Strong Investor Demand and Consumer Spending in Southeast Asia Provide Opportunities for Commercial Property Investment - Research Report on Realogy, Jones Lang LaSalle, DFT, CoStar, and Brookfield
NEW YORK, June 18, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Wall Street Reports announced new research reports highlighting Realogy Holdings Corp. (NYSE: RLGY), Jones Lang LaSalle Incorporated (NYSE: JLL), DuPont Fabros Technology, Inc. (NYSE: DFT), CoStar Group, Inc. (NASDAQ: CSGP), and Brookfield Office Properties Inc. (NYSE: BPO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Realogy Holdings Corp. Research Report
On June 13, 2013, Coldwell Banker Real Estate LLC (Coldwell Banker), a subsidiary of Realogy Holdings Corp. (Realogy), announced the addition of The Bellmarc Group to the Coldwell Banker franchise system in the flagship market of Manhattan. Coldwell Banker The Bellmarc Group will now be in business as Coldwell Banker Bellmarc and Coldwell Banker AC Lawrence, with a combined 600 real estate agents working in seven Manhattan office locations. "We saw Coldwell Banker as a logical extension of our desire to be the best in the business," said Neil Binder, Co-Founder of The Bellmarc Group and the would be President of Coldwell Banker The Bellmarc Group. "We consider Coldwell Banker to be the premier international real estate brand with incredible reach into such locations as Europe, Asia, and Latin America, and we are proud that they viewed us as a worthy partner in serving the Manhattan residential market." The Full Research Report on Realogy Holdings Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/6ed9_RLGY]
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Jones Lang LaSalle Incorporated Research Report
On June 4, 2013, Jones Lang LaSalle Incorporated (Jones Lang LaSalle) announced that the Company has identified trends and opportunities in the real estate markets across Southeast Asia that will support the establishment of an ASEAN Economic Community (AEC) by 2015. Jones Lang LaSalle forecasts Indonesia's economy to grow 6.1% in 2013, supported by strong investor demand and consumer spending. The Company also expects the Philippines to grow 5.7% in 2013, driven by investor interest in the country's upgrades to sovereign credit ratings and low interest. Further, Thailand, Malaysia, and Vietnam are expected to grow in the range of 4.5% to 5.5% driven by strong domestic demand. "This growth translates robust domestic investment into commercial property, driving demand for office and logistics space," said Chris Fossick, Managing Director for Singapore and Southeast Asia at Jones Lang LaSalle. "As a result, the real estate industry is in a unique position to influence and be involved in many key aspects of development in the Southeast Asia region, both economic and social." The Full Research Report on Jones Lang LaSalle Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/8cb3_JLL]
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DuPont Fabros Technology, Inc. Research Report
On June 13, 2013, DuPont Fabros Technology, Inc. (DFT) announced that the Company has increased the total commitment on its unsecured revolving credit facility from $225 million to $400 million. DFT also amended the facility to expand the accordion feature to provide the Company an option to increase the total commitment to $600 million, subject to customary conditions. There are currently $60 million of borrowings under the facility. "This expanded facility provides us with additional capacity at a low cost of capital to fully fund our current ACC7 development in Ashburn, Virginia and a second development, as we grow the company," said Mark L. Wetzel, CFO and Treasurer of DFT. On June 3, 2013, the Company's Board of Directors declared a $0.25 per common share dividend, payable on July 15, 2013 to shareholders of record as of July 5, 2013. The Full Research Report on DuPont Fabros Technology, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/478c_DFT]
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CoStar Group, Inc. Research Report
On June 12, 2013, CoStar Group, Inc. (CoStar) released CoStar Commercial Repeat Sale Indices (CCRSI), which provides the market's first look at April 2013 commercial real estate pricing. Based on 1,045 repeat sales in April 2013 and more than 125,000 repeat sales since 1996, the CCRSI offers the broadest measure of commercial real estate repeat sales activity. The CCRSI national results highlighted the momentum that the commercial real estate (CRE) price recovery has regained in April 2013. The equal-weighted US Composite Index and the value-weighted US Composite Index posted monthly gains in April 2013 of 1.9% and 1.1%, respectively, reflecting improvements in market fundamentals across the major CRE property types. The CCRSI results also reported the improvement of liquidity indicators, with transaction volume of repeat sales increasing 25% from the average over the first three months of 2013 to $5.1 billion in April 2013. The Full Research Report on CoStar Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/529a_CSGP]
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Brookfield Office Properties Inc. Research Report
On June 3, 2013, Brookfield Office Properties Inc. (Brookfield) announced that the Company has closed on commitments for up to $1.0 billion in financing on two of the four office towers at Brookfield Place in Lower Manhattan. A group of banks led by Deutsche Bank, Royal Bank of Canada, Citibank, Bank of America, and Wells Fargo have committed to lend an initial $800 million with the ability for Brookfield to draw an additional $200 million. Currently at 3.4%, the term of the floating-rate loan is three years, with two one-year extension options available. The Full Research Report on Brookfield Office Properties Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/5629_BPO]
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SOURCE Wall Street Reports
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