Nicholas Ziegler
Dees Stribling's Economy Watch Weekly
Some good news, some less-than-good-news this week — and the beginnings of full-blown, election-year arguments over economic policy. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending Jan. 27, 2012.
1 Houston Center to Be Renamed LyondellBasell Tower Following 358 KSF Lease Extension
Following the signing of a 358,100-square-foot lease, LydondellBasell, a longtime tenant of 1 Houston Center, will see the building renamed the LydondellBasell Tower.
Morgan Group Refis Five Multi-Family Properties for $146M
The Morgan Group, a company focused on development, construction and property management of luxury multi-family properties, has arranged financing of $146 million on behalf of its affiliated investment partnerships.
Hines, DLF Ltd. Begin Construction on 800 KSF Office Space in New Delhi
Capitalizing on the increased need for both office and retail space, Hines has partnered with DLF Ltd. to begin construction on One Horizon Center, which will be located southwest of New Delhi in Gurgaon.
Economy Watch: New Home Sales Sink to Record Low in 2011
New home sales took an unexpected 2.2 percent dive in December compared with the previous month, and the Conference Board’s Leading Economic Index increased 0.4 percent during the same period. U.S. GDP rose 2.8 percent in the fourth quarter of 2011.
San Diego State Student Housing Refi'd for $56M Through AIG
Acting on behalf of AIG, Holliday Fenoglio Fowler has obtained a $56 million loan for Sterling Collwood, a premier student-housing property near San Diego State University.
NAI, C-III Merger Finalized, Signals Larger Trend
In a deal that took six months to finalize, C-III Capital Partners L.L.C. has completed its acquisition of NAI Global, the largest network of independent commercial real estate firms worldwide.
JLL Adds to Tenant-Rep Side with Purchase of Australian Firm
Jones Lang LaSalle has acquired Sydney-based tenant advisory firm MPS Properties, adding approximately 43 million square feet of Australian office space to the company’s management rolls.
Studley, Boyd Execs Form D.C. Tenant-Representation Firm
Three real estate industry veterans have joined forces on the launching of a new services firm, Serten Advisors, designed to provide commercial real estate services exclusively to tenants in metropolitan Washington, D.C.
Economy Watch: Low Rates for a Long Time, Fed Says
The Fed maintained that interest rates will continue to stay low through late 2013. The Pending Home Sales Index was down 3.5 points in December. And the Federal Housing Finance Agency noted that foreclosures still hold back home valuations.