Nicholas Ziegler
IDS Picks up ‘Irreplaceable’ 411 KSF San Diego Industrial Asset
Kearny Mesa, one of the better-performing submarkets of San Diego, has netted another big fish: IDS Real Estate Group has acquired a 411,245-square-foot industrial warehouse building there for $50 million.
Sperry Van Ness Makes Entrée into NYC Market
SVN is opening a New York City office, to be called Sperry Van Ness | RealSite Group, and will be headed by managing director Anthony Casalena.
WRIT Completes Final, $70.6M Phase of Industrial Sale
Washington Real Estate Investment Trust has made its exit from the industrial real estate sector with the disposition of Dulles Business Park in Chantilly, Va., and 6100 Columbia Park Rd. in Landover Md.
Kilroy, JLL Sign 630 KSF Lease for DirecTV’s HQ
Direct-satellite broadcast provider DirectTV has signed a 15-plus year lease of 630,000 square feet for the company’s new headquarters in El Segundo, Calif.
Vestar Development Makes $79M Investment in Vegas Retail
Vestar Development Co. has laid the groundwork to get in on the Vegas retail game with a deal to acquire The District at Green Valley Ranch in Henderson, Nev., for $79 million.
Economy Watch: ADP Puts October Job Creation at 100,000-Plus
Private employers added 110,000 U.S. jobs in October. The FOMC expects moderate growth in the coming quarters. And the drama in Greece continues as PM Papandreou pressed forward with a referendum.
KBS REIT Purchases Las Cimas IV in Austin for $35.9M
KBS Real Estate Investment Trust III has made its second acquisition within a month, purchasing Las Cimas IV, a 138,000-square-foot Class A office asset in the Las Cimas Office Park, for $35.9 million.
FASB’s Fair Value Proposal Unlikely to Impact U.S. REITs
By Steven Marks, Managing Director & Head of U.S. REITs, Fitch Ratings
Proposed new standards from the Financial Accounting Standards Board are unlikely to have any discernible ripple effect on the credit ratings of U.S. REITs.
Foreign Retailers Setting Up Shop, Expanding in the U.S.
By Stephanie Skrbin, Associate, Lee & Associates
With the U.S. economy struggling, foreign retailers are nevertheless seizing the opportunity to set up shop here through net-lease deals.