Top Story
By Elaine Misonzhnik, Senior Associate Editor
If Deutsche Bank puts its RREEF business on the market, its asset management portfolio will likely attract up to a dozen bidders, industry experts say.
Recently, Deutsche Bank has indicated it is considering strategic dispositions of certain of its holdings in order to fulfill the European Union’s new banking regulations.
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CAPITAL TRENDS
By David Lynn, Contributing Columnist
The U.S. economy grew in the third quarter at the fastest pace since 2010 with real GDP expanding at a 2.0 percent annual rate, up from 1.3 percent in the second quarter. Household purchases, the biggest part of the economy, increased by 2.4 percent, much stronger than forecast.
In addition, business investment remained robust. Corporate spending on equipment and software climbed 17.4 percent, the most in a year, contributing 1.2 percent to economic growth. This economic growth, along with hope for a possible resolution of the European debt crisis, has eased some concerns of a double-dip recession in the near term. Nonetheless, the economic recovery is still vulnerable to external shocks and several uncertainties remain.
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ONLINE EXCLUSIVE
By David Bodamer, Editorial Director and Susan Piperato, Managing Editor
Industrial real estate may not grab headlines, but the sector has recovered slowly throughout 2011 and insiders expect that trend to continue in 2012 and beyond.
Industrial’s recovery is uneven, however, with larger distribution markets experiencing strong growth while outlying markets have higher vacancy rates and are drawing less interest.
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DEALS
Staff Reports
Equity Residential late Friday announced that it entered into a contract to acquire an approximate 26.5 percent ownership interest in Archstone, a privately-held owner, operator and developer of multifamily apartment properties, for $1.325 billion in cash.
The ownership interests under contract represent 50 percent of the collective interests currently owned by affiliates of Bank of America and Barclays Bank PLC. The remaining 47 percent interest in Archstone is controlled by Lehman Brothers Holding Inc.
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