Nicholas Ziegler
CBRE Wins Exclusive Rights to 300 MSF USPS Contract
Clearly, CB Richard Ellis Inc. didn’t mail it in when bidding for a big contract with the U.S. Postal Service, because the commercial real estate services firm is now the solutions provider for the entire Postal Service and its 300 million-square-foot portfolio.
Economy Watch: CRE Prices See Uptick in May, Home Sales Drop, Sound and Fury on Capitol Hill
U.S. commercial real estate prices were up in May for the first month-over-month increase in six months, but the NAR reported existing-home sales declined to 4.77 million in June from 4.81 million in May. And while most Republicans want a debt-ceiling compromise with the president, the House rank-and-file is another matter.
Trecap Nabs Two Portland Apartment Complexes for $53.9M
Trecap Partners L.L.C. jumped into the booming Beaverton, Ore., submarket with the acquisition of a majority stake in two apartment complexes totaling 542 units.
Grubb & Ellis Picks up Healthcare Office in Sarasota
The healthcare sector continues its slow and steady ascent, with Grubb & Ellis Healthcare REIT II acquiring the 41,000-square-foot Maxfield Medical Office building in Sarasota, Fla.
Bank Failures Flatten, But News Still Not Good
The news is bad, but not as bad as it could be: According to Trepp, only four U.S. banks failed in June, which is the second-lowest rate in the last year.
Economic Health Remains the X-Factor for Direction of U.S. Equity REITs
By Steven Marks, Head of U.S. REITs, Fitch Ratings
There is a good likelihood that the rating outlook for U.S. equity REITs will remain stable for the remainder of 2011.
Entering the Age of CMBS 2.0 with Optimism
By Jeff Majewski, Head of Debt and Finance Platform, Grubb & Ellis Co.
Borrowers should not be fearful of CMBS 2.0, the post-bubble generation of CMBS that has both smaller pools and larger loan sizes.
One Night Stands Are Expensive: Extended-Stay Hotel Revenue
By Robert Mandelbaum, Director of Research Information Services, PKF Hospitality Research
While all property types suffered declines during the recent recession, extended-stay hotel properties achieved slightly less of a decline in RevPAR compared to the aggregate performance.
NorthMarq Arranges $98.4M Bond Securitization for Multi-Family Portfolio
Capitalizing on its relationship with Freddie Mac, NorthMarq Capital has orchestrated an approximately $98.4 million tax-exempt bond securitization for a portfolio of 11 bonds owned by TCH I Depositor L.L.C.
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