News
Economy Watch: Businesses Nervous About Debt Ceiling, Employment JOLTS Stay Flat, FOMC Quiet on Stimulus
In an open letter to the president and Congress, a sizable group of business organizations and executives urged action on the debt ceiling. Both the hires rate and the separations rate were again little changed, at 3.1 percent for both. And the Federal Open Market Committee remains noncommittal on the prospect of a further stimulus.
JLL Brokers 149 KSF Distribution Center for Herbalife in Carson, Calif.
JLL found Herbalife a new distribution-center home in Carson, Calif., in a 148,908-square-foot industrial space.
Prudential, Perella Weinberg JV Opens Access to $1B in CMBS
It’s a new day for Prudential, as a new joint venture with Perella Weinberg Partners will allow the financial firm to begin issuing CMBS, effective immediately.
Cole’s Buying Binge Continues with $76M Atlanta-Area Purchase
Cole follows up a three-property deal earlier this month with a $76 million acquisition of the 425,000-square-foot Camp Creek Marketplace in East Point, Ga.
Economy Watch: Conference Board, Railroad Indexes Contradict; U.S. Debt Still Under Debate
The Conference Board’s Employment Trends Index increased slightly in June, but the Association of American Railroads, a little-followed but important gauge of the economy, reported that last month’s traffic was down 0.7 percent from May.
Trepp Snaps Up REITCafe, Expands Offerings
Trepp bolstered its information offerings with the acquisition of REITCafe for an undisclosed price on Monday.
JLL Secures $160M Financing for 1 MSF Downtown L.A. High-Rise
Downtown Los Angeles is seeing some action, as One California Plaza, a 995,000-square-foot office building, has been refinanced for up to $160 million in a deal secured by Jones Lang LaSalle.
Avison Young Continues Expansion with Opening of Dallas Office
Not content to settle for its status as Canada’s largest independently owned commercial real estate services company, Avison Young is moving full steam ahead with its U.S. expansion plan, including the debut of a new Dallas office.
Economy Watch: June Jobs More of the Same, Credit-Card Debt Rising, The Debt Ceiling
On Friday, the BLS reported next-to-zero job growth in June and the unemployment rate’s upward crawl to 9.2 percent, but the agency also described the state of employment as “unchanged.”
New Developments Suggest Improvement in Beantown Economy
By Veronica Grecu, Associate Editor
Judging by the number of developments under construction or preparing to begin, Boston’s economy is finally on a recovery track. The Boston Globe reported that more than 4,000 construction jobs will be created in the coming […]