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Simon Bids for General Growth

Simon Bids for General Growth

Posted 02.16.2010 | Categories: Uncategorized | No Comments

Mall giant Simon Properties Group Inc. on Tuesday announced it has offered $10 billion to acquire struggling rival General Growth Properties Inc., possibly creating the largest U.S. owner of high-end malls. General Growth also has been negotiating with Canadian real-estate concern Brookfield Asset Management Inc. about Brookfield providing General Growth billions of dollars in capital to emerge from bankruptcy-court protection.

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REIT Outlook for 2010

Posted 02.08.2010 | Categories: Uncategorized | No Comments

Raising a record $24.2 billion in equity, REITs had a banner year in 2009, recovering spectacularly from their lows. The Vanguard REIT Index more than doubled between the spring of 2009 and January 2010. In spite of declining fundamentals across property types, REITs proved to be an attractive investment to investors.

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HAS ST. VINCENTS, NYC ALREADY DECIDED TO CLOSE?

Posted 02.06.2010 | Categories: Uncategorized | No Comments

BLACKSWAN Real Estate has learned from a reliable source that an offer in the “tens of million of dollars”  to purchase a non-essential building owned by St. Vincents was recently submitted to the Grant Thornton restructuring team currently managing the crisis. Furthermore, BLACKSWAN learned that the property in question in lower Manhattan had been marketed […]

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Surprising Strength in Long Island’s Warehouse Market

Surprising Strength in Long Island’s Warehouse Market

Posted 02.03.2010 | Categories: Uncategorized | No Comments

Landlords don’t typically expect to set leasing records in a severe economic downturn, but the Long Island industrial real estate market is proving to be a welcome anomaly. With a 4.5 percent vacancy rate that is the lowest of any industrial market in the country, Long Island’s 6,200 warehouses appear to be weathering the recession handily.

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U.S. Housing Market At Inflection Point: The “Old Normal” Will Not Be Part of Recovery, Says New Research From the Urban Land Institute

Posted 01.28.2010 | Categories: Uncategorized | No Comments

Report Cites Trends in Demographics, Consumer Behavior as Drivers of New Markets. As the U.S. economy recovers, emerging trends in demographics and consumer behavior will become major drivers of new housing opportunities, resulting in a residential market vastly different from the one that existed prior to the recession

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Senior Housing: Senior Quality Lifestyles Corporation Completes Mirador Land Purchase

Posted 01.25.2010 | Categories: Uncategorized | No Comments

Senior Quality Lifestyles Corporation (SQLC), in conjunction with Greystone Communities, Inc., recently announced the completion of the $1.5 million dollar land purchase for Mirador life care senior living community. SQLC purchased the 17 acres of land for Mirador and is scheduled for completion in 2011. The gated community, designed by Three Architecture and constructed by […]

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Tishman Venture Gives Up Stuyvesant Project

Tishman Venture Gives Up Stuyvesant Project

Posted 01.25.2010 | Categories: Uncategorized | No Comments

High-Profile Purchase of Manhattan Complex Collapses Under Debt Mountain

A group led by Tishman Speyer Properties has decided to give up the sprawling Peter Cooper Village and Stuyvesant Town apartment complex in Manhattan to its creditors in the collapse of one of the most high-profile deals of the real-estate boom.

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The Great Recession Continues

The Great Recession Continues

Posted 01.25.2010 | Categories: Uncategorized | No Comments

Americans haven’t been fooled by the Dow’s rise. What they see ahead are more taxes The December jobs report has doused the hope that we were at the beginning of a sustained economic recovery. The unemployment rate managed to hold at 10% in December only because of an extraordinary shrinkage in the labor force: Some […]

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BlackRock Acquires Helix Financial

Posted 01.19.2010 | Categories: Uncategorized | No Comments

BlackRock, the giant U.S. money manager, said Tuesday that it had acquired Helix Financial Group, a company based in Charlotte, North Carolina, that advises commercial real estate lenders. The addition of Helix will help flesh out BlackRock’s existing commercial real estate business, including BlackRock Financial and Financial Markets Advisory Group. “Since its founding in 2004, […]

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Healthcare: Centura Health in Colorado to Start First Stage of $120M Hospital in Summer

Posted 01.19.2010 | Categories: Uncategorized | No Comments

Centura Health is planning a $120 million hospital in Castle Rock, Colo., that will be built in stages, according to the Denver Business Journal. The 12-hospital system, which is jointly operated by Catholic Health Initiatives and Adventist Health System, plans to begin construction this summer. The first phase, worth $26.3 million, will include a 40,000-square-foot […]

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