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Monthly Archives: January 2011
Weekly Market Insight :: 1.31.2011
Contributions to % Change in GDP Seasonally Adjusted Annual Rate The economy grew at a solid 3.2 percent annualized rate in the fourth quarter according to the advance estimate of gross domestic product from the Bureau of Economic Analysis. GDP … Continue reading
Expanding into Healthcare
Grubb & Ellis Co. has landed Todd Perman, the former president and CEO of Atlanta-based medical office real estate firm Healthcare Real Estate Advisors Inc. Perman’s entire team has joined Grubb & Ellis’ Atlanta office. Perman joins as senior vice … Continue reading
Posted in Atlanta
Tagged Acquisition, Atlanta, Commercial Real Estate, Disposition, Finance, Grubb & Ellis, Healthcare, Newport, REIT, Todd Perman
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Good News Friday :: 1.28.2011
Over the Hump The leasing markets for office, industrial, retail and apartment properties all began to recover last year. Office vacancy peaked in the second quarter while vacancy rates for the other property types peaked in the first quarter. The … Continue reading
Industrial Real Estate Sees Modest Recovery
By Joseph Bonney Industrial property markets are seeing “modest” recovery in line with a gradual strengthening of the economy, real estate investment firm Grubb & Ellis said. Nationwide vacancy rates for distribution centers and other industrial real estate declined … Continue reading
Irish-backed Wilton REIT Makes First Buy
By Jennifer Duell Popovec CHICAGO-Wilton US Commercial Inc. has made its first acquisition, a 1920s-vintage office building located at 65 E. Wacker Place, and it has plans to make at least two more acquisitions this year. The private REIT, … Continue reading
Posted in Atlanta
Tagged Acquisition, Atlanta, Commercial Real Estate, Finance, Grubb & Ellis, Irish, Purchase, REIT, Vacancy, Value Add, Vintage
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ProLogis, AMB May Merge to Create $14 Billion REIT
By Brian Louis and Vivek Shankar Jan. 27 (Bloomberg) — ProLogis, the world’s largest warehouse operator, is in talks to combine with rival AMB Property Corp. that would create a $14 billion real estate investment trust. The two companies are … Continue reading
Posted in Atlanta
Tagged Atlanta, Commercial Real Estate, Cost Reduction, Cost savings, Finance, Grubb & Ellis, Industrial, Merger, Prologis, REIT, Vacancy, Warehouse
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U.S. Industrial Market First Look: 2010-Q4
The vacancy rate continued to drift lower with a drop of 10 basis points in the fourth quarter, ending the year at 10.4 percent. It was the second consecutive quarterly decline of 10 basis points, indicating that the industrial … Continue reading
Weekly Market Insights :: 1.25.2011
The weak dollar is a byproduct of the sluggish economy, Federal Reserve policy targeting ultra low interest rates, and unsustainable deficits. Some analysts view the weak dollar as a sign of impending inflation. While inflation remains low in the … Continue reading
Posted in Uncategorized, Weekly Market Insight
Tagged Atlanta, Bach, China, Commercial Real Estate, Currency, Dollar, Economy, Finance, Grubb & Ellis, Inflation, Market, Market Recovery, Peg, Weak Dollar, Weekly Market Insight
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Buckhead Trophy Offices Sell for $167M
Atlanta - In a sign that Atlanta’s office market is heating up, 3344 Peachtree has sold for $167 million. The Buckhead trophy property is more than 95% leased. Jones Lang LaSalle closed the sale for Regent Parnters. Parkway Properties purchased the … Continue reading
Atlanta condo market recovering; price key
Atlanta’s condominium market is gradually recovering, but demand for condo units is still driven largely by price. Metro Atlanta had 831 condo sales in 2010, according to David Haddow, president of Haddow & Co., who issues a semi-annual intown condo … Continue reading
Posted in Atlanta
Tagged Atlanta, Commercial Real Estate, Condo market, Finance, Grubb & Ellis, homes, Intown, Market Recovery, Price, Townhomes
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