Nicholas Ziegler
Glimcher Plans to Acquire Blackstone's Interest in 1 MSF Hawaii Retail Center
In a transaction valued at approximately $289.4 million, Glimcher is looking to acquire the 80 percent indirect interest in Pearlridge Center, a 1 million-square-foot shopping mall in the community of Aiea, in metropolitan Honolulu.
JLL: Select-Service Hotels to Double Investment Volume in '12
Jones Lang LaSalle sees a continued flow of capital into the hospitality sector during 2012, but specifically sees increased investor interest in the select-service arena. Sales of those portfolios are expected to double their 2011 levels this year.
Economy Watch: Jobless Claims Down, Leading Indicators Up
During the week ending March 17, initial unemployment claims were 348,000, a decrease of 5,000 from the previous week. Home prices dropped more than 5 percent in the 12-month period ending January 19. And Wall Street ended on a down note for the day — with one exception.
Minshall Stewart Spends $62M on 10-Story D.C. Office Building
Five years after trading for $66 million, the Class A office building at 2001 L St., N.W., in Washington, D.C., has sold for nearly $62 million to Minshall Stewart Properties.
Transwestern Goes Global, Partners with BNP Paribas
With the strategic alliance of Houston-based Transwestern and Paris-based BNP Paribas Real Estate, the two firms have positioned themselves to focus on occupier clients and enhanced services to the firms’ customers in Europe, the Middle East, Africa, India and the United States.
Economy Watch: Existing-Home Sales Down a Notch
Existing-home sales took an unexpected dip in February, falling 0.9 percent. CoreLogic reported that residential shadow inventory stands at 1.6 million units, the same as October 2011. And Bernanke, via some public appearances, assured listeners that the odds of a euro-zone default have fallen.
Equity REITs Off to a Running Start in 2012
By Steven Marks, Head of U.S. REITs, Fitch Ratings
At the beginning of the year, Fitch said that 2012 would be pivotal for REITs. Judging by the first three months, things look to be going well for the sector.
Reduce a Tenant’s Rent in a Triple-Net Property?
By Randolph T. Mason, CCIM, SIOR, Partner, Commercial Realty Specialists
In a soft market, many tenants may have problems with monthly rent. A rent reduction should be approached cautiously, but could be beneficial for both tenant and landlord.
Multi-Family Looks to be the Investment Vehicle of the Future
By Paul Daneshrad, CEO & President, StarPoint Properties
Investors are jumping into the multi-family market, drawn by strong fundamentals and rates that yield better returns than most other sectors – and the trend looks to continue down the road.
The Fed Was Right: CRE Sales Up, Cap Rates Down
By Bob Bach, Senior Vice President & Chief Economist, Grubb & Ellis Co.
Last year, commercial-property sales totaled $206 billion, and industry participants are looking for a 25 to 50 percent increase this year. Cap rates may fall further this year as leasing markets improve. The Fed deserves a bit of credit for both.