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Top million dollar homes news stories... |
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CalSTRS Acquires Ownership Stake in LCOR |
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In a deal valued at close to $820 million, the California State Teachers' Retirement System (CalSTRS) has acquired a 90% interest in LCOR, a real estate investment, management and development company, in combination with an extensive real estate portfolio, from LCOR's previous investment partner, Lehman Brothers.
The Berwyn, PA-based LCOR's real estate operating and development business manages more than 7,400 multifamily units, 7.7 million square... |
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CoStar's People of Note (May 20-26) |
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This week's People of Note includes the following markets: Atlanta, Austin, Kansas City, National, New York City, San Antonio, San Francisco, South Bay and Washington, DC.
NEW YORK CITY
Harkins Rejoins Cushman as Executive Director
By Laurie Forbes
Industry veteran Joseph F. Harkins returned to Cushman & Wakefield as an executive director in the company’s Midtown location.
Harkins served the past five years at Grubb & Ellis. T |
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ICSC-RECon Attendees Upbeat Despite Slow Pace of Retail Recovery |
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Improving market fundamentals and increase retail deal activity raised the energy level several notches at this year's RECon convention, the annual deal-making confab sponsored by the International Council of Shopping Centers (ICSC) in Las Vegas each spring.
More than 32,000 attendees -- including |
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Retailers Cautiously Eyeing Expansion Into More U.S. Markets as Shopping Activity Rises |
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While the first quarter gains are far from dramatic, retail real estate fundamentals steadily improved at the beginning of 2012 as job creation and economic growth lure more consumers into U.S. shopping centers, leading retailers to expand their footprints into a broadening list of metros around the county, according to CoStar Group’s First Quarter 2012 Retail Review and Outlook.
However, the expected moderate demand for shopping center space should... |
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CMBS Class of 2007: The Smaller They Are, The Harder They Fall |
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While the CMBS class of 2007 is full of delinquents, the creditworthiness for some of the loans made during that frothy era is actually holding up, particularly on large office deals.
This year (2012) was widely viewed as the year of reckoning for the class of 2007 originated loans as the five-year balloon loans made at the height of the |
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