News
JLL Chosen As Exclusive Real Estate Service Provider For Desjardins Group
Desjardins Group has chosen JLL to provide multiple real estate services for the group’s 600,000-square-foot corporate office portfolio located in Ontario, the Atlantic provinces and Western Canada.
CBRE Starts Rolling Out Tech/Media Practice
CBRE has begun rolling out its new nationwide Technology & Media Practice, partly in response to the strong growth of the high-tech sector within the U.S. office market.
Economy Watch: State Unemployment Rates, Homebuilder Confidence
The Bureau of Labor Statistics reported that most states had unemployment rate increases over the past month, while the NAHB finds that homebuilder confidence ticked up to its highest level in the past seven months.
Revel owners fought to shut down early, and what to do about new A.C. eyesores
f the owners of the Revel Casino Hotel had it their way, they would have closed the facility on Monday.
Atlas Capital Leads Investor Group to Acquire L.A.’s EVOQ Properties
Affiliates of Atlas Capital, Square Mile Capital and USAA have announced plans to acquire EVOQ Properties. EVOQ’s holdings include more than two million square feet of rentable space and more than 13 acres of prime development land in Downtown Los Angeles.
HornRock Continues Development Frenzy with 270-Unit M-F Project in New Jersey
HornRock Properties is going through a growth spurt, and its most recent activity involves plans for development of a 270-unit apartment property in Harrison, N.J.
Health Care REIT Buys Gracewell’s U.K. Portfolio for $257M
Health Care REIT Inc. has acquired a portfolio of 11 premier private-pay communities from U.K.-based Gracewell Healthcare.
INTERNATIONAL: Swiss Life to Acquire German Real Estate Group Corpus Sireo for $280M
In a $280 million deal, Swiss Life has won the off-market bidding for the acquisition of leading German independent real estate asset manager CORPUS SIREO.
Kingsley Associates Reports Increasing Office Tenant Satisfaction
Kingsley Associates reported that tenant satisfaction in office buildings rose nearly 2 percent to reach a three-year high, according to its second-quarter Office Industry Trends survey.
Economy Watch: E-Commerce Sales, Consumer Sentiment, Industrial Production
The Census Bureau reported on Friday that U.S. e-commerce sales for the second quarter of 2014 were $75 billion, up 4.9 percent, while the University of Michigan’s index of consumer sentiment dropped 2.6 points from the beginning of the month and U.S. industrial production increased 0.4 percent in July.