Allison Landa
Preparation Led to Minimal U.S. CRE Quake Damage
Business sector financial data and analysis provider SNL Financial–which covers 41 real estate companies that have exposure in five coastal prefectures–found that the damage to properties owned by the entities it analyzes has been nominal to this point.
Economy Watch: World Economy Vexed, Fed Steadfast on QE2, Americans Pessimistic on Retirement
The world economy continued to be vexed by the disaster in Japan. On the same day as another explosion was reported at the Fukushima Daiichi nuclear power plant, the Nikkei 225 dropped nearly 11 percent, the third largest contraction ever for that index.
U.S. Firms Take Stock of Portfolios in Japan
AMB Property Corp., CB Richard Ellis Inc., Simon Property Group and Starwood Hotels & Resorts Inc. all have properties in the stricken nation.
APF Properties, Prudential to Buy 28 W. 44th St. for $161M
While the property is not one of those premier office destinations with steady, long-term flow so deeply coveted by many an investor these days, it still brought out its share of eager buyers.
Barnett Joins Colliers as Senior Vice President
Richard Barnett will lead the healthcare and life sciences practice in the firm’s development and consulting services group.
Economy Watch: Japanese Disaster, Bank of America
Investors in Japanese equities proved to be as jittery as expected, with the Nikkei 225 average closing 6.2 percent down in Japan, on record volume of 4.9 billion shares. The only Japanese industry whose stocks gained were construction, since there will be a lot of rebuilding ahead.
Industrial Venture Holds Capacity for 4 MSF
With the creation of two new development partnerships accounting for a combined 277 acres in metropolitan Tampa Bay, Fla., Brennan Investment Group L.L.C. is positioning itself to become the go-to firm for build-to-suit industrial properties in the area.
Economy Watch: Quake, Inflation, Fannie
The impact of the earthquake, tsunami and nuclear incident in Japan unfolded across the Japanese and world economies over the weekend as certainly as the shocking physical disaster had unfolded across the eastern coast of Honshu, the nation’s main island.
Lend Lease to Build for 7-Eleven
The retail chain plans to boost its profile by at least 500 stores this year via individual store capital leases, business conversions and acquisitions.