Nicholas Ziegler
Four-way Merger Creates New CRE Company in Idaho, Montana
Four CRE firms in Montana and Idaho have combined their efforts to create a larger company called Catalyst, which will be an independently owned affiliate of Grubb & Ellis.
Economy Watch: Fed Warns of Euro-Troubles Tipping U.S. Economy into Recession
The San Fran Fed takes another look at the possibility of a double-dip recession. Ninety percent of Americans think it’s a “bad time” to look for a job. And the sale of Italy’s debt shows investor nervousness.
Realtors Expo: CRE Markets to See Improvement in 2012, 2013
“Blame it on the economy” was the take-home message at last week’s Commercial Real Estate Business Trends Forum at the 2011 Realtors Conference & Expo — but there are bright spots on the horizon.
9-Property, $71M Multi-Family Sale in Florida, Texas
An unnamed California-based investment firm has made its first foray into the world of Texas and Florida multi-family properties with a $70.9 million, nine-property sale arranged by Marcus & Millichap.
General Growth, Kimco JV to Redevelop Maryland Mall for $70M
Owings Mills Mall, a 25-year-old, 1 million-square-foot regional mall in northwest Baltimore County, will be undergoing redevelopment through a new joint venture of General Growth Properties and Kimco Realty.
Economy Watch: Change for Italy, Recovery for Japan, Positives for U.S.
Italy’s Berlusconi resigned over the weekend, and Mario Monti has temporarily taken the PM slot. Japan saw exports drive a burst of third-quarter growth. And U.S. consumer sentiment is up — for now.
Dees Stribling’s Economy Watch Weekly
There were spots of good news for the U.S. economy this week, but the euro-zone was the same roller-coaster. CPE‘s economic analyst Dees Stribling gives his podcast for the week ending Nov. 4, 2011.
Salus Spends $57M in D.C.’s Rosslyn Corridor
In another deal for the Washington, D.C., metro area’s Rosslyn Corridor, Salus Property Investments has purchased 1400 Wilson Blvd. for $57 million.
New Team to “Maximize Value” of 400 KSF Westgate City Retail Center in Phoenix
Teetsel has brought in three firms to help revitalize the 400,000-square-foot mixed-use Westgate City Center near Phoenix: Vestar will be the new property manager, and both CBRE and The Corritore Co. will be leasing brokers.
ProLogis Sells 90% Stake in Brazilian Development to Pension Fund
Powerhouse industrial developer ProLogis Inc. announced the sale of a 90 percent interest in its not-yet-complete ProLogis CCP Cajamar Industrial Park in São Paulo, Brazil, to Brazil’s largest pension fund, PREVI.