Newcastle to Spin Off Seniors Housing Business into Separate REIT, plus regional news

June 17, 2014

NEWCASTLE TO SPIN OFF SENIORS HOUSING BUSINESS INTO SEPARATE REIT

NEW YORK — The Board of Directors of Newcastle Investment Corp. (NYSE: NCT) has approved a plan to spin off its seniors housing business into a publicly traded real estate investment trust that primarily targets seniors housing related investments. The new company will be called New Senior Investment Group and trade on the New York Stock Exchange under... More

SOUTHEAST
DURHAM INDUSTRIAL PORTFOLIO SELLS FOR $44.3M
DURHAM, N.C. — Crown Realty & Development has sold a five-building, Class A industri...more
EASTERN UNION ARRANGES FINANCING FOR $20M ...
NORTHMARQ ARRANGES $11.6M FINANCING FOR VC...
MHA BROKERS SALE OF MACON APARTMENT COMMUN...
AVISON YOUNG ARRANGES LEASE AT GROVES MEDI...
more news

NORTHEAST
GRAINGER PURCHASES LAND TO BUILD 1.3 MILLION SF FACILITY IN NEW JERSEY
BORDENTOWN TOWNSHIP, N.J. — Grainger has purchased 96 acres of land in Bordentown Townsh...more
HFF SECURES $50.6 MILLION REFINANCING FOR ...
CBRE/NE BROKERS SALE OF 108-UNIT METRO AT ...
HAP INVESTMENT ACQUIRES VACANT CORNER LOT ...
AVANT CAPITAL PARTNERS ORIGINATES $3.28 MI...
more news

TEXAS
HARTMAN BUYS HOUSTON INDUSTRIAL PORTFOLIO
HOUSTON — Hartman Mitchelldale Business Park LLC, an affiliate of Houston-based REIT Har...more
NORTHMARQ SECURES $10.2M REFINANCING FOR W...
CBRE BROKERS SALE OF MANCHESTER PARK IN NO...
STUDIO MOVIE GRILL OPENS IN COLLEYVILLE...
more news

MIDWEST
DEVONSHIRE REIT BUYS GROCERY-ANCHORED CENTER NEAR CLEVELAND FOR $35M
BEACHWOOD, OHIO — Devonshire REIT Inc. has acquired Pavilion Shopping Center in Beachwoo...more
M&M BROKERS $4M SALE OF 100,681 SF OFFICE ...
DICKMAN CO. ARRANGES LEASE OF INDUSTRIAL S...
COOPER COMMERCIAL BROKERS $1.8M SALE OF RE...
more news

WESTERN
CIMARRON APARTMENTS IN LAS VEGAS SELLS FOR $24.5M
Las Vegas – The 240-unit Cimarron Apartments in Las Vegas has sold to ...more
VALUEROCK BUYS TARGET-ANCHORED CENTER IN S...
FOSTER CITY MEDICAL PAVILION RECEIVES $11....
GLUMAC ENGINEERING LEASES 17,500 SF IN DOW...
RIVER BANK PLAZA IN SAN DIEGO SELLS FOR $5...
more news

Denver Multifamily
Apartment Construction Picks Up in Denver After a Lull — 06-17-14
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Atlanta Hospitality
Supply/Demand Fundamentals in Atlanta Boost Hotel Rates — 06-16-14
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Dallas/Fort Worth Multifamily
Demand Comes Back Bigger, Better than Ever in DFW — 06-13-14
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CONSTRUCTION SPENDING RISES IN APRIL FOR THIRD STRAIGHT MONTH

ARLINGTON, VA. — Total construction spending rose modestly for the third straight month in April as a mix of increases and declines in public and private categories showed the sector’s recovery remains fragile and fragmented, according to an analysis of new Census Bureau data by th...
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