Layoffs & Closures: Accenture Reducing Global Real Estate Footprint
August 26th, 2009Accenture a New York-based global management consulting, technology services and outsourcing company is taking steps to reduce excess real estate capacity and to realign its workforce. These actions will result in a pre-tax restructuring charge of approximately…
Now Malibu Finally Has a City Hall
August 26th, 2009Many communities have been laid low by the financial crisis and housing bust, but in Malibu, Calif., it has presented a golden opportunity.
Hotel Receivers Earn Rich Rewards
August 26th, 2009The growing wave of U.S. hotels defaulting on their debt has spawned a growth industry for companies that oversee and operate hotels seized by lenders.
Hotel Stimulus
August 26th, 2009Hotel construction starts have declined by half in the past year because of the industry’s downturn, but Dallas has plans to build a 1,000-room convention hotel.
Takeovers & Tenancy: PGI Slims Down, Herbalife Expands
August 26th, 2009In this week’s issue:
PGI sells FabPro to Tricor
Herbalife acquires certain assets of Micelle
PGI Narrows its Focus
Polymer Group Inc. (PGI) said Monday that it is selling its subsidiary FabPro Oriented Polymers LLC to Tricor Pacific Capital.
PGI…
The Lease Up (Aug. 23-29): Mogul Mind Studios is Unstoppable in Pittsburgh
August 26th, 2009Editor’s Note: Expansions Relocations & Extensions is now The Lease Up. Here you will find news on companies that are bucking the trend of the recession by expanding, or taking advantage of the market by relocating. You will also find stories on businesses…
U.S. Investors Abandon Europe
August 26th, 2009At the peak of the real-estate boom, U.S. investors dominated the game in European property. Now, with a few exceptions, the Americans have retracted.
Brixton Poses a Test for Segro
August 26th, 2009U.K. industrial landlord Brixton reported a wider first-half loss as vacancies rose, showing the size of the task ahead for new owner Segro.
A Not-So-Long Road to Recovery for Retail Real Estate?
August 26th, 2009Jones Lang LaSalle Retail last week issued a “perspective on recovery” for the retail sector in which JLL Retail President and CEO Greg Maloney predicted that the recession will bottom out during the last quarter of this year, to be followed by the beginning…
Mixed Signals: Nonresidential Construction Forecasts See Little Improvement Near-Term
August 26th, 2009The free-fall in nonresidential development may be bottoming out, if the activity seen by the nation’s architects is any indication. Although the much-anticipated “sustained growth” phase is still not expected to materialize until well into next year…
