Finance Net Leasing
Grubb & Ellis Realty Investors Nabs 199,000SF Atlanta Office
Aug. 21, 2008
One Live Oak, a 199,000-square-foot office property in Atlanta, has just been snapped up by Grubb & Ellis Realty Investors L.L.C., which made the purchase on behalf of tenant-in-common investors. Crescent Real Estate Equities was the seller, having shelled out $31 million to acquire the property from TMW Real Estate Group in late 2004.
Equity International Brazilian Logistics Investment
Aug. 20, 2008
Equity International, the privately-held investment company focused on real estate-related businesses operating outside of the United States, has announced the closing of a $100 million commitment in AGV Logística, a privately-held logistics company based in Sao Paulo, Brazil.
ProLogis Expands Industrial Portfolio in Mexico
Aug. 20, 2008
ProLogis plans to develop approximately 500,000 square feet of industrial warehouse space in Ciudad Juarez, Mexico. The firm is now beginning phase one of the development at ProLogis Park Centro Industrial Juarez in Ciudad Juarez.
W.P. Carey Closes $58M Sale-Leaseback in Germany
Aug. 20, 2008
New York City-headquartered W.P. Carey, acting through its publicly held non-traded REITs CPA(R):15 and CPA(R):17 - Global, has completed a sale-leaseback transaction in Germany with U.K.-based automotive supplier Wagon Plc.
AT&T Dallas HQ Icahn Nabs AT&T's Dallas HQ in Sale-Leaseback
Aug. 20, 2008
Transferring its headquarters from San Antonio to Dallas, telecom giant AT&T Inc. has moved into a 37-story high-rise and sold the building in a sale-leaseback deal to Icahn Enterprises for an undisclosed amount.
NetLease Q&A: CB Richard Ellis' Sandquist Says Quality Deals, Sale-Leaseback Best Bets Now
Aug. 19, 2008
In business parlance, doom usually comes paired with gloom, and the current state of the real estate market – even commercial sectors whose fundamentals aren’t that bad – inspires people to haul out that set of words. But not everyone sees things that way, least of all in the net lease business. Andrew Sandquist, senior vice president in the Oak Brook, Ill., office of CB Richard Ellis Inc., and a net lease investment specialist with the company’s investment properties group, points out that the pace of net lease investment sales may be slower than it once was, but that deals are getting done despite problems with the debt markets and the wider economy. In fact, problems with debt are spurring some pockets of activity in the business – particularly sale-leaseback transactions.
286,000-SF Sale-Leaseback Deal Incorporates Houston Food Distributor's Expansion
Aug. 15, 2008
Two years after developing its 286,000-square-foot Houston headquarters and distribution center, Glazier Foods Co. Inc. has sold the Class A property in a triple-net sale-leaseback transaction with GSL Welcome Group L.L.C.
ProLogis, Browning JV Leases 947,000 SF at AirTech Park
Aug. 14, 2008
ProLogis and Browning Investments Inc., an Indianapolis-based developer of commercial real estate, have announced that their joint venture has signed a new lease agreement for 947,000 square feet near Indianapolis, Ind.
Beaulieu bldg First Industrial Continues to Expand in Metro Seattle
Aug. 14, 2008
Having entered the Seattle market only last year, Chicago-based First Industrial Realty Trust has grown its presence there steadily, its most recent transaction being the just-announced acquisition of a three-building distribution portfolio in the Kent Valley. The Class A buildings total 233,000 square feet and are 100 percent leased.
First Industrial, CalSTRS Break Ground in Master-Planned Minneapolis Industrial Park
Aug. 13, 2008
First Park Lakeville, First Industrial Realty Trust Inc.'s 1.4 million-square-foot master-planned industrial park in suburban Minneapolis, will soon get a new tenant, now that the developer has broken ground on a 285,000-square-foot distribution center for Uponor North America. Located in Lakeville, Minn., about 25 miles from Minneapolis, the 140-acre First Park is a project of First Industrial's development and repositioning joint venture with public pension fund California State Teachers' Retirement System.
parcels HFF Arranges $56M Funding for $80M SFO Logistics Center Buy, Development
Aug. 13, 2008
Centrum Properties Inc. and Angelo, Gordon & Co. have secured $56.3 million in financing to acquire and reposition the SFO Logistics Center, a 572,000-square-foot warehouse-distribution center and adjacent 5.2-acre land parcel in south San Francisco that had been owned by the federal government for decades. An HFF executive who arranged the financing told CPN today the entire deal is worth $80 million.
HFF Closes $24M Sale of The Carlyle Apartments in New Jersey
Aug. 07, 2008
The New Jersey office of Holliday Fenoglio Fowler L.P. has announced that it participated in the sale of The Carlyle Apartments, a 13-story, 128-unit Class A multi-family building in Hackensack, N.J.
USAA Nabs Sears Distribution Center in Pennsylvania
Aug. 07, 2008
The Sears Distribution Center in Covington Industrial Park has been purchased by USAA, according to a Cushman & Wakefield Inc. announcement. The new facility, which is occupied on a long-term lease by Sears Logistics Services, is a 1,026,000-square-foot property located on 74 acres in Covington Township, Penn.
Realty Income's Lewis Sees Slow Recovery for Retail Net Lease Market
Aug. 05, 2008
Current tepid deal volume in the net lease market should continue, though the impact on his company would be relatively small, Realty Income Corp.'s CEO Tom Lewis advised during his latest company conference call. This assessment comes not long after he struck an agreement with the bankrupt Buffets Holdings Inc. regarding 104 net leased retail properties (as reported by CPN in July). Realty Income ended its second fiscal quarter with occupancies of 96.8 percent among the 2,367 properties that it already owns, or about 60 basis points lower than at the end of the first quarter, he noted.
ProLogis Leases 211,000 SF to Centrum Logistics in Romania
Aug. 04, 2008
ProLogis has leased 211,000 square feet of industrial space in Bucharest, Romania, to Centrum Logistics, a European provider of third-party logistics services and a subsidiary of Groep H. Essers, a Belgium-based transport and logistics company.
Pep Boys Completes $77M Sale-Leaseback
Aug. 01, 2008
The automotive aftermarket retailer Pep Boys, whose full corporate name is The Pep Boys Manny, Moe & Jack, has completed a sale-leaseback of 22 properties for $77.5 million. The company will continue to operate the properties as Pep Boys stores, for a lease term of 15 years, with four, five-year extension options.
RioCan in $40M Sale-Leaseback of Ottawa Retail Property
July 31, 2008
RioCan Real Estate Investment Trust, Canada’s largest REIT, has purchased a 142,000-square-foot, two-story retail building in Ottawa for $40 million and agreed to a 15-year lease to the seller and primary tenant, Canadian Tire.
Le Havre ProLogis Leases New Facility to French Supermarket Group
July 28, 2008
International distribution facility giant ProLogis has leased 277,000 square feet near the Port of Le Havre, France's largest container port by volume, to Cedilec, a French provider of third-party logistics services for the food retail industry.
W. P. Carey Acquires 4 Manufacturing Facilities in Germany, United States
July 28, 2008
W. P. Carey & Co. L.L.C. said today that CPA®:16 - Global, its publicly held non-traded REIT affiliate, has provided approximately $18 million in sale-leaseback financing to The Leipold Group through the acquisition of one U.S. and three German manufacturing facilities.
Capitol_Lounge Capitol Lounge Building Sold in DC
July 22, 2008
The Capitol Lounge building located at 229 Pennsylvania Avenue in Washington, D.C., has been sold by the NorthMarq investment sales team of Jim Karnack, Jerry Burg and Matt Clinebell, the company said today.
Net Lease Sees Sluggish Second Quarter
July 22, 2008
The net lease market has entered a period of lower sales and lower expectations, according to the latest report by Northbrook, Ill.-based Boulder Net Lease Funds L.L.C.
ProLogis Leases 252,000 SF to Schenker in France
July 21, 2008
ProLogis has leased 252,000 square feet of distribution space in France to Schenker S.A., a French subsidiary of the Schenker Group.
Grubb & Ellis Sells Texas Office Property
July 17, 2008
Grubb & Ellis Realty Investors L.L.C. announced the disposition of 1410 East Renner Road, a two-story office building in the Dallas suburb of Richardson, on behalf of tenant-in-common investors.
ProLogis Expands Roles Within Global Investment Management Group
July 17, 2008
ProLogis has made two appointments for leadership of its Global Investment Management group.
Inland, Bank of America in $152M Sale-Leaseback
July 15, 2008
Bank of America, NA and a joint venture involving Inland Real Estate Corp. have agreed on a sale-leaseback of four of the former’s office buildings.
 

