Nicholas Ziegler
Stan Johnson Co. Opens NYC Office
Despite the prevailing economic headwinds, the net-lease space continues to perform. As proof, look no further than the opening of Stan Johnson Co.’s New York City office, the firm’s fourth major expansion since 2009.
Fitch: Commercial Properties Have a Long Road to Recovery
U.S. commercial properties have seen some minor improvements of late, but the sector still has quite a ways to go before it can completely shake off the effects of the economic recession, according to Fitch Ratings.
Economy Watch: Scrutiny for the Euro Zone’s Finances
Various Euro-zone policymakers met in Washington over the weekend to take a look at the markets, and ECB president Jean-Claude Trichet characterized the situation as very serious.
Dees Stribling’s Economy Watch Weekly
Another quarrel in Congress, more investor panic, and everyone’s confidence is low. What a week. CPE‘s economic analyst Dees Stribling gives his podcast for the week ending Sept. 23, 2011.
Fifteen Group Beefs Up Miami, L.A. Portfolios with $65M in Purchases
Fifteen Group has been on a bit of a buying binge in the metropolitan areas of Miami and Los Angeles, recently shelling out $65 million in cash on various investments, predominantly in the multi-family sector.
Inland American Sells TownePlace Suites Hotels for $30M
Inland American Lodging Advisor has sold five TownePlace Suites for $30 million to GVM Hotel Partners, a joint venture involving affiliates of Gatehouse Capital, Varro Hospitality and the Muse Family Office.
PKF Report: Hotels Will be a Bright Spot Amid Economic Gloom
Amid the other bad news, it’s good to read a report that claims “it is tough not to be optimistic regarding the future of U.S. hotels.” PKF Hospitality Research’s analysis of the hospitality industry claims a 7.2 percent rise in RevPAR for 2011.
GGP, Canada Pension Plan Partner on Plaza Frontenac, Saint Louis Galleria
General Growth Properties and Canada Pension Plan are teaming up, forming a partnership to purchase the upscale 482,000-square-foot Plaza Frontenac and for CPPIB to acquire a minority stake in GGP’s 1 million-square-foot Saint Louis Galleria.
Economy Watch: Markets Go Chicken Little, G-20 Doesn’t Say Much
Wall Street was in full Chicken Little mode on Thursday, and investors rushed to Treasury notes. The G-20 called for economic action, but didn’t say what that action might be. And the Leading Economic Index gained 0.3 percent to 116.2.
Fund Watch: Green Courte Closes $410M Fund; Sunrise Secures $50M
Green Courte Partners just closed a new fund with $406.9 in commitments for investments in niche real estate assets, and Sunrise Senior Living recently obtained a $50 million senior secured credit facility from KeyBank.