Nicholas Ziegler
Economy Watch: Wall Street Has a Very Busy “Off” Day
Despite the Columbus Day holiday, equities markets were open and investors took the opportunity to buy. The Paris-based OECD saw the fifth monthly decline in its economic indicators. And even though the recession is technically over, incomes are still falling.
Report: Domestic Office Sector Moving Upward Despite Weak Economy
A report by Cassidy Turley showed an uptick in demand for office space around the country. According to its latest figures, a net 14.9 million square feet were registered in the third quarter of 2011, the largest quarterly gain in more than four years.
Grandbridge Funds $72M Loan through Freddie Mac for Florida Multi-Family
Grandbridge Real Estate Capital just closed a $72 million Freddie Mac first-mortgage loan secured by Paradise Island, a 1,112-unit apartment property in Jacksonville, Fla.
Grubb Sells Interest in Alesco Global Advisors to Lazard Asset Management
Grubb & Ellis continues to bolster its balance sheet, closing the sale of Alesco Global Advisors to Lazard Asset Management L.L.C.
Economy Watch: September Jobs Report Better Than Nothing, Not Great
The middling jobs report on Friday might not have inspired optimism, but at least it didn’t inspire a mini-panic. France and Germany hinted at plans for euro-zone debt restructuring. And the Fed reported that U.S. consumer credit dropped across the board in August.
Jones Lang LaSalle, Pacific Real Estate Partners Merge
Commercial real estate services firm Jones Lang LaSalle has substantially deepened its foothold in the Pacific Northwest overnight with the merging of operations with Pacific Real Estate Partners Inc.
Lower Manhattan’s Corporate Draw
The south end of New York’s most famous borough has come roaring back. Through a decade that started with the worst terrorist attack ever on U.S. soil and ended with an economic storm of historic proportions, the district of New York has become one of the fastest-growing areas of the country, if not the world.
Dees Stribling’s Economy Watch Weekly
September’s job numbers certainly weren’t great, but they were an improvement over August. CPE‘s economic analyst Dees Stribling gives his podcast for the week ending Oct. 7, 2011.
Howard Hughes Corp. Completes $250M Loan for Hawaii Mixed-Use Retail Center Project
The Howard Hughes Corp. just received a $250 million loan for the redevelopment of Ward Centers, a 550,000-square-foot shopping district in Honolulu that is set to evolve into a premier mixed-use asset.