An array of market forces in the healthcare sector has challenged owners of senior housing and care properties. The challenges are occurring at a time when demographics would appear to favor investment in such property as the U.S. population ages and baby boomers begin to retire in ever-larger numbers.
However, declining occupancies, the ongoing boom in new supply and decreasing reimbursement rates has created a market shift in the investment…
Ivanhoe Cambridge, Inc., the real estate investment arm of Canadian pension fund manager Caisse de dépôt et placement du Québec, and its U.S. partner Callahan Capital Properties have acquired the remaining 51% interest in the 6 Hudson Square office building at 330 Hudson St. in New York City.
Beacon Capital Partners sold its majority position in the asset for $169.32 million in a deal that valued the property at roughly $332 million, or about…
A joint venture between Rubenstein Partners LP and Onyx Equities LLC sold the office building at 30 Montgomery St. in Jersey City, NJ to American Realty Advisors for $101 million, or about $320 per square foot.
The 16-story, 315,385-square-foot boutique office building was built in 1973 on six-tenths of an acre in the Hudson Waterfront submarket, within one block of NJ Transit’s Exchange Place / PATH station.
Rubenstein acquired the asset…
(UPDATE | July 1, 2016): Hudson Pacific Properties, Inc. has closed on its previously-announced acquisition of its Los Angeles, CA headquarters building at 11601 Wilshire Blvd., paying $311 million, net of credits, prorations and closing costs, to The Blackstone Group LP. Hudson Pacific will immediately begin to lease-up and renovate the asset, currently 83-percent occupied.
“11601 Wilshire Boulevard is a landmark property at the gateway…
Housing Policy: Handicapping Brexit
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“Winners and Losers”
The world has now had a couple of weeks to get over the shock of Brexit or the decision of Britain to exit the European Union. As week-three begins, global equity, debt and currency markets have stabilized. What does Brexit mean for the US mortgage and real estate markets for the next few months?
Here’s a quick rundown on potential winners and losers in the mortgage and real estate industries.
Winners
The US Mortgage industry. That’s because the flight to safety ...
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2016
National Foreclosure Inventory Down 25 Percent Year Over Year
- The foreclosure inventory fell 25 percent year over year in May 2016.
- The inventory of mortgages in serious delinquency fell 21.6 percent year over year in May 2016.
- All states except North Dakota had a year-over-year decrease in the serious delinquency rate, but the increase was minimal.
The national foreclosure inventory – the number of loans in the foreclosure process – fell 24.5 percent year over year in May 2016, according to the latest ...
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2016
5 vital tips for first time homebuyers
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Take these steps to smooth the homebuying process, especially if you’re a rookie.
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2016
3 ways to refinance into a VA home loan
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If you qualify, a Veterans Affairs mortgage may be a great way to snag a low rate.
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2016
A reader named Oscar notices that mortgage rates are near all-time lows. He asks: Mr. Lewis, what about people with less than a year-old loan — a 30-year fixed at 4%? Probably refinancing at 3.25%. Would it be worth the time on line in the bank? That’s a $174 monthly payment difference. Based on what
Many borrowers tap their equity to pay for things such as home improvements.
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2016