Finance Net Leasing
ProLogis Leases 120,000 SF to CommScope near Reno
Jan. 08, 2009
ProLogis has leased 120,000 square feet of recently completed industrial space near Reno, Nev., to CommScope.
Smaller Net Lease Deals, Patient Approach Mark 2009, Says Hughes
Jan. 06, 2009
CPN editor-in-chief Suzann Silverman spoke with Jeff Hughes, senior director for Stan Johnson Co., about the outlook for the net lease sector in 2009 and the approach his nine-person team is taking to brokering single-tenant deals.
ProLogis Leases 282,000 SF to Safelite AutoGlass
Jan. 05, 2009
ProLogis has leased approximately 282,000 square feet at ProLogis Park Ontario Airport in Ontario, Calif., to Safelite AutoGlass.
ProLogis Leases 90,000 SF in South Carolina
Dec. 24, 2008
ProLogis has leased 90,000 square feet of distribution space with two customers in Greenville, S.C. 
ProLogis to Sell China Operations, Interest in Japan Funds to GIC for $1.3B
Dec. 23, 2008
Looking for ways to quickly cut debt and strengthen its balance sheet, industrial REIT giant ProLogis said it was selling its China operations and a 20 percent interest in its Japan property funds to GIC Real Estate for $1.3 billion.
Next Real Estate Frontier?
Dec. 23, 2008
Infrastructure like toll roads, bridges, wastewater treatment facilities and the like does not precisely count as real estate, though it is a physical asset that produces a revenue stream, so the difference may be only academic.
Nationwide Completes Sale-Leaseback of Newark Corporate Office
Dec. 18, 2008
Nationwide Financial Network has finalized the sale and partial leaseback of its corporate office at 300 Continental Drive in Newark, Del. Nationwide was represented by CB Richard Ellis Inc. in the deal.
New Chicago Lease Further Evidence that ProLogis is Alive and Kicking
Dec. 17, 2008
Even if the generals have a brilliant plan for victory, wheels still need to roll at the front line if it’s all going to mean anything. In the case of ProLogis, time might still have to tell regarding the warehouse/distribution giant’s recovery strategy, but the ground-level activity seems to be rolling forward much as usual.
Cole REIT Announces $2.5B Offering
Dec. 17, 2008
Cole Credit Property Trust III has kicked off a public offering of up to 250 million shares of common stock valued at approximately $2.5 billion. Net proceeds from the offering will be primarily earmarked for the acquisition of net leased retail properties.
ProLogis Announces Leases in Japan, Nevada
Dec. 17, 2008
ProLogis has pre-leased approximately 190,000 square feet near Tokyo to Arata Co., a wholesale distributor and third-party logistics provider
AG Net Lease Completes $34M Sale-Leaseback
Dec. 16, 2008
AG Net Lease, the net lease arm of  Angelo, Gordon & Co., has acquired five of Consolidated Container Co.’s, manufacturing and distribution facilities located in three states for $34.3 million. 
ProLogis Leases 118,500 SF near Columbus
Dec. 12, 2008
ProLogis has leased approximately 118,500 square feet near Columbus, Ohio to Health Care Logistics, a distributor of unique and hard-to-find healthcare products.
ProLogis Closes $121M in Financing for Japan Fund
Dec. 11, 2008
Industrial property REIT ProLogis has closed $121 million in financing on behalf of one of its Japan Properties Fund II. The financing is with two separate banks: The Sumitomo Mitsui Banking Corp. and The Chiba Bank Ltd., both in Japan.
ProLogis Leases 489,000 SF in California
Dec. 10, 2008
ProLogis has leased approximately 489,000 square feet of distribution space to a pair of tenants in California’s Central Valley.
Sale-Leasebacks Still Attract Attention Worldwide
Dec. 09, 2008
The credit freeze has slowed direct investment in commercial real estate everywhere in the world, but in some places sale-leaseback activity is picking up some of the slack.
ProLogis Leases 300,000 SF to Daimler Trucks in Memphis
Dec. 09, 2008
ProLogis has leased 300,000 square feet of distribution space in Memphis, Tenn., to Daimler Trucks North America, the company announced. 
Boulder Seeks Investment Partner for Net Lease Buys
Dec. 08, 2008
Boulder Net Lease Funds, a sponsor of private equity funds investing solely in net leased properties, is on the hunt for a partner for a new joint venture that will focus on single-tenant, net leased office and industrial properties.
Pair of Firms Lease 250,000 SF at ProLogis Complex in Japan
Dec. 05, 2008
ProLogis has signed new lease agreements for approximately 250,000 square feet of distribution space in Osaka, Japan to two third-party logistics providers.
Firm Inks 205,000-SF Lease Near Baltimore
Dec. 04, 2008
ProLogis has leased 205,000 square feet near Baltimore to PrimeSource Building Products, a building materials distributor.
ProLogis Lines Up Over $200M in Financing
Dec. 03, 2008
ProLogis isn’t wasting time. In a presentation to investors on Nov. 13, new CEO Walter Rakowich gave some specifics about how the company, the world’s largest developer/owner of distribution facilities, would respond to a financial crisis that included a stock price in freefall and the resignation of the previous CEO, Jeffrey Schwartz. The three-pronged strategy that Rakowich presented comprises deleveraging ProLogis’ balance sheet, minimizing risk in its business model and downsizing.
ProLogis Closes $105M Refi, Extension of Global Line of Credit
Dec. 02, 2008
Just weeks after promising to do all it could to refinance or renegotiate maturing debt, ProLogis has closed on a $105.8 million financing of a Chinese tranche in its global line of credit.
Unsettling Calm After the Storm
Nov. 25, 2008
The credit freeze that came with the Panic of 2008 this fall has put the sale-leaseback business in a peculiar bind. Because obtaining financing is more difficult than it used to be, companies that happen to own real estate are looking ever more closely at the possibility of unloThe credit freeze that came with the Panic of 2008 this fall has put the sale-leaseback business in a peculiar bind. Because obtaining financing is more difficult than it used to be, companies that happen to own real estate are looking ever more closely at the possibility of unlocking that capital via a sale-leaseback.cking that capital via a sale-leaseback.
Realty Income Retires $100M Monthly Income Senior Notes
Nov. 24, 2008
Realty Income Corp. retired all of its outstanding $100 million, 8.25 million monthly income senior notes, due November 2008. The 2008 notes were retired at a price equal to 100 percent of the principal amount of the 2008 Notes, plus accrued interest.
Ben Butcher STAG Capital Kicks Off Industrial Fund with Anticipated $1.3B Buying Power
Nov. 19, 2008
Boston-based STAG Capital Partners has initiated STAG Investments V L.P., a fund targeting commitments of $400 million for the acquisition of predominantly high-yield single-tenant industrial properties across the country.
CBRE Promotes 4 to SVP
Nov. 18, 2008
CB Richard Ellis has promoted Sacha Zarba, Doug Lehman, Andrew Sussman and Bill Mooney to senior vice president.  They were previously first vice presidents.
 

