Beacon Capital Wins Bidding for 14 U.S. Office Buildings

Charter Hall Office REIT in Sydney, Australia, executed binding contracts to sell its interest in 14 U.S. office buildings for $ 1.71 billion to entities affiliated with Beacon Capital Partners LLC. The gross sale price represents a $ 35 million (or 2%) premium to the Dec. 31, 2010, b
Read More

Seaport Real Estate Continues to Trump Overall U.S. Industrial Market in 2011

Despite ongoing economic unrest, port properties have enjoyed a stellar year. According to Jones Lang LaSalle’s third annual Port, Airport and Global Infrastructure (PAGI) report, commercial real estate in the markets surrounding the country’s seaports is leading the U.S.
Read More

U.S. Hotel Construction Pipeline Drops 10% from Last Year

According to the July 2011 STR/McGraw Hill Construction Dodge Pipeline Report, the total active U.S. hotel development pipeline comprises 2,990 projects totaling 323,070 rooms. This represents a 10.1-percent decrease in the number of rooms in the total active pipeline compared to July
Read More