Nicholas Ziegler
Tempo Properties Sells 1,188-Unit Atlanta Multi-Family Portfolio
The most recent deal out of Atlanta is the $35.8 million sale of a 12-property, 1,188-unit multi-family portfolio from Tempo Properties to a private investor located in Washington state.
Economy Watch: Homebuilders, Fannie Mae Feel Better About '12
While the homebuilders’ index is still low, it’s in much better shape than it was last year. Fannie Mae reported that things are looking up for the year, albeit modestly. And Apple is acting like a blue-chip firm with its stock-repurchase program.
Investcorp Acquires $65M Mixed-Use Portfolio in California
In the largest transaction to close in the Northern San Francisco Bay Area thus far in 2012, Investcorp has added a 14-property portfolio to its holdings in a partnership with PB&J Acquisitions.
Marcus & Millichap: Recovering Markets to Spike Hotel Activity
A new report by Marcus & Millichap predicts that room demand will grow in the coming year. Driven by increased capital flows and a falling unemployment rate, the national occupancy rate could rise as high as 60.7 percent — a 0.6 percent increase from 2011.
$127M Loan on Cleveland Office Latest Refi Success Story
The $127 million refinance of Harbor Group International’s 200 Public Square office tower in downtown Cleveland is both one of the larger recent CRE refis and an example of the current refi trend.
Economy Watch: Consumer Sentiment Edges Down in February
Consumer sentiment dropped in February, according to a Reuters/University of Michigan poll. The surge in gas prices accounted for most of the uptick in February’s CPI. And manufacturing edged up a little in the first month of 2012.
Dees Stribling's Economy Watch Weekly
Even the Las Vegas housing market is seeing some improvement. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending March 16, 2012.
D.C.'s Crystal City Submarket Sees $161M Refi for Two Multi-Family Properties
Bainbridge Cos. and The Carlyle Group have secured two loans totaling $161.4 million for the refinancing of two apartment properties in the thriving Washington, D.C. area. The assets, The Bennington and Crystal Square, encompass an aggregate 726 residences.
AREA Joins with Harbor Properties, Urban Partners on Seattle Multi-Family Initiative
AREA Property Partners has joined forces with Harbor Urban L.L.C., the merged entity of Harbor Properties and Urban Partners, to develop apartment communities in the Seattle metropolitan area.
Cole Acquires 270 KSF Retail Center in Michigan for $47M
Cole Real Estate Investments has made a $47 million pickup in Allen Park, Mich., located just south of Detroit. Fairlane Green, the 270,000-square-foot retail power center in the transaction, is 97 percent occupied.