Nicholas Ziegler
Net Lease Cap Rates, Sector by Sector
By Winston Orzechowski, Research Director, Calkain Cos.
Net lease cap rates averaged 7.75 percent for the first quarter of 2011, continuing the rate drop that began in the second half of 2010. Investors have clearly shown a lopsided preference for triple-net-lease investment properties, and as 2011 progresses, demand will outpace supply.
Shaking Off the Summertime Blues
By Elliot Throne, Director, Holliday Fenoglio Fowler L.P.
The rejuvenation of the commercial real estate market has brought a much needed run of new acquisitions, record-setting financings and a general sense that the market is making up for lost time from the previous few years.
Minimize Controversy by Keeping Audit-Ready Records
By Rick Parent, Executive Vice President, Gumbiner Savett Inc.
You may manage the best property in town, but even a great location won’t insulate you from problems if your financial records are not in good shape.
Positive Trends in the CMBS Market, Both This Year and Next
After two down years, the CMBS market is starting to look good for 2011 and into 2012. Investment totals are up, delinquency rates are down and firms are more willing to open their books.
AREA, Adler Group Close First Phase of $350M Portfolio Purchase from WRIT
AREA Property Partners and Adler Group, acting together in a joint venture as AP AG Portfolio L.L.C., have completed the first step in acquiring a 3.1 million-square-foot portfolio of office and industrial properties from Washington Real Estate Investment Trust.
Charles Dunn Snaps Up $50M Pacific Financial Center in Downtown L.A.
In a process that attracted more than 15 bidders, the 17-story Pacific Financial Center was purchased by Walter J. Conn, chairman of Charles Dunn Company, for $50 million.
Economy Watch: Employment Trends Drop Slightly, Non-Manufacturing Index Rises
The Conference Board’s Employment Trends Index dropped slightly to 100.8 in August. A separate index was slightly optimistic on Tuesday as well: the one found in latest Non-Manufacturing ISM Report On Business. And the German high court is set to rule on its country’s contributions to Greek bailouts.
Equity LifeStyle to Acquire 75 Manufactured Home Communities for $1.4B
Equity LifeStyle recently entered into an agreement to acquire 75 manufactured home communities, a single RV resort and certain manufactured homes and loans associated with the 75 communities for a whopping $1.4 billion from Hometown America L.L.C.
Gramercy Capital Signs $549.7M Mezz Loan Settlement
Gramercy Capital Corp. has struck a deal with Goldman Sachs, Citicorp and KBS Debt Holdings involving $549.7 million in senior and junior mezzanine loans.
George Smith Partners Completes $34M in Refis Across Two Properties
Commercial real estate banking firm George Smith Partners has arranged more than $34 million in debt to refinance two retail centers — located in California and Nevada — at what the company calls “exceptionally attractive terms.”