Allison Landa
IHOP Expands to Middle East
The restaurant chain has inked a multi-restaurant franchise agreement for the development of 40 new locations in Kuwait, Saudi Arabia, Jordan, Lebanon, Qatar, the United Arab Emirates, Oman, Bahrain and Egypt.
Economy Watch: Greeks Warned, Wal-Mart Wins
The International Monetary Fund spoke of “large global spillovers” from the euro-zone debt crisis. Or more fully in a banker-like statement: “Failure to undertake decisive action could rapidly spread tensions to the core of the euro area and result in large global spillovers.”
Berkshire Subsidiary Takes 263,600 SF
Carpeting and flooring manufacturer Shaw Industries Inc. will occupy the industrial space at Point West VI near Dallas under a long-term lease agreement.
Compaglia Joins Cassidy Turley as VP
Donna Compaglia will be based in the firm’s San Francisco office, specializing in representation of landlords and tenants in leasing commercial property.
Economy Watch: Mixed Economic Indicators
According to the Conference Board, its leading economic index for the U.S. increased 0.8 percent in May to 114.7 (the baseline is 2004, which equals 100). The uptick came on the heels of a decline of 0.4 percent in April for the index, and to some extent can be chalked up to declining energy prices.
Magellan Buys Industrial Building in Inland Empire
The real estate investment and development firm joined forces with equity partner Penwood Real Estate Investment Management to acquire 1400 Victoria Ave., a vacant industrial asset in San Bernardino, Calif.
Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling offers insights on CPE Radio into the top economic news of the week ending June 17 and what to watch out for in the coming week.
ExxonMobil Moves Forward with New Digs
ExxonMobil Corp. has chosen Gilbane/Harvey-Houston, a team involving construction and real estate development firm Gilbane Building Co. and general contractor Harvey General Contractors, to build its Houston office campus on a 385-acre site.
JLL Inks 58,000 SF in San Diego Leases
The two deals were completed with biopharmaceutical firm Halozyme Therapeutics.