trending Market Intelligence /marketintelligence/en/news-insights/trending/uodkhq2mvr7gldfr24qeiw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

No material storm damage for Equity One; NYC office building sells for $108M

Street Talk Episode 51 - Goldman Talks Libor Transition, Recent SOFR Volatility

#ChangePays: Although Still Underrepresented, Women in the C-Suite are Driving Profitability

Cable Nets For Kids Enjoy Wide Carriage On Skinny Bundles

Energy

Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018


No material storm damage for Equity One; NYC office building sells for $108M

Commercial real estate

* Equity One Inc. said no properties in its portfolio sustained any material damage from Hurricane Matthew, based on the company's initial assessment.

* ATCO Properties & Management has signed a deal to acquire an 18-story office building in Manhattan, N.Y.'s Garment District for $108 million, The Real Deal reported, citing unnamed sources. The 165,000-square-foot class B property at 240-246 W. 35th St. is being sold by RPW Group. The building is 95% leased, according to the report.

* RedSky Capital bagged a $138.6 million loan from Kohlberg Kravis Roberts to refinance an assemblage of 12 properties in the Williamsburg neighborhood of Brooklyn, N.Y., The Real Deal reported.

* The Wall Street Journal featured a report on the Midtown South office market in Manhattan, where the average office rent surpassed that in Midtown during the second and third quarters, according to JLL. The publication noted that JLL has classified Midtown South's class A office market as the "most expensive major market in the nation."

* Meanwhile, National Real Estate Investor reported on the recovering commercial real estate market of Detroit, which has been "shirked" by REITs and other institutional investors, paving the way for private investors who seek returns from the city's "up-and-coming" property markets. The report said the recovery is attributed to increased interest from technology companies and the resurgence of the automotive industry.

* AT&T Corp. is opting to stay in its downtown Dallas headquarters and is planning an upgrade of the complex that it says will cost "millions of dollars," The Dallas Morning News reported. The telecom giant was speculating a move from the location, according to the report.

Gaming

* Elaine Wynn, ex-wife of Wynn Resorts Ltd. CEO Steve Wynn, was denied whistleblower protection by a Las Vegas trial judge, and has now asked the Nevada Supreme Court to grant her the same, Bloomberg News reported. She is said to be seeking protection for disclosures made to the company's audit committee and external auditor regarding potential securities law violations by Wynn Resorts. Her petition did not specify any alleged violations, the report noted.

The day ahead

Early morning futures indicators pointed to a higher opening for the U.S. market.

In Europe, around midday, the FTSE 100 was up 0.08% to 7,050.20, while the Euronext 100 had risen 0.35% to 880.48.

On the macro front

TD Ameritrade's investor movement index is due out today.

Now featured on S&P Global Market Intelligence

Real Estate Rundown: HCP spinoff issues debt on time, but pays for its tenant's troubles: The company, which is coming into existence largely as a way of removing properties linked to tenant HCR ManorCare from HCP's portfolio, issued debt at notably high rates in a series of recent transactions.

Data Dispatch: Deal spike in Q3 shakes up REIT M&A league tables: New leaders in the financial adviser rankings by deal value and deal count emerged after an active quarter in REIT M&A.

Data Dispatch: Bank of America Merrill Lynch takes 2016 lead among real estate equity underwriters: As of the end of the third quarter, the firm was second for the year among real estate debt underwriters, behind J.P. Morgan Securities.

The Week in US Real Estate: Taking the reins; the REIT stuff: The Oct. 7 weekly news roundup in the North American real estate space features shareholder and various other entities' attempts to manage a company taking the liquidation route, as well as potential new players in the REIT space.

Best of SNL: Real estate, most read: The 10 most read real estate articles for the week ending Oct. 7.

Best of SNL: Real Estate, editors' picks: Our real estate editors' picks for the best stories of the week ending Oct. 7.

SNL Q3'16 Capital Markets League Tables: SNL Financial on Oct. 7 released third-quarter 2016 capital markets league tables for its covered North American sectors.

SNL Q3'16 M&A League Tables: SNL Financial on Oct. 7 released third-quarter 2016 M&A league tables for its covered North American sectors.

The Daily Dose is updated as of 7:30 a.m. ET. Some external links may require a subscription. Articles and links are correct as of publication time.