Commercial Real Estate News from CoStar

These stories are supplied by the CoStar Group.  The articles contain a cross-section of national happenings in the world of commercial real estate.  These articles are updated regularly.

 

National Commercial Real Estate News From CoStar Group

Quality Care Properties Inc. (NYSE: QCP) has filed a lawsuit seeking to appoint an independent receiver to oversee operation of 292 of its skilled nursing and assisted living/memory care facilities currently operated by HCR ManorCare Inc., its largest tenant. The company initiated the legal action in California State Court, asking for the appointment of an independent receiver to preserve the value of Quality Care’s facilities, despite HCR ManorCare...

8/21/2017 9:20:02 PM

Just over three months after acquiring the leasehold of the Westin Maui Resort & Spa from Marriott International Inc. for $317 million, Trinity Investments LLC and Oaktree Capital Management, LP have announced a joint venture to invest up to $3 billion in Trinity's core markets of Hawaii, California, Mexico and Japan. The venture, with Trinity responsible for acquisitions and asset management, is seeking to invest alongside other institutional...

8/21/2017 12:08:55 AM

Travel Leaders Group has signed a lease to occupy 105,892 square feet at 1633 Broadway in New York City. The largest travel agency in the U.S., Travel Leaders Group will occupy the entire 35th and 36th floors on a 10-year deal slated to commence in Q1 2018. The CBRE team of Patrice Meagher, Paul Amrich, Howard Fiddle, Emily Jones and Robert Hill brokered the lease on behalf of the landlord, Paramount Group. By Daniel Griffin Bates White...

8/20/2017 7:00:00 PM

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Chicago, San Francisco, Boston, Northern New Jersey, Washington DC, Los Angeles, New York City, Atlanta, Minneapolis, Seattle, Salt Lake City, Las Vegas, Toronto, Austin, Dallas / Ft. Worth and South Florida. CHICAGO Cushman & Wakefield Adds Tyler as Managing Director By...

8/18/2017 2:00:00 AM

Tuesday's Commerce Department report of a major boost in U.S. retail sales in July, combined with a stronger-than-expected jobs report earlier this month, suggests that the U.S. economy continued its slow but steady expansion in the third quarter. Usually, record highs in the stock market, strong economic indicators and stable fundamentals across U.S property and capital markets would be cause for investors to plunge headlong into the property...

8/17/2017 8:18:33 PM

Suburban office markets with emerging 'urban-style' live-work environments and good transportation access are gaining increasing cachet among investors and cost-conscious office users, according to a new survey of the nation's 25 largest suburban markets by CBRE Group, Inc. As office prices and rental rates rise in the nation's CBDs, certain "urban-suburban" districts may offer investors opportunities at lower prices, according to CBRE, noting...

8/17/2017 12:35:57 AM

The nation’s two largest public pension funds reported strong returns from their real estate investments for their fiscal years ended June 30. The California Public Employees' Retirement System (CalPERS) reported preliminary net returns of 7.6% for its real estate holdings - 43 basis points over its benchmark performance. CalPERS holds $331.7 billion in total assets with real estate making up $30.1 billion of that. The California State Teachers...

8/17/2017 6:19:36 AM

Full-year 2016 cash flow numbers are in for about 75% of loans securitized in CMBS deals with most borrowers reporting higher than the historical growth average for most property types, however the pace of growth is down slightly from record growth in 2015. The CMBS market experienced 3.4% net cash (NCF) flow growth in 2016, according to bond rating agency DBRS Inc. Although this is higher than the historical average of 1.1% since 2000, 2016 growth...

8/15/2017 7:17:06 PM

Cushman & Wakefield is buying out its joint-venture partner to take full ownership of its branded operations in Minneapolis, Seattle, Salt Lake City and Las Vegas from NorthMarq Cos., a private holding company owned by the Minneapolis-based Pohlad family. In a separate transaction announced Tuesday, Chicago-based Cushman said that it has acquired Toronto-based 20 VIC Management Inc., one of Canada’s leading commercial real estate advisory and management...

8/15/2017 9:47:17 PM

DineEquity Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill & Bar and IHOP restaurants, announced more aggressive restaurant closure plans this past week, more than doubling the count of Applebee’s it expects to close this year, from originally planning 40 to 60 closures to 105 to 135. The firm also upped IHOP closure estimates from 18 to about 25. "We believe 2017 will be a transitional year for Applebee's and we are making...

8/14/2017 11:02:23 PM

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These stories are supplied by RealEstateJournal.com.  The articles contain a cross-section of happenings in the world of commercial real estate.  These articles are updated regularly.

 

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