Latest EDGE News

London’s Prime Residential Rents Jump 9.7% Over Last Year

July 02, 2012

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Robert Bartlett According to London-based Chesterton Humberts’ London Prime Residential Lettings Market Snapshot report, prime London residential lettings market has experienced a healthy start in Q1, 2012. Report highlights include: Q1 Prime London residential rents increased b

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Ventas Sells 12 Senior Housing Communities; Settles Lawsuit

July 02, 2012

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Ventas Atria Darien, Conn. Ventas, Inc. recently announced it sold twelve seniors housing communities to Assisted Living Concepts, Inc. for a total of $ 100 million in cash, settling a lawsuit Ventas filed against ALC. Prior to the sale, ALC, a Milwaukee-area long-term care provider,

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Sulzer CEO says has means for acquisitions-paper

July 01, 2012

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ZURICH (Reuters) – Swiss engineering group Sulzer is looking for acquisitions and has the financial firepower to spend in the range of 1 billion Swiss francs ($ 1.06 billion), the company's chief executive was quoted as saying on Sunday. "We have sufficient means to ca

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DiCaprio Places His Malibu Beach Home Up For Rent

July 01, 2012

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Known for the variety of the roles he plays, Leonardo DiCaprio now is trying his hand at Malibu beach house landlord. He has listed his oceanfront Cape Cod-inspired home for $ 75,000 a month for a long-term tenant or $ 150,000 a month for leases of less than six months. His Malibu Col

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Wells Names Morris Chief Real Estate Officer

June 30, 2012

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Wells Real Estate Funds appointed Patricia Morris as chief real estate officer. Morris supersedes Don Henry who after a decade with the company will step down effective August 21, 2012. “While we are sad to lose a person of the caliber of Don Henry,” said Robert Kennedy, president of

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Wall Street Week Ahead: Can EU deal lift stocks for more than a day?

June 30, 2012

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NEW YORK (Reuters) – Stocks finished the first half of the year with a bang as investors welcomed news that the euro zone is a step closer to solving its 30-month-long debt crisis. Now for the question: Is this rally strong enough to last for more than a day? The S&P 500 and

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BigFoot Entertainment Acquires The Piazza Bldg

June 30, 2012

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Big Foot Entertainment, Inc. acquired the flex building at 2939 N. Powerline Rd. in Pompano Beach, FL from Alpert LP for $ 2,769,075, or about $ 50 per square foot. The Piazza Building was bought in a short sale as an investment with only 50 percent occupancy at the time it closed. Th

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Asian stocks, euro surge on EU bond support

June 29, 2012

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TOKYO (Reuters) – Asian shares jumped and the euro surged more than 1 percent on Friday after European leaders agreed that euro zone banks could be recapitalized without adding to government debt, soothing fears over growing credit strains in Italy and Spain. As the dollar retre

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CoStar’s People of Note (June 24-30)

June 29, 2012

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This week’s People of Note includes the following markets: Atlanta, Boston, Washington, DC and Western Michigan. ATLANTA Wells Names Morris Chief Real Estate Officer By Laurie Forbes Wells Real Estate Funds appointed Patricia Morris as chief real estate officer. Morris supersede

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