Ilaina's Feed
Apr 26, 2013

More U.S. investors spanning the globe for real estate

NEW YORK (Reuters) – U.S. investors are rediscovering their appetite for foreign real estate. Attracted by potentially higher returns, they are putting more money into overseas funds that invest in offices, malls and apartment complexes than they have in six years.

Investors moved $2.6 billion into mutual funds and exchange-traded funds that primarily invest in office buildings, hotels, and other commercial properties abroad during the first quarter of 2013. That is the largest inflow since 2007′s record first quarter of $5.3 billion in new investments, according to Lipper, a Thomson Reuters company.

Apr 26, 2013

The ways Lipper winners make global property pay

NEW YORK (Reuters) – Since the start of the year, U.S. investors have poured money into foreign real estate funds at the fastest rate since 2007.

About $2.6 billion has flowed into mutual funds and exchange traded funds that primarily invest in real estate abroad during the first quarter of the year, according to Lipper, a Thomson Reuters company.

Apr 11, 2013

Time Warner hires Eastdil to market its New York headquarters

NEW YORK (Reuters) – Time Warner Inc said on Thursday that it has hired Eastdil Secured LLC’s Doug Harmon to market its headquarters to determine how much the building would fetch should the company decide to sell it.

The media conglomerate’s 1.1 million square-foot headquarters is part of the larger Time Warner Center. Within the larger center, which was completed in 2004 and includes a Mandarin Oriental hotel, a shopping mall, underground parking and condominiums, Time Warner owns only its headquarters.

Apr 11, 2013

Time Warner hires Eastdil to market its NY headquarters

NEW YORK, April 11 (Reuters) – Time Warner Inc said
on Thursday that it has hired Eastdil Secured LLC’s Doug Harmon
to market its headquarters to determine how much the building
would fetch should the company decide to sell it.

The media conglomerate’s 1.1 million square-foot
headquarters is part of the larger Time Warner Center. Within
the larger center, which was completed in 2004 and includes a
Mandarin Oriental hotel, a shopping mall, underground parking
and condominiums, Time Warner owns only its headquarters.

Apr 4, 2013

Demand for space in U.S. strip malls still weak in first quarter

NEW YORK, April 4 (Reuters) – Limited supply of new U.S.
strip malls helped offset weak demand for space in the first
quarter, easing the national vacancy rate to 10.6 percent from
10.7 percent the prior quarter, according to a report released
on Thursday.

With retail sales struggling to recover and muted demand for
space, new construction for neighborhood strip centers remained
near record low levels during the quarter, according to the
report by real estate research firm Reis Inc.

Apr 3, 2013

Apartment vacancy rate falls to lowest level since 2001

NEW YORK (Reuters) – The U.S. apartment vacancy rate fell to its lowest level in more than a decade, but persistent stagnant income growth for U.S. workers has tempered the ability of landlords to raise rents, according to an industry report released on Wednesday.

The national apartment vacancy rate fell 0.2 percentage points to 4.3 percent in the first quarter, the lowest since the fourth quarter 2001, according to a preliminary report by real estate research firm Reis Inc. Rents, on the other hand, grew by 0.5 percent, the smallest increase since the fourth quarter of 2011.

Apr 2, 2013

Like employment, demand for office space improves – barely

NEW YORK (Reuters) – The office vacancy rate fell only slightly during the first quarter, as a lack of significant job growth continued to impede demand for space, according to a quarterly report released on Tuesday.

At the same time, U.S. office construction during the first quarter reached a 14-year low as developers remain spooked by soft demand and meager rent growth, according to real estate research firm Reis Inc.

Apr 2, 2013

Like U.S. employment, demand for U.S. office space improves – barely

NEW YORK, April 2 (Reuters) – The U.S. office vacancy rate
fell only slightly during the first quarter, as a lack of
significant job growth continued to impede demand for space,
according to a quarterly report released on Tuesday.

At the same time, U.S. office construction during the first
quarter reached a 14-year low as developers remain spooked by
soft demand and meager rent growth, according to real estate
research firm Reis Inc.

Mar 21, 2013

American Realty ‘surprised’ by Cole’s offer rejection

March 21 (Reuters) – American Realty Capital Properties
Inc said on Thursday that it was “surprised but
disappointed” that Cole Credit Property Trust III Inc’s had
rejected its $5.7 billion buyout offer, but said it remains
committed to the offer.

Cole Credit said the special committee of its board had
reviewed the offer and concluded it would not be in the best
interests of its stockholders. It said it would proceed with its
acquisition of its external adviser, Cole Holdings Corp.

Mar 20, 2013

American Realty Capital offers to buy Cole Credit trust

By Ilaina Jonas and Tanya Agrawal

(Reuters) – Real estate investment trust American Realty Capital Properties Inc (ARCP.O: Quote, Profile, Research, Stock Buzz) on Wednesday said it offered to buy unlisted Cole Credit Property Trust III Inc for $5.7 billion in cash and stock, sending American Realty’s stock up more than 5 percent.

American Realty Capital Property’s offer comes about two weeks after Cole Credit Properties Trust III said it would buy its external adviser, Cole Holdings Corp, and pursue a path to become listed on the New York Stock Exchange.