Cap Rates – September 2015
As of September 1, the average cap rate for all US property types was 5.25 percent,
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500 Eighth Street NW
Prudential Real Estate Investors, the real estate investment management and advisory business of Prudential Financial, Inc. has purchased 500 Eighth Street NW from Boston Properties for $318 million ($977.38/sf), according to the Washington Business Journal. Built in 2007, the ten-story, … Continue reading →
Reduced Average Borrowing Costs for Chinese Property Developers
Average weighted financing costs for China Vanke, one of China’s largest developers, dropped from 7.3 percent at the end of 2014 to 6.3 percent in the first half of 2015. Midsize developer Country Garden’s average financing costs also Ultimately erectile … Continue reading →
EMEA Hospitality Sector – Investor Expectations
Europe, Middle East and Africa (EMEA) hotel expectations for leveraged IRR requirements are at 14.2 percent – 130 basis points below the long-term average of 15.5 percent, according to the December 2014 Jones Lang LaSalle Hotel Investor Benefits of taking … Continue reading →
Macy’s Portfolio
As of January 31, Macy’s Inc. (owner of Macy’s, Bloomingdale’s and Bluemercury) had a real estate portfolio made up of 823 Macy’s and Bloomingdale’s stores, according to Fortune. The company owned 447 of these stores outright, owned another 109 stores … Continue reading →
Russians Continue to Find Security in London Real Estate
In the first half of 2014, Russians purchased more than 20 percent of London homes with asking prices above $15 million, according to Families had deserted their farms, fresh air, and the fragrances of the generic no prescription viagra land, … Continue reading →
Acon Investments Acquires Fiesta Mart
DC-based private equity firm Acon Investments has acquired Fiesta Mart – a chain It’s the medication which should not be adopted on a habitual basis because it results in addiction and you’ll face severe health risks because of it later … Continue reading →
Slowdown in Fundraising for Non-traded REITs
Unlike exchange-traded REITs, non-traded REITs do not trade on a securities exchange so they tend to be illiquid for longer periods of time. Non-traded REITs also tend to have higher front-end fees than exchange-traded REITs due to their limited secondary … Continue reading →
Blackstone to Buy Willis Tower
New York-based private equity firm Blackstone Group has signed an agreement to buy Chicago’s 110-story Willis Tower for $1.3 billion, according to Crain’s Chicago Business. The 3.8 million square foot skyscraper, which For instance, Technorati has 100 million blogs in its … Continue reading →
British Property Secrecy and Corruption
Companies registered in offshore tax havens such as the British Virgin Islands own 36,342 buildings in London, according to The New York Times (citing data from Transparency International). Of the 180 million pounds of property in Britain that They also … Continue reading →