record-setting one for Marriott International, which is expanding globally, especially in Europe and Asia, at a furious clip. 2017 was Marriott’s most successful year for signing development contracts outside North America.

At year’s end 2017, the company operated or franchised more than 6,500 hotels worldwide and more than 1.25 million guestrooms, a third of which are outside North America.

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  • Home sales decline to 99,100 in December, least since 2016
  • Stamp duty cuts only applied to marginal proportion of buyers

U.K. Chancellor of the Exchequer Philip Hammond’s efforts to help young people onto the housing ladder by cutting taxes are showing no signs of working yet…

U.K. Home Sales Fall to 13-Month Low

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Robby Perrino will be leading an expanding team currently consisting of nine professionals in four Northern California offices including San Francisco, San Mateo, Santa Clara and Sacramento.

Robby Perrino is NKF’s new senior managing director and market leader for the firm’s Valuation & Advisory Group practice in Northern California. In his new role, Perrino will be responsible for growing the company’s current client relationships, driving new business development and recruiting top valuation and consulting professionals. He will be leading an expanding team currently consisting of nine professionals in four Northern California offices including San Francisco, San Mateo, Santa Clara and Sacramento.

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Equity Office, owner of the renowned Willis Tower, has selected technology firm Entic to help incorporate tools and practices at the 4.5 million-square-foot mixed-use office high-rise, which ranks as the tallest in the Windy City.
Chicago’s 4.5 million-square-foot Willis Tower is undergoing a transformation, and Entic will play a notable part in the massive undertaking. The technology company has been tapped by Equity Office, owner of the iconic mixed-use office property, to arrange increased operational efficiency and utility savings at the 1,450-foot tall skyscraper, also known as the tallest building in the Windy City…
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Commutes are long and rents exorbitant in a state that’s too short of housing. A new proposal could help break the logjam.

California is trying to come to grips with its housing crisis. It’s unclear if Californians will allow it to succeed.

In addition to a slew of bills intended to make housing more affordable signed by Governor Jerry Brown last fall, various campaigns are under way to put affordability initiatives on the November ballot. Meanwhile, the legislature greeted the new year with the introduction of still more proposals
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The company provided the loan to Mogul Capital for the development of a dual-branded hotel, comprising 354 guestrooms, in Hawthorne, Calif.

Mogul Capital has received a $60 million construction loan for the development of a dual-branded Marriott Courtyard and TownePlace Suites hotel in Hawthorne, Calif. AVANA Capital closed the financing transaction, which includes a $50 million conventional loan and a $10 million mezzanine loan with above market leverage.

Located in downtown Hawthorne, the 354-key hotel will feature a restaurant, swimming pool and a meeting room for business purposes. The property is situated near many aerospace-related businesses, such as SpaceX, Northrop Grumman, Tesla’s design headquarters, Boeing, Aerospace Corp., Raytheon, LA Airforce Base and Mattel. Additionally, Los Angeles International Airport is within five miles of the property…

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The city’s strong employment growth continues to push up the metro’s population, maintaining housing demand at high levels, especially for low- and medium-income residents.
Denver’s strong employment growth continues to push up the metro’s population, maintaining housing demand at high levels, especially for low- and medium-income residents. Lack of affordable housing options continues to be an issue, although the city council plans to add roughly 26,000 affordable units in the coming years. Development has been robust, with more than 17,500 units completed since the start of 2016. As a result, rent growth has now slipped 20 basis points below the 2.5 percent U.S. growth rate…
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  • Four will track single currencies, one a digital basket
  • Original Bitcoin Investment Trust up 1,300% in the past year

Grayscale Investments, which made it easier for mainstream investors to bet on Bitcoin, plans to offer four new single-currency crypto funds and another based on a basket of digital currencies by the start of April.

