Real Insight. Real Estate.

The Week of July 4-10

-Apparently CBRE does want you to think about the environment before printing those emails.  They have submitted 225 buildings for LEED certification.

- Deutsche Bank is selling 825 Eight Avenue after all.

- A bankrupt lender has accepted funding that will pull them from the icy grip of Chapter 11.

- A mixed use property in London has fetched a 122 million Euro price tag.  What’s the conversion rate again?

- France is aiming to capitalize on its nearly 50 billion Euro’s worth of state assets.

- Vornado Realty Trust is making a big bet on distressed properties.  How Big?  They are raising a billion dollar fund.

- So you say the hotel sector is in a slump?  A $90 million dollar hotel transaction in San Francisco says otherwise.

- Self-storage distress?  There’s a new firm to help.

- There’s a helluva nice new building in Sacramento…but talk about bad timing for delivery.

- A downtown Palm Beach retail center was hit with a $138 million dollar foreclosure.  Ouch!

- Two major CRE players were pre-approved in a JV for the government’s much anticipated PPIP program.

- Opus’ West and South filed for Chapter 11, Opus East for Chapter 7…and yet it just keeps getting uglier for Opus.

- Is the bid-ask gap shrinking in the private sector?

- How much distress can 1 city have? Try $9 billion worth.

- And here’s one final topic near and dear to Llenrock’s heart.

If you enjoyed this post, make sure you subscribe to my RSS feed!