LaSalle Investment Management Inc. started lending to European real estate companies three years ago and said its loans outstanding will triple by the end of 2013 as the firm takes advantage of the banking industry’s retrenchment.
GLP J-REIT, which has risen more than 20 percent since its initial public offering in December in Tokyo, expects demand for warehouses in Japan to remain strong with a shortage of modern distribution centers.
Related Cos., the New York developer founded by billionaire Stephen Ross , and a partner sold the luxury Sagamore apartment building on Manhattan’s Upper West Side as investor demand for multifamily properties surges.
When UDR Inc. agreed to pay $260.8 million for a tower in Manhattan’s Financial District, it was not only the borough’s biggest apartment sale in almost three years. It was also the company’s first foray into New York City.