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Monthly Archives: October 2014

CoStar’s People of Note (Oct. 26 – Nov. 1)

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Inland Empire, Minneapolis, San Diego, Chicago, Los Angeles, Atlanta, South Florida, Cincinnati, Charlotte, and Western Michigan.
INLAND EMPIRE
Wetherholt Named FVP at Marcus & Millichap
By Justin Sumner

Marcus & Mi

The Rockefeller Group To Acquire Majority Interest in TA Realty

The Rockefeller Group, a global property owner, developer and investment manager owned by Mitsubishi Estate Co. Ltd., said it will expand its investment management platform by acquiring Boston-based TA Realty LLC, which currently has four active commingled funds and approximately $12 billion in assets under management.

TA Realty will become The Rockefeller Group’s primary real estate investment management platform in the U.S. Terms of the deal…

Seven Non-Traded REITs Exploring Sales or Mergers

Looking to acquire a pre-packaged portfolio of office, industrial, retail, health care, hospitality or multifamily properties? Look no further than the pack of non-traded REITs that have recently hired financial advisors to leave their non-traded statu…

Competition for CRE Lending Creating a Dilemma for Banks

The nation’s banks continue to grow their commercial real estate loan portfolios, increasingly betting on the growing demand for new commercial property construction and continued strength in multifamily.

However, as many banks acknowledge in their quarterly earnings discussions this month, the lending landscape is getting pretty crowded with competitors. That is prompting some banks to back away from opportunities and others to stretch their lending…

Uncertain Prospects for Renewing Terrorism Insurance Prompt Investor Concerns

While industry lobbyists and major property owners have forcefully advocated to renew the federal program that backstops property insurers in the event of a terrorist attack, concerns have recently escalated since Congress adjourned until under after next week’s midterm elections without taking action on renewing the measure.

Real estate owners, investors and insurance policyholders potentially have a lot to lose if Congress fails to extend the…

Crescent Bayshore Sold for $111.5M in Tampa

Crescent Communities sold its newly-completed Crescent Bayshore multifamily complex at 319 Bayshore Blvd. in Tampa, FL to UBS Realty Investors for $111.5 million, or about $304,000 per unit.

The sale marks the first of nine announced transactions cu…

Serial Acquirer ARCP Acknowledges Accounting Errors

American Realty Capital Properties (Nasdaq: ARCP) on Wednesday disclosed preliminary findings from an internal investigation conducted by its audit committee that found the company had released inaccurate financial statements for the first two quarter…

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