Nicholas Ziegler
Economy Watch: January Jobs Jump Broad-Based
January’s employment totals were even better than expected, adding 243,000 jobs. Greece’s government has finalized an austerity deal for the economically challenged nation. And the ISM’s non-manufacturing index rose 3.8 points last month.
Notes from Davos: Taking a Global View
After spending time at the World Economic Forum at Davos, Jones Lang LaSalle’s CEO of the Americas, Peter Roberts, sees flexibility as a key for the commercial real estate industry.
Johnson Capital Closes $75M, Nine-Property Deal for Florida Multi-Family Buildings
Johnson Capital just closed a $75 million debt and equity financing deal for one of its clients, facilitating the acquisition of a 1,271-unit portfolio of Class B-minus and Class C apartment communities in Florida and Texas.
Dees Stribling's Economy Watch Weekly
Some discouraging numbers this week, but in the end, the unexpectedly strong jobs report put a positive spin on things. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending Feb. 3, 2012.
Wells Core REIT Acquires 201 KSF Maryland Office Building
Wells Core Income REIT has acquired the Franklin Center, a 200,600-square-foot office building in the Baltimore submarket of Columbia, Md., from Principal Real Estate Investors.
Cassidy Turley Awarded 2.5 MSF Management Contract for Texas Office Properties
Building on its “longstanding relationship with J.P. Morgan,” services firm Cassidy Turley has just landed a contract to lease and manage 2.5 million square feet of office space at Dallas’ Fountain Place and Houston’s Post Oak Central.
Starwood CEO Sternlicht, Partners to Invest $100M in South Beach Hotel, Condos
A consortium including affiliates of Starwood Capital Group, the LeFrak Organization and Invesco Ltd. have purchased a beachfront, mixed-use property in Miami’s South Beach, including a hotel formerly known as the Gansevoort.
Economy Watch: Economy Continues to Create Jobs
The U.S. Bureau of Labor Statistics reported that 243,000 jobs were added to the economy in January. The CBO expects sluggish economic growth for the next two years. And Fed Chairman Bernanke sparred with some members of Congress over monetary policy.
SL Green Completes Pieces of $416M Transaction Announced in October
In two separate transactions, SL Green finalized previously announced deals in its prime hunting ground, Midtown New York City.
Clarion Partners Buys Pair of Back Bay Office Buildings for $87.1M
On behalf of a separate-account client, real estate investment manager Clarion Partners has acquired two adjoining office buildings in Boston’s Back Bay for $87.1 million. The 13-story buildings total 184,000 square feet.