News
Kearny, Morgan Stanley Sell 1.4M SF Business Center in $40M Deal
In a $40 million deal, 1.4 million square feet of industrial and manufacturing space within the Century Business Center in Hawthorne, Calif., was sold by a partnership of Kearny Real Estate Company and Morgan Stanley Real Estate Fund V.
Economy Watch: General Growth Says No Thanks, Simon
Simon Property Group’s “best and final” offer apparently was just that, or at least just its final offer, since the prize–a portfolio of 200 or so malls under the General Growth Properties banner–didn’t go to Simon on Friday after GGP’s board said no thanks and the bankruptcy judge went along with that decision.
Jobs Report: Hiring on the Rise, but So Is Unemployment
Today’s employment data from the U.S. Labor Department contains a seeming contradiction: jobs are more plentiful and yet the unemployment rate is up.
$190M Mixed-Use Residential Project to Be Tallest Building in Newark, N.J.
In an effort to further the revitalization of downtown Newark, N.J., a partnership involving Dranoff Properties, the New Jersey Performing Arts Center (NJPAC) and the city of Newark have revealed plans for the development of One Theater Square, a $190 million mixed-use residential project.
Simon Makes ‘Best and Final’ Offer
Simon Property Group has issued what it says is a final offer to acquire bankrupt retail REIT General Growth Properties. Simon now says it will pay $6.5 billion for the company, which translates to $20 per share.
IKEA Enters Colorado with Groundbreaking on 415,000-SF Denver-Area Store
There are signs of life in Denver’s retail market and Swedish affordable home furnishings retailer IKEA is expected to further improve conditions as it breaks ground on a 415,000-square-foot store in Centennial, Colo.
Economy Watch: The Wall Street Slide of 2010
It’s early May and the U.S. economy is budding like a spring field–real green shoots this time, it seems–and yet Wall Street decides its time to panic.
Check Out CPE’s Digital Edition
The digital edition of CPE‘s magazine is live, with interviews with Robert Futterman, Kevin Maggiacomo, and all the news and information you need. Read more here.
JLL Hires Another Veteran Capital Markets Team
A quartet of experts has joined Jones Lang LaSalle’s New York Capital Markets business. JLL said Thursday that Richard Baxter, Jon Caplan, Ron Cohen and Scott Latham have defected from Cushman & Wakefield, Inc.
Stocks Plunge Nearly 1,000 Points on Greece Worries
A financial crisis and rioting in Greece took its toll on Wall Street this afternoon as the Dow tumbled nearly 1,000 points before recovering.