Allison Landa
Recapping the Third Quarter — and Taking a Look Ahead
By Robert Bach, Grubb & Ellis Co.
The office, industrial and retail markets all recorded a very modest drop of 10 basis points in their third-quarter vacancy rates. Asking rental rates typically lag vacancy, and at this early stage of the recovery cycle, landlords have little pricing power with the exception of some apartments and selected high-quality office and retail properties in primary markets.
Salesforce.com Pays $278M to Develop 2 MSF San Francisco HQ
The enterprise cloud computing company has just closed its purchase of 14 acres in the Mission Bay neighborhood.
Economy Watch: Construction Spending Sees Modest Gain
Construction spending unexpectedly kicked upward in September, led by homebuilders and somewhat more expectedly by public spending, according to the U.S. Department of Commerce.
Trammell Crow, InSite to Build 1 MSF Downtown Chicago Office Skyscraper
Making plans to build a behemoth spec office tower in any city in the United States right now is nothing if not bold, but Trammell Crow is doing just that.
HFF Closes $44M Refinancing for Manhattan Retail Condo
The refinancing is on a retail condominium at 599 Broadway in Manhattan’s SoHo area.
Economy Watch: U.S. GDP Growth Meager, but No Double Dip
U.S. GDP might have grown only 2 percent during 3Q10, but at least that damps down talk of a double-dip recession, which was all the rage among prognosticators over the summer.
Healthcare Trust to Add 960,000 SF to MOB Portfolio for $196.6M
With locations on and off hospital campuses, the MOB portfolio encompasses assets in Albany, N.Y.; North Adams, Mass.; and Temple Terrace, Fla.
AOL to Pocket $144.5M from CB Richard Ellis Deal
The Internet services provider will sell its 700,000-square-foot Pacific Corporate Park as well as 22 acres of developable land.