Joe Kelly's (bridge-loan) Blog

U.S. real estate investment trusts are selling shares to fund property acquisitions after using record cash from equity offerings last year to reduce debt and cover dividends. Read more on this story fromBloomberg here------------------------------------------ You can instantly receive news updat...

Blackstone Group LP, the world's biggest private-equity firm, said a $10 billion company buyout is possible with banks' growing willingness to lend, and that the real estate market is stabilizing. Read more on this story fromBloomberg here------------------------------------------ You can instant...

Raymond Mikulich, former co-head of real estate investments for Lehman Brothers Holdings Inc., will join Apollo Global Management LLC to run its North American property business, a person with knowledge of the matter said. Read more on this story fromBloomberg here--------------------------------...

Senior debt holders of Stuyvesant Town-Peter Cooper Village, Manhattan's biggest rental complex, plan to proceed with an Oct. 4 foreclosure sale after a judge blocked a rival group's move to take control of the apartments. Read more on this story fromBloomberg here--------------------------------...

In one of the largest office leases signed in Virginia this year, the Defense Intelligence Agency (DIA) signed a 523,482-square-foot, 20-year lease at Boston Properties' Patriots Park office development in Reston, VA. The group, a combat support agency to the U.S. Defense Department, will consoli...

Cole Credit Property Trust III Inc. agreed to purchase 100% of Albertson's interest in 33 retail properties comprising 1,916,854 million square feet throughout the U.S. for $276 million. Read more on this story fromCoStar here------------------------------------------ You can instantly receive ne...

The National Bureau of Economic Research -- the official referee of the economy -- announced this week that it determined that the recession ended and economic recovery began 15 months ago in June 2009. However, according to commercial real estate service providers, economic conditions for most A...

Banks Ramp Up Operations That Bundle Commercial Mortgages Into Bonds in Hunt for Returns, but Risks Remain.J.P. Morgan Chase & Co. has taken an early lead in the race among big banks to revive the business of originating and bundling commercial mortgages into bonds. Read more on this story fromTh...

Apartment Deals Jump 32% as New Inventory Hits Market; Distressed Sellers.Home buyers might be sitting on the sidelines, but multifamily-building sales are on the rise, reversing the slowdown that followed the financial market's collapse two years ago. Read more on this story fromThe Wall Street ...

Commercial real-estate prices dropped in July, with the Moody's/REAL All Property Type Aggregate Index decreasing 3.1%. It was the second consecutive month in which the index showed a decline of more than 3%. Read more on this story fromThe Wall Street Journal here--------------------------------...