Nicholas Ziegler
Building and Land Technology Picks up 614 KSF Stamford Office Complex
Building and Land Technology, one of the largest property owners in Connecticut’s Fairfield County, has just acquired 695 E. Main St. in Stamford. The new owners will be renaming the 614,000-square-foot office complex the BLT Financial Center.
Wood Partners to Begin Construction on 207-Unit Dallas Multi-Family
Capitalizing on the opportunities that the multi-family sector will present in the upcoming years, Wood Partners is slated to begin building two three-story apartment buildings on a five-acre plot in Southwest Dallas.
Skanska Acquires Indiana Construction Firm for $135M
Taking a big step in enhancing its civil business unit, Skanska USA has acquired the Evansville, Ind.-headquartered builder Industrial Contractors Inc. for $135 million.
After a Good Year in 2011, Apartment Industry Expects Another One in '12
After a turnaround year in 2010, the multi-family sector had a banner 2011. This year looks to be another bright one for apartments, as both economic and demographic factors will combine to push rental rates even higher.
Economy Watch: New Year, Same Old Nervousness in Euro Zone
Jan. 1, 2012 was the 10th anniversary of the euro’s introduction, but there was little celebration in Europe over the holiday weekend. The Dow ended the year up 5.5 percent, and the S&P 500 was practically even.
Dees Stribling's Economy Watch Weekly
Dees Stribling’s Economy Watch Weekly: The uncertainty of 2011 gives way to the uncertainty of 2012. CPE‘s economic analyst Dees Stribling gives his podcast for the week ending Dec. 16, 2011.
Whitestone REIT Purchases Dallas' Shops at Starwood
In its second acquisition of the month, Whitestone REIT has snapped up the Shops at Starwood in Frisco, Tex. The company shelled out $15.7 million in cash for the 55,400-square-foot suburban Dallas retail center.
Exclusive: 192 KSF El Segundo Triple-Net-Leased Office Sells for $45M
AG Net Lease Fund II, a vehicle of Angelo, Gordon & Co., has picked up a 192,053-square-foot office in the Los Angeles submarket of El Segundo for $45 million from Kilroy Realty Corp.
Equity Returns Fire in Archstone Battle
The newest development in the Equity Residential saga has been filed in court, as the company put forth a motion to intervene in the ongoing legal proceedings regarding the sale of an interest in Archstone.
Economy Watch: Pending Home Sales Spike
Pending home sales in the U.S. gained more in November than any other month since the tax credit of 2010. Initial jobless claims, while up slightly last week, are still trending downward. And Sears released its initial closure list of 79 stores.