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Volume 2 - Number 20 | October 19, 2004
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TOP STORY: TIC Industry Members Meet With NASD Officials
By Michelle Napoli
Roughly a month after the National Association of Securities Dealers requested information on tenant-in-common deals from member broker-dealers, a group of TIC industry participants met with officials at the NASD’s Washington, DC headquarters on Oct. 9. Their discussion sheds some much-needed light on when regulators might weigh in on these transactions.
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INSIDER: First Industrial Realty Trust's Bob Micera
By Michelle Napoli
Bob Micera recently joined Chicago-based industrial REIT First Industrial Realty Trust Inc. as SVP and national head of net-lease investments. NET LEASE forum spoke with Micera, who splits his time between offices in Pine Brook, NJ and Manhattan, about his prior experience on the corporate advisory side and how that meshes with his new role at the REIT, among other topics.
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At Deadline: Second-Biggest TIC Deal Of The Year
By Michelle Napoli
Passco Real Estate Enterprises Inc. of Irvine, CA was expected to close early this week on a tenant-in-common deal that is believed to be the second largest of the year and one of the four largest ever in the industry’s history.
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Available Chicago Net-Lease Properties Up 259%
By Michelle Napoli
Net-lease properties on the market throughout the Chicago metropolitan area were up a whopping 259% in the third quarter compared to data from March 2004. According to a report released earlier this month by Northbrook, IL-based Boulder Group research director Jeff Rothbart, in addition to the sheer number of available properties, the cumulative value of properties is up significantly as well, by 199%.
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