News
Economy Watch: GGP on its Feet?
Chicago-based General Growth Properties Inc. may be able to sidestep Simon Property Group and other unwanted suitors under a formal proposal made on Monday by Fairholme Capital Management L.L.C., one of its largest unsecured creditors, and Pershing Square Capital Management, one of GGP’s largest equity holders and a significant unsecured creditor as well.
DC Tops List of Best Retail Markets
It looks like some major metro areas are seeing favorable conditions. Marcus & Millichap have named Washington, DC, San Diego, and San Francisco as the three best retail markets in the country.
JLL: Leasing Activity Between Recession and Recovery
At the intersection of recession and recovery is where we lie right now. That was the theme of a webcast presented by Jones Lang LaSalle.
Beige Book: Upswing in Retail and Industrial, Improvements in Lending
When Jones Lang LaSalle released its Beige Book business survey this month, parts of the report were rosy with optimism.
Economy Watch: Employment Pic No Worse
About 36,000 employees were shown the door in February, according to the Bureau of Labor Statistics on Friday, but it wasn’t enough to budge the official unemployment rate of 9.7 percent. Moreover, it was fewer job losses than expected.
Peerless Signs 308,000-SF Industrial Lease to Consolidate and Expand Suburban Chicago HQ
With rent prices down and landlords doling out concessions, now is a wise time to literally make a move, and Peerless Industries Inc. is doing just that.
Nationwide Acquires Five Pacific Medical Buildings to the Tune of $211M
Newport Beach, Calif.-based Nationwide Health Properties has acquired five additional medical buildings with an aggregate transaction value of $211 million.
New $300M Fund to Target U.S. Assets Overlooked by the Competition
The number of new funds created to take advantage of U.S. properties with little hope of securing refinancing continues to grow, but the recently created Valeo Fund will not be looking for the most coveted opportunities.
Economy Watch: Retail Sales Bounce Upward
What snowpocalypse? The American consumer shrugged off the snows of February and went shopping in considerable numbers last month according to a number of retail surveys.
U.S. Unemployment Stays Steady at 9.7%
The national employment rate is holding steady at 9.7 percent, the U.S. Bureau of Labor Statistics reported today.