Nicholas Ziegler
CBRE Unit Acquires Historic Seattle Office Tower by Foreclosure
Smith Tower, an iconic 42-story office building in Seattle, and the adjacent Florence Building, a 6,000-square-foot retail-and-mixed-use building, have been acquired by CBRE Capital Partners following a foreclosure.
Wiedner Investment Services Spends $60M on Upscale Phoenix Apartments
Following the improving multi-family trends in Phoenix and the country at large, Weidner Investment Services has made a $59.5 million investment in Alta Phoenix Lofts, a 332-unit high-rise apartment community in the city’s Downtown area.
Economy Watch: Retailers Shed Jobs, Put Dent in March Employment Numbers
While 120,000 jobs were created in March, that number would have been higher were it not for the retail sector’s lackluster jobs performance. The Fed found that consumer credit rose in February at a smaller rate than in the preceding two months.
Dees Stribling's Economy Watch Weekly
March employment disappoints, noises made about Spain being the next threat to the euro. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending April 6, 2012.
Taubman Breaks Ground on Luxury 450 KSF Open-Air Mall near St. Louis
The composition of the St. Louis-area retail market will soon undergo a notable change now that Taubman Centers Inc. has broken ground on a new outlet-shopping destination, the 450,000-square-foot Taubman Prestige Outlets Chesterfield, in Chesterfield, Mo.
Duke Realty Signs 1 MSF Industrial Lease for Carter's Inc. Near Atlanta
Duke Realty has signed Carter’s, a provider of children’s apparel and products, to a long-term lease that takes the previously empty 1 million-square-foot Park 85 Brazelton mixed-use campus near Atlanta to 100 percent occupancy.
Washington Gridlock Clouds Leaders’ Brightening Outlook
Amid signs that the real estate industry is rebounding, policy gridlock in the nation’s capital poses the biggest long-term threat to the real estate capital markets, according to the CPE 100 Quarterly Sentiment Survey. The findings emerged from the inaugural national poll of industry leaders by Commercial Property Executive.
Economy Watch: Pace of Job Creation Slows in March
The BLS reported this morning that the U.S. economy created 120,000 jobs in March, fewer than expected. The office-vacancy rate was down slightly in the first quarter to 17.2 percent. And the Fed announced that it have fewer restrictions on how owners of REO properties rent their holdings.
DDR Buys Out Partner's Ownership Stake in Two Retail Centers for $70M
Fourteen years after becoming a 50 percent owner of Portland’s Tanasbourne Town Center and Phoenix’s Arrowhead Crossing in a joint venture with DRA Advisors Inc., DDR Corp. has acquired its partner’s stake in the assets for $70 million.
You must be logged in to post a comment.