Nicholas Ziegler
Oak Grove Capital Originates $45M Fannie Mae Loan for Florida Apartments
Oak Grove Capital’s financing origination spree for apartment properties continues as the mortgage lender completes a $45M Fannie Mae affordable loan for The Waves, a 488-unit rental community in Plantation, Fla.
American Healthcare, Griffin Capital Complete Transfer of Grubb Healthcare REIT
Grubb & Ellis has finalized the transfer of the dealer and advisory agreements of its REIT — formerly the Grubb & Ellis Healthcare REIT II — to a co-sponsorship between American Healthcare Investors and Griffin Capital.
Grubb & Ellis Gets Bumped from NYSE, Now Trades OTC
The New York Stock Exchange has delisted Grubb & Ellis Co., the long-beleaguered services and investment firm, whose common stock began trading over-the-counter on Friday, on the OTCQB marketplace operated by OTC Markets Group.
Economy Watch: Strength in Employment Numbers?
While the December jobs numbers were great, the economy needs more months like that. A refi rumor for GSE-sponsored homeowners made waves on Wall Street. And a recent report noted that CRE prices remained steady last month.
Hines Takes 255 KSF Minnesota Office Building for $70M
Hines Global REIT has picked up a premier 254,900-square-foot office property in Minneapolis with a $69.5 million sale-leaseback transaction with Cargill Inc.
Dees Stribling's Economy Watch Weekly
The year was off to a surprisingly good start, at least for the domestic economy. CPE‘s economic analyst Dees Stribling gives his podcast for the week ending Jan. 6, 2012.
Retail Roundup: Jenkins Sells 50 KSF D.C. Asset, Terramar Acquires Washington State Center for $35M
From coast to coast, retail transactions are closing one after the other. Among the grocery-anchored assets involved in the first deals of 2012 are the 50,600-square-foot Jenkins Row Retail in Washington, D.C., and the 130,800-square-foot Canyon Park Place in suburban Seattle.
Economy Watch: December Saw Stronger Job Growth, Apartment Vacancies Drop in '11
The U.S. economy added a relatively strong 200,000 jobs in December, according to the BLS. Apartment vacancies dropped 5.2 percent nationwide in the fourth quarter of 2011. And ISM’s Non-Manufacturing Index grew 0.6 percent from November to December.
CRA Purchases Louisville Multi-Family Portfolio for $97M
Continental Realty Advisors is keen on Kentucky, as evidenced by its recent purchase of a 1,200-residence apartment portfolio in Louisville. The multi-family housing owner and institutional fund manager acquired the group of four assets from Camden Property Trust for $97 million.
Cuomo’s Convention Center Plan: A Gamble in Any Form
While New York Gov. Andrew Cuomo’s plan for the $25 billion revitalization of the state — including a convention center, hotel and casino in Queens — is ambitious, is it the right move?