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Economy Watch: Jobs Report Solid, Commodities Tumble
A number of drivers accounted for an unexpectedly strong jobs report from the U.S. Bureau of Labor Statistics, which said that the economy added 244,000 positions in April.
Fannie Mae Reveals Top Multi-Family Lenders
Performance hit a higher level in 2010, with each of the 10 lender partners each contributing a minimum of $870 million in loan volume, compared to 2009’s minimum of $700 million.
$163M in Financing for FBI Building
There is nothing like a government build-to-suit to catch lenders’ attention, and the new Kapolei, Hawaii, office complex has done just that.
Economy Watch: Hiring, Retail Look Good in April
April was better than expected as far as the U.S. economy was concerned. The expected bad news could be summed up in one word: jobs. Or maybe three words: not enough hiring. But it turned out that employers were hiring at a fair clip.
Logitech Inks 263,500-SF Lease
The firm, which works in Internet communications, digital music, home entertainment and wireless devices, will occupy the Pacific Research Center in Newark, Calif., through at least February 2023.
Economy Watch: Deutsche Bank Suit, Debt Drivers
The U.S. government is taking Deutsche Bank AG to court over the matter of bum loans made by a part of the German bank–loans that happened to be guaranteed by the Department of Housing and Urban Development.
315,900-SF Suburban D.C. Office Building Fetches $90M
Eleven years after snapping up the Class A property for nearly $59.3 million, LaSalle Investment Management Inc. sold the asset to CB Richard Ellis Investors.
Economy Watch: Construction, Debt Ceiling
U.S. construction spending rose more than expected during March, according to the U.S. Department of Commerce. The 1.4 percent gain was the largest in the construction sector since April 2010, and came on the heels of a 2.4 percent decline in the sector in February. For the 12 months ending in March 2011, however, construction spending was down 6.7 percent.
BGC Purchase of Newmark Strategic for Growth
Real estate advisory firm Newmark, which operates as Newmark Knight Frank in the U.S., has agreed to be acquired by BGC Partners Inc., a major global voice and electronic broker to the wholesale financial markets. The transaction involves 425 Newmark brokers and a majority interest in more than 25 domestic offices. Neither party has revealed the financial details of the agreement.
Economy Watch: Consumers, FDIC Doom
The U.S. Bureau of Economic Analysis said that personal income and outlays among Americans were both up in March compared with February. Personal income increased 0.5 percent, and disposable personal income–which is the fun kind of income–increased 0.6 percent, month-over-month. Hand-in-hand with that, personal consumption expenditures increased 0.6 percent. People having some fun with that disposable income, perhaps.