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JLL Nails Down 100,000-SF Industrial Lease in Southern California’s Inland Valley
According to JLL executive vice president Sam Foster, landlord EastGroup Properties showed an impressive ability to adapt to current conditions, making it possible to secure a deal with REPET that provided improvements at a favorable rate.
Economy Watch: RealtyTrac Says Foreclosures Up During Third Quarter
RealtyTrac, which tracks the nationwide residential foreclosure market, said on Thursday that all variety of foreclosure filings—default notices, scheduled auctions and bank repossessions—increased during the third quarter of 2010 by 4 percent compared with the previous quarter, to a total of 930,437 properties all together.
Economy Watch: Attorneys General Seek Foreclosure-Signing Investigation
The attorneys general are inquiring about improper submission of documentation.
Trophy D.C. Office Property Fetches $220M
Investors remain keen on Washington, DC’s office market and are willing to pay what is considered the big bucks these days for trophy assets like the Presidential Building, the fully leased 331,000-square-foot property that Invesco Real Estate just acquired from Shorenstein Properties L.L.C.
ULI Report: Emerging Trends Ranks Washington Top Market for 2011, Multi-Family Best Investment Bet
Better days lie ahead, but with more rational expectations, according to the Urban Land Institute and PriceWaterhouseCoopers’ annual Emerging Trends report.
Economy Watch: Fed Considers Further Stimulus
Is the Federal Reserve willing to prime the pump again to stimulate the U.S. economy? The answer seems to be yes.
California Selects Hines-Led Team’s $2.3B Bid for 11-Property Office Sale-Leaseback Deal
The state of California just struck a deal that will put a few billion dollars in its empty pockets.
Economy Watch: More on California’s Massive Sale-Leaseback Deal
On Monday, the state of California approved a $2.3 billion sale-leaseback deal for 24 state office buildings, including the Ronald Reagan State Building in Los Angeles and the San Francisco Civic Center.
Bain Acquires Gymboree for $1.8B
The sales price translates to $65.40 per share, an acquisition figure that is up 57 percent from Gymboree’s closing price on Sept. 30.
Nike’s 189,400-SF Lease Reduces Portland Submarket’s Office Vacancy Rate
Nike Inc. has signed on for approximately 189,400 square feet in a deal that constitutes the largest new office lease in Beaverton’s Sunset Corridor in the last decade.