Paul Rosta
Private-Equity Investments in Grubb & Ellis May Signal Larger Deal
Grubb & Ellis’ announcement on Monday that it is in exclusive negotiations with affiliates of the two private equity firms has ramped up speculation that a deal is afoot.
STORE Capital Seals $105M Sale-Leaseback Deal with O’Charley’s
The deal involves 50 of O’Charley’s Inc.’s 342 restaurants.
Economy Watch: Germans Nix Quick Fix for Euro; Slow Growth for Manufacturing
Among other issues, Germany and France disagree about how to recapitalize troubled banks, and details of the $605 billion bailout fund remain murky.
Grubb & Ellis in Exclusive Talks with C-III Capital & Colony Capital
The service firm is getting a major infusion of capital from two new stakeholders in a move that could point to a sale or other large strategic investment.
Africa Israel Sells Manhattan’s Clock Tower Building for $165 Million
The sale brings down the curtain on Africa Israel’s plan to convert the 267,000-square-foot property into high-end condominiums.
Philadelphia’s High-Rise Drought Eased by 34-Story Apartment Project
The $104 million project would be the first high-rise in any property category to get under way in the city since the 2008 opening of Comcast Center.
Economy Watch: Spike in Retail Sales Contradicts Consumer Gloom
Spending rose 1.1 percent month-over-month, the largest gain since early this year, but the Reuters/University of Michigan consumer sentiment survey underscored doubts about the economy.
Faneuil Hall Marketplace, 2 Other Properties Fetch $280M for GGP
Taken together, the sales of the three properties remove $95 million in mortgage debt from the retail REIT’s balance sheet, the company said.
GE Taps Colorado for $300M Solar Panel Plant
Large, lightweight panels produced at the facility will make solar installations on commercial building rooftops more efficient, GE contends.
Economy Watch: Home Foreclosures Down, But Still High
A 34 percent year-over-year decline may be merely a pause before the next uptick, RealtyTrack reported.