Anna Spiewak
Economy Watch Weekly: Congress Comes to Modest Fiscal Agreement; Volcker Rule Published
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Dec. 13.
Valeant Takes 310 KSF Lease for New HQ in Bridgewater, NJ
Multinational pharmaceutical company Valeant Pharmaceuticals International is consolidating its multiple locations by moving into its new U.S. headquarters at Somerset Corporate Center IV, located in central NJ.
Gansevoort Founder to Develop Luxury Lifestyle Hotel in London
Gansevoort Hotel Group founder Michael Achenbaum has partnered with Douglaston Development, SUSD and Hondo Enterprises to develop a full-service urban resort at 45 Curtain Road in East London’s fashionable Shoreditch district, set to break ground early next year.
If you understand and define the downside, then effectively you have assessed the risk.
–Sam Zell, Equity Group Investments chairman
Hackman JV Scoops Up 1.6 MSF Campbell’s Soup Manufacturing Facility in Sacramento
Hackman Capital Partners, in a joint venture with Rabin Worldwide and Capital Recovery Group, has acquired the 1.6 million-square-foot industrial building in Sacramento that had served as Campbell Soup Co.’s manufacturing facility until last summer.
Economy Watch: Federal Budget Deal Reached; Volcker Rule Finalized; Job Openings Up
Congress passed a modest budget deal on Tuesday. The “Volcker Rule” was also publicized that day, forbidding banks from trading on their own account rather than customers’. And job openings increased in October by 42 million month over month.
Craig Meyer: Industrial Takes Off, But Not Everywhere
https://blog.commercialsearch.com/news/industrial-2/craig-meyer-high-velocity-big-box-market-index-industrial-takes-off-but-not-everywhere/
Economy Watch Weekly: Good Week for U.S. Economy
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Dec. 6.
Economy Watch: Net Household Worth Highest Ever; Bullard Hints at Tapering
Household net worth increased in the third quarter, reaching a new high of nearly $77.3 trillion, compared with $75.3 trillion in the second quarter of 2013. Federal Reserve Bank of St. Louis president James Bullard said that the Federal Open Market Committee decision on tapering will be “data dependent.”
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