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Monthly Archives: October 2012

GIC Investing in California Office Tower

Government of Singapore Investment Corp (GIC), Singapore’s sovereign wealth fund, is said to be taking control of 101 California Street, an office tower in San Francisco.

The sale of 101 California would be in line with the increased interest in U.S. real estate by sovereign funds from Asia, Europe and the Middle East, said Dan Fasulo, managing director of global commercial property data and information firm Real Capital Analytics Inc. The price for the tower would value the property at about $750 per square foot.

“101 California is the kind of trophy asset that every sovereign fund is looking for,” said Fasulo, referring to commercial buildings with the best locations and physical appeal that attract competitive bidding.

GIC Investing in California Office Tower

Government of Singapore Investment Corp (GIC), Singapore’s sovereign wealth fund, is said to be taking control of 101 California Street, an office tower in San Francisco.

The sale of 101 California would be in line with the increased interest in U.S. real estate by sovereign funds from Asia, Europe and the Middle East, said Dan Fasulo, managing director of global commercial property data and information firm Real Capital Analytics Inc. The price for the tower would value the property at about $750 per square foot.

“101 California is the kind of trophy asset that every sovereign fund is looking for,” said Fasulo, referring to commercial buildings with the best locations and physical appeal that attract competitive bidding.

Industrial Sector Transactions Predicted to Pick Up in 2013

The pipeline of industrial sales in the United States is expected to grow by as much as 20 percent in 2013, according to experts with Jones Lang LaSalle’s industrial capital markets team.

According to global commercial real estate data firm Real Capital Analytics, year-to-date 2012 industrial investment transactions are down approximately 20 percent compared with the same period in 2011. However, a significant number of very large transactions are slated to close in the fourth quarter, which will close the gap to end the year with volume that is roughly equivalent to 2011’s $35.3 billion in sales.

Read more about the industrial sector in RCA’s US Capital Trends.

Industrial Sector Transactions Predicted to Pick Up in 2013

The pipeline of industrial sales in the United States is expected to grow by as much as 20 percent in 2013, according to experts with Jones Lang LaSalle’s industrial capital markets team.

According to global commercial real estate data firm Real Capital Analytics, year-to-date 2012 industrial investment transactions are down approximately 20 percent compared with the same period in 2011. However, a significant number of very large transactions are slated to close in the fourth quarter, which will close the gap to end the year with volume that is roughly equivalent to 2011’s $35.3 billion in sales.

Read more about the industrial sector in RCA’s US Capital Trends.

Chinese Developer Purchases Large Lot in Brooklyn

Xinyuan Real Estate Co, a Beijing-based developer bought a 2 acre parcel in the Williamsburg section of Brooklyn. The deal is the first of its kind by a Chinese firm in the U.S., according to global commercial property information firm Real Capital Analytics Inc. going back to 2000.

“There’s no question that China wants its domestic companies to spread their wings around the world,” said Dan Fasulo, managing director at Real Capital. “This firm is no joke. Many Chinese real estate developers are looking overseas almost as a training ground for their people, to bring best practices back home.”

Beijing Builder Buys NYC Lot in First for a Chinese Firm

Brooklyn is luring investors including Invesco Ltd. and Sam Zell’s Equity Residential as demand for housing soars in New York’s most populous borough. Xinyuan’s acquisition, made as China’s government limits domestic property purchases, was the first by a Chinese company of a U.S. site planned for more than a few units, according to data from Real Capital Analytics Inc. going back to 2000.

“There’s no question that China wants its domestic companies to spread their wings around the world,” said Dan Fasulo, head of research at New York-based Real Capital, which tracks global commercial-property transactions. “This firm is no joke. Many Chinese real estate developers are looking overseas almost as a training ground for their people, to bring best practices back home.”

Chinese Developer Purchases Large Lot in Brooklyn

Xinyuan Real Estate Co, a Beijing-based developer bought a 2 acre parcel in the Williamsburg section of Brooklyn. The deal is the first of its kind by a Chinese firm in the U.S., according to global commercial property information firm Real Capital Analytics Inc. going back to 2000.

“There’s no question that China wants its domestic companies to spread their wings around the world,” said Dan Fasulo, managing director at Real Capital. “This firm is no joke. Many Chinese real estate developers are looking overseas almost as a training ground for their people, to bring best practices back home.”

Beijing Builder Buys NYC Lot in First for a Chinese Firm

Brooklyn is luring investors including Invesco Ltd. and Sam Zell’s Equity Residential as demand for housing soars in New York’s most populous borough. Xinyuan’s acquisition, made as China’s government limits domestic property purchases, was the first by a Chinese company of a U.S. site planned for more than a few units, according to data from Real Capital Analytics Inc. going back to 2000.

“There’s no question that China wants its domestic companies to spread their wings around the world,” said Dan Fasulo, head of research at New York-based Real Capital, which tracks global commercial-property transactions. “This firm is no joke. Many Chinese real estate developers are looking overseas almost as a training ground for their people, to bring best practices back home.”

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