Monday, January 21, 2013

Linkage for the Lazy

Ladies and gents, enjoy the link-fest below:
  1. Goldman Sells $750M in Junior Loans on Hawaiian Portfolio - Deal Journal
    1. Abu Dhabi Inv., Canada Pension Plan Inv. Board, and Athene Annuity & Life (owned by Apollo) were the buyers.
  2. Sony Selling U.S. Headquarters Building for $1.1B - Reuters 
    1. Apparently, this is one of the rare times that Sony has been able to make money in the past few years. I really dig  The Brooklyn Investor's arguments as to why Sony is stuck.
  3. BRE Properties Is Possibly In Play - WSJ Developments
  4. Lennar Expanding into Apartments - Bloomberg
    1. Lennar has been doing a lot of things right over the past few years.  
  5. Toll Brothers Playing Follow the Leader - WSJ 
    1. How cute. "Suburban Builder Sees Growth in City Living; 'Tired of Mowing the Lawn.'"
  6. Tishman Speyer in the News, And It's Not Bad This Time - WSJ
    1. Apparently they have learned their lesson.  Less leverage equals less pain in a downturn.
      1. For the uneducated, The CRE Review has been chronicling the Stuy Town Saga for quite some time now.
Yes, the single-family rental rating drama is still playing out and I'll comment on that soon.  In addition to CBS spinning off it's billboards into a REIT and a write-up on RLJ Lodging.

Until then, enjoy the holiday.

*Hat-tip to reader 'Carte Tranche' for the link on Sony's US headquarters*

~Jingle Male


crabsofsteel said...

Tishman just got 2 gifts from a special servicer on 2 Atlanta offices they own, forgiving 59mm in debt in exchange for 20.4mm of new equity on which they will earn 12%. Can I be a CMBS borrower, please?

Jingle Male said...

@ Crabs