Allison Landa
ProLogis, AMB in Merger Talks
The two firms are considering a potential teaming of equals in which the two firms would combine in an all-stock, at-market transaction.
MBA Talks Real Estate Finance
The Mortgage Bankers Association shared its annual assessment of the commercial real estate industry during its recent State of the Real Estate Finance Industry media conference call, during which the association also discussed its legislative and regulatory agenda. So what’s going on in the commercial real estate finance industry? In a nutshell, uncertainty about jobs and the economy.
Economy Watch: Split Conclusion on Crisis
What caused the financial crisis of the late 2000s? History will have to decide, because the Financial Crisis Inquiry Commission couldn’t quite come to a conclusion, even with the publication of a 545-page report after months of inquiries. The panel of 10 ended up offering a Democratic view of the crisis, with two Republicans dissenting.
NewMark Merrill Snags 1.2 MSF Assignment
The firm was chosen by World Premier Investments and United American Properties to oversee four of the partners’ shopping centers in California and Illinois.
JLL Teams with Primary Capital
Jones Lang LaSalle has entered into an agreement to broaden its commercial mortgage banking business via the acquisition of Primary Capital Advisors’ commercial real estate lending and servicing group. The purchase, which includes a $2 billion loan servicing program that JLL plans to expand nationally, is expected to close this quarter.
Economy Watch: New Home Sales Up
New home sales in December increased an unexpected 17.5 percent compared with the previous month, but it wasn’t enough to rescue the homebuilding industry from its worst year since the U.S. Department of Commerce started keeping track of the industry — during the Kennedy administration.
Tishman Takes Former Hilton HQ
The Class A Beverly Hills property is the firm’s latest acquisition in the area.
Wilton Purchases Vintage Chicago Building
The REIT’s first purchase, 65 E. Wacker Place, culminates a more than two-year search for a value-added area property.
Economy Watch: Index Confirms Sinking Feeling
The latest Standard & Poors Case-Shiller indexes are out, painting a picture of the poor state of the housing market at the end of 2010. The index of 10 major metro areas fell 0.8 percent from October to November, while the 20-city index fell 1 percent between the same months. Only one metro area eked out a gain month-over-month: San Diego, up 0.1 percent.
Wisconsin Industrial Recovery Continues
A national presort services firm signed a long-term lease agreement for most of the space at 9053 N. Deerwood, a 154,400-square-foot warehouse/distribution facility within the 40-acre Brown Deer Business Park, which is owned by HSA in a joint venture with Morgan Realty Partners. The 10-building industrial and office complex sits approximately 10 miles north of downtown Milwaukee.