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(F) U.S. GDP Less Than Expected – Europe Better

vitalstocks — Mon, 30 Jan 2012 17:23:18 +0000

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 the fourth quarter of 2011, the [...]

(F) U.S. GDP Less Than Expected – Europe Better

(JLL) A Silver Lining for the U.S. Office Market in 2012?

vitalstocks — Mon, 09 Jan 2012 16:34:39 +0000

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 and rents, although the performance remained relatively dispersed by both geographical location and [...]

(JLL) A Silver Lining for the U.S. Office Market in 2012?

(YHOO) Dec 22: Jobless Claims Fall to Record Low – Economic Highlights

vitalstocks — Sat, 24 Dec 2011 16:11:24 +0000

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 of the data and the relatively no-so-bad internals of report, stocks [...]

(YHOO) Dec 22: Jobless Claims Fall to Record Low – Economic Highlights

(PCE) U.S. Defense Industry to go on Low Fat Diet?

vitalstocks — Fri, 02 Dec 2011 16:23:02 +0000

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 Pentagon has submitted to [...]

(PCE) U.S. Defense Industry to go on Low Fat Diet?

(PCE) Stock Market News for October 3, 2011 – Market News

vitalstocks — Mon, 03 Oct 2011 19:17:20 +0000

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 the worst quarter since the financial crisis in 2008. The [...]

(PCE) Stock Market News for October 3, 2011 – Market News

(PCE) Stock Market News for September 30, 2011

vitalstocks — Sun, 02 Oct 2011 20:14:38 +0000

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 greater funds for the euro-zone bailout. The Dow Jones [...]

(PCE) Stock Market News for September 30, 2011

(PCE) Stock Market News for August 3, 2011 – Market News

vitalstocks — Wed, 03 Aug 2011 15:33:35 +0000

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 Jones Industrial Average (DJIA) lost 265 points or 2.2% to [...]

(PCE) Stock Market News for August 3, 2011 – Market News

(CBG) CB Richard Ellis Group Completes ING Division Purchase

vitalstocks — Wed, 06 Jul 2011 00:03:43 +0000

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 also raised a new debt of approximately $800 million for this purpose [...]

(CBG) CB Richard Ellis Group Completes ING Division Purchase

(BPO) Brookfield Office Properties Eyes Australian Assets

vitalstocks — Wed, 29 Jun 2011 16:40:00 +0000

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 Fund, the company’s 73% owned vehicle and will be funded through a [...]

(BPO) Brookfield Office Properties Eyes Australian Assets

(BPO) Brookfield Office Properties Sells Assets

vitalstocks — Tue, 28 Jun 2011 16:15:32 +0000

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 I. In 2006, Brookfield had acquired this 1.3 million square feet [...]

(BPO) Brookfield Office Properties Sells Assets

(PCE) First Quarter GDP Revised Up to 1.9%

vitalstocks — Fri, 24 Jun 2011 22:05:31 +0000

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 in normal font. This [...]

(PCE) First Quarter GDP Revised Up to 1.9%

(PCE) Stock Market News for May 31, 2011 – Market News

vitalstocks — Tue, 31 May 2011 16:59:30 +0000

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 Average (DJIA) gained 0.3% to settle at 12,441.58. [...]

(PCE) Stock Market News for May 31, 2011 – Market News

(PCE) Personal Income and Savings Both Rise 0.4%

vitalstocks — Sun, 29 May 2011 22:09:04 +0000

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 (PCE) rose by 0.4%, lower than the consensus [...]

(PCE) Personal Income and Savings Both Rise 0.4%

(PCE) Stock Market News for May 27, 2011 – Market News

vitalstocks — Fri, 27 May 2011 17:03:59 +0000

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 concerns had dented the markets in the opening session, but strong [...]

(PCE) Stock Market News for May 27, 2011 – Market News

(F) Growth Quality Revised Lower

vitalstocks — Fri, 27 May 2011 15:06:33 +0000

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 where the [...]

(F) Growth Quality Revised Lower

(CBG) CB Richard Ellis Group Beats Estimates

vitalstocks — Tue, 03 May 2011 19:34:06 +0000

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 strong quarterly revenues marked a solid start to fiscal 2011 as first [...]

(CBG) CB Richard Ellis Group Beats Estimates

(PCE) U.S. Personal Income and Spending Improve

vitalstocks — Sat, 30 Apr 2011 15:56:30 +0000

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 (PCE) rose by 0.6%, higher than the consensus expectation of [...]

(PCE) U.S. Personal Income and Spending Improve

(JLL) Jones Lang LaSalle Expands in South Africa

vitalstocks — Sun, 03 Apr 2011 16:10:06 +0000

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 first time that Jones Lang will open its doors in South Africa [...]

