News
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.
General Growth Gets Extension to File Reorganization Plan
General Growth Properties has been granted an extension of the exclusivity period during which they may file a plan of reorganization.
Turner Wins $73M Government Contract for DC Office Building Transformation
Thanks to allotted funds from the American Recovery and Reinvestment Act of 2009, the government has maintained a steady stream of construction activity during the recession, and Turner Construction Co. is getting in on the game.
Deloitte: Hope for Market, but Maturities Loom
While a decent amount of indicators are looking brighter than in years or even months past, the amount of loan maturities coming up in the next several years could put a dent in that optimism.