Nicholas Ziegler
Economy Watch: More Houses Selling in Vegas
Vegas has seen some of the worst performance of the housing depression, but there’s been a small rebound. A UCLA commerce index rose 0.7 percent in February. And the financial world has been buzzing about a former Goldman exec’s scathing tell-all.
Healthcare Trust of America Spends $54M on 558 KSF Pittsburgh Office Building
The 558,000-square-foot Penn Avenue Place office tower in Pittsburgh, Pa., has just become a part of Healthcare Trust of America Inc.’s portfolio. The company acquired the asset from an affiliate of Oxford Development Co. in a $54 million transaction.
Rockrose Development Spends $120M on Downtown D.C. Office Building
Continuing the trend of Washington, D.C., office transactions, Rockrose Development Corp. has picked up the building at 1776 Eye Street, N.W., a class A office structure totaling 224,666 square feet, for $119.7 million.
Savanna, Panzer Partner to Close $196M Multi-Family Transaction on Long Island
With the finalization of a $196 million transaction, Savanna has become a partner with Pantzer Properties in the ownership of Atlantic Point, a 795-residence multi-family community in Bellport, N.Y., on Long Island.
DivcoWest Makes $71M Office Buy in Cambridge
DivcoWest has spent $79 million on The Davenport, a 220,000-square-foot Class A office property in Cambridge, Mass. The firm picked up the property from a client of AEW Capital Management.
Economy Watch: Americans Hit the Stores in February
Retailers had a good month in February, as Americans were out shopping in force. The FOMC is standing on the current, extremely low interest rate. And 15 of 19 banks passed their stress tests.
Smart Spending Strategies
Like most other aspects of property management, investing wisely into assets calls for a balancing act. The recession produced creative cost-saving strategies, yet many owners learned the hard way that depriving an asset of the capital needed to keep it competitive is self-defeating. By Paul Rosta.
The New Era for Seniors Housing
It has taken nearly three decades, but seniors housing has surfaced as a vibrant star in the U.S. real estate universe. The foundation has been set for a new generation of seniors housing products, which will begin to emerge in the year ahead. By Mel Gamzon.
Topping 13,000
A presidential election year is a natural time for optimism. But, with the recovery in such a fragile state, many crucial issues may be left dangling until next January. By Suzann Silverman.
Exclusive: Cushman's CEO Sees Slow Start, Strong Finish for Global Market in 2012
The moderately upbeat projection of services firm Cushman & Wakefield Inc. paints a global real estate picture that is on track to brighten by the second half of 2012, according to the company’s CEO, Glenn Rufrano.