Nicholas Ziegler
Marcus & Millichap: Net-Leased Retailers Expand Reach, See Investor Interest
Certain property types are well-positioned to take advantage of the fact that Americans’ personal incomes continue to stagnate, and net-leased properties – including discount retailers, drugstores, quick-service restaurants and even big-box chains – are seeing renewed investor interest in response.
$65M Mixed-Use Dover Landing Project in New Hampshire Moves Forward
Dickinson Development Corp.’s Dover Landing, an upscale mixed-use project that will sit along the Cocheco River in Dover, N.H., has been given the thumbs-up on the revised plans for the $65 million endeavor.
Harbor Group Spends $100M on Florida Multi-Family Portfolio
Harbor Group International has made another multi-family purchase, snapping up a three-property apartment portfolio in three Florida markets for a total of $99.7 million – a purchase price of approximately $4,000 per unit.
Economy Watch: Fed Report Details Recession’s Impact; Cyprus Asks for Bailout
A recent Fed report quantified a very painful aspect of the recent recession: Real median household income fell 7.7 percent from 2007 to 2010. Independent businesses’ average optimism is relatively unchanged month to month, but is still low historically. And the island nation of Cyprus has asked for a bailout of up to $5 billion.
Carlock Joins PwC as U.S. Real Estate Practice Leader
PricewaterhouseCoopers has hired Byron Carlock as the newest member of its real estate team. Carlock’s move follows 11 years with CNL Financial Group, most recently as president & CEO of CNL Lifestyle Properties.
Indianapolis Sees Construction Kick Off for 81 KSF Spec Office Space
Sourwine Real Estate Services is preparing for construction on Indianapolis’ first spec office project since 2008, an 80,699-square-foot, Class A property in the city’s Keystone area.
JLL Tapped for Role in Redeveloping Pittsburgh’s Civic Arena Site
The NHL’s Pittsburgh Penguins have selected Jones Lang LaSalle as the organization’s representative for the redevelopment of the former Civic Arena site in downtown Pittsburgh. The two entities will work to complete “a financially feasible master plan” for redevelopment of the 28-acre site.
Kennedy Wilson Nabs 544-Unit California Multi-Family Community for $87M
Kennedy Wilson has cast its eyes across the San Francisco Bay, acquiring the 544-unit Waterford multi-family complex in Hayward, Calif., for $86.5 million.
JCF Plans 500 KSF Luxury Apartment Complex Near Chicago’s O’Hare
With an eye on the rising demand for luxury apartment accommodations in Chicago, JCF Real Estate is working expeditiously to respond to the growing need. The commercial real estate firm recently submitted plans for a premier, 405-unit apartment building to the 41st Ward Zoning Advisory Board.
AEW Capital Management Awards 2.6 MSF Leasing Contract to Cushman
Cushman & Wakefield has inked a 2.6 million-square-foot management contract for 11 industrial properties owned by AEW Capital Management in the rapidly improving Southern California region.