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NEW YORK CITY—The ratings agency says that strong occupancy growth between 2010 and 2014 was driven partly by demand for leisure and corporate travel that was pent-up during the recession, and will moderate.
NEW YORK CITY—In a candid discussion of his new role at the embattled ARCP, CEO Glenn Rufrano—appointed just at the start of this month—told ALM Real Estate Group VP and group publisher Michael Desiato how he plans to turn the company around, and he offered up his take on the market.
It is no secret cap rates for net lease properties, and investment real estate in general, have compressed dramatically in the last few years. This trend is especially pronounced for properties with investment grade tenants and long lease terms which are trading at all time low cap rates.
POMONA, CA—A private investor purchases a 7.5-acre land parcel that currently houses two industrial buildings, with plans to build a townhome community.
LA PUENTE, CA—The finance firm structures the CMBS loan for the owner of the Sunkist Shopping Center by removing an under-construction portion of the center from the collateral.