Global Real Estate Investment hits $604B for 2011

2011 Investment is reported to have reached the second highest in the last 10 years.


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Tech Companies Move to the Tenderloin

It's no secret that the growth in technology business has boosted the San Francisco office market, but now that growth is spilling over into the Tenderloin. The area received it's first notable boost when Twitter Inc. announced plans to relocate its heardquarters. Now a quasigovernment agency known as California's State Compensation Insurance Fund is taking advantage of the surge in interest by planning to sell its 17-story former headquarters at 1275 Market St.

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Developer Kushner Finds Help

Developer Jared Kushner has reached a tentative deal to rescue his investment in 666 Fifth Ave in Midtown New York City. He bought the office tower for a record-high of $1.8 billion but struggled with a heavy debt load. Right Kushner reached an agreement with LNR Property Corp. on the outlines of a deal that would allow him to hold the tower by modifying the $1.2 billion morgage tied to the office portion of the building.

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China Property Bubble Deflating

According to an article form the Wall Street Journal, China's property bubble has started to deflate. Residential prices are heading down in major cities which has stared to dampen real estate speculation and raises the prospect that the Chinese economy may slow more rapidly than predicted. Real estate has been the foundation of China's growth over the past two decades and its health is crucial to the construction, steel, and cement sectors. It it also a favored investment for people looking to get a better return than a bank deposit.

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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Chinese Online Retailer 360buy.com Attracts Investors

360buy.com is the biggest business to consumer website in China, so it is no surpirse that this company is attracting big time investors. Most recently Robin Li, founder and CEO of Chinese search engine giant Baidu.com (as well as the richest man in mainland China), has chosen to invest in the growing company. Other investors in 360buy.com include the Walton family, who controls Wal-Mart Stores Inc, and Digital Sky Technologies, the Russia-based internet investment group that owns stakes in Facebook and Groupon. At the end of last month 360buy.com was valued at about $10 billion dollars. Clearly they're doing something right. Post your comments below.

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Mobile Home Parks: A Stable Investment?

Warren Buffet is known for loving all things low in cost but high in value, and mobile home parks seem to fit the criteria. Buffet is the largest owner of mobile home manufacturing and financing in the United States, and there is a reason why. He sees the lower end of the market as a stable investment.
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CalPERS: New Strategic Plan Would Refocus Portfolio on Core U.S. Properties

CALPERS has done an abysmal job of investing and timing real estate investments. This could be another one of those timing issues. Click here

Fortress Takes Over San Francisco's Villas Parkmerced

Fortress Takes Over San Francisco's Villas Parkmerced Fortress Investment Group has taken over the owership entity of San Francisco's Villas Parkmerced apartment complex, after acquiring the mezzanine debt against the 3,221-unit property...read more.

The Implications of a Falling Euro

Implications of a falling Euro could mean less foreign investment in U.S. real estate. The impact hopefully will not limit investment from the Asian sector.
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Latitude 38 Group

We are a team who focuses on a no-nonsense approach toward brokerage and investment real estate. Put simply, we work toward the highest probability toward getting the deal done.

- Strong straight forward relationships
- Sourcing great properties
- Real sellers and qualified buyers
- Helping to structure and organize the capital stack
- Working hard to cover all bases