“By the end of the first quarter of this year, we’ll have a total of eight investment products,” Grayscale Managing Director Michael Sonnenshein said in an interview Tuesday in Vancouver…
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Jan
23

St. John Properties Assigns New CFO

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Lori Rice has been with St. John Properties for more than 17 years and is recognized by her peers as a strong leader and problem-solver. As CFO, she will oversee all of the company’s financial planning initiatives.
St. John Properties has promoted Lori Rice to the position of chief financial officer. She will handle the firm’s financial strategies going forward and collaborate with financial institutions and other investment partners…
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  • Top 3 land developers set to report earnings in February
  • More than 10 analysts surveyed expect a price recovery in 2018

The worst may be over for Singapore’s property slump…

Singapore Home Prices Seen Rebounding After Four-Year Slump Ends

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  • Investment firms are creditors in struggling solar makers
  • ‘We’re not in this looking to make a killing,’ says CEO

The biggest winners of President Donald Trump’s decision to slap tariffs on imported solar equipment may not be American manufacturers but a group of investment houses around the globe…

Wall Street, Not American Solar, Stands to Gain From Trump Tariffs

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Jan
23

M&M Skyler Cooper Moves to Denver

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Prior to joining Marcus & Millichap’s team in 2012, Cooper served as regional sales manager at Marriott International. He specializes in investment sales, focusing on hotel assets.

Vice President Skyler Cooper of Marcus & Millichap’s Houston office has transferred to the company’s Denver office. He specializes in investment sales, primarily focusing on the acquisition and dispositions of hotel assets.

Prior to joining Marcus & Millichap’s team, Cooper served as an associate at Marriott International for more than six years before he was promoted as regional sales manager in Bethesda, Md., where he managed sales operations for more than 12 service hotels including the JW Marriott Washington, D.C., the Washington Marriott Wardman Park and The Mayflower Renaissance Hotel…

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  • CEO says customers want more services ‘under one brand’
  • Closely held firm climbs ranks of U.S. mortgage lenders

LoanDepot Inc., a mortgage lender basing its growth around digital applications, isn’t giving up on humans’ role in the home-buying process just yet…

LoanDepot Turns to Humans for Fintech’s Latest Real Estate Push

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A private investor acquired Nacogdoches Crossing, a roughly 22,500-square-foot neighborhood shopping center, located on the northeastern outskirts of the San Antonio.

Santikos Real Estate Services has sold Nacogdoches Crossing, a 22,434-square-foot neighborhood shopping center in San Antonio. A private investor acquired the asset, while HFF’s team of Managing Director John Taylor and Director Drew Fuller, represented the seller.

“Nacogdoches Crossing garnered significant interest from local and national investors due to the value-add nature of the asset, future development potential and Walmart shadow anchor,” said Taylor, in prepared remarks…

HFF Brokers Sale of San Antonio Retail Asset

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PCCP LLC has provided a $29.1 million senior loan for the purchase of a nearly 89,000-square-foot, eight-story office building near the LAX Airport.

A joint venture of Stanton Road Capital and Second City Real has acquired an eight-story office building in El Segundo, Calif., for $35.5 million. PCCP LLC provided a $29.1 million senior loan for the transaction, with David Milestone and Brett Green of NKF Capital Markets arranging the financing. According to Yardi Matrix data, the previous owner purchased the asset in 2011 for $23.9 million.

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Michael Mele and Luke Elliott, both investment specialists, brokered the sale on behalf of the seller, a limited liability company, and procured the buyer, a private investor.

Marcus & Millichap has arranged the sale of Extra Secure Self Storage, a 76,236-square-foot self-storage facility in Pompano Beach, Fla. The company marketed the property on behalf of the seller, a limited liability company and procured the buyer, a private investor under the name Value Store It.

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Uline has fully leased the recently completed, spec industrial property in southeastern Wisconsin for an initial term of five years.

Uline has signed a five-year, full-building industrial lease totaling 417,384 square feet for CenterPoint Properties’ newest asset in the 2,391-acre LakeView Corporate Park in Pleasant Prairie, Wis. This lease marks the third building in the park Uline occupies. CenterPoint broke ground on the speculative development last summer, and construction finished late last year.

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An end-of-year survey finds that expectations remain positive, despite the state of the market cycle, as tax changes continue to loom.

Set aside the Mueller investigation, #MeToo and pretty much whatever else grabbed headlines last year. Despite all the political, media and social turmoil in 2017, part one of the year-end Sentiment Survey from RCLCO indicates that, in the eyes of numerous senior executives, the CRE outlook is a stable and surprisingly positive one.

