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