Distressed Asset Investments
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Watch Your Groceries
MELVILLE, NY- Mark Dufton from DJM Realty, A Gordon Brothers Group Co., (RECon booth S289) talks to GlobeSt.com about the changing supermarket sector.
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Revenue Group Leases Old Call Center
CLEVELAND—A pair of developers continue their efforts to remake unused Ohio properties.
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Standard Life Building Faces Foreclosure
PITTSBURGH-The Standard Life Building is facing a foreclosure action by First Commonwealth Bank over financing in excess of $5 million.
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Apartments Still Strong, Yet Lag in Auctions
IRVINE, CA- Auction.com ;'s Eric Paulsen says that multifamily is still a hot sector but trails others in commercial real estate when it comes to transaction activity.
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Dollar Stores Still on Fire
Neill Kelly of DJM Realty, A Gordon Brother Group Co. (RECon booth S289) says that dollar-store expansion has not slowed down.
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Berkadia Signs $75B Deal with KeyBank
HORSHAM, PA-Berkadia Commercial Mortgage LLC, based here, reports it has reached an agreement with KeyBank Real Estate Capital to subservice a commercial portfolio valued at $75 billion that KeyBank has agreed to purchase from Bank of America.
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Multifamily Still Hot, but Slows in Auctions
IRVINE, CA- Auction.com 's Eric Paulsen says that multifamily is still a hot sector but trails others in commercial real estate when it comes to transaction activity this year.
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Heat Map Shows High Nevada Foreclosures
IRVINE, CA-In an update to an earlier story, RealtyTrac’s interactive heat map shows Nevada had the highest rate of foreclosures per housing unit in April.
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Tamir Kazaz Launches US Sub of one of Israels Largest Firms
NEW YORK—New CEO to build billion-dollar portfolio of diverse real estate assets.
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Foreclosure Starts Rise in Some Western States
IRVINE, CA-Numbers increase as servicers in some non-judicial states adjust to legislation designed to prevent improper foreclosures, reports RealtyTrac.
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Hager Acquires 16-Building Industrial Portfolio
MCALLEN, TX-The Newport Beach investor acquires more than 800,000 square feet in McAllen and El Paso TX from CIII Capital Partners for approximately $17 million.
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Collateral Turns Iffy for Large CMBS Deals
NEW YORK CITY-The trend toward “average assets and aggressive assumptions,” according to Fitch, is occurring even as delinquencies continue declining for securitized CRE loans.
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$49M Sale Ends Two-Year Hold
HOUSTON-Piedmont Office turns the keys of the 150,000-square-foot 1200 Enclave to Griffin Capital a little more than two years after buying the class A asset out of foreclosure for $18 million.
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Seven State Entities Take Home $320M in NMTCs
WASHINGTON, DC—New York State-based community development entities came out as a big winners in this year’s round of New Market Tax Credits allocations.
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Long View Equity Snags St. David's EC
BASTROP, TX-The Austin, TX-based buyer acquires the 28,000-square-foot, freestanding emergency center from the Oklahoma City-based seller.
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Behind This Years NMTC Award Round
WASHINGTON, DC—The Treasury Department announced it would distribute $3.5 billion of New Market Tax Credits to organizations across the country. In this UPDATE we take a closer look at the program and the 85 Community Development Entities that were selected.
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Distressed Opportunities Down in the OC
NEWPORT BEACH, CA-Due to the area performing “better than anywhere else in the country,” there are fewer distressed opportunities in the immediate area, say speakers at a recent Sperry Commercial broker exchange here.
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Wells Fargo Sells Crexent Office Portfolio
MIAMI—With all the talk about alternative office space, one provider didn't make it. Find out what happened to the office buildings Crexent Business Centers built.
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RECAP, Vedura Ready to Build 163 Units
CHANDLER, AZ-The duo will shortly go north on the $20 million Elevation Chandler, a that project not related to the see-through condotel near Chandler Fashion Center. Part one of two articles.
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Links Sells Another Golf Course
CHICAGO- In this UPDATE to our story from last month, Links has sold another golf course, showing again that investors can snap up these properties for bargain basement prices.
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