Property Management
(F) U.S. GDP Less Than Expected – Europe Better
While we do have some favorable-looking headlines out of Europe this morning, indicating that Greece is making progress in its talks with the private creditors, the focus today will be on the U.S. economy. The headlines on that count are on the weak side. In its first read on...
30Jan2012 | vitalstocks | 0 comments | Continued(JLL) A Silver Lining for the U.S. Office Market in 2012?
According to the latest report published by Jones Lang LaSalle Incorporated (JLL), a leading real estate investment trust (REIT), the U.S. office sector witnessed a spurt in market fundamentals in fourth quarter 2011 with a significant positive absorption and increase in occupancy...
9Jan2012 | vitalstocks | 0 comments | Continued(YHOO) Dec 22: Jobless Claims Fall to Record Low – Economic Highlights
Today’s heavy economic schedule will likely keep the markets focused on domestic matters. The good start provided by the positive initial Jobless Claims report should help give stocks positive momentum today. The GDP revision was on the weak side, but given the stale nature...
24Dec2011 | vitalstocks | 0 comments | Continued(PCE) U.S. Defense Industry to go on Low Fat Diet?
A nation burdened by $15 trillion of national debt and an unemployment rate of 9% has resorted to bariatric surgery of its budget. The administration is catching up to reduce flab in the budget, and the defense budget seems to stand out. In what is one of the final steps, the...
2Dec2011 | vitalstocks | 0 comments | Continued(PCE) Stock Market News for October 3, 2011 – Market News
On Friday, markets slipped heavily lower as fresh hints of weakness in the European and domestic economy crippled investor sentiment. However, it was not just Friday’s downtrend that was a matter of concern. With each benchmark losing around 12% for the quarter, this has been...
3Oct2011 | vitalstocks | 0 comments | Continued(PCE) Stock Market News for September 30, 2011
On Thursday, the roller-coaster ride of the markets ended with two benchmarks gaining and the other finishing in the red. A rally in the late session helped the blue-chip index beef up its gains, while sentiment got a boost from encouraging economic data and Germany’s approving...
2Oct2011 | vitalstocks | 0 comments | Continued(PCE) Stock Market News for August 3, 2011 – Market News
Incremental concerns about the economy outweighed news of the Senate approving the debt deal, as stocks plunged and posted their longest losing streak in almost three years. Additionally, the S&P 500 hit its lowest point for the year and entered the negative zone. The Dow...
3Aug2011 | vitalstocks | 0 comments | Continued(CBG) CB Richard Ellis Group Completes ING Division Purchase
CB Richard Ellis Group, Inc. (CBG) recently announced that it has acquired ING Clarion Real Estate Securities (CRES) from Netherlands-based ING Groep NV (ING). The acquisition was funded by a combination of cash and borrowings under its secured credit facility and the company...
5Jul2011 | vitalstocks | 0 comments | Continued(BPO) Brookfield Office Properties Eyes Australian Assets
Brookfield Office Properties Inc. (BPO) is all set to acquire two office towers in Melbourne and Perth, respectively, named Southern Cross West and Bank West Tower for a total consideration of approximately $263 million. The acquisition will be managed by Brookfield Prime Property...
29Jun2011 | vitalstocks | 0 comments | Continued(BPO) Brookfield Office Properties Sells Assets
Brookfield Office Properties Inc. (BPO) recently sold an office tower at 1400 Smith Street in Houston for approximately $340.0 million to Chevron Corp ( CVX ) . Additionally, Brookfield also renewed a seven-year lease for a 311,000 square feet property at the Continental Center...
28Jun2011 | vitalstocks | 0 comments | Continued(PCE) First Quarter GDP Revised Up to 1.9%
This is effectively the same post as I put out when the earlier looks at GDP in the first quarter were released. The numbers from the current release are in italics, while those from the second release are in bold while those from the first release and for previous quarters are...
24Jun2011 | vitalstocks | 0 comments | Continued(PCE) Stock Market News for May 31, 2011 – Market News
Investor sentiment was bolstered on Friday, as gas prices eased off and economic data struck a positive note. However, the modest gains ahead of the Memorial Day holiday were not strong enough to prevent a fourth consecutive week of losses for the indices. The Dow Jones Industrial...
31May2011 | vitalstocks | 0 comments | Continued(PCE) Personal Income and Savings Both Rise 0.4%
In March, Personal Income rose 0.4%, matching from the 0.4% rise in both February and March, but only after the March numbers were revised down from a rise of 0.5%. The increase was in line with the consensus expectation of a 0.4% increase. Meanwhile, Personal Consumption Expenditures...
29May2011 | vitalstocks | 0 comments | Continued(PCE) Stock Market News for May 27, 2011 – Market News
Weak economic data failed to drag markets lower as investor sentiment was lifted by the technology and retail sectors. With initial claims surged and the economy expanding at just 1.8%, the employment situation remains a major area of concern amidst a sluggish economy. These...
27May2011 | vitalstocks | 0 comments | Continued(F) Growth Quality Revised Lower
This is effectively the same post as I put out when the first look at GDP in the first quarter was released last month. The numbers from the current release are in bold while those from the first release and for previous quarters are in normal font. This allows you to see exactly...