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Pending Home Sales, Factory Orders Dip
January 07, 2009
By Dees Stribling, Contributing Editor-- It isn't clear that the days of yo-yoing equity markets have gone away--just wait until the next international shock or surprise bankruptcy--but for the moment the Dow Jones index seems to have mellowed out. It...

REal Talk with Adam Perrotta-Tuesday
January 06, 2009
Add Macquarie and CNL Financial to the list of firms looking to capitalize on the struggling state of the investment market. The duo's just-announced $1.5 billion global REIT will likely find some pretty good bargains to be had from sellers...

Construction Industry Faces Hard 2009
January 06, 2009
By Dees Stribling, Contributing Editor-- The equity markets dropped considerably Monday morning, but then yo-yoed around for the rest of the day--small fluctuations, really--and ended up slightly down, for the first time in four trading sessions and the first time...

REal Talk with Adam Perrotta-Monday
January 05, 2009
As the new year dawns, there is much to suggest that the hangover of 2008 will be sticking around for some time to come. Troubling financial and economic reports continue to haunt the headlines, the housing market remains in the...

Markets Start 2009 With Upward Bump
January 05, 2009
By Dees Stribling, Contributing Editor-- Instead of a lackluster lull after the New Year' s holiday, investors decided to buy equities on Friday, driving the Dow Jones index up 258 points, or nearly 3 percent. The S&P 500 and Nasdaq...

Management Matters with Mike Myatt: The Next Domino to Fall
December 04, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --The next domino in the economic downturn is already starting to fall. The more layers of the onion we peel back on the chaos in the capital markets, the worse the news seems...

Management Matters with Mike Myatt; Web 3.0
November 20, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --As quickly as Web 2.0 arrived, it is being overcome by the next generation of digital applications and toolsets. Moreover, the need for broader understanding as to how to implement a more sophisticated...

Management Matters with Mike Myatt: Teach Them to Fish
November 14, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Do you feed your employees, or do you teach them how to fish? Do you like to swoop in and save the day? Do you see yourself as the white knight that can...

Management Matters with Mike Myatt: Good Employees Are Not Expendable
November 07, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Good employees are not expendable. As a CEO running a company during tough economic times, if your strategy to survive the economic downturn is to implement a slash and burn approach to cost...

Management Matters with Mike Myatt: Surviving the Economic Downturn
October 17, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --As odd as it may sound, if you want to survive the economic downturn, increase your marketing expenditures. If you're the short-sighted CEO who cuts back on marketing, branding, and advertising budgets in...