Nicholas Ziegler
KBS REIT Purchases 729 KSF Office Portfolio in Suburban Dallas
KBS Strategic Opportunity REIT Inc., a REIT sponsored by KBS Capital Advisors, along with a joint-venture partner, has recently acquired a 729,000-square-foot office portfolio in Richardson, Texas.
StonebridgeCarras, Northwestern Mutual JV for $200M Mixed-Use Development
StonebridgeCarras and PN Hoffman’s massive $200 million mixed-use project in Bethesda, Md., has gotten a big financial boost with the partners’ formation of a joint venture with Northwestern Mutual.
Marcus & Millichap: Inland Empire Apartment Market to Prosper
California’s Inland Empire, an area hit particularly hard by the Great Recession and its aftershocks, is seeing an intensification of demand for rental properties, according to a new report by real estate investment specialist Marcus & Millichap.
Around the Industry: Hirings and Promotions
News from around the industry: Barry Bartle has been named president of NAI Horizon’s property-management division. Mark Jaccom will become co-chair of Colliers’ New York tri-state region. Resource Real Estate hired John Towle as chief marketing officer. And Rick Del Roio has become Beech Street’s vice president of credit.
Economy Watch: Moderate Cheer about Europe – for the Moment
The latest idea to stave off Europe’s woes is the creation of a permanent European Stability Mechanism. U.S. purchasing and supply managers have reason to be optimistic. And Nevada and California are pooling resources to investigate robo-signing shenanigans.
Ad Agency Y&R Signs 340 KSF Lease, Acquisition Deal at 3 Columbus Circle in NYC
Young & Rubicam has staked a claim to nearly one-half of 3 Columbus Circle, a 765,600-square-foot office tower at 1775 Broadway in Manhattan.
Prudential Provides $160M in Financing for Prologis' Mexican Industrial Portfolio
Prudential has provided co-investment venture managed by Prologis with $160 million in funds for the refinancing of an industrial portfolio in Mexico City and Guadalajara.
Breaking News: Kennedy Wilson, Partners Acquire $1.8B U.K. Loan Portfolio
In what Ernst & Young research has found to be the largest European real estate transaction in the current cycle, Kennedy Wilson and its institutional partners have just completed the second phase of a $1.8 billion portfolio acquisition.
Analysis: Battle for Archstone Already Heating Up
Even as the bankruptcy estate of Lehman Brothers heads into court with its payout plan, it reportedly is in discussions with potential partners, trying to raise money for a counterbid to the offer yesterday from Sam Zell’s Equity Residential to buy more than a one-quarter interest in Archstone.