Nicholas Ziegler
Economy Watch: Existing Home Sales See December Rise
Existing home sales rose 5 percent month-over-month in December, according to the NAR. The Economic Cycle Research Institute raised its index to the highest level since August. And investors will have to be persuaded to take a haircut for Greece’s bailout to move forward.
Dees Stribling's Economy Watch Weekly
Fairly good economic news in the U.S., and the downgrade in Europe wasn’t enough to set off a panic. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending Jan. 20, 2012.
Carlson Hotels, Rezidor Align to Create Carlson Rezidor Hotel Group
Carlson Hotels and The Rezidor Hotel Group have come together to form the Carlson Rezidor Hotel Group, a separate hotel entity created to be a global force in the hotel industry.
American Campus Communities Takes $208M in Student Housing
American Campus Communities Inc. has just expanded its portfolio by nearly 2,000 beds with the acquisition of 26 West Apartments in Austin and the purchase of a controlling stake in The Varsity in College Park, Md., for a total of $208 million.
Regency Tests N.Y. Waters with $73M Long Island Retail Buy
Regency Centers has just made its first foray into New York with a $72.5 million purchase of Lake Grove Commons with its co-investment partner, First Washington Realty Inc.
Exclusive: Industrial Back to Pre-Recession Levels, According to Cushman
New leases for industrial properties “returned to levels not seen since prior to the 2008/9 recession,” according to a new fourth-quarter 2011 report by Cushman & Wakefield Inc.
Vestar to Manage 1.1 MSF Phoenix Mall
Coventry Real Estate Partners has tapped Vestar to manage Christown Spectrum Mall, a 1.1 million-square-foot, super-regional retail destination in Phoenix.
Economy Watch: Unemployment Claims Dive
The Department of Labor reported that the economy created 1.6 million jobs during 2011, but the National Association of Home Builders found that new-home starts were down in December. The CPI in the last month of the year was uneven — up in some sectors, down in others.
Marcus & Millichap Opens Office in White Plains, N.Y.
It’s not just Manhattan that’s attracting investors to New York, and Marcus & Millichap Real Estate Investment Services has made a move to expand its services in the state with the opening of a new office in White Plains.
Griffin-American REIT II Makes $174M, 11-Property Pickup
Continuing in its quest for “stabilized assets that show cash flow above and beyond rent,” according to president & COO Danny Prosky, the newly minted Griffin-American Healthcare REIT II has made an 11-property pickup for $174 million.