Nicholas Ziegler
Visionaries: Building Evolution: Syska Hennessy’s Co-Presidents Rate Construction Improvements, Recommend Future Needs
Syska Hennessy Group co-presidents Gary Brennen and Cyrus Izzo discuss the most beneficial solutions being implemented in building design and development today, where shortcomings remain and what owners’ and developers’ priorities should be for the greatest efficiencies in the future.
HFF Arranges $85M Refi on 22-Property, 3 MSF Portfolio
An affiliate of a real estate fund managed by Oaktree Capital Management and Cohen Asset Management tapped Holliday Fenoglio Fowler to orchestrate a $85 million refinancing for a 22-property portfolio.
Parkway Properties Takes Tempe’s Hayden Ferry Lakeside II for $86M
The 12-story, Class A Hayden Ferry Lakeside II office building has just sold for $86 million to an affiliate of Parkway Properties Inc., which also owns the adjacent Hayden Ferry Lakeside I building.
Sterling, Specialized Partner on 1,232-Bed Project at University of Arkansas
Sterling University Housing has partnered with Specialized Real Estate Group to construct two student-housing developments — totaling 1,232 bedrooms — near the campus of the University of Arkansas-Fayetteville.
Special Report: Bernanke Cites Availability of Capital as Constraint on Housing, Economic Recovery
Addressing the National Association of Home Builders, Federal Reserve Chairman Ben Bernanke acknowledged the critical role the single-family sector plays in the economic recovery, and said that the troubles in the single family industry resulted in part from constricted financing availability.
Economy Watch: Retail Sales See January Increase
Retail sales, including those from department stores and gas stations, were up in January. The Volker Rule’s deadline for public comment passed, and quite a bit of commentary was submitted to the SEC. UCLA’s Pulse of Commerce Index dropped in January, contrary to most other indices.
Jere Lucey on Trends in Note Sales
Jere Lucey, Jones Lang LaSalle’s managing director of real estate investment banking, examines the note-sale market at the end of 2011 and looks forward to increased activity in 2012 – from the MBA CREF conference in Atlanta.
Landmark Properties, Harrison Street Begin Building 774-Bed Student-Housing Development
When the time comes for University of Arizona students in Tucson to hit the books for the fall 2013 semester, they will have a new off-campus option in the form of the Retreat at Tucson.
USAA, Overton Moore to Develop 523 KSF Inland Empire Industrial Facility
To capitalize on the need for industrial space, USAA Real Estate Co. has acquired 26 acres of land in Moreno Valley, Calif., that will be the future site of a 522,772-square-foot distribution center. Southern California-based Overton Moore Properties will act as developer for the project.
Parmenter Picks Up 202 KSF Houston Tower from KBS
Houston continues to outperform most of the nation in transaction volume, and Parmenter Realty Partners has just picked up the 201,720-square-foot Class A tower at 2200 West Loop South from KBS Real Estate Investment Trust for an undisclosed price.