Nicholas Ziegler
Zell, Zuckerman Headline at DLA Piper Global Market Summit
Real Estate mavens Sam Zell and Mort Zuckerman co-headlined the DLA Piper Global Real Estate Summit held yesterday in Chicago, and both offered perspectives on how the political climate is affecting CRE.
Cole Acquires 5 Multi-Tenant Retail Centers for $58.2M
In five separate transactions, Cole Real Estate Investments has added five additional multi-tenant shopping centers across three states for an aggregate $58.2 million.
Taconic Closes $220M Fund for CRE Assets in NYC
New York-based Taconic Investment Partners has closed on Taconic New York City Investment Fund L.P., an investment fund with $220 million in committed equity to acquire commercial properties in the NYC area.
Economy Watch: Bernanke Hints at More Fed Intervention
In not so many words, Bernanke called for some stimulus — as long as inflation isn’t bad. A new report concluded that the FHF failed to notice foreclosure abuses in recent years. And after a number of down days, Wall Street ended up on Tuesday afternoon.
Cushman: NYC ‘A Hot Leasing Market’
In its third-quarter overview, Cushman & Wakefield painted a scene of a picturesque New York City leasing market.
Trade Street Capital Purchases 560-Unit Nashville Luxury Multi-Family for $71M
Trade Street Capital just sold the 560-unit Wyndchase Aspen Grove multi-family property to a real estate fund advised by Crow Holdings Capital Partners, L.L.C. for $71 million.
Stiles Sells Bank of America Plaza at Las Olas in Ft. Lauderdale for $164M
Nine years after developing Bank of America Plaza at Las Olas City Centre in Fort Lauderdale, Fla., Stiles has sold the 410,000-square-foot trophy office building for $164 million to a real estate fund managed by J.P. Morgan.
Economy Watch: Construction Spending Up Unexpectedly
Construction spending experienced a surprise 1.4 percent uptick in August, according to the Census. Economic activity in the manufacturing sector expanded in September for the 26th month in a row, and worries about the Greek economy continue.
Grosvenor Purchases The Campus at Sunrise for $63M
Grosvenor Americas just acquired The Campus at Sunrise in Reston, Va., for $63 million after purchasing it from BPG Properties Ltd.