RCA in the News

Kuwait Firm Expands With GE Office Deal in Ohio

The Wall Street Journal / October 18th, 2016

Wall Street Journal reports: A Kuwait-based financial-services firm seeking more diversity in a world awash in cheap oil is paying $107 million for a new Cincinnati office building occupied by General Electric Co. in its biggest real-estate investment in the U.S.

KAMCO Investment Co.’s purchase of the new development, named General Electric @ The Banks, is a sign that a new cadre of foreign investors is playing a bigger role in U.S. commercial real estate, even in smaller markets like Cincinnati.

The deal comes at a tricky time for U.S. commercial real estate. Overall U.S. sales volume was down 12.2% from last year to $299.1 billion as of the end of August, according to data firm Real Capital Analytics.

View the full article in The Wall Street JournalKuwait Firm Expands With GE Office Deal in Ohio