Blog

CoStar’s People of Note (June 9) – Colliers Recruits Vargas, NKF Adds Bergeson…

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Los Angeles, New York City, Chicago, Milwaukee, Seattle / Puget Sound, San Diego, Phoenix / Tucson, Northern New Jersey, Detroit / Grand Rapids, South Florida, San Francisco,

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Digital Realty to Acquire DuPont Fabros in $7.6 Billion Data Center Merger

In a blockbuster merger of two top players in the increasingly competitive data center sector, Digital Realty (NYSE: DLR) has agreed to buy DuPont Fabros (NYSE: DFT) in a transaction valued at $ 7.6 billion including debt. Shareholders of Washington, DC-based DuPont Fabros will receive just over half a Digital Realty share per DuPont Fabros

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Forestar Weighing Surprise Bid from Homebuilder D.R. Horton

Forestar Group Inc. (NYSE:FOR) confirmed that it had received an unsolicited, nonbinding proposal from D.R. Horton Inc. to acquire 75% of the outstanding shares of Forestar common stock for $ 16.25 in cash. The unexpected offer beats the previously announced offer from Starwood Capital Group to buy Forestar for $ 14.25 per share (approximately $

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Disciplined Bank CRE Lending Remains in Place Through May

The more-disciplined CRE financing shown by banks throughout this extended up-cycle that was on display throughout the first quarter has continued through May. Month-to-month CRE lending that was growing at an annualized pace of more than 10% through most of last year dipped to 8.9% in the first quarter, according to Federal Deposit Insurance Corp.

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