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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.
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.
Meridian Capital Obtains $85M in Financing for Hotel Chelsea
The Hotel Chelsea gets a new owner and a new plan for a makeover with an $85 million financing package orchestrated by Meridian Capital Group L.L.C. on behalf of the Chetrit Group and Clipper Equities.
Wood Partners Announces 298-Unit, $75M Apartments in L.A.
Wood Partners plans to begin construction on a 298-unit, $75 million apartment community in the Woodland Hills district of Los Angeles by mid-August.
Inland American Ropes in the Fairmont Dallas for $69M
The Fairmont Dallas comes under new ownership as Inland American Lodging acquires the 545-room luxury hotel from Pacific Coast Capital Partners and DiNapoli Capital Partners for $69 million.
New Boston Fund Promotes from Within to Advance Growth Strategy
New Boston Fund is making moves to increase its presence in key markets in the Northeast, Mid-Atlantic and Southeast, and CFO and COO Tim Medlock has just been appointed to the position of president.