Anna Spiewak
JLL Secures 811 KSF Office Lease for ExxonMobil Subsidiary in Calgary
Imperial Oil, one of Calgary’s largest corporations and an ExxonMobil subsidiary, is moving its headquarters from downtown Calgary to a 20-acre site that will be developed in the Quarry Park submarket in the Canadian city’s southeast section.
Two Connecticut M-F Properties Reel in $96M in Financing
LCOR has secured $96 million in financing for Greenwich Place and Greenwich Oaks two apartment communities offering an aggregate 396 units in Greenwich, Conn.
CBRE Acquires 369 KSF of Dallas-Area Buildings
Everything’s bigger in the Lone Star State, and so goes a recent transaction between Equity Office Properties Trust and a CBRE Global Investors Fund, which bought two Class A office buildings in North Dallas totaling 369,000 square feet for an undisclosed amount.
Economy Watch: Income, Spending Rise in September; Americans Feeling Better Financially; Sandy Overpowers Wall St.
Despite the inclement weather along the eastern seaboard, the Bureau of Economic Analysis published new statistics on personal income and spending on Monday, and they were better than expected. According to Gallup on Monday, 38 percent of Americans now feel better off financially than they were a year ago. It’s too soon to know the scale of the economic impact of Hurricane Sandy, but one thing is certain: it shut trading down on Wall Street on Monday, and will do so again on Tuesday.
CNN’s DC Home Trades for $107M
The 298,500-square-foot office building at 820 First St. in the northeast sector of Washington, D.C., has come under new ownership.
Phillips Edison–ARC REIT Buys 157 KSF Grocery-Anchored Center in Metro Cleveland
Phillips Edison–ARC Shopping Center REIT has acquired Brook Park Plaza, a 157,000-square-foot shopping center anchored by a Giant Eagle grocery store in Brook Park, Ohio, a suburb of Cleveland.
Economy Watch: 3Q GDP Surprises Slightly on the Upside; Predictions of ‘Frankenstorm’ Aftereffects; Wall Street Stagnant Friday
The Bureau of Economic Analysis reported on Friday that U.S. real gross domestic product increased at an annualized rate of 2 percent during the third quarter. Early this morning, predictions were already made about how the storm would affect the economy. As a result of Hurricane Sandy, Wall Street had a lackluster Friday, declining in the morning, but clawing its way back to the break-even point by the end of the day.
CREW Special Report: Excellence Awards Presented to ‘Incredible’ Women in CRE
The Commercial Real Estate Women Network awarded its Impact and Circle of Excellence awards yesterday evening during the 2012 CREW Network Convention and Marketplace held in Chicago.
Economy Watch: Chicago Fed Index, Pending Home Sales Up in September; Initial Unemployment Claims Down
The Chicago Fed reported on Thursday that its National Activity Index increased to 0.00 in September from minus 1.17 during August. Pending Home Sales have risen month-to-month. Initial unemployment claims swung down.
Trump Launches International Realty Firm in NYC
The Donald’s announcement about the President of the United States was not the only piece of news the real estate tycoon and media master shelled out yesterday.