News
Economy Watch: Debt Ceiling Done, Now Back to Worrying About Jobs; Non-Manufacturing Grows Slowly
In the hubbub surrounding the debt-ceiling drama, it was easy to forget that this is also the first full week of a new month, meaning there are new employment numbers — which are generally down. And the non-manufacturing index is growing, albeit slowly.
Phoenix, Orbach Snap Up Three AIG Apartment Properties for $46.5M
Phoenix Realty Group and The Orbach Group have just increased their presence in Central New Jersey’s apartment market by 472 units with the acquisition of three properties from AIG for $46.3 million.
Economy Watch: Debt Ceiling Done, More Trouble Ahead
The Budget Control Act of 2011, better known as the debt-ceiling bill, was passed by the House on Monday before speeding through the Senate and was signed without ceremony by the president on Tuesday afternoon.
JLL Orchestrates 4,568-Unit Texas Apartment Portfolio Trade
Jones Lang LaSalle’s capital markets experts have masterminded the sale of a 4,568-unit apartment portfolio in Texas, roping in a joint venture involving Ascension Commercial Real Estate L.P. and Moriah Real Estate Co.
Pharmaceutical Firm Novo Nordisk Signs for $215M of Space in NJ
In a big win for New Jersey, the Danish pharmaceutical company Novo Nordisk Inc., signed a $215 million agreement to renovate and upgrade a 770,000-square-foot office building in Plainsboro, N.J.
Wheat Ridge Retail Center Powering Through Loss of Anchor
By Alex Girda, Associate Editor
The new 210-acre Wheat Ridge retail development has taken quite a blow recently with anchor store Cabela’s announcing its retirement from the project. Despite this bit of news the Clear Creek Crossing retail center is still […]
Downtown Lives as Sports Developments Revitalize Once Obscure Area
By Alex Girda, Associate Editor
L.A. has struggled during the past two decades with the identity of a major city that couldn’t call any part of itself “Downtown.” But times have changed, and a new NFL stadium will do much to […]
Pebblebrook, Denihan Complete JV on $910M NYC Hotel Portfolio
Pebblebrook Hotel Trust and Denihan Hospitality Group have wrapped up a joint venture that recapitalized a portfolio of six Denihan-owned hotels in Midtown valued at $910 million.
Economy Watch: House Passes Debt-Ceiling Deal, No One Happy
The House of Representatives voted 269-161 on Monday evening to raise the debt ceiling of the United States — with certain strings attached. The Senate is expected to vote today.
Cassidy Turley Awarded 7.4 MSF Leasing Assignment for ProLogis in Cincinnati
Cassidy Turley is ramping up its Midwest efforts of late, landing a 7.4 million-square-foot industrial portfolio in the Greater Cincinnati and Northern Kentucky areas.