Nicholas Ziegler
Taylor & Mathis to Oversee Leasing of IndCor’s 1.2 MSF Tampa Portfolio
Taylor & Mathis of Florida L.L.C. has picked up a management-leasing contract from IndCor Properties Inc. for 1.2 million square feet in the Tampa area.
Economy Watch: No Debt Deal Yet, Beige Book Reports Mediocre Recovery, U.S. Takes UBS to Court
Will the Republican rank-and-file get in line or continue to defy the Speaker? The Beige Book characterized the U.S. economy as middling at best. And the Federal Housing Finance Agency filed suit against banking giant UBS for allegedly peddling bad mortgages.
JLL Brokers 110 KSF Deal of Office Space on Manhattan’s Third Avenue
The busy transactions in the Manhattan commercial market continue as JLL signs 110,000 square feet on Third Avenue for Cerberus Capital Management.
Cassidy Turley Orchestrates $54.4M Financing Deal for UFT Headquarters
Cassidy Turley went to bat for the United Federation of Teachers and hit a home run with the arrangement of $54.4 million of financing for the union’s headquarters at 50 Broadway in Manhattan.
Savanna Signs 60 KSF New Leases on 40th Street in Manhattan
Savanna announced the signing of more than 60,000 square feet of new leases at 104 West 40th Street, representing nearly 30 percent of the building’s 210,000-square-foot capacity.
Economy Watch: Home Prices Didn’t Drop in May, Consumer Confidence up a Tick, One Week to Go on Debt Ceiling
Home prices in 20 major U.S. markets hardly moved from April to May. The Consumer Confidence Index, which declined in June, improved slightly in July. And the debt-ceiling endgame looms over Washington.
D.C.’s Capitol Plaza Sells for $150M to Principal Real Estate Investors
One of the brightest spots in D.C., the NoMa district, has just seen its Capitol Plaza office building change hands to Principal Real Estate Investors, L.L.C., for $149.5 million.
Prudential Mortgage Closes $355M Loan for Douglas Emmett Portfolio
Prudential has provided Douglas Emmett Inc. with a $355 million first mortgage with the REIT’s 1-million-square-foot commercial-property portfolio serving as collateral.
Transwestern’s Management Portfolio Increases by 1.6 MSF with Sumitomo Deal
Transwestern has increased its management responsibilities by approximately 1.6 million square feet after being chosen by Sumitomo to act as exclusive property manager.
Economy Watch: More Debt-Ceiling Drama, Chicago Fed Makes Small Gain
Members of the House and Senate, each led by opposing parties, were busy on Monday drafting their own mutually exclusively bills for raising the debt ceiling. And the Chicago Fed’s National Activity Index edged up in June to minus 0.46 from minus 0.55 in May.