Nicholas Ziegler
Mitsui Fudosan Takes 80% Stake in D.C.'s Homer Building for $252M
Mitsui Fudosan America Inc. has completed the acquisition of an 80 percent interest in The Homer Building, a premier office property just blocks from the White House in Washington, D.C.
Westport Acquires Second Phoenix-Area Property with Scottsdale Financial Center II Pickup
Westport Capital Partners L.L.C., of El Segundo, Calif., has purchased Scottsdale Financial Center II, a 150,000-square-foot office building in Scottsdale, Ariz.
Economy Watch: The French Ratings Surprise
Among other euro-zone nations, France lost a notch in its debt rating due to an S&P downgrade. And a survey of economists revealed an expectation that home prices will see no gains — but also no losses — this year.
Brookdale Acquires 1.4 MSF Dallas Office Complex
Brookdale Investors Six L.P. has just added 1.4 million square feet of Class A office space to its portfolio with the acquisition of The Towers at Williams Square in Irving, Texas.
Dees Stribling's Economy Watch Weekly
Some fairly good news this week, but most importantly no major economic upsets. CPE‘s economic analyst Dees Stribling gives his podcast for the week ending Jan. 13, 2012.
Invesco Takes 220 KSF Boston Office Tower for $75M
An institutional client of Invesco Real Estate has set its sights on Boston, picking up a 220,311-square-foot Class A office property from Millennium Partners for the price of $75 million.
Chicago's 55 W. Monroe Sold to Hearn for $136M
In what Jones Lang LaSalle is calling “one of the Chicago market’s largest year-end transactions,” The Hearn Co. purchased 55 W. Monroe from LaSalle Investment Management for $136 million.
Economy Watch: Retail Sales Eke Out December Gain
The Census Bureau reported on Thursday that U.S. retail sales in December edged up only slightly compared with November. Americans are planning to travel more in 2012 and spend more doing it. And on Thursday, investors bought more than 10 billion euro of Spanish bonds.
Cushman: Manhattan Office Vacancies at Lowest Rate in Two Years
New York City’s year-over-year office-leasing activity for 2011 exceeded 2010’s volume by more than 16 percent, according to a new report by services firm Cushman & Wakefield.
Canadian REIT CANMARC Buys Three Properties for $213M
Less than two years after CANMARC Real Estate Investment Trust completed its initial public offering, there appears to be no end in sight to its shopping spree. The REIT has committed to the purchase of three commercial properties across Canada for a total $213 million investment.