Archstone Sale Likely to go for a Huge Price

The Archstone Portfolio is an amazing collection of multi-family assets. Probably as good a portfolio of this scale and quality that will come up over the next decade.

Singapore and Blackstone Compete for Japan Property

Global Logistic Properties, LTd., majority owned by Singapore's sovereign-wealth fund, is in final negotiations to acquire a Japanese real estate portfolio worth up to $1.7 billion. Private-equity firm Blackstone Group is also in close competition with GLP to acquire the portfolio. This could be the biggest property deal in Japan in two years.

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Portland's Multi-Family Market Turning Heads

Many investors are buzzing about about Portland's multi-family market and many currently see it as the hottest U.S. market. Within the last six months there have been 14 trades in Portland. Of the l4 trades, five have been over $30 million and two have been for more than $70 million. According to market-research, vacancy rates are below 4% and are expected to fall to 3.4% by the end of the year while effective rents are expected to grow 5.6% this year.

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Largest Multi-Family Asset in East Bay Acquired

It was announced yestersday that Kennedy Wilson, international real estate investment and services firm, and its partners acquired Bellavista at Hilltop. The property is a 1,008-unit multi-family community in San Pablo, CA. The property was purchased for $140.5 million and is the largest single multi-family asset transaction in the U.S. thus far in 2011. The transaction also represents the largest single multi-family asset acquisition in Kennedy Wilson's history.

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Hotels Lure Investors as Lodging Surpasses U.S. Offices, Retail

Hospitality appears to be priced well enough that buyers are acquiring aggressively. http://www.bloomberg.com/news/2010-09-09/hotels-lead-u-s-property-deals-...