Nicholas Ziegler
ARC Healthcare Purchases Three Properties for $60.9M
Acting through its sponsor, American Realty Capital V L.L.C., American Realty Capital Healthcare Trust Inc. has completed the initial phase of its $257.5 million acquisition of a 12-property portfolio of high quality income-producing healthcare facilities.
Global Report: Housing Markets Grim in U.S., U.K.
Bad news seems to beget more bad news. According to a new report by the Royal Institution of Chartered Surveyors, housing demand in the United States and in the United Kingdom is falling short of both expectations and hopes.
Economy Watch: IMF Says World Economy on Knife-Edge; Housing Starts in the Mire
The IMF released two reports, each describing how things could get worse in a hurry. According to the Census, housing starts dropped in August. And Bernanke has unveiled a new plan for short- and long-term T notes.
CBRE Facilitates 2.1 MSF Industrial Portfolio Sale
CB Richard Ellis just completed the sale of a seven-asset, 2.1 million-square-foot national portfolio consisting of 10 buildings throughout Georgia, Michigan, Minnesota, Ohio and Texas.
Highwoods Picks Up Pittsburgh’s PPG Place for $214.1M
Highwoods has purchased Pittsburgh’s 1.5 million-square-foot PPG Place for $214.1 million, snapping it up from Market Associates L.P., an affiliate of The Hillman Co.
California’s Great America Amusement Park to Trade for $70M
Cedar Fair, owner of California’s Great America in Santa Clara, Calif., has signed a deal to sell the amusement park to JMA Ventures L.L.C. in an all-cash transaction. The active property owner will pocket $70 million on the deal.
125 KSF Lease by MSCI Brings 7 WTC to Full Occupancy
Slightly more than a week after the tenth anniversary of 9/11, the World Trade Center site has achieved another milestone: The first completed tower, 7 WTC, has reached full occupancy with the signing of MSCI Inc. to a 125,000-square-foot lease.
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