Nicholas Ziegler
Record-Breaking Historic Redevelopment Moves Forward in Massachusetts
The town of Quincy, Mass., has taken the next step in its future plans. A partnership with the city’s Street-Works Development and The Beal Cos. has committed to drive forward a $1.6 billion redevelopment of Quincy’s Downtown.
CBRE: Manhattan Office Market's Rebound Continues
According to a briefing by CBRE Group, the office sector’s recovery continues to be hit-and-miss around the country, but in the nation’s largest city, 2011 marked another year of steady improvement.
Economy Watch: Homebuilders Perk Up, PPI Remains Stagnant
According to a new survey, homebuilders are starting to feel more optimistic. The Producer Price Index wasn’t expected to move much in December, and it didn’t. And the Greek government is trying to come to terms with bondholders on interest rates.
Menlo Equities Tops List of Orange County's 2011 Industrial Transactions with $47M Buy
In what is being described as Orange County, Calif.’s largest industrial consideration of 2011, Menlo Equities snapped up the Irvine Crossings project, a 420,000-square-foot property, for $47 million.
Nine-Property Seattle M-F Portfolio Gets $155M Freddie Refi
Financing to the tune of $155.3 million has been put in place for a 2,184-unit apartment portfolio in metropolitan Seattle by CBRE on behalf of owners Holland Partner Group and Invesco.
Jones Lang LaSalle Named Preferred Global RE Services Provider for Volvo
Under a global framework agreement signed by both companies, Volvo Cars Corp. has chosen Jones Lang LaSalle as its preferred real estate services provider worldwide.
Newmark Knight Frank Takes More Than 900 KSF of Atlanta Industrial Leasing
Newmark Knight Frank has been tapped to provide leasing services for a 900,000-square-foot industrial flex portfolio near Atlanta, Commercial Property Executive has learned.
Economy Watch: World Bank Cuts World Growth Forecast
The World Bank revised its growth forecast for the world’s economy to just 2.5 percent in 2012. The FDIC proposed new rules that would include stress tests for banks holding between $10 billion and $50 billion. And U.S. consumer-loan defaults rose in December.
San Diego Multi-Family Picked Up by Invesco
Monarch at Shadowridge, a 314-residence apartment community has changed hands in what Jones Lang LaSalle Capital Markets, the real estate services firm that represented the seller, describes as the one and only trade of a Class A apartment property in San Diego County in 2011.