Commercial Real Estate Finance

Posts Tagged ‘Toll Brothers’

Last fall, Philadelphia-based Brandywine Realty Trust (NYSE: BDN) raised a few eyebrows when it announced a new joint venture with luxury home builder Toll Brothers (NYSE: TOL). Since it’s known as an owner/operator of office properties in the Mid-Atlantic (and to some extent Texas and California), the REIT’s decision to embark on a major multifamily venture in the suburbs suggests the company has realized the current limitations of the office sector since the real estate downturn.

The foray into multifamily is a reassuring move from an investors’ perspective. Since markets and asset types vary so widely, a little diversification within a REIT’s portfolio seems ideal for any stability-minded investor. Since Brandywine brought Toll Brothers on board (which itself is venturing into newish territory by developing apartments), the REIT has an experienced partner for the project. This is essential, since inexperience is a common liability when diversifying.

Now, Brandywine is upping the ante, moving from the mainstream–multifamily–to something more specialized: student housing. Read the rest of this entry »

Week in Review for September 15 – 21:

- The Pennsylvania State Employee’s Retirement System (PennSERS) chooses Lowe Enterprises Investors to oversee its $500 million real estate portfolio. The pension’s portfolio is comprised of 28 properties in the Northeast, Florida, and Texas, reports CoStar.

- Citing the limitations of its previous structure, W.P. Carey & Co. (NYSE: WPC) announces its conversion to a REIT structure at the end of this month.

- Meanwhile, two Washington, DC-area REITs, Chesapeake Lodging Trust (NYSE: CHSP) and Washington Real Estate Investment Trust (NYSE: WRE) have worked to raise large amounts of capital through public offerings. Chesapeake attempted to raise $115.2 million, while WRIT’s goal was $300 million.

- In Berks County, PA, the Bon-Ton renews its 158,365 SF lease at the Berkshire Mall. This is the largest Q2 retail lease reported for the Greater Philadelphia area.

- Soon after acquiring Sunrise Assisted Living, Health Care REIT (NYSE: HCN) announces its plans to sell Sunrise’s management division for $130 million, reports the Wall Street Journal. Read the rest of this entry »

Toll Brothers (TOL) CEO Douglas Yearly discusses current data on the housing market:

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Excitement over multifamily investments continues. Home building analyst Stephen East discusses the outlook of multifamily developers such as Toll Brothers (TOL) and KB Homes (KBH):

#CRE #finance

Douglas Yearly, CEO of residential and commercial development giant Toll Brothers (NYSE: TOL) discusses the state of the market:

A consumer spending survey brings good news to the retail sector: Read the rest of this entry »

Week in Review for November 19-25

-Black Friday crowds a good sign for the retail sector

-Pennsylvania Real Estate Investment Trust (NYSE: PEI) plans to redevelop Moorestown Mall in New Jersey in response to reversal on local liquor sales ban

-DivcoWest buys San Francisco tech district office complex from RREEF for $77.5 million

-J.P. Morgan (NYSE: JPM) to invest $40 million in Indian CRE development

-Western firms invest millions in Chinese mixed-use and retail projects Read the rest of this entry »

Bank of America (NYSE: BAC) is liquidating businesses and streamlining as part of an overall restructuring effort, but also to get conform to new proposed capital requirements.  An increase of 1-2.5% of total capital could be required for balance sheets in an effort to help stabilize the global financial system, but may have the adverse affect. Read the rest of this entry »

If the VIX drops below 15 is it a sign to buy or sell assets? Most of the commentators in this article suggest it’s a sign of positive momentum. Read the rest of this entry »

China’s decision to let the Yuan appreciate is a drain on global liquidity.While various legislative elements and the treasury have aggressively pushed China to revalue the Yuan, the Federal reserve has indicated that rates will stay low for a while.Unfortunately these policy goals are at odds and it leads to some confusion in the market place.

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Commercial Real Estate Videos of the Week-May 23-29

Chairman and CEO of Toll Brothers (NYSE: TOL), Robert Toll speaks about his optimistic outlook on the housing market noting that Toll Brothers has seen increases in demand for luxury homes in New England and the Mid-Atlantic states.

Kirby Daley, of the Newedge Group, talks about the potential problem on the horizon for China with all the bad loans that they have made in order to keep their economy going. Daley worries that since the rest of the world is not in a position to purchase the products they are producing they are going to end up with a pile of NPLs.