Prudential Takes Back Torre Plaza

February 16, 2010

Tweet It was imminent, but Prudential has taken back Torre Plaza from RREEF/Snell in a non-judicial foreclosure action. The building was taken back on a credit bid of about $17.6M or $187 psf, which it is not worth. We first wrote up a post about the default back in October. This ended up being a […]


RREEF Marks Up 2009 Commercial Real Estate Outlook

January 12, 2010

Tweet For the past few years, RREEF has revisited its commercial real estate outlook at the end of the year by marking up the document. It’s nice to see this type of self-deprecating research. Like last year, RREEF was a bit too bullish and underestimated how much values and employment would fall. The report can […]


RREEF Q3 2009 Property Performance Monitor

November 25, 2009

Tweet RREEF has put out its third quarter property performance monitor. Short report reiterating much of what we already know….


Citibank Forced to Resume Lending on Failed Mall Project

November 18, 2009

Tweet If a court in New York can come to this conclusion, can a court in California come to the same? That would probably be something Peter Pau and RREEF, developers behind the Sunnyvale Town Center that is headed to foreclosure want to know. Regardless, this is a huge decision by the NY court because […]


Who Do Foreigners Give Their Money To When Investing In US Real Estate? Here’s The Top 10

October 21, 2009

Tweet We’ve heard about and are beginning to see an increase in foreign money coming into the US real estate market, particularly on the residential and multi-family side as the prospect of a recovery happening is expected to occur in this sector first. So want to know who these foreign individuals, pension funds, investment firms, […]


RREEF Outsources Retail Property Management

October 21, 2009

Tweet Completing its program of getting out of the property management business, RREEF Real Estate has outsourced about 11 million square feet of retail at 58 centers across the US, the company announced Wednesday. Jones Lang LaSalle, United Commercial Realty, Mid-America Asset Management Inc., Crosland and KeyPoint Partners will take over direct property management of […]



October 19, 2009

Tweet The Registry has three recent articles out, all of them hitting on RREEF. The first article discusses the SF Employee Pension, and the hit they’ve taken on their real estate investments – to the tune of about $650M. The most significant unrealized net-asset value losses occurred in three portfolios managed by three well-known pension […]


RREEF and Snell Default on Torre Plaza in Cupertino

October 1, 2009

Tweet RREEF and Snell+Co. have defaulted on Torre Plaza in Cupertino. The 93,000 square foot asset was picked up by Snell and RREEF last August for about $29.2M. The 3-story, class B asset sits on about a 180K SF parcel. The original loan amount was for $24.5M, and RREEF is about $686K back on the […]


RREEF Outsources Property Management to CBRE, Transwestern

September 20, 2009

Tweet It is being reported that RREEF has made the decision to outsource property management of its portfolio. CBRE and Transwestern will be taking over the property management of the portfolio – which is estimated at $25B. Despite this being a huge assignment and big news, it is only being reported by The Registry so […]


RREEF America III Overview

September 9, 2009

Tweet The Registry has written up an article outlining RREEF’s troubled America III fund, which we discussed in the past. This is the vehicle behind Sunnyvale Town Center and the Peery/Arrillaga Portfolio. There was talk a few weeks ago about Stockbridge seeking to take over management of that fund. Some big names sit on the […]

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