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Commercial News for 10/5/15

WSJ.com: Commercial Real Estate

NAMA Sells Dublin Real-Estate Loan Portfolio
The National Asset Management Agency said it sold a real-estate loan portfolio to U.K. property company Hammerson and the real estate arm of German insurer Allianz for $2.1 billion.

Thor to Start Construction of Houston Project in October
The oil slump has cooled Houston?s once-scorching economy, but New York developer Joseph Sitt is diving in anyway.

Activist Pressure Prompts Lone Star to Boost Offer for Developer
Lone Star Funds raised its offer for Quintain Estates & Development, which plans to develop a site around London?s Wembley Stadium, after pressure from activist hedge fund Elliott Associates.

Manhattan Apartment Prices Slip
Experts attribute the decline partly to uncertainty about the world economy, especially China

Big Landlords to Merge, Betting on Rising Rents
Two big owners of single-family rental homes?Starwood Waypoint and Colony American?have agreed to merge, a bet that rents will keep rising and homes will remain difficult for many Americans to buy.

Toll Brothers, Lennar Bullish on Apartment Rentals
Two of the largest U.S. home builders are redoubling their push into the rental-apartment market, despite concerns the red-hot segment is getting overbuilt.

Tech Hot Spots Fetch High Prices
The property known as Market Square, home to Twitter?s headquarters in San Francisco, is one of a growing handful of low-slung former industrial buildings that are drawing prices on par with top-quality office towers.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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