Business Specialties
Peerless Signs 308,000-SF Industrial Lease to Consolidate and Expand Suburban Chicago HQ
With rent prices down and landlords doling out concessions, now is a wise time to literally make a move, and Peerless Industries Inc. is doing just that.
New $300M Fund to Target U.S. Assets Overlooked by the Competition
The number of new funds created to take advantage of U.S. properties with little hope of securing refinancing continues to grow, but the recently created Valeo Fund will not be looking for the most coveted opportunities.
Economy Watch: Retail Sales Bounce Upward
What snowpocalypse? The American consumer shrugged off the snows of February and went shopping in considerable numbers last month according to a number of retail surveys.
Turner Wins $73M Government Contract for DC Office Building Transformation
Thanks to allotted funds from the American Recovery and Reinvestment Act of 2009, the government has maintained a steady stream of construction activity during the recession, and Turner Construction Co. is getting in on the game.
Deloitte: Hope for Market, but Maturities Loom
While a decent amount of indicators are looking brighter than in years or even months past, the amount of loan maturities coming up in the next several years could put a dent in that optimism.
SL Green Lands 113,000-SF Lease at Manhattan Office Building
Those big 100-plus-square-foot office leases that all but disappeared a year ago are slowly but surely beginning to pop up again.
Economy Watch: Snowmageddon Gets One More Mention
The Federal Reserve released its latest “Summary of Commentary on Current Economic Conditions by Federal Reserve District,” otherwise known as the Beige Book, on Wednesday. The economy is growing, according to the report, but modestly.
Green Seeks to Expand JLL’s Leasing Initiatives
Jones Lang LaSalle’s New York office has tapped Gregory Green as president of its National Agency Leasing Group.
Economy Watch: CRE Prices Out of Trough: Green Street
Green Street Advisors reported on Tuesday that its Commercial Property Price Index rose by 1 percent in February, compared with the previous month. According to the company, U.S. commercial property values have now risen by a little more than 10 percent since hitting a trough in May 2009, but values are still off by roughly 30 percent from their ’07 peak.
Latin America’s Data Center Market to Experience 61% Growth Spurt by 2014
The data center real estate sector in areas across Latin America will grow by an average 61 percent by 2014, according to a recently released report by London-based international consulting firm BroadGroup.