Joe Kelly's (bridge-loan) Blog

Colony Capital LLC, an entity of Colony Realty Partners, closed on its acquisition of a 10-story, 231,928-square-foot office building in Falls Church, VA, for $74.23 million. Read more on this story fromCostar here------------------------------------------ You can instantly receive news updates l...

New data points are painting a picture of slowly moderating pain in commercial real estate. Read more on this story fromWall Street Journal here------------------------------------------ You can instantly receive news updates like this via the RSS feedfor the main blog on our website.On our blog ...

Developer Posts a Narrower Third-Quarter Loss as It Takes Pains During Earnings Call to Dispute Hedge-Fund Manager. Over the past few years, St. Joe Co., one of Florida's largest landholders, has battled hurricanes, the housing crash and, more recently, the Gulf oil spill. Now, it is up against h...

The Milken Institute, an independent economic think tank, released its annually updated Best-Performing Cities index and cautions this year that in the midst of a severe national recession any best-performing city should be viewed as one that was able to minimize job losses and economic dislocati...

Healthcare Trust of America, Inc. has agreed to acquire a nine-building medical office portfolio in New York, Massachusetts and Florida for about $196.6 million. Read more on this story fromCostar here------------------------------------------ You can instantly receive news updates like this via ...

Maybe it is time we start taking bankers at their word that commercial real estate wasn't and isn't a catastrophe waiting to happen. Read more on this story fromCostar here------------------------------------------ You can instantly receive news updates like this via the RSS feedfor the main blog...

Vornado Realty Trust, one of the nation's largest commercial landlords, reported a 26% decline in third-quarter profit, but the results were stronger than expected as the company benefited from higher rents and occupancy levels at its retail properties Read more on this story fromWall Street Jour...

Mall Owner, Thwarted on GGP, Posts Growth, Keeps Eye Out.  INDIANAPOLIS—Healthy quarterly results at Simon Property Group Inc., the largest U.S. shopping-mall owner, underscore a nascent mall-industry recovery after two years of recession-induced struggles. But with the economy still tepid, robus...

Real-Estate Investment Trust Invests in a J.C. Penney Stake After Being Disappointed by Offerings in the Property Realm. Two years ago, Vornado Realty Trust Chairman Steven Roth, one of the biggest deal makers in the commercial-real-estate industry, suggested that he wanted to get out of the busi...

Sandeep Mathrani, selected last month as the new chief executive of mall owner General Growth Properties Inc., is getting a sizeable raise to join his new employer. Read more on this story fromWall Street Journal here------------------------------------------ You can instantly receive news update...