News
Covenant Retirement Communities Achieves $59.1M in Financing
Ziegler has facilitated a tax-exempt bank direct purchase on behalf of seniors housing company Covenant Retirement Communities. The direct purchase came in the form of two series of bonds totaling approximately $59.1 million and representing the first multi-state bond issuance by the Illinois Finance Authority.
Fashion Retailer Leases 218 KSF in Houston
Francesca’s Holdings Corp., the company behind the Francesca’s Collection fashion boutiques, has signed a lease for 218,000 square feet to consolidate its corporate headquarters and distribution facility “back under one roof” in Houston.
2012 Forecast: Partly Cloudy With a Chance of Improvement
CPE offers a snapshot of forecasts for the new year, portraying the likely trends that will shape commercial real estate in 2012.
Economy Watch: U.S. Still Tops with Foreign Investors; Markets Stay Calm
The United States remains the No. 1 choice for crossborder investors in commercial real estate, but its popularity has slipped somewhat. And markets worldwide took it easy yesterday.
CPE's Top 11 in '11
Taken as a whole, 2011 was something of a tumultuous year, but an interesting time for commercial real estate. CPE presents our top 11 stories from 2011.
Taubman Completes $560M Purchase of Three Centers
Retail REIT Taubman Centers Inc. has completed the $560 million purchase of three shopping centers from Davis Street Properties.
South Main building to be redeveloped into affordable community; Joint venture buys Cordova multifamily for $21.9 million
By Amalia Otet, Associate Editor
Minneapolis-based Artspace, a national nonprofit group thatworks to create, foster and preserve affordable live/work space for artists and arts organizations in cities across the country, has chosen Memphis for its latest project. The organization plans to buy and redevelop an old South Main building owned by Phil Woodard, a downtown developer. […]
Chiquita gives huge boost to Charlotte office market
By Amalia Otet, Associate Editor
After having recently decided to move its corporate headquarters from Cincinnati, Ohio to the Queen City, Chiquita Brands International Inc. announced plans to occupy five or six floors of the 20-story NASCAR Plaza in uptown Charlotte […]
Marriott Marquis Hotel and Marina $182 Million Upgrade Project Reaches California Coastal Commission for Final Approval
By Gabriel Circiog, Associate Editor The San Diego port directors have approved the upgrade project for the Marriott Marquis hotel and marina. Signon San Diego reports the plan is off to the California Coastal Commission for final approval. The $182 million project features interior remodeling, replacing the Marriott Hall which is located west of the […]
GE Capital Looking to Offload Three Suburban Office Complexes
By Gabriel Circiog, Associate Editor
GE Capital will sell three suburban office complexes, totaling around 1.2 million square feet, ChicagoRealEstateDaily.com reports. The properties were acquired in 2007 by the General Electric Co. for $302 million but they are likely to get […]