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The new hotel will comprise a total of 87,000 square feet across eight stories, of which up to 20,000 square feet of public amenities will be available to serve the neighborhood.

The Boston Planning & Development Agency (BPDA) board of directors has approved a new eight-story, 159-key hotel in South Boston. Evergreen Property Group LLC is the owner and developer, while Utile Inc. is the architecture studio behind the design.

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Jan
22

Wyndham to Buy La Quinta for $2B

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The transaction will expand Wyndham’s hotel portfolio to 21 brands and more than 9,000 properties, and result in the spinoff of La Quinta’s owned real estate assets into the newly formed CorePoint Lodging Inc., which will hold the distinction of being the only pure-play, publicly traded REIT focused exclusively on midscale and upper-midscale lodging.

Wyndham Worldwide Inc. is about to make a big purchase—a $2 billion purchase. The global hospitality company has entered into a definitive agreement to acquire the hotel franchise and hotel management businesses of La Quinta Holdings Inc. in an all-cash deal.

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  • Lender to boost investments in power, infrastructure, farming
  • AfDB to raise total credit to Nigeria to more than $8 billion

The African Development Bank plans to increase its loans to Nigeria by more than $2 billion next year with investments in energy, infrastructure and agriculture, its President Akinwumi Adesina said…

African Development Bank to Increase Nigeria Loans by $2 Billion

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The acquired portion of Riverside Centre in St. Augustine, currently leased to Hobby Lobby and Sherwin Williams, contains approximately 62,000 square feet.

Peter Sleiman Development Group has acquired a 62,000-square-foot part of the Riverside Centre in St. Augustine, Fla. The previous owner, a partnership of RCG Ventures and DRA Advisors, sold the space for $6.7 million, according to public records. The sale price marks a slight uptick in value compared with the joint venture’s acquisition of the property in 2015 for $6.6 million. Directors Anthony Blanco and Lynn De Marco of The Shopping Center Group represented the seller in the transaction. The new owner funded the acquisition with a $4.6 million mortgage, held by Synovus Bank, per St. Johns County records.

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  • City takes top spot in annual Demographia affordability survey
  • Study looks at 293 metropolitan markets in nine countries

Hong Kong was named the least affordable housing market for the eighth year in a study that put Sydney in the No. 2 slot and Vancouver as No. 3…

Hong Kong Takes Title for Least Affordable Housing for 8th Year

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  • FDIC’s Hagenbaugh joining Financial Service Forum, agency says
  • Former journalist worked for Federal Reserve after 2008 crisis

Barbara Hagenbaugh, a spokeswoman for two U.S. regulators in the years after the financial crisis, is flipping the script and becoming a voice for the biggest firms on Wall Street…

Bank Regulators’ Spokeswoman Steps Down to Speak for Wall Street

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Jan
22

Montage to Open Wine Country Hotel

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The Montage Healdsburg, set to begin construction this spring, will feature 130 guestrooms on more than 200 acres of land.
Montage Hotels & Resorts has unveiled plans for its first hotel in Northern California’s wine country. Owned by Ohana Real Estate Investors, the 130-key resort is anticipated to break ground this spring with a tentative opening date set for spring of 2020. The Robert Green Co. will serve as the developer for the project, with GlazierLe, Delawie and EDG handling the architectural and design aspects of the development…
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  • Top 3 land developers set to report earnings in February
  • More than 10 analysts surveyed expect a price recovery in 2018

The worst may be over for Singapore’s property slump…

‘Long Winter’ Seen Ending for Singapore Home Prices: Survey

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  • Fuelmakers lose hope for a Trump rescue from biofuels mandates
  • Philadelphia Energy Solutions bankrupt after 2012 bailout

After nearly 150 years in business, the biggest oil refinery east of the Mississippi River has operated through the Great Depression, two world wars and the 1970s Saudi oil embargo. It’s faced more than one shutdown. Now, its owner says a 13-year-old government biofuels mandate brought the Philadelphia fixture to its knees…

Who Will Save the East Coast’s Oldest Refiner After Bankruptcy?

