Asian shares slip on weak U.S. data, Italy debt sale eyed

TOKYO (Reuters) – Asian shares slipped on Thursday as weak U.S. retail sales data raised fresh concerns about sluggish economic growth, while an Italian debt auction later in the day will test market confidence in whether Rome can avoid becoming the next victim of the euro zone
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After Sale Approval In Bankruptcy Court, Grubb & Ellis Moves To Next Phase Under BGC

This week a bankruptcy court judge approved the sale of the venerable but cash-strapped Grubb & Ellis Co. to BGC Partners, Inc., ushering in the latest in a series of changes that have roiled the commercial real estate brokerage business. Next comes the hard work involved in exit
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Path Cleared For Bankruptcy Court Approval of Grubb & Ellis Sale

Grubb & Ellis Co. has canceled a bankruptcy auction to sell off its assets, leaving BGC Partners, LP as the only bidder and clearing the way for a court hearing on Thursday to approve the sale. Santa Ana, CA-based Grubb & Ellis filed for bankruptcy protection on Feb. 20 and
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Silicon Valley REIT Puts Itself Up for Sale

Mission West Properties Inc. is exploring strategic alternatives for the possible sale of the company. The Cupertino, CA-based firm said it will begin a process to identify potential qualified buyers and determine an appropriate structure for the sale of the company. Currently, the co
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Piedmont Finalizes $387M Sale of Majority Stake in Leo Burnett Bldg.

Piedmont Office Realty Trust (NYSE:PDM), an Atlanta-based REIT, completed the sale of its 96.5 percent stake in Chicago’s 35 W. Wacker Drive to UBS Global Asset Management for approximately $ 387 million or $ 359 per square foot. The price equates to a value of nearly $ 401 million fo
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CBRE Arranges Land Sale Among Largest in U.S. History

National Real Estate Investor
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CIM Finalizes Sale of Hollywood HQ to Hudson Pacific

CIM Group completed its trade of 6922 Hollywood Blvd., a 205,522-square-foot office building in Hollywood, CA, to Hudson Pacific Properties Inc. (NYSE:HPP) for $ 92.5 million or $ 450 per square foot. The price is before closing costs and prorations and includes the assumption of an e
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Capri Completes $76M Sale of Watergate Office Bldg.

Chicago-based Capri Capital Partners LLC finalized its sale of the Watergate office building at 2600 Virginia Ave. NW in Washington, DC, to the Penzance Cos. The 12-story, 200,000-square-foot property traded for $ 76 million, or nearly $ 287 per square foot. A group of investors led b
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“Disastrous” bond sale shakes confidence in Germany (Reuters)

Reuters – A “disastrous” German bond sale on Wednesday sparked fears that Europe’s debt crisis was starting to threaten even Berlin, with the leaders of the euro zone’s two biggest economies still at odds over a longer-term structural solution. Yahoo! New
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Sale Leasebacks: How to Get Deals Done

National Real Estate Investor
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