Nicholas Ziegler
Economy Watch: ADP Posits Anemic Job Growth, Reports Give Mixed Economic Indicators
An ADP report said private-sector employment increased by 91,000 last month, particularly in service industries. New York City and Chicago saw growth rates stumble. And Irene may have caused more than $1 billion in damages.
Transwestern Wins Two Service Contracts for 5.1 MSF in San Fran Bay Area
Transwestern has secured two assignments from Westcore Properties and USAA Real Estate Co. involving an aggregate 5.1 million square feet of properties in the San Francisco Bay area.
Innkeepers Files Complaint Against Chatham, Cerberus Over $1.1B Deal
Just steps from emerging from Chapter 11, Innkeepers suffered a major blow when a joint venture of Chatham and Cerberus Series terminated a $1.1 billion contract, but Innkeepers plans to fight the hit in court.
JLL Tapped for KeyCorp’s Greening Initiatives
Hot off the heels of achieving LEED Gold for the Sunnyvale, Calif., headquarters of search giant Yahoo, Jones Lang LaSalle has been tapped to serve as climate-and-energy-sustainability advisor for Cleveland-based KeyCorp.
Economy Watch: Good News for Housing, Bad News for Consumer Confidence
First the good news: The National Home Price Index increased by 3.6 percent in 2Q11. The bad: Consumers are lacking in confidence in a big way at the moment. And Nevada is going after Bank of America for allegedly lying about its intent to help distressed homeowners.
Cole Grabs 11 PetSmart Properties for $74M
After purchasing the PetSmart headquarters in Phoenix last week for $102 million, Cole Real Estate has added 11 PetSmart store properties to its portfolio for a purchase price of $74 million.
Spear Street Gets 244 KSF Suburban D.C. Office Building for $64.4M
Acting on behalf of the California State Teachers Retirement System, Clarion Partners sold the asset at 1881 Campus Commons Drive in Reston, Va., to Spear Street Capital for $64.4 million.
Napa Valley Marriott Sells for $72M
Inland American Lodging Group has acquired the Napa Valley Marriott Hotel, a 275-room upscale resort in the heart of California’s wine country, for $72 million, or approximately $261,000 per key.