Nicholas Ziegler
SPECIAL REPORT: Greenburger Reveals How Time Equities Prices Real Estate
New York City real estate may be susceptible to the effects of current global economic developments, but it is likely to continue to rank among the world’s top-performing investment markets long into the future, suggested Francis Greenburger, chairman & CEO of Time Equities Inc.
Meridan Negotiates $66M Senior Mortgage for Chicago Retail Center
Meridian Capital Group L.L.C. has arranged $66 million in financing for a 178,700-square-foot shopping center in Chicago owned by Baker Development Corp. The loan was supplied by an unnamed balance-sheet lender.
FEATURE: CREW Network Honors Impact, Excellence Award Winners
The Commercial Real Estate Women Network last night unveiled the winners of the new Impact Awards during the 2011 Convention & Marketplace near Washington, D.C.
Economy Watch: Foreclosure Filings Spike in August, Nevada Hit Hardest
Foreclosure filings spiked 7 percent in August, according to foreclosure specialist RealtyTrac, but the CPI gained a meager 0.4 percent. Obama and Boehner continued to push their respective jobs plans around the country.
San Francisco’s 1155 Market St. Sold to Laurus Corp.
Laurus Corp. has just picked up a 140,000-square-foot office building in San Francisco’s Civic Center area, located at 1155 Market St., and featuring 11 floors of rentable space.
WRIT Purchases 345 KSF Suburban D.C. Office for $101M
A week after closing the first phase of a $350 million industrial portfolio, Washington Real Estate Investment Trust has sprung for the all-cash acquisition of Braddock Place, a 345,000-square-foot office complex in the Old Town section of Alexandria, Va.
RiverOak Launches $300M Retail Fund
RiverOak Investment Corp. L.L.C. is setting its sights on urban retail primed for repositioning with the initiation of a new investment vehicle, RiverOak Urban Retail Investors Fund I, with the goal of securing commitments totaling $300 million.
Sabal Financial Acquires $158M CRE Loan Portfolio
Through the FDIC’s Small Investor Program, Sabal Financial Group has acquired a $158 million portfolio of performing and non-performing commercial real estate loans from FirsTier Bank of Louisville, Colo.
Economy Watch: Shoppers Stayed Home in August
Americans decided to put off buying much more than what they ordinarily buy, such as cars, in August. The PPI also remained flat for the month. And both France and Germany asserted that Greece is sticking with the euro zone.
Empire State Building Turns (LEED) Gold
After receiving its Energy Star certification in July, the second consecutive year of the distinction, the Empire State Building was certified as LEED Gold earlier this week, making it the tallest building in the country to receive the certification.