News
Miami Marks Major Industrial Lease
Betty Dain Creations has signed on for 130,000 square feet of space for its new headquarters at the mixed-use Flagler Station Business Park, the largest new industrial lease in the city this year.
JLL Debuts Mexico Resort Group
The team will be led by Gilberto Riojas, who brings more than a quarter-century of experience in residential, office and resort projects throughout the country.
Economy Watch: Good Economic Indicators Seen, Consumer Price Index Rises, G7 Takes Action
Toward the end of an uncertain week, the U.S. economy scored some good news. For one thing, unemployment claims for the week ended March 12 dropped 16,000 to 385,000, and the four-week average of claims declined to its lowest level since July 2008.
JLL Poaches Major Multi-Family Players for Atlanta Team
Jones Lang LaSalle has made a big move to take its already powerful presence in multi-family investment sales along the Eastern Seaboard to new heights. The commercial real estate services firm just added four preeminent names to its capital markets platform, leaving Atlanta’s top two multi-family brokerage teams with some big shoes to fill.
Equinix Building Fourth Paris Data Center
Scheduled to open in the third quarter of 2012, the new facility is expected to meet demand for interconnection and colocation services in Paris and across the region. Known as PA4, it will support services for network, financial, content, enterprise and cloud computing.
Economy Watch: Housing Starts Drop, Producer Prices Up, Nuclear Situation Uncertain
Housing starts dropped 22.5 percent in February to an annualized rate of 479,000 units, according to the U.S. Department of Commerce. The month-over-month decline in single-family starts was 11.8 percent, while the ever-volatile multi-family starts were down a whopping 47 percent between January and February.
Opportunity Knocks in Las Vegas Despite Record-Breaking Foreclosures and Unemployment
By Diana Mosher, Editor
Nevada continues to set new records, posting the nation’s highest state foreclosure rate for the 50th straight month in February. In fact, one in every 119 Nevada housing units is seeing a foreclosure filing during the month, […]
Rolls-Royce Signs 404,000-SF Lease
The aircraft engine-maker’s commitment will allow it to combine 2,500 staff members, currently working at six different area locations, under one state-of-the-art roof in Indianapolis’s central business district.
Preparation Led to Minimal U.S. CRE Quake Damage
Business sector financial data and analysis provider SNL Financial–which covers 41 real estate companies that have exposure in five coastal prefectures–found that the damage to properties owned by the entities it analyzes has been nominal to this point.
Economy Watch: World Economy Vexed, Fed Steadfast on QE2, Americans Pessimistic on Retirement
The world economy continued to be vexed by the disaster in Japan. On the same day as another explosion was reported at the Fukushima Daiichi nuclear power plant, the Nikkei 225 dropped nearly 11 percent, the third largest contraction ever for that index.