Multifamily | GlobeSt.com

PEORIA, AZ-The second of sister complexes developed by Trammell Crow Residential and Opus West goes to an Illinois buyer.

• Akridge Uses Venture to Build Out 10M-SF MXD Pipeline

• Four Units of Vivacon File For Insolvency

• Southern Pines Apartments Sell for $13M

• Assembly Okays Starrett City Refinancing

• View All Multifamily News

FEATURES
Waning Fundamentals Prompt Underweight Rating on REITs With declining occupancy and rents, REITs see the halcyon days of multifamily investment fading away.	CampusBrands Launches Student Housing Former hotel executive teams up with NYLO Hotels to create the first franchise brand for off-campus student housing.	View the week's top Multifamily stories GlobeSt.WEEK

EXPERT OPINIONS

GlobeSt.TV

VIDEO: Recession Is Far From Over

CHICAGO-GlobeSt.com's Katie Hinderer interviews speakers recently at Incisive Media's RealShare Chicago event.

Jones Lang LaSalle's Kenneth Rudy

'To get any sort of stabilization returned to the securitization markets one needs to rebuild confidence.'

SECTOR WATCH

Consolidated Resorts Filing Ch. 11
LAS VEGAS-The owner of timeshare resorts in Las Vegas, Hawaii and Orlando says it is filing for bankruptcy protection.

INDUSTRIAL

• Lear Corp. Prepares to File Chapter 11
• Industrial Tenants Ink 292,000 of Leases
• Earth Friendly Products Buys 100,000-SF Building

OFFICE

• MBA: Q1 Property Sales Total $9B
• Medical Tower Lines Up First Tenants
• NAI Hanson Completes Lease Renewal

RETAIL

• Back to Work on Streets of Buckhead
• Council Signs Off on Fordham Expansion
• Source: $72M Takes NoVa Office

HOTEL

• Colony Financial REIT Files $500M IPO
• Improving Assets on a Shoestring Budget
• Airport Hotel Auction Looms

NET LEASE

• California May Delay Rent Payments
• Cronheim Mortgage Arranges $100M Note Purchase
• VIDEO: Under $10M Is the New Black

AROUND THE NATION

Q1 Property Sales Total $9B
WASHINGTON, DC-That is a far cry from the $43.4 billion in Q1 2008 and $125.5 billion in Q1 2007.

HEADLINES

• Real Estate Forum:
Retail and the Recession
• LSRP Program Gears Up for Implementation
• NetLease Forum:
Shareholders Challenge CVS' Longs Buy

DEAL FOCUS

Clermont Hotel Heading to Auction?
ATLANTA-A local effort is under way to prevent the property from facing foreclosure.

FINANCE

• MBA: Q1 Property Sales Total $9B
• Cohen Secures $5M Financing for Multifamily Properties
• CWCapital Expands West Via Sierra Acquisition

DEVELOPMENT

• City Proposes Moscone Center Expansion
• Easing Up on Housing Age Restrictions
• Landlords Can’t Forget Their Customers

LEASING

• Apartment Demand Takes Positive Turn
• Improving Assets on a Shoestring Budget
• The Landlord As the Detective

SALES

• $12M Snatches Up 90-Unit MF Portfolio
• ‘Friendly’ Foreclosure Filed for Condo Tower
• K&M Development Acquires 32-Acre Site

COMMUNITY

It’s Official: AIG’s Downtown HQ Sold

NEW YORK CITY-The financial services giant’s adjoining properties in the Financial District have traded for an undisclosed sum to a partnership of Youngwoo and Kumho.

J. Jill Out, Outlets In at Talbots

HINGHAM, MA-Jill chain is getting sold for $75 million, while the retailer launches an outlet chain.

CALENDAR OF EVENTS

FEATURED EVENT

RealShare Multifamily Conference

July 9, 2009
Virtual Conference Series

Post Your Event View 2009 Calendar

DIRECTORIES

Marketing & Business Development Guide

Real Estate Forum - February/March 2009

Hotel Services Resource Guide

Real Estate Forum - January 2008

Professional Real Estate Services Resource Guide

Real Estate Forum - December 2008

WEBINAR SPOTLIGHT

LIVE WEBINAR
Distressed Hotels:
How Bad Will it Get?

How bad will financial distress in the hotel industry get before it gets better? Are we seeing just the tip of the iceberg in terms of hotel foreclosures? What can owners do to help their properties survive? Why aren’t we seeing more sales of distressed hotels? Will lenders take back properties or work out loan terms with borrowers? Listen in as our panel of experts gets to the bottom of these crucial questions. Monday, July 6, 2009: 12:30 PM ET Cost: $59
Register Now >

Other Webinars The Economy: Midyear Reality Check | The Next Generation of Student Housing Design & Development: Case Studies from Around the Nation | Job Opportunities in a Turbulent Market | Building Owners at Risk: Surviving Distress | Retail: Is There Hope? | Opportunities in Distressed Assets | View All >

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RESEARCH & ANALYSIS

Survey Says: Pricing Needs to Fall Further

SAN FRANCISCO-The biggest percentage of respondents to a survey of LoopNet members do not expect transaction activity to recover until 2010.

New Industrial Listings Far Outnumber Sales

Some $2.1 billion of new listings over-shadow $266 million in sales. An April report from Real Capital Analytics says growing inventory of unsold product may mean the sector's level of distress is mounting.

HOT TOPICS

GlobeSt.TV

VIDEO: Breaking Down the Stimulus Package

LOS ANGELES-Tony Thompson talks with Incisive Media’s John Salustri at the RealShare Real Estate 2009 event earlier this year.

Financial Experts: Obama Is Clearing a Path

NEW YORK CITY-A panel of financial pros assessed the administration's stimulus package and its forward-reaching effects on the stale economy.

Dubai World Sues Troubled MGM Mirage

LAS VEGAS-The investment arm of the government of Dubai sues MGM Mirage, its 50-50 partner in the multi-billion CityCenter development, for breach of contract.