Nicholas Ziegler
CBRE Closes on ING’s Europe Operations for $540M
In another piece of its acquisition of ING Group’s real estate management operations, CBRE has just closed on the European business — paying $540 million — after nabbing the Asia operations last month.
Economy Watch: Drunk on Risk, MF Global Falls on Face
It was something of a shock on Monday when MF Global Holdings went belly up. The OECD asserted that the euro-zone is going to grow slowly in the future. And the Chicago ISM saw 25 months of expansion amid a drop in the three-month moving average.
Crowne Plaza Tampa East Purchased by Interstate Hotels
Interstate Hotels & Resorts has just announced its acquisition of the 265-room Crown Plaza Tampa East in a joint venture with Waramaug Hospitality L.L.C. and a private investment group.
Industry Leaders Dial Back Expectations: Real Estate Roundtable
While several surveys of late have generally said the economic outlook is improving, the CRE executives at the Real Estate Roundtable have seen their outlook drop to its lowest point since 2009.
Economy Watch: Consumers a Little More Optimistic, Little-Noticed Trucking Index Rises
A Reuters consumer-sentiment index saw an uptick in late October, but the BEA said U.S. consumers are earning more but saving less through September. And a little-noticed trucking index made year-over-year gains in August.
Dees Stribling’s Economy Watch Weekly
The economy’s still blah, but there was a little good news this week. CPE‘s economic analyst Dees Stribling gives his podcast for the week ending Oct. 28, 2011.
SL Green Markets, Sells NYC’s 292 Madison for $85M
It’s been a busy week for SL Green Realty Corp., which, in perhaps its biggest news, signed a deal to sell the leased fee interest at 292 Madison Ave. for $85 million.
MEPT Purchases Two D.C. Retail Centers for $127M
Purchased in two separate transactions, Multi-Employer Property Trust has grabbed two grocery-anchored properties, with an aggregate 524,000 square feet, for a combined price tag of $122.6 million.
ULI Special Report: Capital Markets Executives Say “Be Patient”
“Be patient” was the advice of executives opening day two of the ULI Fall Meeting. With the economy’s direction tough to predict right now but in their opinion unlikely to take a second dip into recession, waiting out the volatility will bear fruit.
ULI Special Report: Opportunities and Emerging Trends
While respondents to this year’s Emerging Trends poll took a somewhat pessimistic view of the market, panelists commenting on those results at the ULI Fall Meeting on Thursday took a less negative stance.