News
Economy Watch: Seasonal Retail Hiring Grows
According to global outplacement firm Challenger, Gray & Christmas Inc., holiday hiring among retailers is off to a fast start. In October, the firm said, retailers added more than 150,000 positions, compared with only 47,800 during October 2009 and 38,600 during October 2008. Seasonal hiring hasn’t been this strong this early since 2006, in fact.
Transwestern, Page Form Retail Management JV
The strategic partnership aims to land institutional-quality retail management projects and expand retail leasing opportunities in Houston.
Labor Dispute Prompts Ammunitions Manufacturer to Build $100M Facility in Mississippi
Olin Corp., following failed union negotiations with workers, has decided to relocate its Winchester Centerfire Operations–and the accompanying 1,000 jobs–from East Alton, Ill., to Oxford, Miss.
Economy Watch: More Hiring, Same Unemployment Rate
According to the U.S. Bureau of Labor Statistics, the number of unemployed persons nationwide remained about the same–14.8 million–in October as in September.
Comcast Negotiates 130,000 SF in South Florida
Having inked three leases in South Florida, Comcast Corp. has lifted the moribund-as-of-late market.
MBA’s Post-Election Breakdown
Bill Killmer, senior vice president of legal & political affairs at the Mortgage Bankers Association, discusses what the CRE industry can expect from the new Congress.
MGM Resorts Mulls $250M Bid for its 50 Percent Stake in N.J. Casino
With the closing of the disposition of four long-term ground leases and their accompanying real property parcels totaling 11.3 acres, MGM Resorts International has just completed its first move to extricate itself from The Borgata Hotel Casino & Spa as mandated by the New Jersey Division of Gaming Enforcement.
Portland-Area Lodge Purchase Brings Pebblebrook’s Five-Month Buying Binge to $425M
Pebblebrook Hotel Trust, which has averaged approximately one acquisition a month since its first purchase in June, has bought the upper-upscale Skamania Lodge in Stevenson, Wash., from Lowe Enterprises Investors in a $55.8 million, all-cash deal.
Cole Snaps up $266M Albertson’s Portfolio in Sale-Leaseback Deal
With a total of 1.9 million square feet, the addition helps pump up Cole’s retail portfolio.
Hyatt, Extell Team to Bring Upscale Park Hyatt Brand to NYC
The Park Hyatt flag will soon fly high in the New York City sky for the first time.