Week in Review for March 17 – 23:
– Kenedix, Inc. plans a $480 million IPO in Japan. The properties to be included in this offering are mainly residential assets in Tokyo. This is the first IPO of a Japanese REIT since 2007.
– Commercial real estate analyst says the industry is better prepared for a recession than it was a few years ago: “Having gone through the Great Recession I think everyone is much more cognizant of the signs,” he says.
– Growing tech companies bring good news to office real estate in some markets. Having different, often more flexible facility requirements than other companies, these Internet firms are expanding their offices while other companies shrink.
– As CMBS activity increases, Moody’s warns of growing risk for commercial real estate investors.