The Lede
Top National News
Wells Fargo Heading $2.5B Stuy Town Acquisition Financing
Commercial Observer, Oct. 27, 2015--Balbi, Danielle Wells Fargo is taking the lead on roughly $2.5 billion in debt financing to Blackstone Group and Ivanhoe Cambridge for their joint purchase of Stuyvesant Town-Peter Cooper Village, two people familiar with the deal told Commercial Observer.
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Chinese Firms Vie to Buy Starwood Hotels
Wall Street Journal, Oct. 28, 2015--Wei, Lingling; Karmin, Craig
At least three big Chinese companies are competing to win Beijing's approval to bid for Starwood Hotels & Resorts Worldwide Inc., according to people with knowledge of the discussions, setting the stage for what could be the largest-ever Chinese takeover of a U.S. company.
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Sam Zell Edges Out of Apartments
Wall Street Journal, Oct. 26, 2015--Kusisto, Laura
Sam Zell has agreed to sell more than 23,000 apartments controlled by his real-estate company, Equity Residential, for $5.4 billion to Starwood Capital Group, the companies said.
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Multifamily Lending in U.S. Jumped 13 Percent in 2014
World Property Journal, Oct. 23, 2015
According to the Mortgage Bankers Association 2014 Report on Multifamily Lending, 2,876 different multifamily lenders that provided $195.1 billion in new mortgages for apartment buildings with five or more units.
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Brookfield Makes Big Bet on Brooklyn
Wall Street Journal, Oct. 27, 2015--Kusisto, Laura
Brookfield Property Partners is making its first venture into Brooklyn, buying a majority stake in two planned apartment towers on the New York City borough's waterfront, the company said.
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Four Ways the Tech Boom Has Changed NYC’s Real Estate Landscape
Huffington Post, Oct. 21, 2015--Susman, AronWhether you see the rapid growth of tech startups as a boom or a bubble, tech activity is higher than it's been since 2000 and has impacted the economies and landscapes of cities around the world. Here are four ways that tech companies are affecting NYC's real estate landscape.
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Who the Heck Works in This L Street Office? Big Brother?
Washington Post, Oct. 28, 2015--Kelly, John The CoStar Group's Field Operations Center directs 140 field researchers that spread out across North America noting every aspect of the real estate they encounter: the type of building, the size, the shape, whether there's a "For Lease" sign in a window.
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Dealmaker of the Week
People in the News
News and Trends
CRE Performance Steady in Third Quarter
Institutional-quality real estate returned 3.09 percent in the third quarter--1.22 percent income return and 1.86 percent capital appreciation return--comparable to its 3.14 percent second quarter return, said the National Council of Real Estate Investment Fiduciaries' Property Index.
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Boston: 10 Quarters of Office Growth and Counting
Greater Boston's office market closed its tenth straight quarter of growth, but at a much slower pace than the scorching second quarter, Transwestern reported.
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Small-Balance Lending Rebounds
Originations for commercial real estate loans under $5 million rebounded in the second quarter, reported Boxwood Means, Stamford, Conn.
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High Interest in Buying/Developing Hotels; Less in Selling Them
Investors show significant interest in buying and building hotels as the sector continues to thrive, reported Lodging Econometrics and the North American Tourism and Hospitality Investment Conference.
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M&M: Interest Rate Increase Will Not Harm CRE
The same positive economic trends moving the Federal Reserve toward increasing interest rates are lifting commercial real estate performance, reported Marcus & Millichap, Calabasas, Calif.
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