Finance Net Leasing
ProLogis Expands Roles Within Global Investment Management Group
July 17, 2008

ProLogis has made two appointments for leadership of its Global Investment Management group. Ralf Wessel has been appointed as managing director of Global Investment Management with responsibility for the creation and strategy of new funds and property fund investor relations. Most recently, he was the senior vice president of European Fund and Capital Markets with responsibilities for the management of the European funds and the related assets. Prior to joining ProLogis, Wessel worked with Equity Estate, where he was responsible for initiating and structuring new investment vehicles for international investors. To succeed Wessel, Simon Nelson has been appointed as senior vice president of Fund Management and Acquisitions in Europe and head of Asset Management for ProLogis European Properties. Nelson joined ProLogis in 2001 with initial responsibility for investment acquisitions in southern Europe. Most recently, he has been responsible for European acquisitions and dispositions while coordinating independent portfolio valuations. Prior to joining ProLogis, Simon was a partner and investment director at DTZ in France, covering all aspects of commercial real estate investment.

 
Recent Net Leasing Headlines
Healthcare REIT Snaps Up Wellness Centers in $100M Sale-Leaseback Deal
Aug. 28, 2008
Four wellness centers operated by Life Time Fitness Inc. have come under the ownership of Senior Housing Properties Trust, courtesy of a $100 million deal. Life Time Fitness will continue to occupy the properties under a triple-net lease agreement through its subsidiary, LTF Real Estate Co.
A&B Sells Austin-Area Retail Center, Eyes Savannah Industrial Market
Aug. 26, 2008
A&B Properties Inc. has sold Boardwalk Shopping Center--a 184,600-square-foot retail center on 21 acres in the Austin submarket of Round Rock, Texas--with intent to reinvest the proceeds in another the burgeoning Savannah, Georgia, industrial market.
AT&T HQ AT&T, Equity Capital Management Close on $72M Atlanta-Area Sale-Leaseback
Aug. 25, 2008
AT&T walks away with a pocketful of cash and gets to stay put at its 407,000-square-foot digs in Tucker, Ga., with the completion of a $72 million sale-leaseback transaction orchestrated by Jones Lang LaSalle's capital markets group.
Grubb & Ellis Realty Investors Nabs 199,000-SF 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.
 

 

Equity Residential Gets $550M Loan
August 28, 2008
By Barbra Murray, Contributing Editor -- Chicago-based Equity Residential Inc. has closed on $550 million in financing, putting up 15 of its multi-family properties as collateral. Originated by Wells Fargo for repurchase by Fannie Mae, the secured interest only loan...

Lehman May Accelerate Mortgage Asset Sales
August 28, 2008
By Dees Stribling, Contributing Correspondent -- Lehman Brothers Holdings Inc., in an effort to both staunch its massive losses and tap into a burgeoning market for commercial real estate debt, is reportedly exploring a strategy that would have it set...

Fire Brought Down 7 WTC: Report
August 28, 2008
By Tom Dworetzky, News Editor -- At a technical briefing this week, Shyam Sundar, lead investigator for the federal building and fire investigation of the World Trade Center disaster conducted by the National Institute of Standards and Technology, revealed in...

Maguire Wraps Up $211M Orange County Office Sale
August 28, 2008
By Barbra Murray, Contributing Editor -- Los Angeles-based Maguire Properties Inc. has closed the disposition of Main Plaza, selling the 607,000-square-foot trophy office complex in Irvine, Calif., to Shorenstein Properties L.L.C for $211 million including the assumption of $161 million...

Fund Invests $44M in Texas, Ohio Student Housing
August 27, 2008
By Gail Kalinoski, Contributing Editor -- The Place/BV Student Housing Fund L.L.C. continues to make investments in student housing facilities across the United States, with two more announced today. The properties will be developed in Texas and Ohio for $44...

Do You Have A Bad Attitude?
August 22, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Show me a CEO with a bad attitude and I'll show you a poor leader. While this sounds simple enough at face value, I have consistently found that one of the most often...

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...