Nicholas Ziegler
AEW Capital Spends $43M on Two Metro Atlanta Retail Centers
In a deal orchestrated by Holliday Fenoglio Fowler, AEW Capital Management purchased two Atlanta-area grocery-anchored properties from LaSalle Investment Management for $43.2 million.
NorthMarq Completes Three Financing Deals For $35.5M
Over a period of two days following the Labor Day weekend, NorthMarq announced the completion of an aggregate $35.5 million in financing for three multi-family properties.
ProLogis Pockets $65.6M on Sale of Korea Assets
ProLogis Inc. has sold eight wholly-owned assets and its interest in the ProLogis Korea Fund in a deal that netted the industrial real estate company $65.6 million in proceeds.
Feature: Ten Years Later, What Have We Learned?
Even for famously immodest Manhattan, the 16-acre WTC redevelopment project is an exercise in superlatives. But the significance of the World Trade Center’s redevelopment – and the shattering event that precipitated it a decade ago – extends far beyond the boundaries of the site.
Economy Watch: Investors Have the Jitters, Consumer Borrowing Rises
Investors weren’t encouraged by events late last week, especially the latest from the cauldron of rumors in Europe. According to the Fed, consumer borrowing was up by $12 billion in July. And the Obama administration is planning a revamp of the Home Affordable Refinance Program, which has thus far proved underwhelming.
CommonWealth REIT Purchases 600 W. Chicago for $390M
600 W. Chicago Ave. has changed hands – moving from the books of 600 West Chicago Associates L.L.C. and onto the rolls of CommonWealth REIT – for a purchase price of $390 million.
Dees Stribling’s Economy Watch Weekly
The president presses Congress to act on jobs, and the debt crisis in Europe spent another week simmering, but didn’t blow up. For the week ending Sept. 9, 2011.
$79M in Financing Arranged for Miami Office Portfolio
Acting on behalf of a subsidiary of Hines REIT, commercial real estate services firm HFF has orchestrated a $79 million deal for the refinancing of Airport Corporate Center, a 1 million-square-foot office portfolio in Miami.
AREA Buys 422-Unit Affordable-Housing Portfolio for $59.6M
AREA Property Partners has snapped up 422 affordable housing units in various neighborhoods across San Francisco with the cash purchase of a 20-building portfolio for $59.6 million.
Economy Watch: Obama’s $450B Push for Jobs
Speaking before a joint session of Congress on Thursday, President Obama called for the passage of a $450-or-so billion jobs program. Earlier in the day, Bernanke denied that inflation is going to be a wrecking ball for the economy. And Wal-Mart announced it’s bringing back layaway for the holiday season.