Nicholas Ziegler
Kennedy Wilson Acquires Research Firm Meyers L.L.C.
After working together on several projects, two leading real estate industry firms — Kennedy Wilson and Meyers Research L.L.C. — decided to team up in a more permanent way with KW acquiring the research and consulting firm.
NKF Nabs Contract to Lease Boston's Faneuil Hall
Ashkenazy Acquisition Corp., the manager of Boston’s Faneuil Hall Marketplace, has awarded Newmark Knight Frank the contract for office-positioning and leasing responsibilities for the city landmark.
Economy Watch: EU Recession Spooks Investors
The EU reported on Tuesday that the euro zone is in a “mild recession.” U.S. residential foreclosure sales were up sharply in January, some 29 percent more than in December. And Green Street Advisors’ Commercial Property Price Index didn’t budge in February.
Bud Malone on Texas’ Multi-Family Conditions
Bud Malone, CEO of Mortgages USA, comments on the recent surge in demand in the Texas markets and how such allays concerns about overbuilding. He also sheds light on which markets in the Lone Star State are the most popular and why.
CBRE: 2012 Expected to be Strong Year for Manhattan Hotels
Last year was a good year for the Manhattan hotel market and, according to CBRE Group Inc.’s Winter 2012 Snapshot, this year will bring more of the same: solid performance and rising investment sales volume.
Sequoia Equities Purchases $52M California Multi-Family Complex
Institutional Property Advisors, a relatively new division of Marcus & Millichap Real Estate Investment Services Inc., has arranged the sale of River Oaks Apartments, a 318,768-square-foot luxury apartment complex in Vacaville, Calif., for $52.4 million. GID of Boston sold the property to Sequoia Equities.
Economy Watch: China Drops Growth Estimate, Wants Stronger Consumer Economy
China lowered its GDP target from 8 percent to 7.5 percent and plans a stronger emphasis on consumption. The ISM’s Non-Manufacturing Index rose 0.5 percent in February to 57.3. And the G8 summit, originally slated for Chicago, will instead be held in Camp David, Md.
Macy's Signs 243 KSF Office Lease in San Francisco
Macys.com, the e-commerce-division of Macy’s Inc. department store, has just signed a lease with a joint venture involving TMG Partners and Rockwood Capital to occupy 242,600 square feet at 680 Folsom St. in San Francisco.