Nicholas Ziegler
Special Report: Lighting, LED and Legislation
A panel discussion at the 2011 GreenBuild conference explored options for energy-saving lighting, noting that 70 percent of energy consumed in North America comes from commercial and residential buildings.
EquityOne Sells Two Assets for $124.9M; Buys Shopping Center for $55.5M
EquityOne has closed on the sale of Trio Apartments and Park Plaza for an aggregate $124.9 million and has picked up the sale of Aventura Square for $55.5 million.
Breaking News: TIAA, CBL Partner for $1.1B on Four Shopping Malls
Call it a sign that retail is a hot commodity once again: TIAA-CREF and CBL & Associates Properties Inc. have just closed a $1.1 billion joint venture to invest in shopping malls.
LaSalle Hotel Properties Purchases Villa Florence in San Francisco for $67.2M
Villa Florence, a 182-room boutique hotel in San Francisco’s bustling Union Square district, comes under new ownership with LaSalle Hotel Properties’ acquisition of the asset for $67.2 million in cash.
Grubb REIT to Acquire 10-Facility Nursing Portfolio for $166.5M
One of the investment vehicles of Grubb & Ellis, the firm’s Healthcare REIT II Inc., has just entered into an agreement to purchase the 10-property Southeastern Skilled Nursing Family portfolio for $166.5 million.
DLA Piper Panelists: REITs Doing Well, but the CRE Market is Mostly Brutal
On the final day of the DLA Piper Global Market Summit in Chicago, panelists were honest about what scares them in CRE market trends but pointed out that REITs are still a bright spot for the industry.
Economy Watch: More Jobs, but Still Not Enough
The U.S. economy produced 103,000 jobs in September, according to the BLS. Obama signed an executive order to create an emergency board to help the dispute between freight-rail carriers and their unions. And banks worldwide took steps to defuse the debt bomb.
Karlin Purchases Two Scottsdale Retail Centers for $50M
Karlin Real Estate picked up the two shopping centers in the Phoenix area, Shea Scottsdale East and Shea Scottsdale Shopping Center, for a combined $50.3 million from Herberger Enterprises.
Grosvenor, Kuwait Finance House to Invest up to $600M in Healthcare Properties
Grosvenor Fund Management has just joined forces with Kuwait Finance House to shell out as much as $600 million on the acquisition and development of medical office buildings and private-pay senior living properties across the United States.
SPECIAL REPORT: As Green as It Gets
The Affordable Housing Summit was one of the highlights of the GreenBuild 2011 conference in Toronto, and while attendees contributed their own ideas about the future of sustainability, the session highlighted the Living Building Challenge.