US Commercial Real Estate
White House Backs Privatizing Fannie, Freddie as Part of Sweeping Government Reorganization Proposals
Fri, 22 Jun 2018 08:15:49 GMT
Image credit: The White House In an unexpected move yesterday, the White House released a wide-ranging set of recommendations for reorganizing several federal agencies. The 132-page report covers government-wide reorganization proposals that could have major impacts on the real estate industry as the report stakes out the administration's positions calling for more private sector involvement in managing the government's real estate. Among other...
Amazon’s London Hub on the Block for $412 Million
Fri, 22 Jun 2018 03:49:33 GMT
Pictured: 60 Holborn Viaduct, EC1. LONDON -- Hines has instructed Cushman & Wakefield and Knight Frank to sell the building in London’s Midtown for a net initial yield of 4% - a capital value of US $1,744 (£1,315) per square foot. The asset, at 60 Holborn Viaduct, EC1, is expected to tick all the boxes for a number of investors currently circling the London market. The freehold building is let to Amazon, the world’s largest online retailer by...
Hot Hotel Selling Season: Three Chicago-Area Hotels Sold; Another on the Block
Fri, 22 Jun 2018 02:23:05 GMT
Pictured: The James Hotel, acquired earlier this month by Junius Real Estate Partners in an $83.1 million deal.Hotel properties in downtown Chicago and the suburbs have been changing hands and refinancing loans as the industry has enjoyed a prosperous streak this year, thanks to record tourism numbers and robus
NJ-Based Net Lease REIT Raises $455 Million in IPO
Fri, 22 Jun 2018 11:48:14 GMT
Cushman & Wakefield isn't the only commercial real estate firm testing the public markets this week. Essential Properties Realty Trust, Inc., a real estate investment trust that owns and manages triple-net, single-tenant commercial properties, raised $455 million by offering 32.5 million shares at $14. The $14 per-share offering was at the low end of what the company hoped to raise, which was net proceeds of $542.7 million at $17 a share. The shares...