Commercial Real Estate Finance

Commercial Real Estate Week in Review-Week of May 23-29.

-What’s in the Senate Banking Bill? Read the full text here, and summaries here.

-Healthcare REITs get upgraded rating. Time to buy in?

-Welsh Property Trust’s new projection for their IPO is 17.5M shares at $19-21 per share.

-Banks are shoring up their balance sheets by selling their distressed debt in order to acquire failed competitors.

-Need a place to store your property assets? Do what Sun Healthcare Group is doing, create a REIT.

-Are New York REITs undervalued?

-Sunway City wants cornerstone investors to take 20% of IPO.

-Homburg (TSE: HCR.UN), a Canadian REIT, raises $160M in IPO.

-To tender or to convert? That is the question.

-HSBC (NYSE: HBC) acquires a building in Washington, DC for $209.2M.

-Pebblebrook Hotel Trust acquires Sir Francis Drake hotel in San Francisco for $90M.

-A Canadian pension fund replaces Goldman Sachs (NYSE: GS) as Related’s largest partner on development for Hudson Yards.

-Is commercial real estate lending picking up?

-Financial regulation bill has provisions in place to prevent a future mortgage crisis.

-Whiterock to raise $32M in equity offering in order to purchase $138M worth of property.