Nicholas Ziegler
$85M for 3-Building Indianapolis Office Portfolio
Despite “weak” demand for suburban Midwest office properties, an institutional investor has snapped up Intech I, II and III, a 433,972-square-foot portfolio in the Northwest market of Indianapolis, for $85 million.
Economy Watch: Supercommittee Set to Be a Dud
The supercommittee looks like it won’t have an answer to the debt question by Thanksgiving. The U.S. economy is trending upward, ever so slightly. And the federal government will have funding at least through Dec. 16.
Dees Stribling’s Economy Watch Weekly
There was fairly good news about the U.S. economy this week, but trouble’s brewing across the Atlantic. CPE‘s economic analyst Dees Stribling gives his podcast for the week ending Nov. 4, 2011.
Equity One Spends $115M for California Shopping Center
Culver Center, a 216,600-square-foot community shopping center Los Angeles County’s Culver City, has come under new ownership. Equity One Inc. snapped up the grocery-anchored asset for $115 million.
HFF Brokers Sale of 3 San Francisco Hotels
In the San Francisco Bay Area, the weather is mild but the hotel market is hot, as evidenced by Holliday Fenoglio Fowler’s recent facilitation of the sale of a three-property, four-hotel portfolio to separate buyers.
Exclusive: Industrial Vacancies Set to Decline Through 2015, Cushman Report Shows
In an exclusive interview with CPE, commercial real estate services firm Cushman & Wakefield sees industrial vacancy rates dropping “considerably” over the next five years, going as low as 6.6 percent by 2015.
Moving House: NBC Sports, United Talent Agency Sign for New HQs
Two major firms signed big deals to move their respective headquarters to new digs this past week: NBC Sports will relocate to Stamford, Conn., and United Talent Agency will take new digs in Beverly Hills.
NYU Capital Markets Special Report: Opportunity in Distress
This year’s Capital Markets in Real Estate conference by the NYU Schack Institute took on a decidedly positive note, with industry leaders seeing investment opportunities for CRE.
Shippensburg University Kicks Off $200M Student-Housing Development
Shippensburg University in Pennsylvania breaks ground today on its $200 million student-housing initiative that will be completed in three phases through January 2013 by developer Campus Apartments.
Economy Watch: U.S. Sees Good News, Europe Not So Much
The good: U.S. housing starts were up 5.1 percent month-over-month, and multi-family permits have spiked by 63 percent. The bad: Amid other problems in Europe, Germany and France are now at odds.