Nicholas Ziegler
Office Acquisitions: Just the Math, Sir
By Robert J. Dougherty, Executive Vice President, Buchanan Street Partners
Walk through a hypothetical acquisition-and-investment scenario of Class A-/B+ office space and see how the numbers don’t lie.
Interest on a Loan? Check to See If You’re Stressed
By Marcelo Bermúdez, President, Figueroa Capital Group
The key to understanding the lender-borrower relationship hinges on how banks are analyzing and underwriting lending scenarios.
Economy Watch: Debt Ceiling Done, More Trouble Ahead
The Budget Control Act of 2011, better known as the debt-ceiling bill, was passed by the House on Monday before speeding through the Senate and was signed without ceremony by the president on Tuesday afternoon.
JLL Orchestrates 4,568-Unit Texas Apartment Portfolio Trade
Jones Lang LaSalle’s capital markets experts have masterminded the sale of a 4,568-unit apartment portfolio in Texas, roping in a joint venture involving Ascension Commercial Real Estate L.P. and Moriah Real Estate Co.
Pharmaceutical Firm Novo Nordisk Signs for $215M of Space in NJ
In a big win for New Jersey, the Danish pharmaceutical company Novo Nordisk Inc., signed a $215 million agreement to renovate and upgrade a 770,000-square-foot office building in Plainsboro, N.J.
Pebblebrook, Denihan Complete JV on $910M NYC Hotel Portfolio
Pebblebrook Hotel Trust and Denihan Hospitality Group have wrapped up a joint venture that recapitalized a portfolio of six Denihan-owned hotels in Midtown valued at $910 million.
Economy Watch: House Passes Debt-Ceiling Deal, No One Happy
The House of Representatives voted 269-161 on Monday evening to raise the debt ceiling of the United States — with certain strings attached. The Senate is expected to vote today.
Cassidy Turley Awarded 7.4 MSF Leasing Assignment for ProLogis in Cincinnati
Cassidy Turley is ramping up its Midwest efforts of late, landing a 7.4 million-square-foot industrial portfolio in the Greater Cincinnati and Northern Kentucky areas.
Hines, New York Retirement Fund Create $1B Office JV
Hines and the New York State Common Retirement Fund have formed a joint venture, Hines Corporate Properties II, that has been capitalized with $500 million of equity and will allow for the investment of more than $1 billion.
Wood Partners Closes $66.5M MF Construction Deal in South Florida
Wood Partners announced earlier this week it closed on $66.5 million in construction financing to build the Alta Congress, a four-story, 369-unit apartment community near downtown Delray Beach, Fla.