Nicholas Ziegler
Iron Gate Makes $106.5M M-F Pickup in Atlanta
The investment side of the Atlanta apartment scene continues to grow in volume, and the latest transaction is Iron Gate Realty Partners picking up the city’s Villas portfolio for $106.5 million from Davis Development.
LNR Land Buy Paves Way for SouthField Development
LNR has finalized a deal on 830 acres of land, which gives the company the final piece of property earmarked for the planned $2.5 billion SouthField development near Boston.
Economy Watch: Foreclosures Edge Down in November, PPI Up
RealtyTrac reported that U.S. foreclosure filings were down 3 percent in November, but the BLS found that the Producer Price Index for finished goods advanced 0.3 percent in the same timeframe. And during the week ending Dec. 10, initial unemployment claims were down 19,000 from the previous week.
Archstone Partnership Pays $131M for NYC High-Rise Apartment
Archstone has purchased Eastbridge Landing, a 209-unit apartment building in Manhattan, for $131 million from Madison International Realty and RFR Holding, the latter of which developed the asset in 1998.
Inside the December 2011 Issue
Browse the print edition of the December 2011 issue of Commercial Property Executive.
BioMed Completes $343M Purchase of Cambridge Office/Lab Buildings
BioMed Realty Trust of San Diego has entered into a definitive agreement to acquire, for approximately $343 million, Prudential Real Estate Investors’ remaining 80 percent interest in two laboratory/office buildings.
Ranieri Acquires Occom Capital, Establishes Two Services Groups
Bolstered by its recent acquisition of Occom Capital Partners, a boutique real estate investment banking and advisory firm, Ranieri Real Estate Partners has established two new advisory services groups: Ranieri Real Estate Advisors and Ranieri Situs Solutions.
Cornerstone Picks up $53M Office in Denver's LoDo
Cornerstone Real Estate Advisers has just make a nice pickup in the Rockies with the purchase of 1899 Wyncoop, a 165,727-square-foot office buiding in Denver’s LoDo submarket, for a reported $56 million.
Economy Watch: Consumers Express Desire to Cut Back on Luxuries
According to a poll by Harris Interactive, consumers in America seem to be trending toward austerity these days. Italy saw its five-year bond yields spike to 6.5 percent. And Wall Street had another down day on Wednesday, with the losses attributed this time to panicky feelings in the commodities markets.
Law & Policy: The Optimism of 2011 was Rightfully Cautious
The grip of uncertainty has a hold on investors of all ilk, from institutions — which are putting deals on ice — to small business owners and tenants — who are rightfully hesitant to invest in new employees and space.