Allison Landa
Economy Watch: Retail Sales Bounce Upward
What snowpocalypse? The American consumer shrugged off the snows of February and went shopping in considerable numbers last month according to a number of retail surveys.
U.S. Unemployment Stays Steady at 9.7%
The national employment rate is holding steady at 9.7 percent, the U.S. Bureau of Labor Statistics reported today.
General Growth Gets Extension to File Reorganization Plan
General Growth Properties has been granted an extension of the exclusivity period during which they may file a plan of reorganization.
Turner Wins $73M Government Contract for DC Office Building Transformation
Thanks to allotted funds from the American Recovery and Reinvestment Act of 2009, the government has maintained a steady stream of construction activity during the recession, and Turner Construction Co. is getting in on the game.
Deloitte: Hope for Market, but Maturities Loom
While a decent amount of indicators are looking brighter than in years or even months past, the amount of loan maturities coming up in the next several years could put a dent in that optimism.
Kearny, Morgan Stanley Completes $92M Sale of Kearny South Bay Business Park
Kearny Real Estate on Thursday announced completion of the $92 million sale of Kearny South Bay Business Park, the site of the former U.S. headquarters for Nissan North America. The deal was completed in partnership with Morgan Stanley Real Estate Investing.
SL Green Lands 113,000-SF Lease at Manhattan Office Building
Those big 100-plus-square-foot office leases that all but disappeared a year ago are slowly but surely beginning to pop up again.
Economy Watch: Snowmageddon Gets One More Mention
The Federal Reserve released its latest “Summary of Commentary on Current Economic Conditions by Federal Reserve District,” otherwise known as the Beige Book, on Wednesday. The economy is growing, according to the report, but modestly.
Sofitel in D.C. Changes Hands in $95M Deal
Prime opportunities in the commercial real estate market go well beyond the distressed property pool, as evidenced by LaSalle Hotel Properties’ recent all-cash acquisition of the unencumbered Hotel Sofitel Washington, DC Lafayette Square. The Bethesda, Md.-based REIT snapped up the 237-room luxury hotel for $95 million.
Inland Western Leases 316,050 SF of Big-Box Space
Oak Brook, Ill.-based Inland Western Retail Real Estate Trust has signed 10 new leases totaling 316,050 square feet of big-box space since November 2009.