PwC Survey Shows Consistent Signs of Strength in Office, Health Care Real Estate

September 19, 2014 ·

Real estate investors remain bullish, especially regarding the office and health care sectors, according to a survey conducted by consulting firm PwC.

PwC’s survey of real estate investors in the third quarter of 2014, released Sept. 15, indicated that the office sector is showing consistent signs of strengthening. Most geographic markets are expected to be in either the recovery or expansion phase of the real estate cycle during the next four years.

Washington Prime to Buy Glimcher Realty in $4.3 Billion Deal

September 16, 2014 ·

Washington Prime Group Inc. (NYSE: WPG) said Sept. 16 that it intends to buy Glimcher Realty Trust (NYSE: GRT) in a stock and cash transaction valued at approximately $4.3 billion.

The new company will be known as WP Glimcher, retaining Washington Prime’s ticker symbol on the NYSE. The company will maintain Glimcher Realty’s headquarters in Columbus, Ohio.  Mark Ordan, CEO of Washington Prime, will serve as executive chairman of the combined company. Michael Glimcher, CEO of Glimcher, will serve as its vice chairman and CEO.

Survey Finds Commercial Real Estate Executives Overwhelmingly Optimistic About Next Year

September 12, 2014 ·

Commercial real estate executives are overwhelmingly bullish on the outlook for their industry through the next 12 months, according to a survey conducted by international law firm DLA Piper.

DLA Piper’s survey, which was conducted in August, showed 89 percent of executives are upbeat for the coming year, compared with 85 percent a year ago and 30 percent in 2011. The survey was completed by 158 respondents, including CEOs, COOs, CFOs and other senior executives and real estate professionals.