News
Economy Watch: Employment Trends Drop Slightly, Non-Manufacturing Index Rises
The Conference Board’s Employment Trends Index dropped slightly to 100.8 in August. A separate index was slightly optimistic on Tuesday as well: the one found in latest Non-Manufacturing ISM Report On Business. And the German high court is set to rule on its country’s contributions to Greek bailouts.
Equity LifeStyle to Acquire 75 Manufactured Home Communities for $1.4B
Equity LifeStyle recently entered into an agreement to acquire 75 manufactured home communities, a single RV resort and certain manufactured homes and loans associated with the 75 communities for a whopping $1.4 billion from Hometown America L.L.C.
Invesco Snaps Up 1218 Third Avenue; Bullit Center Pushes the Green Envelope
By Alex Girda, Associate Editor
“An office deal a week” seems to be Seattle’s new mantra these days as investment sales get in gear for autumn. The most recent property to take the spotlight is the 82-year-old Art Deco landmark located at […]
Power Index Podcast – Leading Real Estate Law Firms
CPE’s Mike Ratliff, associate editor, and Jack Kern, research editor, sit down and dissect trends in the magazine’s September ranking of leading real estate law firms. This is the inaugural edition of CPE’s monthly Power Index Podcast.
Gramercy Capital Signs $549.7M Mezz Loan Settlement
Gramercy Capital Corp. has struck a deal with Goldman Sachs, Citicorp and KBS Debt Holdings involving $549.7 million in senior and junior mezzanine loans.
George Smith Partners Completes $34M in Refis Across Two Properties
Commercial real estate banking firm George Smith Partners has arranged more than $34 million in debt to refinance two retail centers — located in California and Nevada — at what the company calls “exceptionally attractive terms.”
Dees Stribling’s Economy Watch Weekly
Employment is stuck in neutral, but not quite all of the economic news was bad this week — for the week ending September 2, 2011.
In Depth: Two MF Industry Leaders Team Up, Purchase California’s RW Zukin
Industry veterans Robert Talbott and Scott Mencaccy recently joined forces and acquired the RW Zukin Corp., a real estate services firm that has been serving the multi-family industry in the greater San Francisco Bay Area for nearly 50 years.
Economy Watch: August Employment Numbers Not Great, Trouble Continues in Europe
The jobs report on the Friday before Labor Day included some miserable details. While the U.S. took a holiday on Monday, troublesome news didn’t take a holiday in Europe. And U.S. economist Nouriel Roubini calls for a “60 percent” chance of another recession.
Phoenix Spends an Encouraging Amount of Money on New Homes in 2010, Census Bureau Shows
By Alex Girda, Associate Editor
Even though it’s been one of the markets most affected by the recession, metro Phoenix has seen a somewhat unexpected upturn in the amount of houses needed to accommodate potential buyers. Information from the U.S. Census […]