Nicholas Ziegler
Decron Properties Spends $56M on Santa Clara Multi-Family
Decron Properties has acquired The Madison at Town Center, a Class A, 264-apartment community in Santa Clarita, Calif., for $56.5 million, continuing the firm’s recent focus on the multi-family market.
Economy Watch: Euro Zone Kicks the Greek Can Down the Road
Greece is getting a $172 billion infusion from the EU and the IMF. Residential delinquencies in the U.S. were down to 7.97 percent in January, a 0.18 percent drop from December. And the Chicago Fed said its National Activity Index showed growth in January.
John Manning on 2011's Rent Increases
John Manning, Jones Lang LaSalle’s managing director of real estate investment banking, examines last year’s rental increases and what that means for pricing opportunities and the lending market in 2012 — from the MBA CREF conference in Atlanta.
Cassidy Turley: CRE Recovery to Accelerate in 2012
What has been a slow but steady rebound of the commercial real estate industry is on track to pick up pace in 2012, according to a new forecast by commercial real estate services firm Cassidy Turley.
Grubb Files for Bankruptcy, Sells All Assets to BGC Partners
BGC Partners Inc., an intermediary firm to global financial markets, has just purchased “substantially all assets” of troubled commercial real estate services firm Grubb & Ellis Inc.
Campus Advantage, Pension Fund Complete $100M Student Housing JV
Student housing owner/manager Campus Advantage of Austin, Texas, has closed a $100 million joint venture with one of the nation’s largest pension funds following its recent acquisition of two properties, the company announced late last week.
Hudson, RXR Launch Joint Lending Platform for New York Region
Real estate fund manager Hudson Realty Capital L.L.C. and RXR Realty, a private real estate company, have joined forces to create a commercial real estate lending platform focused on the New York Tri-State market.
LaSalle Investment Management Takes Two Medical Office Buildings for $148M
Kilroy Realty Corp. has unloaded $147.5 million of property — in the form of two medical-office buildings — to LaSalle Investment Management. The two Class A buildings, which total 253,676 square feet, are located in San Diego.
Economy Watch: Study Warns of Adverse Impact of Accounting Rule Change on CRE
CRE and nonprofit associations have released a study demonstrating that the proposed changes to U.S. lease accounting standards would have a serious negative impact. And the OECD estimates that, among its 34 developed-nation members, GDP advanced a miniscule 0.1 percent in the fourth quarter.
Dees Stribling's Economy Watch Weekly
Things are looking up — can it be for real? CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending Feb. 17, 2012.