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220-Acre Mixed-Use in Works Near University of Missouri
August 20, 2008
By Barbra Murray, Contributing Editor -- A 220-acre parcel near the University of Missouri's Discovery Ridge research park in Columbia is on tap to sprout a gargantuan mixed-use project. Forum Development Group, the owner of the land, recently wrapped up...

Icahn Nabs AT&T's Dallas HQ in Sale-Leaseback
August 20, 2008
By Tonie Auer, Southwest Correspondent -- Transferring its headquarters from San Antonio to Dallas, telecom giant AT&T Inc. has moved into a 37-story high-rise and sold the building in a sale-leaseback deal to Icahn Enterprises for an undisclosed amount. The...

W.P. Carey Closes $58M Sale-Leaseback in Germany
August 20, 2008
By Barbra Murray, Contributing Editor -- New York City-headquartered W.P. Carey, acting through its publicly held non-traded REITs CPA(R):15 and CPA(R):17 - Global, has completed a sale-leaseback transaction in Germany with U.K.-based automotive supplier Wagon Plc. The properties involved are...

Och-Ziff, Kolter in $1B Southeast Residential JV
August 20, 2008
By Scott Baltic, Contributing Editor -- New York-based Och-Ziff Capital Management Group and Kolter Group of West Palm Beach, Fla., have announced the formation of a $1 billion joint venture that will target residential properties in the Southeast that are...

REal Talk with Adam Perrotta-Tuesday
August 19, 2008
By Adam Perrotta, News Writer --In the latest example of a firm looking to snap up debt in the wake of the credit crunch, Apollo Real Estate Advisors has pumped up funding for its debt investment fund to $930 million....

Is Family Business a Good Idea?
August 15, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Oh what a conundrum! Family business: Should I, or shouldn't I? In my opinion there really isn't a right or wrong answer to this question. It is simply a matter of personal preference....

What to Do When Marketing Goes Wild
August 08, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Have your company's marketing initiatives wandered astray? Is the proverbial tail starting to wag the dog with respect to your current marketing campaigns? How do you know when marketing is out of control?...

Six Mistakes Real Leaders Avoid
August 01, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --I recently had a reader ask: "Is there a simple test that can be used to quickly determine an executive's leadership ability?" The short answer is yes. There are, in fact, a great...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...

Know Thy Customer
July 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...