Nicholas Ziegler
Economy Watch: U.S. Consumer Mood Improves
U.S. consumers seem to be enjoying some holiday cheer, at least according to the latest sentiment index, but the share of all U.S. economic output that is being paid as wages dropped to 57.1 cents on the dollar during the third quarter of 2011. And most of the EU countries have agreed to tighter fiscal controls.
Real Estate Industry Loses Leader, Philanthropist Joe Robert
Joseph E. Robert Jr., founder of global real estate investment management firm J.E. Robert Cos., has lost his battle with cancer.
Dees Stribling's Economy Watch Weekly
Dees Stribling’s Economy Watch Weekly: Was the agreement reached in Brussels good news for the economy? No one knows yet. CPE‘s economic analyst Dees Stribling gives his podcast for the week ending Dec. 2, 2011.
Mack-Cali, Ironstate to Develop Jersey City Multi-Family Towers
The multifamily market in Jersey City, N.J., is heating up and Mack-Cali has formed a joint venture with Ironstate Development Co. to capitalize on the growing demand and erect a two-tower luxury apartment property along the waterfront.
Avison Young Acquires L.A.-Based Ramsey-Shilling
Avison Young continues to increase its presence in the U.S. by opening new offices and snapping up firms, and now the Canadian firm has expanded its footprint with the acquisition of Ramsey-Shilling Commercial Real Estate Services Inc., a leading Los Angeles brokerage firm.
Heitman Co-Sponsors Behringer Harvard REIT, Acquires Minority Interest in 15 Properties
Behringer Harvard Multifamily REIT I Inc. has just entered into a new co-investment partnership with one of the world’s largest pension funds, advised by Heitman L.L.C., a multinational real estate investment management firm with more than $23 billion of assets.
JLL: 2012's CRE Outlook Still in Flux; Bright Spots Exist
Jones Lang LaSalle’s outlook for 2012 shows that, while the economy remains in a state of flux, things are generally set to improve. But there are going to be some very bright spots — such as the multi-family sector, which is going to remain the darling investment class.
Fountain Investments Buys 1.3M Acres of Nevada Land for $31M
In one of the largest land sales in U.S. history, Florida-based Fountain Investments has purchased 1.28 million acres of land and mineral rights in Nevada, giving it a parcel by acreage larger than the state of Rhode Island.
Economy Watch: EU Summit off to Rocky Start
With the world watching, members of the EU met in Brussels and immediately started quarreling. The Fed reported that U.S. household wealth dropped — again — during the third quarter of 2011. But new unemployment claims slowed from the previous week.
Macerich Nabs $230M Loan for Arrowhead Towne Center in Arizona
The Macerich has completed a substantial financing deal with Prudential Mortgage Capital, getting a $230 million loan secured by the 1.2 million-square-foot Arrowhead Towne Center in Glendale, Ariz.