According to Rene Circ, director with research firm CoStar Portfolio Strategy, now may be a good time to sell industrial portfolios since large institutional players entering the sector are, in essence, willing to pay double premiums on such deals.
Digital Realty, a San Francisco-based real estate investment trust with a market value of $24 billion, could invest in Ascenty alongside a joint venture partner.
The property, which includes apartments, stores and space rented to the British International School of New York, is owned by Richard Ravitch, a former New York lieutenant governor.
Notes from the Federal Reserve’s June meeting show officials plan to end stimulus growth measures, reports the Wall Street Journal. Forbes looks at cell tower REITs. These are among today’s must reads from around the commercial real estate industry.
