National
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The Resilient Office Market
NEW YORK CITY-The US will remain a dominant world power and New York City will remain its business center… and, all those businesses need office space, says Stuart Saft, a partner at Holland & Knight.
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Assn.: Millennials Will Lead Home Buying
ORANGE COUNTY, CA-The Orange County chapter of the Building Industry Association of California says this demographic group will drive homebuilding trends and reinvigorate the market.
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Davis Group Turns Around Midwest MOB
MINNEAPOLIS-The local firm succeeds in boosting occupancy with IRET Properties' Edina, MN medical office building. More projects are in the works.
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Lee & Associates Expands Midwest Presence
INDIANAPOLIS—The commercial broker plans to start its new valuation service in their offices across the country.
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Fannie Mae's Multifamily REMIC Still Attracts New Investors
WASHINGTON, DC- Fannie Mae recently priced its fifth Multifamily DUS REMIC for the year, totaling $1.02 billion.
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Multifamily Health Still Comes Down to Jobs
NEW YORK CITY-The darling among commercial real estate food groups has a healthy outlook, but that still depends on just one thing . . .
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Blackstone REIT Upsizes Stock Offering
NEW YORK CITY-An affiliate of the Blackstone Group, Blackstone Mortgage Trust could raise up to $659 million in a stock sale intended to finance acquisition of a loan portfolio.
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Lehman Sells Half Its Stake in EQR, AvalonBay
NEW YORK CITY-The sale of a combined 23 million shares of Equity Residential and AvalonBay occurs about a month after the end of a lockup period following Lehman’s sale of Archstone to the two REITs.
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Traffic Group Cites Interchange Advantages
SAN DIEGO-In an UPDATE to an earlier story, the innovative diverging diamond interchange reduces commercial properties’ impact on public roads, Wes Guckert of the Traffic Group tells GlobeSt.com.
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Walgreens, Intent on Building Global Platform
LAS VEGAS-At ICSC, Greg Wasson, CEO and president of the firm, said that the retail channels are blurring, and Walgreens is up for the challenge.
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Retailers Adapt, Capture Market Share
LAS VEGAS-In an update to an earlier story, ICSC panelists and attendees say retailers are evolving and embracing new ways to attract customers and improve operational efficiency.
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OPERS to Invest $1.3B in US Real Estate
COLUMBUS, OH—The Ohio Public Employees Retirement System is looking to make the investments through various avenues including both debt and equity.
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First Potomac Prices Offering to Net $91.1M
WASHINGTON, DC-The capital markets have been good to REITs in the last few years.
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Self-Storage Gaining Notice
CHICAGO—In this UPDATE to Tuesday’s story, Marc A. Boorstein of MJ Partners explains why investors should consider self-storage real estate on par with other sectors.
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Cap Rates Inch Up for B & C Apartments
Rent growth at class B and C apartment properties quickened during the first quarter. But with fewer investors and lenders vying for those properties, appreciation lagged cash flow.
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Fannie Mae to Market $2.2B Legacy CMBS
WASHINGTON, DC-The GSE is putting these securities on the market to comply with an FHFA directive to reduce its non-agency portfolio, Kimberly Johnson, Fannie Mae Senior Vice President of Multifamily Capital Markets, tells GlobeSt.com's Erika Morphy.
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Saks Reportedly Explores Possible Sale
NEW YORK CITY-The flagship Saks Fifth Avenue store alone is believed to be worth more than $1 billion, the New York Post reported Tuesday.
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Glimcher on the Health of the Mall Concept
COLUMBUS, OH-In this UPDATE to Tuesday’s story, Glimcher Realty Trust’s CEO Michael Glimcher tells GlobeSt.com’s John Salustri why reports of the death of the mall concept are greatly exaggerated.
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A Positive Attitude Seals Deals
TAMPA-Sharon Bragg, vice president, Tampa Agency Leasing for Jones Lang LaSalle may not have planned to enter commercial real estate, but find a positive attitude works wonders in negotiations.
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Getting Beyond the Traditional Food Cart
LAS VEGAS-GlobeSt.com’s Natalie Dolce talks with ICSC attendees, including JLL’s southwest market director Peter Belisle, about what he sees as a the new opportunity for landlords to generate excitement.
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