In an interesting twist, two of the top three buyers of commercial property in 2009 were wait for it institutional investors.
Even though many pension funds, in particular, have been badly burned in this economic downturn, apparently that hasn’t quite whetted their appetite for CRE.
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Movie Rental Retailer Files Bankruptcy Again, Plans to Close 856 Stores
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Institutional investors are making big plans to invest more heavily in commercial properties in 2010, despite major write-downs that have left some portfolios worth half of their value since the market peak in 2007.
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The beleaguered US commercial real estate sector has been attracting a new wave of money from sources including foreign banks, US private equity firms, and a leading Chinese sovereign wealth fund.
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CB Richard Ellis Group Inc. has won the contract to sell 17 state office buildings, including several in Sacramento, to investors to raise an estimated $660 million to offset state budget cuts, the California Department of General Services said Friday.
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Flagler closed on a $460 million commercial mortgage-backed securities (CMBS) loan covering its 44 office and industrial properties in Florida.
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More Than Two-Thirds of Respondents in Barclays Survey are Bullish on CRE, but Credit Availability is Still a Challenge for Potential Buyers
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Developers Diversified Realty, an Ohio-based owner of shopping malls, on Monday sold the first commercial mortgage bonds under a government scheme to boost lending to the troubled sector.
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Is the pending commercial real estate crisis everyone seems to be afraid of nothing but a myth? Sam Zell thinks so.
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Realty Income Corp. purchased three properties for $10.7 million during the third quarter, its first acquisition in nearly two years.
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Federal bank regulators issued guidelines allowing banks to keep loans on their books as "performing" even if the value of the underlying properties have fallen below the loan amount.
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Drug Stores Continue to Dole it Out... and Consumers and Investors Eat it Up...
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Flame chandeliers? Burger King goes for sit-down style with restaurant overhaul
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The cap rate spread over the 10-year Treasury yield is normally positive, reflecting the additional risks inherent in real estate assets (Exhibit 1). The risk premium is generally considered necessary to compensate for liquidity, leasing and tenant credit risk.
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A drugstore giant now offers walk-in health-care clinics. An interview with Wade D. Miquelon, CFO and utive vice president, Walgreen Co.
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