Nicholas Ziegler
NKF Brokers 916 KSF Chicago Industrial Lease
Following the trend of positive industrial fundamentals in the Chicagoland area, supply-chain firm M. Block & Sons has signed a 915,645-square-foot lease at 18801 Oak Park Ave. in Tinley Park, Ill. Newmark Knight Frank Epic represented the tenant in the lease transaction.
Khoshbin Co. Makes 395 KSF Office Investment in Houston
The Khoshbin Co., a privately held Irvine, Calif.-based real estate firm, has just completed its acquisition of two office buildings in Houston’s Greenspoint submarket, picking up 333 N. Sam Houston Parkway East and 10700 Interstate 45 North, two multi-tenant office buildings spanning 395,424 square feet.
American Realty Advisors Picks Up More Than 900 KSF Across Five Assets
American Realty Advisors’ commercial real estate purchasing activity has just swelled by approximately 900,000 square feet — and then some — with the recent addition of five properties spanning the industrial, multi-family, office and retail sectors.
Economy Watch: Retail Sales Spike Unexpectedly
The Census Bureau reported that retail sales jumped a higher-than-expected 0.8 percent in March, showing consumers are more optimistic across all categories. Homebuilders weren’t as chipper, as the Housing Market Index fell three points last month. But home remodelings were up 3 percent in February.
Innisfree Gets $57M Loan for Three Gulf-Coast Hotels
With the assistance of Aries Capital, Innisfree Hotels has received $57 million in financing for three of its hotels along the Gulf Coast just weeks in advance of maturity dates on existing loans.
Court Approval Paves Way for BGC to Form Newmark Grubb Knight Frank
After receiving approval from the bankruptcy courts, BGC has completed the acquisition of Grubb & Ellis and has announced the creation of a new firm, Newmark Grubb Knight Frank, that combines the assets of G&E with Newmark Knight Frank.
Best Buy to Shutter 50 Stores
Over the weekend, the giant electronics retailer Best Buy said that it will close about 50 stores out of its total of around 1,100. The announcement came not long after the sudden resignation of CEO Brian Dunn, for as-yet unclear but possibly scandalous reasons, though it seems unlikely that the two events are directly related.
Miami's 4.2 MSF Flagler Station Sold to AEW for $340M
The industrial portfolio of Flagler Station, South Florida’s largest business park at approximately 4.2 million square feet, has been sold by its developer to AEW Capital Management for a reported $340 million.
Economy Watch: CPI Sees Uptick, Driven by Gas
U.S. consumers were paying a bit more for everything in March, with the CPI rising 0.3 percent during the month. The main culprit? The price of gas, which jumped 1.7 percent. And those gas prices may be eating into consumers’ assessment of the overall economy.
Dees Stribling's Economy Watch Weekly
It’s not been a great week for the economy, but the Fed did manage to re-assure investors that things weren’t terrible. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending April 13, 2012.