Business Specialties
Economy Watch: FHFA Estimates Fannie, Freddie’s Ultimate Cost
The Federal Housing Finance Agency said on Thursday that the two GSEs might need as much as a combined $363 billion from the federal government through 2013, while the Conference Board Leading Economic Index for the United States increased 0.3 percent in September to 110.4, and chief administrative officer Robert Rizzo or two other top officials of Bell, Calif., have been charged with misappropriating of $180,000 of affordable housing money.
CREW Report: Billingsley Says Global Recovery Afoot, but Staggering
Billingsley, the North American director and head of research at RREEF Alternative Investments, spoke at the 2010 Commercial Real Estate Women Network Convention & Marketplace in San Francisco.
Global Investment Could Hit $290B for Year: Jones Lang LaSalle
By year’s end, global transaction value could jump 35 percent to 40 percent compared to 2009, Jones Lang LaSalle estimates.
Smart & Final Takes 350,000 SF in Southern California
The Commerce, California-based food retail chain inked a 92-month agreement valued at $11.5 million.
Capital Markets Veteran Makes Move to Cushman & Wakefield
Gregory Vorwaller comes to Cushman from CB Richard Ellis, where he served for 17 years.
George Smith Partners Completes $112M Refinance of LA-Area Multi-Family Property
Financing was handled by George Smith principal Gary Tenzer and vice president Nick Silbergeld.
Gilbert Named CIO at ING Clarion
A 28-year veteran of the real estate industry, Gilbert has worked as a portfolio manager with ING since 2007.
Lowe Wraps Up $188.5M First Phase of San Diego County Office Project Under Budget
The new operations center is sprouting up at the site of the original center, which, as the county determined after doing a little research in 2005, would cost in excess of $216 million to maintain over a 20-year period.
Savills Advises Fortress, Northstar on $72M Mezzanine Loan Sale on Columbia Sussex Hotel Portfolio
The portfolio was sold to The Blackstone Group for an undisclosed price.
ULI Report: Tyson Warns of Need to Step Up Job Creation but Slow Down Deficit-Reduction Plans
The economy still has a way to go, and the federal government is limited in what it can do to make things better, according to Laura D’Andrea Tyson. There are measures it can pursue, but it will take some time to see real improvement, and the private sector will need to be involved, she told her audience at the Urban Land Institute Fall Meeting.