Nicholas Ziegler
Pharma Firm Astellas Opens $150M, 446 KSF HQ Near Chicago
Hot on the heels of a large leasing agreement, MB Real Estate has helped on the construction of a $150 million headquarters for Astellas Pharma in Northbrook, Ill., a project that won the praises of Illinois Gov. Pat Quinn.
Adler Fund, Kawa Buy 467 KSF Portfolio in Houston
A joint venture between the Adler Real Estate Fund and Kawa Capital Management has purchased five parks in Houston totaling 16 buildings and 467,000 square feet of office, industrial and flex space.
Private Correctional Companies Well-Positioned for Industry Shifts
By Jane Cotroneo, Analyst, Moody’s Investors Service
Stretched budgets have prompted governments to enact changes aimed at reducing overcrowded prisons and incarceration costs. Two private correctional companies are providing a steady stream of earnings without the restrictions typical of REITs.
Finding Something to Cheer About in a Temporary Soft Patch
By Bob Bach, Senior Vice President & Chief Economist, Grubb & Ellis Co.
The economy and the financial markets have lost some momentum over the past few weeks, but there are still some bright spots to lead us through the gloom such as the absence of new construction, the surge in dollar volume of property sales in the first quarter of 2012 and loosening standards for CRE loans.
Understanding Debt Service: Finding Real Liquidity Through your Property
By Marcelo Bermúdez, President, Figueroa Capital Group, a subsidiary of Charles Dunn Co.
A property’s ability to pay for its debt is paramount to any lender. While an asset’s appraisal may give the impression of a good investment for a lender, the debt-service ratio can be another useful metric to consider.
CMBS Delinquencies Hit All-Time High; Relief on the Horizon
The CMBS delinquency rate has hit an all-time high in May 2012, surpassing the 10 percent mark. But many of those delinquencies are five-year loans that originated in 2007, meaning that the second half of the year should see a leveling off.
The Return of Spec: Myers Crow & Saviers Begins 135 KSF Office Project in Houston’s Energy Corridor
With nary a tenant commitment on the table, Myers Crow & Saviers Ltd. prepares to kick off construction of Mason Creek Office Center, a 135,000-square-foot building in Houston’s Energy Corridor in Katy, Tex. Ground is scheduled to break on the speculative project in the third quarter.
JLL: U.S. Hotel Transaction Volume Reaches $5.1B So Far in 2012
Jones Lang LaSalle’s hotels group has found that 2012 is shaping up to be a good year for the U.S. hospitality sector, with $5.1 billion of transaction volume moving so far this year — the second-highest volume in the past four years.
MB Real Estate Inks Leasing Deal for More Than 4 MSF of Chicago Office Space
Chicago-based MB Real Estate has landed five new office-leasing contracts in its hometown, adding more than 4 million square feet of space to the company’s portfolio.