Nicholas Ziegler
Post Brothers Secures $52M Loan for Philly Multi-Family
Residential developer Post Brothers has obtained a $52 million loan for Post Rittenhouse Hill L.P. to complete the redevelopment of the Rittenhouse Hill multi-family property in the Germantown section of the city. The loan was funded by an undisclosed European bank.
Verus Partners Breaks Ground on 138 KSF Indiana Industrial Facility
On the heels of industrial development nationwide, Verus Partners is breaking ground on a 137,500-square-foot new manufacturing-and-distribution facility for Helmer Inc. that will be located across 10 acres in Noblesville, Ind.
Economy Watch: Bernanke Excites Markets
In a speech to the National Association for Business Economics, Ben Bernanke talked about economic growth, but didn’t specifically mention QE3. And the Chicago Fed reported an uptick in its three-month economic average for the period ending in February.
Ashkenazy Nabs 309 KSF Shops at The Bravern in Washington State
The Shops at The Bravern, the 309,000-square-foot retail component of the 1.6 million-square-foot The Bravern mixed-use property in Bellevue, Wash., has just come under new ownership as Ashkenazy Acquisition bought the swank suburban Seattle retail center from Schnitzer West.
682 KSF Pennsylvania Office Park Gets $45M Refi
Cedar Crest Professional Park, a 682,000-square-foot professional office campus just outside of Allentown in Pennsylvania’s Lehigh Valley, has been refinanced to the tune of $45 million by MRA Realty Advisors on behalf of Cedar Crest Professional Park VII.
Wells Core REIT Purchases 10-Story, 268 KSF Office Building in D.C. Submarket
Wells Core Office Income REIT of Norcross, Ga., has acquired a 10-story Class A office property in Herndon, Va., near Dulles International Airport outside Washington, D.C.
HFF Founders, Top Execs Join CBRE
CBRE made four huge personnel pickups: Harold Holliday, John Fenoglio, David Aaronson and James Richards will join the firm as executive vice presidents. All four will be based in the Houston office and will work on debt and equity-financing deals for clients in the region.
Economy Watch: New-Home Sales Down in February
According to the Census Bureau, new-home sales were down were down 1.6 percent in February. Despite high gas prices, Americans are driving more miles. And mass layoffs — defined as 50 or more employees — fell by 141 from January to February.
Dees Stribling's Economy Watch Weekly
The housing numbers were a little down this week, but there were glimmers of improvement. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending March 23, 2012.
JLL Completes Construction of $536M Medical Facility in Indiana
Jones Lang LaSalle Inc.’s job as program manager for the development of Parkview Health’s Parkview Regional Medical Center is done, now that construction of the 975,000-square-foot hospital in Fort Wayne, Ind., has reached completion. The big-ticket project came with an equally big price tag of $536 million.