Nicholas Ziegler
Economy Watch: Fed Tells Market to Calm Down; Productivity Down in 2Q11
The Federal Reserve said yesterday that interest rates needed to remain low for “an extended period,” and Wall Street had mixed reactions. And the BLS reported that U.S. labor productivity dropped 0.3 percent during the second quarter of 2011.
Hines, Pacolet Milliken to Kick Off New 450 MSF NYC Office Construction
Hines is joining forces with Pacolet Milliken to add 450,000 square feet of premium space to the increasingly tight Midtown Manhattan office market in a new office construction overlooking Bryant Park.
JLL Wins 15.4 MSF Industrial Portfolio Management Assignment from IndCor
Jones Lang LaSalle becomes the latest commercial real estate services firm to snag an industrial-portfolio management contract from IndCor Properties with a 15.4 million-square-foot signing.
Economy Watch: S&P Downgrade Ripples Through the Markets, Employment Trends Down Slightly in July
The Dow Jones Industrial Average dropped 634.76 points, or 5.55 percent, on Monday — its sixth-largest downward movement on record after the U.S.’s credit downgrade. And the Employment Trends Index decreased slightly in July to 100.6, down from June’s revised figure of 100.9.
U.S. Top Spot for Global Real Estate Investors in Second Quarter
According to a new report from Real Capital Analytics, in the second quarter of 2011 the United States led the world in commercial-property trades.
Hudson Realty and Partners Nab $139M FDIC Colorado Loan Portfolio
Hudson, Soundview and JCR acquired 97 loans on commercial and residential assets from a FDIC structured sale, collateralized by $139 million of properties across Colorado.
Investment Bank Balloons by 140 KSF at Atlanta Financial Center
SunTrust Robinson Humphrey Inc., a longtime tenant at Atlanta Financial Center, expanded its 92,300 square-foot home at the by 150 percent.
Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling recaps a tumultuous week that saw a bitter fight on Capitol Hill on the debt-ceiling debate and ended Aug. 5, 2011.
Economy Watch: S&P Drops the Credit Rating, What it Means for Investors
On Friday evening, Standard & Poor’s went where no rating agency has gone before by downgrading long-term U.S. sovereign debt, and politics have been in full swing all weekend. And the BLS reported that 117,000 jobs were added in July, but what it was really reporting was stasis.
Jamestown, EastBanc Invest in Georgetown Renaissance Portfolio
Jamestown and EastBanc announced a partnership to develop the 306,000 square-foot mixed-use Georgetown Portfolio in Washington, D.C.