The Battle of the Bids allowed real estate investors and brokers to test their feel for the CRE market by guessing the final price of properties trading through online auction.
The companies are in discussions regarding a transaction that values Blair at $1 billion or more. The transaction hasn’t been finalized, and talks could still fall apart.
Ortega family investment company Pontegadea bought five logistics centers in the US states of Tennessee, South Carolina, Virginia, Pennsylvania and Texas from Realty Income Corp. for about $722 million.
The pandemic supercharged home sales, but aggressive rate hikes by the Federal Reserve have caused the business to sputter and led to job cuts across the industry.
As rates rise and economic growth projections get murkier, what are commercial real estate investors doing to raise capital and reach their desired returns?
Publicly-traded REIT funds from operations hit a new record at $19.6 billion in the second quarter and are now 22 percent higher than pre-COVID levels.
Murphy also said he is confident New Jersey won’t have to put more taxpayer money into the American Dream megamall project in order for it to survive. “I’m confident to say that I think this thing is turning the corner,” Murphy said.
The diversity represented at the decision-making table is a different imperative than filling lower-level seats simply to check a box in the name of a mission statement.
Real estate investment companies are facing a daunting task when it comes to properly reporting on vast quantities of data across environmental, social and governance factors. Here’s how technology can help.
