Nicholas Ziegler
Viacom’s New 1.6 MSF Office Lease Now Manhattan's Largest
SL Green, which has been extremely busy in the Times Square submarket of Manhattan during the past year, has just notched another record: The signing of what the firm calls Manhattan’s largest office lease, which keeps media giant Viacom in the 1515 Broadway building through 2031.
Economy Watch: Fed Stays the Course
The FOMC decided to keep the federal funds rate at no higher than 0.25 percent. Orders for durable goods — such as cars, steel and machinery — were down 4.2 percent in March. But the amount of tonnage shipped by trucks on U.S. roads increased from February to March, rising 0.2 percent.
Eurozone Investors, Including REITs, Face Further Cap-Market Uncertainty
A recent survey by Ernst & Young shows an even split on positive and negative views on CMBS funding. But when viewed at the country level, the results become much more telling.
Keep Your Triple-Net Expenses to a Minimum
By Randolph T. Mason, CCIM, SIOR, Partner, Commercial Realty Specialists
Triple-net-lease tenants and owners often ask me how they can limit their building’s operating expenses. I have eight tips that I often share with them to help keep those expenditures to a minimum.
What’s the Matter With Wichita?
By Bob Bach, Senior Vice President & Chief Economist, Grubb & Ellis Co.
While the local economy has its share of ups and downs like most American cities, Wichita is in a state of suspended animation in its real estate sector. What’s the matter with Wichita, and what does that tell us about other similarly sized cities?
Consolidate Your Business Debt for More Cash Flow
By Rodney Fingleson, Chairman, Gumbiner Savett Inc.
Loan consolidation can usually provide significant aid in lessening the debt of your business. While it can be daunting, the alternatives can eat into your available cash and consolidation can often offer a single, low interest rate.
Single-Tenant Net-Lease Investments a Safe Bet
By Rob Bickel, Managing Director, Jones Lang LaSalle Inc.
Given the volatility in the equity markets, single-tenant net-leased assets provide investors with what they’re looking for today — a sense of safety and security.
Hines, J.P. Morgan Begin Construction on 415 KSF Office Building in La Jolla
Hines and its joint venture partner — a group of institutional investors advised by J. P. Morgan Asset Management — have broken ground on the second office tower at La Jolla Commons in San Diego’s University Towne Center submarket. The project will result in a 415,000-square-foot building that will be occupied in its entirety by LPL Financial.
NYC's 530 Fifth Gets Upgrade, Shows Retail Demand Continues to Expand
The new owners of 530 Fifth Ave. in Manhattan are targeting fashion tenants as they upgrade and reconfigure the building’s retail spaces — and are riding the crest of a wave that shows the world-famous corridor is once again seeing rising rents for the sector.