RealStake

The 2006 Grubb & Ellis commercial real estate forecast is out and they see growth in many North American markets. The Kansas City office market is expected to see positive net absorption, while right up I-70 the St. Louis market is expected to see lots of new space leased with old space vacated - lots of activity but low net absorption. The Wichita market is expected to see growth in medical office space. In Miami and Orlando job growth is expected to fuel the office market through 2006 and into 2007.

Keep reading →

Morgan Stanley Real Estate and Lane Company have entered a $150 million joint venture aimed at apartment acquisitions, condo conversions and new multifamily development in the Southeast. The company will be focusing on high quality apartment investments in good locations throughout the Southeastern US.

Keep reading →

Anekona Properties is doing a condo conversion on the Kauai Beach Resort with a $76 million loan from Fremont Investment & Loan. The 12-acre property will have 350 condos with prices of $249,000. 60% were presold.

Keep reading →

Investor's Business Daily has a piece on pitfalls to watch out for in tenant-in-common or TIC investing.

Keep reading →

America First Apartment Investors, Inc. has sold the 15-building, 259-unit Orlando apartment complex, the St. Andrews at Westwood, for $33 million in a 1031 like kind exchange. America First is reportedly shielding a $20 million gain using the 1031 exchange, which may involve reinvesting in a more affordable market in the Southeast or Midwest.

Keep reading →