Nicholas Ziegler
NorthMarq, Cushman Merge Minnesota Operations
NorthMarq president Jeff Eaton calls it “a great partnership.” Cushman & Wakefield SVP Clint Miller says the same. Both spoke with CPE about the two firms’ merger to create the Minnesota-based Cushman & Wakefield/NorthMarq Real Estate Services.
Savanna Begins $65M Acquisition, Re-Development of Downtown NYC’s 80 Broad St.
80 Broad St., near the southern tip of New York City, was just purchased by Savanna, which snagged a $65.3 million loan from Mesa West for the building’s acquisition and planned capital improvements.
Economy Watch: Existing Home Sales Unexpectedly Up
The NAR reported that existing U.S. home sales spiked 7.7 percent in August. The FOMC announced Operation Twist, a new policy of buying long-term U.S. debt in place of shorter-term debt. Forbes released its 400-richest list.
Refi Alert: $56M for Honolulu Multi-Family, $47.5M for Renaissance Raleigh
Lenders are slowly becoming less shy about doling out financing loans, and the Oasis at Waipahu apartment community near Honolulu and the Renaissance Raleigh North Hills Hotel in Raleigh, N.C., have garnered an aggregate $103.5 million.
U.S. Healthcare REITs Can Withstand Medicare Reimbursement Cuts
By Jan Svec, Senior Director, U.S. REIT group, Fitch Ratings
Healthcare REITs are well positioned to deal with Medicare cuts for three reasons: granularity, location and asset management.
Single-Tenant Properties: Net-Lease Investors Increase Risk to Find Yield
By Coler Yoakam, Director, Holliday Fenoglio Fowler L.P.
Supply constraints and an abundance of capital for new credit tenant leases in first-tier markets are pushing investors to adjust their acquisition criteria and accept more risk in their net-lease investments.
Analysis of a Sale-Leaseback
By Randolph Mason, Senior Vice President & Partner, Lee & Associates
Sale-leasebacks can be an excellent way for an owner occupant to generate cash. Randolph Mason takes an in-depth look.
The Rumblings of a Double-Dip Recession Against Positive CRE Performance
While the worries about a double-dip recession are valid, there are strong fundamentals within commercial real estate – especially in multi-family and some office markets – that may hold off disaster.
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