Commercial Real Estate Week in Review for the week of December 11 to December 17.
-REITs are poised to benefit from both negative and positive trends in CRE.
-Charter Hall REIT is selling a 60% stake in their U.S. retail portfolio.
-Capital Shopping Centers rejected an offer from Simon Property Group.
-First Potomac acquired an office building in Washington D.C. for $49.5 million.
-Bank of Japan will begin purchasing Japanese REITs from a $60 billion pool.
-HCP will acquire 338 nursing homes from HCR ManorCare for $6.1 billion.
-Chesapeake Lodging Trust will acquire Le Meridien San Francisco hotel.
-W.P. Carey & Co. will merge two of its nontraded REITs.
-Opportunistic investors capitalize on struggling hotel owners.
-Chicago's Hyatt Center will be acquired by Irvine Co. in a $625 million deal.
-Japan's real estate, despite its declining prices, attracts new Asian investors.
-Bank of Japan bought its first round of REITs for its asset-purchase program.
-The outlook for REITs in 2011 is stable, according to Fitch Ratings.
-Multifamily REITs are set to grow 4.6% next year, according to KBW.
-PS Business Parks acquired part of a Virginia office park for $140 million.
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