Branch Properties Acquires $40M in Retail in One Week
ATLANTA—Branch Properties is closing out the year with heavy deal flow. The Atlanta-based real estate investment firm just acquired two notable retail assets in an eight-day span. Specifically, Branch snapped up City Walk in Sandy Springs, TN for $24.53 million,nearly half of its 2007 sale price, in a special servicer-managed REO sale. Branch also acquired the shadow retail portion of Merchant's Festival in East Cobb from Target Corporation for $13.17 million.
SAN DIEGO—Berkadia’s Ernie Katai discusses the multifamily demand and fundamentals that have helped his firm achieve rapid growth and how the firm is preparing for the year ahead, in this EXCLUSIVE video interview.
PLANO, TX—The closures, planned to occur over the next few months, come on the heels of the company’s first year of profitability since 2010.
NEWPORT BEACH, CA—Over time, long-term and short-term interest rates generally correlate, though this is not always the case in the short run, CBRE’s Phil Voorhees tells GlobeSt.com in this EXCLUSIVE story about his yield-prediction contest.
SAN DIEGO—Speakers during the CMBS panel at MBA’s CREF/Multifamily Housing Convention and Expo 2017 say educating brokers and borrowers is key to a healthy CMBS future.