27May2011 | vitalstocks | 0 comments | Continued(CBG) CB Richard Ellis Group Beats Estimates
CB Richard Ellis Group Inc. (CBG), the world’s largest commercial real estate services company (on the basis of 2010 revenues), has reported first quarter 2011 revenues of $1.2 billion compared with $1.0 billion in the year-earlier quarter, reflecting an increase of 16%. The...
3May2011 | vitalstocks | 0 comments | Continued(PCE) U.S. Personal Income and Spending Improve
In March, Personal Income rose 0.5%, up from the 0.4% rise in February, but down from a 1.1% increase in January. The increase was slightly above the consensus expectation of a 0.4% increase. The February number was revised up from 0.3%. Meanwhile, Personal Consumption Expenditures...
30Apr2011 | vitalstocks | 0 comments | Continued(JLL) Jones Lang LaSalle Expands in South Africa
Jones Lang LaSalle Inc. (JLL), one of the largest commercial real estate firms in the world, bought South Africa’s Bradford McCormack & Associates (BMA) for an undisclosed amount. Jones Lang is already present in several client facilities across the country. This is the...
3Apr2011 | vitalstocks | 0 comments | Continued(CBG) CB Richard Ellis Group Publishes Report on Germany’s Commercial RE Market
According to a report published by CB Richard Ellis Group Inc. (CBG), the world’s largest commercial real estate services company (on the basis of 2010 revenues), global real estate investors are increasingly focusing on commercial real estate (CRE) properties in Germany, marking...
31Mar2011 | vitalstocks | 0 comments | Continued(PCE) Stock Market News for March 29, 2011 – Market News
Domestic economic data could not support the indices’ upward momentum on Monday as markets snapped back to red in the final minutes, hurt by cautious corporate guidance and geopolitical tensions. Consumer spending edged ahead while inflation soared to hit new highs post June...
29Mar2011 | vitalstocks | 0 comments | Continued(PCE) February 2011 U.S. Personal Income and Spending Rose
In February, Personal Income rose 0.3%, down from the 1.2% rise in January and a 0.5% increase in November. The increase was in line with the consensus expectation. Both January and December were revised higher. Previously the increase in December was thought to be 0.4% and for...
28Mar2011 | vitalstocks | 0 comments | Continued(JLL) Jones Lang LaSalle – Bull of the Day
We are changing our long-term recommendation for Jones Lang LaSalle (JLL) from Neutral to Outperform as we anticipate it to perform well above the broader market. Jones Lang reported record revenues in fiscal 2010 and expects to maintain the momentum in 2011 as well, with continued...
22Mar2011 | vitalstocks | 0 comments | Continued(PCE) U.S. January 2011 Personal Income Jumps on Tax Cut
In January, Personal Income rose 1.0%, well above the 0.4% rise in December, and a 0.3% increase in November. The increase was far above the 0.3% consensus expectation. However, most of the increase was due to the 2.0% cut in the employee side of the payroll tax. Payroll taxes,...
2Mar2011 | vitalstocks | 0 comments | Continued(PCE) U.S. Fourth Quarter GDP Growth Revised Down to 2.8%
This is essentially the same report that I put out when the initial look at GDP was released last month. The new revised numbers are in bold, the original estimates are in normal type and in parenthesis right after them. Thus it will be easy to see where the changes in GDP came...
28Feb2011 | vitalstocks | 0 comments | Continued(CBG) CB Richard Ellis Group – Bull of the Day
CB Richard Ellis (CBG) reported strong fourth quarter results, beating the Zacks Consensus Estimate by 2 cents. CB Richard Ellis is the largest commercial real estate services firm, with leading full-service operations in major metropolitan areas throughout the world. The company...
8Feb2011 | vitalstocks | 0 comments | Continued(PCE) U.S. Gross Domestic Product Revised Up to 2.6%
This is essentially a repost of the report when the second look at third-quarter GDP growth came out on November 23rd. I have put the new revised contributions to (or drags on) growth in bold, with the original numbers immediately following in parenthesis (the 11/23 numbers first...
22Dec2010 | vitalstocks | 0 comments | Continued(PCE) Income, Spending and Savings All Rise
In October, Personal Income rose 0.5%, a nice improvement over the 0.0% change in September, and matching the 0.5% increase in August. It was also above the consensus expectation of a 0.4% increase. In addition, we got upward revisions to both the September and August numbers...
19Dec2010 | vitalstocks | 0 comments | Continued(JLL) Jones Lang LaSalle Reports Moscow Office Prices to Surge
According to a report published by Jones Lang LaSalle Incorporated (JLL), a leading real estate investment trust (REIT), global office property prices will increase the most in Moscow as investors vie for premium assets. The report anticipates that office properties in Moscow...
6Dec2010 | vitalstocks | 0 comments | Continued(PCE) How Did the U.S. Economy Reach 2.0% Growth in Third Quarter?
In the third quarter, the economy grew at an annual rate of 2.0%, up from 1.7% in the second quarter, but down from the 3.7% pace in the first three months of the year. The growth rate was in line with consensus expectations, and frankly a bit better than I was expecting. So...
30Oct2010 | vitalstocks | 0 comments | Continued(CBG) CB Richard Ellis Announces Offer of $350 Million in Senior Notes
CB Richard Ellis Group Inc. (CBG), the world’s largest commercial real estate services firm (on the basis of 2009 revenues), has recently announced an offer to sell 6.63% senior notes due 2020 worth $350 million. BofA Merrill Lynch, the investment banking and wealth management...
7Oct2010 | vitalstocks | 0 comments | Continued