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ProLogis has leased approximately 282,000 square feet at ProLogis Park Ontario Airport in Ontario, Calif., to Safelite AutoGlass.A newly constructed, 681,000-square-foot facility is located off Interstate 15 midway between Interstate 10 and the Pomona Freeway, minutes from the Ontario International Airport, and comprises approximately 1.9 million square feet in six buildings. Safelite occupies space with ProLogis in various locations across North America: this transaction marks the fifth between the two companies.”The Inland Empire West submarket provides excellent regional access to Los Angeles, Orange County and San Diego, as well as Arizona and Nevada,” Mike Del Santo, first vice president and…

In its third quarter earnings report issued last month, Post Properties Inc. noted that it would sell six assets with the hope of pocketing approximately $360 million, and with today’s news of the disposition of Post Lenox Park in Atlanta, the company has one down, five more to go. Atlanta-based Post Properties sold the 206-unit apartment community to an entity formed by Greensboro, N.C.-headquartered Steven D. Bell & Co. for $22.7 million. Developed in 1995, Post Lenox Park is a Class A, garden-style multi-family property located at 100 Lenox Park Circle in Atlanta’s tony Buckhead submarket. “Our acquisition strategy was to…

Despite poor consumer confidence and sour housing numbers, U.S. equity markets had a fairly positive day Tuesday, with the Dow Jones index ending up 184.46 points, or about 2.17 percent, and the S&P 500 and Nasdaq up 2.44 percent and 2.67 percent, respectively. Possibly investors were responding to the news that GMAC, the former financing arm of beleaguered automaker GM, managed to finagle $5 billion from TARP in return for preferred shares and warrants. No one expected positive housing numbers from Tuesday’s publication of the October S&P/Case-Shiller Home Prices Indices, but in the end they were sobering anyway. Besides a…

Sperry Van Ness International will kick off the new year with a new president, now that the real estate brokerage firm’s board of directors has voted unanimously to push COO Kevin Maggiacomo up the ladder to the new position. Maggiacomo will take on responsibility for the Irvine, Calif.-headquartered company’s day-to-day operation and execution of its vision, which CEO Mark Van Ness had been supervising. A player in the real estate industry for approximately 15 years, Maggiacomo has been a leading force at Sperry Van Ness for quite some time. Having joined the organization eight years ago, he has since served…

CB Richard Ellis Inc. has netted a major client: The Federal Deposit Insurance Corp. has tapped the services firm to serve as primary advisor for the residential and commercial real estate it acquires from failed financial institutions. Terms of the deal were not revealed. CBRE will be tasked with the property management, leasing and ultimate disposition of these assets across the country, Puerto Rico and the U.S. Virgin Islands. CBRE’s public institution and education solutions team, led by Theodore Carter, executive managing director in the firm’s Washington, D.C., office, will oversee ongoing client services. Ken Pearson, a CBRE first vice…

On the eve of the G-20 meeting to address the global financial crisis, stocks staged a powerful rally Thursday after three straight down days, with the Dow Jones industrial average surging more than 550 points, according to the LA Times. The blue-chip indicator remains down. The Standard & Poor’s 500 index jumped 58.99 points and the S&P fell to a new intraday bear-market low before recovering. The Nasdaq composite index rose 97.49 points. Crude futures rose $2.08 to $58.24 a barrel. That sent energy stocks in the S&P 500 up 11 percent, more than any other sector. Exxon Mobil jumped…

After a fine optimistic day ahead of the presidential election yesterday, Wall Street wasn’t feeling as peppy today. In fact, the Dow Jones index took a considerable thumping, ending down 486 points, or a shade over 5 percent. The S&P 500 and Nasdaq similarly slid–5.27 percent and 5.53 percent, respectively. An election is one thing, but a bleeding services sector may be on investors’ minds more today: the U.S. private sector lost 157,000 jobs in October, according to ADP payroll data. The government’s numbers, which probably won’t be any better, are due Friday. The nation is now entering what may…

As of early afternoon Eastern Time, the Dow Jones Industrial Average was up 2.4 percent, and likewise the Nasdaq and Standard & Poor’s 500 gained ground. But these days, “it ain’t over till it’s over” has never been more apt in tracking the daily rises and falls of the market. Does this count as a dead-cat bounce of some kind? The Conference Board is reporting that leading economic indicators rose 0.3 percent in September, after dropping 0.9 percent in August. The leading index is a reflection of 10 separate indicators, six of which rose, such as real money supply, consumer…

On a day that has so far brought somewhat of a lull in the federal government’s efforts to avoid being remembered as the people who brought you “1929: The Sequel,” many eyes were on Federal Reserve chairman Ben Bernanke, who appeared on ABC’s “Good Morning America” and later spoke to The Economic Club of New York. In concisely summarizing to the latter the federal government’s actions over the past few weeks, Bernanke (pictured) struck a measured but confident tone, certainly not implying that the crisis is past the worst, but emphasizing that the government has the tools it needs to…

Investors usually pay lip service to long-term investing, but in times of crisis the reality is sell – everything – now! Panic was the order of the day on Wall Street, which saw the Dow Jones Industrial Average free fall 679 points, or about 7 percent, to the lowest level in five years. The Standard & Poor’s 500 also lost about 7 percent. Painfully, especially to those who invested in the market a year ago, October 9 was the first anniversary of the all-time DJIA peak of 14,198.Leading the way was General Motors, whose stock was down 31 percent. In…