Nicholas Ziegler
DLA Piper Panelists: This Summer Took a Toll on CRE
Is the market recovery for real? The question seemed reasonable in the summer, but volatility is back in the capital markets, according to the panelists at DLA Piper’s Global Real Estate Summit 2011.
KPMG Survey: Economic Recovery? Not Until ’13 or Later
A recent survey by audit and tax firm KPMG falls in line with most other economic reports in the early part of October 2011: Things are slowly improving, but a real recovery is still years away.
Economy Watch: ADP Reports Middling Job Growth; BoA, Army Cause Layoff Surge
According to ADP, private U.S. businesses hired a net of 91,000 workers in September — but Bank of America plans a reduction of 30,000 workers and the Army plans a reduction of 50,000. Non-manufacturing activity grew in September for the 22nd consecutive month.
Penzance Purchases 155 KSF D.C. Suburb Office Building for $67M
Penzance just purchased the 154,922-square-foot office building at 1555 Wilson Blvd. in Arlington, Va., from Stuart H. Miller Co. for $67 million. The property is located in the bustling Rosslyn-Courthouse-Ballston Corridor.
Lodging Sector’s Fortunes Tied to the Larger Economy
By Maria Maslovsky, Assistant Vice President, Moody’s
The dramatic fall and equally striking rise of RevPAR in the hospitality sector has once again demonstrated that lodging is the most volatile of the property sectors because of its shortest “lease term” — typically, one night.
Back to the Future: What Happened to the FASB Lease Accounting Changes?
By John DeCouto, Senior Partner, Lee & Associates
The “lease accounting standards” from the FASB and the IASB seems to have faded from discussion, but capitalization of all operating leases, with few exceptions, will have an effect on corporate credit in the near future.
Hedging Against Inflation Through Real Estate
By Bob Bach, Senior Vice President & Chief Economist, Grubb & Ellis
Real estate has a reputation as a hedge against inflation, and, in the long run, it does offer protection not available from most investment alternatives. But there are other factors investors should keep in mind.
Keeping the Faith on CMBS Amid Market Forces
While it’s been a negative few months for the CMBS market, from delinquencies to the removal of lender options, there are still reasons to keep the faith.
CBRE Acquires ING’s Real Estate Investment Management Operations in Asia
CBRE has taken a big step toward the completion of its $940 million acquisition of substantially all of ING Group N.V.’s securities and management businesses, closing on the purchase of ING Group’s operations in Asia,