Commercial Real Estate
Top stories summarized by our editors
1/20/2017

The Stoxx 600 Real Estate Index, which tracks European property stocks, is about to fall below a technical threshold that has acted as a support since the 2009 crash. Rising bond yields and the uncertainty around Brexit are among the reasons.

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Bloomberg
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Real estate
1/20/2017

President Donald Trump's first actions reportedly will be to direct federal agencies to cease rule-making for Obama-era regulations. He is also expected to roll back regulations set to go into effect in the near future, including a possible six-month delay for the so-called fiduciary rule and cuts to the Federal Housing Administration's annual mortgage insurance premiums.

1/20/2017

Tier REIT sold two office properties in Burbank, Calif., and Philadelphia and bought out its partners' interest in two Austin, Texas, office properties. The deals, which totaled $217.7 million, were aimed at narrowing the REIT's focus on its target markets.

1/20/2017

The hotel cycle is currently at the point where supply has been increasing while demand has not been as strong, says LaSalle Hotel Properties CEO Michael Barnello. "The best part about that is the cycle will turn ... and we'll be able to see the growth that we really enjoy," he says.

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REIT.com
1/20/2017

General Growth Properties will change its name to GGP effective Jan. 27. The retail REIT filed name-change documents this week.

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General Growth Properties
1/20/2017

General Growth Properties, which controls 100 million square feet of retail space, will change its name to GGP as of Jan. 27. The company owns 126 properties and is one of the largest A-level shopping center owners in the US.

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ChainStoreAge.com
1/20/2017

Pennsylvania Real Estate Investment Trust (PREIT) has closed on the sales of two shopping centers, Beaver Valley and Crossroads malls, for $49 million. The Pennsylvania malls were the last of PREIT's non-core centers.

1/20/2017

Grocery store-anchored 11 Galleria, in Greenville, N.C., will be sold to Slate Retail REIT for $14 million. The 109,000-square-foot property is 78% occupied and features The Fresh Market and Dick's Sporting Goods.

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Dick
1/20/2017

Chicago's Broadway at Surf shopping center has been sold for an undisclosed sum. The 134,285-square-foot property, previously owned by Invesco, is 97.3% leased.

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Invesco
1/19/2017

Starwood Capital Group will acquire Milestone Apartments REIT in a deal valued at $2.85 billion. The cash-for-stock deal, which works out to about $120,000 per apartment unit for Milestone's 24,000-unit portfolio, is expected to close in the second quarter of 2017.