Archive for January 2011
Lending Update: An Active 2011 Expected
By Paul House, Jones Lang LaSalle
Transaction flow in all product types, led by multifamily and office, has surged from the record-low level established in 2009; through the third quarter, the four primary sectors have seen a combined increase in volume of 92 percent for the year, and full-year sales volume appears headed toward $95 billion.
Read MoreMRA Completes $112.5M Multi-Family Sale
The Highlands at Plaza Square is a 415-unit Class A property located in downtown New Brunswick, N.J. It was purchased by Highlands Urban Renewal L.L.C., which is controlled by Manulife Financial Corp.
Read MoreEconomy Watch: GDP Growth Shows Strength
U.S. gross domestic product came in at an annualized growth rate of 3.2 percent for the fourth quarter of 2010, according to the Bureau of Labor Analysis’ advance estimate. That’s a little more than the historic norm for the last 30 years (3.05 percent growth per year), but not as much as expected nor as much as desired after a recession.
Read MoreRaymond Gray: Start That Property Tax Review Today
It may seem odd to be thinking about commercial property tax appeals in January. Yet now is the best time to begin, particularly in Texas, which has an annual reassessment cycle and where the system works quickly and rewards those who prepare early. No matter where you are, however, advance preparation will usually pay off.…
Read MoreJLL Hires Data Center Expert Warner
Jason Warner will be responsible for expanding the mission critical solutions department throughout the West Coast along with coordinating with the firm’s corporate solutions group and its corporate clients’ technical real estate needs.
Read MoreCPE Radio: Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling offers insights into the top economic news of the week ending Jan. 28 and what to watch out for in the coming week.
Read MoreProLogis, AMB in Merger Talks
The two firms are considering a potential teaming of equals in which the two firms would combine in an all-stock, at-market transaction.
Read MoreMBA Talks Real Estate Finance
The Mortgage Bankers Association shared its annual assessment of the commercial real estate industry during its recent State of the Real Estate Finance Industry media conference call, during which the association also discussed its legislative and regulatory agenda. So what’s going on in the commercial real estate finance industry? In a nutshell, uncertainty about jobs and the economy.
Read MoreEconomy Watch: Split Conclusion on Crisis
What caused the financial crisis of the late 2000s? History will have to decide, because the Financial Crisis Inquiry Commission couldn’t quite come to a conclusion, even with the publication of a 545-page report after months of inquiries. The panel of 10 ended up offering a Democratic view of the crisis, with two Republicans dissenting.
Read MoreNewMark Merrill Snags 1.2 MSF Assignment
The firm was chosen by World Premier Investments and United American Properties to oversee four of the partners’ shopping centers in California and Illinois.
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