Nicholas Ziegler
Digital Realty Trust Secures $100M Unsecured Credit Facility, Eyes Asia-Pacific
Digital Realty Trust Inc. has big plans in the Asia-Pacific region, and the data-center solutions provider has just made a move in its facilitation of those plans with the closing of a new senior unsecured revolving credit facility valued at $100 million.
Dealing with an Earthquake’s Aftermath
The 5.9 shock that registered on the East Coast yesterday thankfully saw no injuries but served as a call to review precautionary measures for real estate and for infrastructure.
Economy Watch: New Home Sales Back in the Cellar; FDIC Speaks Up on Banks, WaMu
The economic tumult has apparently discouraged Americans from buying new homes. The FDIC reported that the number of problem banks declined during 2Q11, and a federal court won’t the agency off the hook for bad WaMu mortgages.
Capmark’s $4B Reorganization Plan Gets the Thumbs Up
Capmark Financial Group, which filed for Chapter 11 bankruptcy protection in 2009, is on the way to recovery with a reorganization plan that will deliver $4 billion in cash, stock and new debt to its creditors.
Economist’s View: Inevitable Inflation
Growth of M1 — the money supply in circulation — in the United States (and most of the world) has seen double-digit, year-over-year growth for the first six months of 2011. And inflation is not only inevitable, it is here. By Dr. Peter Linneman.
Accenture, Zenta to Merge, Increase Mortgage-Processing Services
Accenture has entered into an agreement to acquire Zenta, one of the country’s top three providers of commercial and residential mortgage-processing services.
Yahoo, JLL Achieve LEED Gold on 1 MSF Sunnyvale Campus
In a first for a corporate campus of this kind, Jones Lang LaSalle and Yahoo announced Monday that the search giant’s Sunnyvale, Calif., campus has been awarded LEED Gold certification.
Economy Watch: Increasing Delinquency Rates Not All Bad, Chance of Another Recession Is a Coin Toss
U.S. households delinquent on their mortgages rose by 12 basis points in 2Q2011. The chance of another recession is about 50/50, according to Fannie. And the Chicago Fed reported a slight uptick in its economic indicators.
USAA, JLB Team Up on Upscale 373-Unit Atlanta Project
USAA and JLB Partners are capitalizing on Buckhead, one of Atlanta’s ritziest areas, in a joint venture to develop Buckhead Village, a premier multi-family property that will add 373 residences to a hungry apartment market.
$43M Refi for Texas’ Hilton DFW
There are even more signs of life in the hospitality sector, as HFF secured $43 million in financing for the Hilton DFW Lakes in Grapevine, Texas.