All NEW Investors: Your gift matched $ for $ this week! GIVE NOW

American Realty to buy Cole

Gus Faucher Oct 23, 2013
HTML EMBED:
COPY

American Realty to buy Cole

Gus Faucher Oct 23, 2013
HTML EMBED:
COPY

A huge acquisition today in the real estate business. American Realty is buying Cole Real Estate for $11 billion. They’re in what’s called net-lease business, where tenants lease for a long time, pay the upkeep and taxes, and investors can get returns that are quite like a high-yield bond. And with a deal like this making news, how is the commercial real estate market doing in late 2013? Gus Faucher, senior economist at PNC Financial Services Group, gives Marketplace Morning Report the update.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.