News
Economy Watch: Job Growth Spikes by 271K in October
The U.S. economy created a net total of 271,000 jobs during October, according to the Bureau of Labor Statistics, which represents an unexpectedly strong surge for the month.
Hillwood Conquers The Big Peach With Westridge Acquisition
Hillwood Investment Properties has acquired Westridge Logistics Center, a Class A multi-tenant distribution park, in a transaction facilitated by CBRE in Atlanta.
China Life Among GLP’s Partners on $4.55B Logistics Portfolio
Singapore-based GLP partnered with three leading global investors, including China Life Insurance Co., to complete the $4.55 billion acquisition of a U.S. logistics portfolio.
Former NY Times HQ Commands $296M
Kushner Companies has acquired 250,000 square feet of retail condo space in 229 West 43rd St.
Filters Aren’t Just For Selfies Anymore
J+J Flooring’s new Filtered Effects carpet line takes inspiration from the colors and textures of vintage photography.
Time Equities’ Francis Greenburger to Be Honored by Fountain House
Fountain House will honor prolific New York real estate developer and philanthropist Francis Greenburger, for his work with criminal justice, mental illness and the arts.
Economy Watch: Another Mediocre Month for Job Growth?
According to Bloomberg, the consensus among economists is for an increase of 190,000 jobs in October. If the consensus is right, that would be better growth than in September but not as good as earlier this year or late last year, when job creation was regularly over 200,000.
Industrial Project to Fill Unused Lot near Florida Mall
Lee & Associates arranged the sale of an undeveloped site in Orlando, where the new owner plans to erect two distribution facilities.
MEPT, PHK Development Plan Portland-Area Mixed-Use Project
Multi-Employer Property Trust has formed a joint venture with PHK Development Inc. and will build a mixed-use multi-family project in Lake Oswego, Ore.
Brazos Mall in Texas Town Gets Three New Owners
Centennial Real Estate Co. has teamed up with Atlantic Creek Real Estate Partners L.L.C. and The North Shore Properties Group L.L.C. to acquire the Brazos Mall, a shopping center in a rapidly growing area south of Houston.