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Real Estate News, Trends and Analysis

Hines is forming a third publicly offered REIT to raise up to $2.5 billion for commercial real estate investments in the US and internationally. Private equity firms are accelerating hotel sales to take advantage of recovery in lodging demand and high stock prices. Real estate contributed to 3.5% economic growth in South Florida last year, the sharpest increase since 2006, led by the real estate sector. Westfield sold seven US malls totaling over 7.9 million square feet to Starwood Capital for $1.64 billion.

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47 views1 page

Real Estate News, Trends and Analysis

Hines is forming a third publicly offered REIT to raise up to $2.5 billion for commercial real estate investments in the US and internationally. Private equity firms are accelerating hotel sales to take advantage of recovery in lodging demand and high stock prices. Real estate contributed to 3.5% economic growth in South Florida last year, the sharpest increase since 2006, led by the real estate sector. Westfield sold seven US malls totaling over 7.9 million square feet to Starwood Capital for $1.64 billion.

Uploaded by

GSTwitter
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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REAL ESTATE NEWS, TRENDS AND ANALYSIS

Tuesday, September 18, 2012

DEALS Hines Forming Third Public REIT, Seeking to Raise $2.5 Billion
CoStar Group; September 18, 2013

TRENDS AND ANALYSIS Blackstone Seeks IPOs as Hotel Sales Climb: Real Estate
Wall Street Journal; September 12, 2013

Hines Interests LP is going back to the U.S. stock markets to raise funds for new globally focused investment REIT. Hines Global REIT II Inc. has filed registration paperwork to raise up to $2.5 billion to invest in a diversified portfolio of commercial real estate properties and other real estate investments throughout the United States and internationally. This would be Hines third publicly offered REIT [READ MORE]

Private-equity firms are accelerating sales of hotels to take advantage of a recovery in U.S. lodging demand and stock prices close to record highs. Hotel-property transactions jumped 47 percent to $14.1 billion this year through July in the U.S., according to Real Capital Analytics Inc [READ MORE]

South Florida economy growing at 3.5 percent, thanks to a real-estate surge


Miami Herald; September 18, 2013

Westfield Sells Seven More Malls to Starwood Capital for $1.6B


CoStar Group; September 17, 2013

Real estate, once again, can be found at the head of South Floridas economic pack. New output numbers released Tuesday show real estate as the No. 1 contributor to economic growth last year, accounting for 31 cents of every new dollar added to the tri-county areas $274 billion economy. Overall, the economy grew by 3.5 percent, the sharpest increase since 2006 and well ahead of the national metropolitan average of 2.5 percent [READ MORE]

The Westfield Group, seeking to dispose of non-core assets to fund new development, has agreed to sell a majority interest in another seven U.S. shopping centers to an affiliate of Starwood Capital Group for $1.64 billion. Sydney, Australia-based Westfield will retain a 10% stake in the malls in California, Ohio, Washington state and Indiana totaling more than 7.9 million leasable square feet. [READ MORE]

Real estate sales propelling economic surge in Twin Cities


Minneapolis Star Tribune; September 18, 2013

Greystone Closes $117M Affordable Housing Loan


GlobeStreet; September 17, 2013

MIAMIMultifamily mortgage loan provider Greystone just closed a $117 million transaction in Georgia. WWJ, LLC an affiliate of Boyd Management, secured the financing for the acquisition and rehabilitation of 44affordable housing properties with 1,362 units that serve low-income households in 30 counties across the state. Domain Apartment Property Sells for $103M [READ MORE]

The Twin Cities economy grew at its fastest pace in nearly a decade last year, and real estate was the big driver. The U.S. Commerce Department reported Tuesday that real GDP, the total value of goods and services adjusted for inflation, grew by 3.9 percent, adding more than $7 billion in economic activity. Almost a third of the growth was in real estate, rentals and leasing, thanks to an improved housing market and low rental vacancy [READ MORE]

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