News | EDGE Asset Management

National Real Estate Investor

January 14, 2012

by Oriah

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Adds, Clips, Great, Hartz, Mountain, Plaza, Tonnelle

TPG/CalSTRS LLC, an affiliate of Thomas Properties Group (NASDAQ: TPGI), concluded its sale of Brookhollow Central, an 806,004-square-foot, three-building property in Houston, TX. Parmenter Realty Partners, a Miami, FL-based commercial real estate company, acquired the assets for $ 71

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January 14, 2012

by Oriah

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806004SF, Houston, Office, Park, Sells, TPG/CalSTRS

Reuters – Asian shares rose to a one-month high and the euro clung near its strongest in a week on Friday as strong demand in Spanish and Italian debt sales tempered risk aversion ahead of another auction from Rome later in the day. Yahoo! News: Business News

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January 13, 2012

by Oriah

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boost, Confidence, Debt, Gain, Reuters, Sales, shares, Strong

UDR and MetLife have formed a $ 1.3 billion joint venture. National Real Estate Investor

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January 13, 2012

by Oriah

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Estate, Form, Joint, MetLife, Real, second, Venture

Vornado Realty Trust in Paramus, NJ, completed a $ 330 million refinancing of Eleven Penn Plaza, a 1.1 million-square-foot Manhattan office building. The 7-year loan bears interest at LIBOR plus 2.35%, about 2.64%. The loan amortizes based on a 30-year schedule beginning in the fourth

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January 12, 2012

by Oriah

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Bldgs, Manhattan, Money, Office, Real, Refinances, Vornado

National Real Estate Investor

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January 12, 2012

by Oriah

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22nd, Albanese, Completes, Corp, Development, purchase, Street, West

Private-equity kingpin Blackstone Group (NYSE: BX) made its latest foray into commercial real estate, joining forces with DDR Corp. (NYSE: DDR) in a deal to acquire a shopping center portfolio from EPN Group, an affiliate of Tel Aviv-based Elbit Imaging Ltd. The transaction, which is

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January 12, 2012

by Oriah

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$1.4B, Acquire, Blackstone/DDR, Portfolio, Shopping, Team

National Real Estate Investor

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January 11, 2012

by Oriah

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Cestero, Named, President, Rafael

National Real Estate Investor

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January 11, 2012

by Oriah

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Achieves, Avenue, Certification, Gold, LEED, Madison

Reuters – Asian shares made solid gains and the euro rose on Tuesday, but concerns over euro zone sovereign funding ahead of key auctions outweighed some optimism on the economic outlook elsewhere and kept investors cautious about taking riskier positions. Yahoo! News: Business

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January 10, 2012

by Oriah

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euro, Europe, even, Reuters, rise, shares, though, weigh, worries

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Hartz Mountain Adds Great Clips to Tonnelle Plaza

TPG/CalSTRS Sells 806,004-SF Office Park in Houston

Shares gain as strong debt sales boost confidence (Reuters)

UDR and MetLife Form Second Real Estate Joint Venture

Real Money: Vornado Refinances Two Manhattan Office Bldgs

Albanese Development Corp. Completes Purchase of 510 West 22nd Street

Blackstone/DDR Team Up to Acquire $1.4B Shopping Portfolio

Rafael E. Cestero Named President & CEO of CPC

535 Madison Avenue Achieves LEED Gold Certification

Shares, euro rise even though Europe worries weigh (Reuters)