Allison Landa
Jones Lang LaSalle Moves into Vancouver
The financial and professional services firm is slated to open its latest Canadian office on Jan. 10. It expanded into Ottawa last year and has other offices in Toronto, Mississauga and Montreal.
Economy Watch: U.S. Unemployment Down
Economic prognosticators waited for the U.S. Bureau of Labor Statistics to release its monthly unemployment numbers. It turned out that employment increased by 103,000 in December, enough to push the official unemployment rate down to 9.4 percent from 9.8 percent. A moderately good showing, but not as many new jobs as expected.
Mixed-Use Miami Shopping Center Sells for $95.3M
Institutional investment advisor RREEF bought the nearly 360,000-square-foot London Square property from Woolbright Development Inc.
Cushman & Wakefield Brokerage Team Quits
Brokers Matthew Astrachan, Alexander Chudnoff, Paul Glickman, Mitchell Konsker and Mitti Liebersohn have parted ways with the firm approximately 14 years after having come aboard with former CEO Bruce Mosler from The Galbreath Co.
Harrison Street Launches Securities Division
The acquisition of Transwestern Securities Management, a division of Transwestern Investment Co., brings the firm to a combined assets under management of more than $2.7 billion.
Economy Watch: Major Job Growth at Last?
ADP reported that the private sector added 297,000 jobs in December. Is that a harbinger of a strong official jobs report for the month, which will soon be released by the U.S. Department of Labor? Maybe.
Jones Lang LaSalle Lands Beaumont Partnership
The new venture, Jones Lang LaSalle at Beaumont Hospitals, will allow Beaumont to operate in a more cost-effective manner and provide enhanced patient services.
Investment Activity Stands to Gain Ground in 2011
This may well be the year of the foundation. According to Grubb & Ellis’ current real estate forecast, fundamentals may have years to go before returning to their pre-recessionary peaks, but some encouraging signs are providing a solid base.
CPE TV: Richard Green on the Elections, the Tax Code and Financial Reform
The Lusk Center’s Richard Green blogs on CPE’s From the Inside about how the shift in political party power will impact commercial real estate, including the GSEs, the tax code, revenues and financial reform.
