Nicholas Ziegler
Economy Watch: Census Bureau Offers New Definition of Poverty
The Census released a “supplemental poverty measure” to complement, but not replace, the official one. Non-revolving consumer credit rose in September. And the Italian debt time-bomb began ticking more loudly.
Direct from ULI: Patrick Phillips on What’s Facing CRE
Patrick Phillips, CEO of the Urban Land Institute, talks with Commercial Property Executive about the three most important issues facing the CRE industry: demographics, capital markets and technology.
Vornado Makes Sales to “Focus on Core”
Vornado has entered into a $228 million deal to sell the 1.2 million-square-foot 350 West Mart Center office building in Chicago and signed a separate agreement to fork over ownership of four mixed-use retail assets in Manhattan for $78 million.
Gold Krown Financial Purchases 538-Unit Block of Miami Condos, Apartments
Gold Krown Financial has picked up 538 condominium and apartment units at the mixed-use Midtown Miami development in Miami’s Uptown Wynwood District from HSBC Bank.
Luxury Suburban Dallas Multi-Family Trades after Heated Contest
The Venue, a 285-residence luxury apartment community in Richardson, Texas, has come under new ownership, courtesy of a transaction orchestrated by Institutional Property Advisors.
Economy Watch: Greece Gets Temporary Deal, Investors Fret Over Italy
The Greek PM and his opposition leader have put together a “unity government” deal. The BLS saw anemic growth in employment nationwide. And the Monster Employment Index saw withering public employment as well.
Dees Stribling’s Economy Watch Weekly
The Greek debt crisis flares up again, and the US manages to tread water some more. CPE‘s economic analyst Dees Stribling gives his podcast for the week ending Nov. 4, 2011.
H&R REIT Picks up Two Gotham in Metro NYC for $415.5M
Canada-based H&R REIT has just made another marquee pickup, adding the newly constructed Two Gotham Center in Long Island City, N.Y., to its oversight for $415.5 million.
Economy Watch: Economy Creates Jobs at Modest Pace, Greek Referendum Called Off
The BEA found the U.S. economy added 80,000 jobs in October. The Greek prime minister decided that referendum wasn’t a good idea after all. And domestic non-manufacturing grew for the 23rd consecutive month.
One Week, Nearly One Billion in Deals for Morrison & Foerster
Morrison & Foerster’s real estate group this week alone has represented three deals to the tune of nearly $1 billion and its chairman says Manhattan continues “bucking the trend” in CRE.