Nicholas Ziegler
Ashforth’s West Coast Arm Bought by Its CEO
Ashforth Pacific, the West Coast operating subsidiary of The Ashforth Company, has just been purchased by Scott Langley, the subsidiary’s CEO for the past 10 years.
$55M for a Manufactured Seniors Home Community Outside Boston
A privately owned Chicago firm has just purchased Oak Point, a 870-unit seniors manufactured-home community in Middleborough, Mass., for $55 million.
Avison Young Opens Vegas Office
The largest independently owned commercial real estate services company in Canada is about to grow even larger, as Avison Young has just opened a Las Vegas office with Joseph Kupiec at the helm.
Industry Movers: Promotions and Hirings
The CRE industry continues to grow and evolve, and Newcastle, SRS, Wilson and Aardex have all made some personnel changes of late.
Economy Watch: The Latest Monster From the Closet: The Euro-Contagion
If one or more major euro-zone economies default, the U.S. is sure to take a hit, Fitch said. Homebuilder confidence rose slightly in November. And the CPI dropped in October, mostly due to energy prices.
SL Green to Sell 1.4 MSF Long Island City Office for $476M
SL Green has entered into a deal to sell One Court Square, a 1.4 million-square-foot office complex in Long Island City in Queens, N.Y., to a private-investor group for $476 million.
The Four Risk Factors for Investments
By C. Brandon Chavoya, Director, Holliday Fenoglio Fowler L.P.
There are several risk factors that can affect an investor’s yield expectations, especially in the net-lease space.
U.S. REITs Still Riding the Credit Renewal Wave
By Steven Marks, Head of U.S. REITs, Fitch Ratings
Terms for equity REITs have improved in recent months, and borrowing spreads have been increasing — when compared with their low points of previous years.
Search for Clarity, Relative Stability in a Dangerous World
By Ken Riggs, Chairman & President, Real Estate Research Co.
Despite the vagaries of the world’s economy, real estate as an asset class still holds a relatively stable return and outlook.
Like-Kind Exchanges Can Help You Defer Taxes on Gains
By Shiv Kothari, Tax Manager, Gumbiner Savett Inc.
Using like-kind exchanges can help defer taxes on your investments, but there are a few pitfalls you should avoid in these transactions.