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Jumbo Capital and Sound Mark Partners have teamed up for the acquisition of Stony Brook Office Park, four interconnected buildings totaling 270,196 square feet in Waltham, Mass.
A joint venture between Jumbo Capital and Sound Mark Partners has acquired Stony Brook Office Park, four interconnected buildings totaling 270,196 square feet of institutional-quality office space in Waltham, Mass., from Clarion Partners, for $80 million…
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Trade risk in U.S. markets is no longer hypothetical, and investors would do well to pay attention, according to Morgan Stanley strategists…

Morgan Stanley Warns on U.S. Trade Risk and Suggests Hedges

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Categories : Hedge Funds
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  • Signs of rent weakness emerge as construction approaches peak
  • Almost all of the new units are aimed at the high end

Landlords counting on downtown Los Angeles as a cash machine may be in for the same bout of pain as their counterparts in Manhattan, where a flood of supply has started to drive down rents.

More than 4,000 new apartments are forecast to hit the Los Angeles market this quarter, according to CoStar Group Inc., as the first wave of as many as 30,000 in the next three years. Much of the construction is concentrated downtown, where it’s easier to build than in other parts of L.A., and almost all the new apartments will be at the higher end of the market…
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  • Lender caught up in 2017 deposit run expected to repay bonds
  • Home Capital has ‘ample liquidity’ to redeem debt, CFO says

Home Capital Group Inc. debt investors who took a bet on the Canadian mortgage lender when its survival was in doubt are poised to reap the rewards of their gamble…

Home Capital Bond Investors Poised for Buffett-Powered Gain

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Jan
21

NHI Acquires TX Nursing Facility

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The facility—which opened its doors in November 2016—expands Ensign’s portfolio of 16 skilled nursing facilities located in Texas. The acquisition is the second of four to which NHI had previously committed.

National Health Investors Inc. has acquired a 121-bed skilled nursing facility in Waxahachie, Texas, for $14.4 million. NHI is planning on leasing the facility to an affiliate of The Ensign Group Inc.

The acquisition is the second of four to which NHI had previously committed and will expand on the existing lease at an initial rate of 8.2 percent plus annual lease escalators based on inflation. The facility—which opened its doors in November 2016—adds to Ensign’s footprint, which comprises 16 skilled nursing facilities in Texas. The acquisition was funded by NHI’s revolving credit facility…

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  • Industry looks to rebound after record-low openings in 2017
  • Former Tybourne, Moore, Owl Creek employees plan own funds

A slew of hedge funds are setting up shop in Asia, pointing to early signs of a revival after new starts slumped in 2017…

Hedge Fund Startups in Asia See Signs of Revival

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After months of negotiations with the community and city legislators, the Obama Foundation has submitted a revised development plan with the City of Chicago for city zoning entitlements, marking the most important step toward breaking ground on the project.

The Obama Foundation has submitted the Planned Development and Lakefront Protection Ordinance Application with the City of Chicago. The application is for city zoning entitlements and contains the revised construction plan for the upcoming presidential center, which is scheduled to break ground by the end of 2018 if the approval process goes smoothly.

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Built in 2008, Medical Pavilion South is a four-story health-care facility located on the campus of Franciscan Health Dyer Hospital.

Montecito Medical Real Estate has acquired a 63,486-square-foot medical office building in Dyer, Ind., on the campus of Franciscan Health Dyer Hospital, one of the largest acute-care hospitals in Northwest Indiana. The health system includes 14 hospitals with more than 18,000 employees. Built in 2008, Medical Pavilion South is a four-story health-care facility. According to Montecito Medical, the property is 92 percent leased.

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  • City-state’s office rents set to climb 25% in next two years
  • Tokyo only Asian city where rents will decline, Cushman says

Singapore office rents are set to post the biggest gains among Asian cities as an increase in demand runs into moderating supply, according to Cushman & Wakefield Inc…

Singapore Office Rents to Rise the Most in Asia

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Colony Plaza, anchored by a Save Mart grocery store, is 92 percent leased to tenants such as H&R Block, Supercuts and Country Skillets.

