Joe Kelly's (bridge-loan) Blog

MetLife Inc., the biggest U.S. life insurer, said earnings will climb in 2011 after the firm bought a non-U.S. business from American Inte-rnational Group Inc. Read more on this story fromBloomberg here------------------------------------------You can instantly receive news updates like this via ...

Walter Rakowich, chief executive officer of ProLogis, discusses de-mand for industrial space and the U.S. commercial real estate market. Read more on this story fromBloomberg here------------------------------------------You can instantly receive news updates like this via the RSS feedfor the mai...

U.S. thrifts increased profits in the third quarter, recording a fifth straight gain as lenders recover from losses on home mortgages and commercial real estate stem-ming from the 2008 credit crisis. Read more on this story fromBloomberg here------------------------------------------You can insta...

Citigroup Inc., the third-largest U.S. bank by assets, reorganized a comm-ercial real-estate business it plans to sell, with 30 employees moving to JP-Morgan Chase & Co. Read more on this story fromBloomberg here------------------------------------------You can instantly receive news updates like...

Brookfield Properties Corp. (NYSE: BPO) recently closed on another trophy office property, this time the 53-story, 1.15 million-square-foot Heritage Plaza building in the central business district of Houston. Goddard Investment Group LLC, an Atlanta-based firm, sold the tower at 1111 Bagby St. fo...

Norfolk, VA-based Harbor Group International (HGI) has acquired 1412 Broadway in the heart of Mi-dtown Manhattan for $150 million, or $375 per square foot, from Murray Hill Properties, LLC. Read more on this story fromCostar here------------------------------------------You can instantly receive ...

Reversing two months of increasing commercial real estate prices, all three of CoStar's "headline" Comm-ercial Repeat-Sale Indices decreas-ed in October, continuing the recent see-saw performance of commercial real estate pricing, according to CoStar Group's newly released Commercial Repeat-Sale ...

First Potomac Realty Trust purchased an eight-story, 137,754-square-foot office building at 1211 Connecticut Ave. in Washington, DC, from Harbor Group International for $49.5 million, or nearly $396 per square foot. Read more on this story fromCostar here------------------------------------------...

A Dallas-based energy company and four institutional investment partners from the U.S., Japan and Canada have formed an alliance to launch the nation's first two REITs trading in U.S. electricity and gas transmission and distribution pro-jects. Some financial analysts say such infrastructure REIT...

Centro NP Residual Holding LLC, jointly owned by Centro Properties Group and Centro Retail Trust, sold a portion of its interest in 25 shopp-ing centers to, and entered into a joint venture in respect of those sh-opping centers with, Inland American CP Investment LLC, a wholly owned subsidiary of...