Last Updated: September 23, 2005 07:21pm ET

Staubach Affiliate Wins Bidding War, Plans 400,000-SF Power Center

By Amy Wolff Sorter

PEORIA, AZ-Cypress Equities West places a winning bid of $13.5 million in a face-off for a 55-acre ground lease with the Arizona State Land Department, which reels in 25% more than the land value and an extra $65 million in rent over the term.

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Distressed CRE Continues to Ebb

WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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