Donahue Schriber Realty Group has sold Colony Plaza, a 73,199-square-foot shopping center in Ripon, Calif., for $5.6 million. The buyer, NetCo Investments, financed its acquisition with a $3.1 million mortgage with a variable interest rate held by Five Star Bank, according to public records. An HFF team led by Gleb Lvovich, Bryan Ley and Eric Kathrein represented the seller in the deal.

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The Mele Group, the company’s self-storage team, marketed the 635-unit facility located in Corpus Christi. The team represented both the seller and the buyer in the transaction.

The Mele Group of Marcus & Millichap has arranged the sale of Bay Area Mini Storage, a 95,479-rentable-square-foot facility in Corpus Christi, Texas. The firm marketed the property on behalf of the seller, a limited liability company, as well as the buyer, a private investor.

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Morgan Stanley boosted Chief Executive Officer James Gorman’s 2017 compensation by 20 percent to $27 million, the most pay he’s received since taking the helm eight years ago…

Morgan Stanley Lifts CEO’s Pay 20% to $27 Million for 2017

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The deals include two leases and one sale in Chicago’s East-West corridor, totaling more than 100,000 square feet in three different suburbs.

NAI Hiffman has closed three different suburban office transactions outside Chicago. The first involved the $3.6 million sale of an office building in Lombard, Ill. The other two deals were leases, one for Joseph T. Ryerson & Son Inc.’s single-tenant lease in Lisle, Ill., and the other a new lease for LexRay in Downers Grove, Ill.

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Secured by assets across several states, the previous mortgage loan had an outstanding balance of roughly $377 million and was due to mature in 2020.

For the third time in three months, Ashford Hospitality Trust Inc. has refinanced a mortgage loan. In the latest transaction, the Dallas-based REIT refinanced a mortgage loan that had an outstanding balance of approximately $377 million and was secured by eight hotels.

The original loan was part of the BAML 1 & 2 Pool loan with a maturity date of January 2020. The REIT said the new loan totals $395 million and should result in annual interest savings of about $6.5 million…

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  • Restaurants and stores underpin $370 million of debt
  • NY prosecutors last year requested documents for the space

In a six-floor retail space near Times Square, the Guy Fieri restaurant has closed and construction hasn’t begun on celebrity chef Todd English’s food hall. A tourist attraction featuring a 1/87th scale model of New York City was behind on rent for two months as of December, according to loan documents…

Kushner’s Deutsche Bank-Backed Property Stung by Tenant Troubles

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The recently opened WoodSpring Suites Seattle Redmond expands the brand’s presence in the Seattle area, providing 120 suites with in-room kitchens.

WoodSpring Hotels has launched WoodSpring Suites Seattle Redmond, a 120-key hotel designed for extended stay. The asset was developed by West 77 Partners LLC and will be operated by WoodSpring Hotels Property Management.

“By fully utilizing our expertise in the extended-stay segment and the profitability that is a result of our unique operating model, the WoodSpring Suites brand continues to attract first-rate developers like West 77 Partners,” said Ron Burgett, executive vice president of franchise development and operations for WoodSpring Hotels LLC, in prepared remarks…

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As the economy is expecting growth in 2018, investors are faced with a mature U.S. real estate cycle characterized by a rent slowdown, a balance between supply and demand and appreciation growth.
The recent economic expansion is about to set a record as the third longest period of growth in U.S. history, provided that the upward trend continues during the first quarter of 2018, according to TH Real Estate’s most recent national real estate report. Moreover, Melissa Reagen, the company’s head of research, believes there are strong signs that the current expansion period will surpass 120 months—the all-time record—in June 2019…
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As negotiations for Brexit unfold between the U.K. and the European Union, and many arrangements are still in limbo, several European capitals have emerged as contenders in the race for the next financial centers of the E.U.
The U.K. has formally commenced the process of leaving the European Union. Following preliminary talks—between March and October 2017—officials moved on to key negotiations in late 2017 and early 2018 regarding future trade arrangements and the actual implementation phase, which may take place as late as 2021. The longer it takes representatives to reach an agreement on these issues, the more uncertainty it creates for the U.K.’s economy…
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