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December 26, 2012
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  • Expect more CMBS growth in 2013
    2013 is looking relatively bright for CMBS. Current deals in the market are oversubscribed and investor demand, fueled by Treasurys' low yield, is very strong. Growth will be stronger in 2013, industry watchers predict. Morningstar (12/26) LinkedInFacebookTwitterEmail this Story
  Real Estate Marketplace 
  • Institutional buyers target smaller single-family home portfolios
    The early investors in the single-family distressed home market -- usually mom-and-pop or smaller firms -- are beginning to cash out of the asset class. Larger, institutional players are buying up these smaller portfolios in recognition of their value. The sellers of these portfolios often stay on as managers. "You've now got institutional funds saying, 'We're not going to do this on our own. We're going to trust the experience and knowledge of smaller companies that know their streets,' " said Eric Workman, vice president of sales and marketing for MACK. The Wall Street Journal (12/25) LinkedInFacebookTwitterEmail this Story
  • Manhattan landlords eye lucrative digital sign revenues
    One Times Square in Manhattan takes in more than $23 million a year in revenue, according to its refinancing documents. The building is largely empty, but digital ad revenues are flourishing because of its key location. Other building owners are tapping into this trend: Vornado Realty Trust is planning a new digital sign display at its Marriott Marquis hotel on 46th Street and Broadway. The Wall Street Journal (12/25) LinkedInFacebookTwitterEmail this Story
  • KBS REIT III buys Texas office for $46.3 million
    KBS Real Estate Investment Trust III is buying an office building in Irving, Texas, for $46.3 million. The building, called The Tower on Lake Carolyn, is 364,366 square feet. The seller is CBRE Global Investors, which acquired the building in April 2005. CoStar Group (12/24) LinkedInFacebookTwitterEmail this Story
  • Howard Hughes eyes changes for Pier 17
    Howard Hughes Corp. is moving forward with plans to transform Pier 17 in Lower Manhattan into an open three-story retail and entertainment center. Pier 17 was largely spared Superstorm Sandy's wrath because of its elevation. The proposed new structure will have a flat roof and glassy retail space that can accommodate two stores of 60,000 square feet. The New York Times (tiered subscription model) (12/25) LinkedInFacebookTwitterEmail this Story
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