Entries by admin525938707

Which Office REITs Stand to Gain the Most from Amazon’s HQ2 Choice?

In economic development circles, today’s most popular guessing game centers on where e-commerce goliath Amazon will put its highly coveted second headquarters. Will it be in Washington, D.C.? Or will Atlanta win the Amazon derby? And how about Boston? In all, 20 finalists—encompassing 16 U.S. metro areas in addition to Toronto—are vying for Amazon HQ2, […]

CMBS Lenders Are Hungry for Deals

Despite the surge in CMBS issuance in the first quarter, lenders are continuing to scramble to find deals in a market where the pie is shrinking along with the dwindling supply of loan maturities. According to Commercial Mortgage Alert, an industry newsletter, U.S. CMBS issuance during the first quarter spiked 39 percent to $19.4 billion […]

Rich Turn to Crowdfunding for Properties From Offices to Hotels

(Bloomberg Markets)—Real estate fund managers Michael Episcope and David Scherer had Georgia on their minds—specifically, Atlanta. The city, part of the third-largest-gaining metro area in the U.S. last year, according to Census Bureau data, was only getting hotter. So when the co-founders of real estate investment company Origin Investments spotted an opportunity last year to […]

WeWork Joins Rush to Debt Market With Big Plans, Little Cash

(Bloomberg)—WeWork Cos. is tapping the bond market for the first time, seeking $500 million to help finance its aggressive global expansion. The co-working space company backed by SoftBank Group Corp. joins a wave of high-flying, but cash-burning, tech firms tapping debt markets just as interest rates start to creep higher. Uber Technologies Inc. in March […]

Reality Sets In at Lampert’s Sears, With Another $1 Billion Due

(Bloomberg)—Few people on Wall Street believe in Eddie Lampert like Eddie Lampert. Thirteen years after merging Sears, one of America’s most iconic retailers, with the budget Kmart chain, the hedge-fund billionaire is moving — again — to salvage what he can. His latest plan, announced Monday, would have his ESL Investments Inc. buy Kenmore, Sears’s […]