News
Economy Watch Weekly: Economy Seems Better, but Housing’s Still a Drag
CPE‘s economic analyst, Dees Stribling, gives his update for the week ending July 18, 2014.
Mack-Cali Taps CBRE as Leasing Agent for Harborside M-U Project on Jersey City Waterfront
CBRE Group has added Harborside, a mixed-use redevelopment project in Jersey City, N.J., to its list of responsibilities.
INTERNATIONAL: Manhattan-Based Gale Develops South Korea’s Tallest Skyscraper
After eight years of construction, Manhattan-based Gale International has finished building South Korea’s tallest skyscraper, which stands more than 1,000 feet tall and is open to the public.
MediaMath Signs 15-Year Lease in Downtown NYC
MediaMath has signed a 15-year, 106,000-square-foot lease at 4 World Trade Center, becoming the 72-floor tower’s first private-sector tenant.
Harbor Group Sells 415 KSF Times Square Office Tower for $250M
Harbor Group International has sold 1412 Broadway, a 24-story, 415,135-square-foot office tower in Manhattan, for $250 million.
Economy Watch: Chicago Fed: Economy Still Growing; Investors Nervous
The Chicago Fed National Activity Index in June suggests that growth in national economic activity was somewhat above its historical trend. All three Wall Street indicators dropped on Monday, supposedly as a reaction to continuing crises in other parts of the world.
CBRE Acquires PKF Consulting
CBRE Group Inc. has acquired PKF Consulting USA, an international advisory, consulting and research firm providing services to the hospitality, real estate and tourism industries.
INTERNATIONAL: Brookfield Multiplex Develops Green Office High-Rise in Melbourne for $410M
Global construction company Brookfield Multiplex has completed the development of a $410 million, mixed-use office building for Cbus Property in Melbourne.
Formation, Safanad JV Buys Nursing Facilities Portfolio for $150M
Formation Capital and Safanad Ltd. have acquired a portfolio of 14 skilled nursing facilities in the mid-Atlantic region for approximately $150 million.
TRIA Extension Sails through Senate
Last Thursday, the U.S. Senate by a 93-4 vote approved legislation to reauthorize for seven years the Terrorism Risk Insurance Act, which is otherwise set to expire at the end of December.
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