National

  • BPY to Drive Off with Auto RE Firm for $4.3B

    NEW YORK CITY—Currently a portfolio company of DRA Advisors, Capital Automotive was co-founded as a REIT by David S. Kay, now president of American Realty Capital Properties.

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  • Auction.com Appoints Chief Legal Officer

    IRVINE, CA—Mindy Heppberger is appointed the firm’s EVP and chief legal officer to oversee legal, regulatory, intellectual-property and other matters in this week’s wrap-up of deals.

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  • Most Distressed in California, Florida

    IRVINE, CA—Markets with the highest share of distressed sales and short sales combined are Las Vegas; Stockton, CA; Modesto, CA; Lakeland, FL; and Cape Coral-Fort Myers, FL, RealtyTrac reports in this UPDATE .

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  • Bank Lending Reaches $8T in Q2

    WASHINGTON, DC—That is the fastest pace since 2007, says the FDIC's Martin Gruenberg.

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  • Slow Growth Supports More Development

    WASHINGTON, DC—Given that just one-quarter of the construction jobs lost during the recession have been recovered, Cassidy Turley sees “a disconnect between what is currently being demanded by the economy in terms of space and what is currently being supplied.”

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  • Paramount Files for REIT IPO, May Target $2.5B

    NEW YORK CITY—The IPO could eclipse Douglas Emmett’s 2006 offering among US real estate trusts and would be the second largest among domestic firms in commercial real estate

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  • Connecting Community Through Authenticity

    ORANGE COUNTY, CA—A clear, meaningful design concept is one of the most important factors contributing to the success of a new development, says Jeff Larsen, principal of MVE+ Partners in this EXCLUSIVE column.

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  • Home Price Climb Slows in Most Markets

    IRVINE, CA—US home sales volume decreases from a year ago for the third straight month as price appreciation loses velocity in 65% of the nation’s housing markets in July, reports RealtyTrac.

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  • Healthcare No Longer a Niche Market

    CHICAGO—In this UPDATE , JLL explains how medical office and other similar product has begun to attract interest from institutional investors beyond the REITs that have dominated the sector.

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  • W&D Originates First Freddie Mac Manufactured Housing Loan

    BETHESDA, MD— The GSE announced earlier this year that it would begin purchasing and securitizing Manufactured Housing Community loans.

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  • NAIOP: Industrial’s Hot Streak Isn’t Cooling

    WASHINGTON, DC—“I don’t see any point in the next three to five years where we’re going to have negative absorption” even in the face of continued development, NAIOP’s Thomas J. Bisacquino tells GlobeSt.com in this EXCLUSIVE interview.

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  • Nadji: Economic Cycle Has ‘Room to Run’

    CALABASAS, CA—Geopolitical uncertainty that continues as the summer winds down underscores the continued safety of CRE for investors both domestic and foreign, observes MMI’s Hessam Nadji.

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  • AGC: Building Firms See Labor Shortages

    ARLINGTON, VA—Shortages of labor “threaten to impact construction schedules as firms struggle to find enough qualified workers,” says Ken Simonson, the association’s chief economist

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  • Seeking Balance: Capital Supply, Space Demand

    WESTPORT, CT—As long we in the investment advisory business make sure that underwriting terms and speculative development do not extend the market into dangerous territory, there’s a good chance that what goes up will not come crashing back down this time, says a source in this EXCLUSIVE column.

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  • New Site Underlines Foreign Buyer Influence

    SANTA ANA, CA—First American Title Insurance Co.’s new multilingual website and in-language video library for multicultural homebuyers points up the number of foreigners who are interested in US real estate.

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  • MF Ticks Ahead As Home Price Gains Slow

    WASHINGTON, DC—With demand for rentals continuing to show strength, “rent growth will outpace broad consumer inflation in upcoming years,” says Lawrence Yun, chief economist with the National Association of Realtors.

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  • QSR Chains Serve Up Whopper of a Merger

    MIAMI—Burger King will remain headquartered in Miami, its home since 1954, but the new parent company for the burger chain and donut maker Tim Hortons will be based in Canada.

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  • LaSalle Gets $1B Mandate for US

    CHICAGO—LaSalle Investment Management has been awarded a new mandate to invest $1 billion into US real estate, just weeks after raising the same amount for investments in Asia.

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  • AIR BNB: A Problem for Landlords, Tenants

    SAN FRANCISCO—Little is being considered of the unintended consequences to both landlords and other residents in a building from tenants using these kinds of services, says attorney Stuart Saft in this EXCLUSIVE column.

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  • Big Box Goes Efficient to Penetrate Urban

    LOS ANGELES—In this EXCLUSIVE Q&A, one retail expert says that sales forecasting is now more conservative, therefore limiting the number of new store openings and is having a major impact on where retailers choose to locate.

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