(JLL) Jones Lang LaSalle Expands in South Africa

(CBG) CB Richard Ellis Group Publishes Report on Germany’s Commercial RE Market

vitalstocks — Thu, 31 Mar 2011 14:32:56 +0000

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 a paradigm shift from the erstwhile strong market in the U.K. Earlier in [...]

(CBG) CB Richard Ellis Group Publishes Report on Germany’s Commercial RE Market

(PCE) Stock Market News for March 29, 2011 – Market News

vitalstocks — Tue, 29 Mar 2011 15:53:27 +0000

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 2009. Investors’ apprehension against betting big bucks was highlighted as volumes touched [...]

(PCE) Stock Market News for March 29, 2011 – Market News

(PCE) February 2011 U.S. Personal Income and Spending Rose

vitalstocks — Mon, 28 Mar 2011 20:28:22 +0000

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 January 1.0%. However, most of the increase was [...]

(PCE) February 2011 U.S. Personal Income and Spending Rose

(JLL) Jones Lang LaSalle – Bull of the Day

vitalstocks — Tue, 22 Mar 2011 14:57:34 +0000

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 recovery in the market fundamentals. Jones Lang LaSalle operates [...]

(JLL) Jones Lang LaSalle – Bull of the Day

(PCE) U.S. January 2011 Personal Income Jumps on Tax Cut

vitalstocks — Thu, 03 Mar 2011 01:11:28 +0000

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, and other contributions to social insurance, [...]

(PCE) U.S. January 2011 Personal Income Jumps on Tax Cut

(PCE) U.S. Fourth Quarter GDP Growth Revised Down to 2.8%

vitalstocks — Mon, 28 Feb 2011 16:31:34 +0000

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 from, not [...]

(PCE) U.S. Fourth Quarter GDP Growth Revised Down to 2.8%

(CBG) CB Richard Ellis Group – Bull of the Day

vitalstocks — Tue, 08 Feb 2011 16:25:07 +0000

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 operates as a single-source provider of real estate solutions with a broad range of [...]

(CBG) CB Richard Ellis Group – Bull of the Day

(PCE) U.S. Gross Domestic Product Revised Up to 2.6%

vitalstocks — Thu, 23 Dec 2010 01:40:46 +0000

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 in italics, the first cut numbers that were [...]

(PCE) U.S. Gross Domestic Product Revised Up to 2.6%

(PCE) Income, Spending and Savings All Rise

vitalstocks — Sun, 19 Dec 2010 23:23:04 +0000

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 of +0.1 each. Meanwhile, Personal Consumption Expenditures (PCE) rose by [...]

(PCE) Income, Spending and Savings All Rise

(JLL) Jones Lang LaSalle Reports Moscow Office Prices to Surge

vitalstocks — Tue, 07 Dec 2010 01:24:47 +0000

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 will increase by more than 20% in 2011, while those in Tokyo, Hong [...]

(JLL) Jones Lang LaSalle Reports Moscow Office Prices to Surge

(PCE) How Did the U.S. Economy Reach 2.0% Growth in Third Quarter?

vitalstocks — Sat, 30 Oct 2010 18:16:12 +0000

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 how did [...]

(PCE) How Did the U.S. Economy Reach 2.0% Growth in Third Quarter?

(CBG) CB Richard Ellis Announces Offer of $350 Million in Senior Notes

vitalstocks — Thu, 07 Oct 2010 23:29:47 +0000

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 division of Bank of America Corporation (BAC); Credit Suisse Group (CS); [...]

(CBG) CB Richard Ellis Announces Offer of $350 Million in Senior Notes

(WMT) Income, Spending and Savings All Rise – Analyst Blog

vitalstocks — Sat, 02 Oct 2010 21:48:18 +0000

In August, Personal Income rose 0.5% — a nice improvement over the 0.2% rise in July, and after being unchanged in June. This was the biggest increase since April (also up 0.5%). It was also well above the consensus expectation of a 0.3% increase. Meanwhile, Personal Consumption Expenditures (PCE) rose by 0.4%, slightly higher than [...]

(WMT) Income, Spending and Savings All Rise – Analyst Blog

(PCE) Second Quarter Gross Domestic Product Revised Slightly Higher

vitalstocks — Fri, 01 Oct 2010 05:27:13 +0000

GDP growth in the second quarter was revised up to 1.7% from a second read of 1.6% but still down from the preliminary reading of 2.4%. This post is essentially a re-post of my analysis of the second reading. The current estimates are in bold, and the previous two estimates are inside the parenthesis, with [...]

(PCE) Second Quarter Gross Domestic Product Revised Slightly Higher

(PCE) U.S. Gross Domestic Product Revised Down on Inventory and Trade

vitalstocks — Mon, 30 Aug 2010 04:13:03 +0000

Prelude GDP growth in the second quarter was revised down to 1.6% from a preliminary reading of 2.4%. This post is essentially a re-post of my analysis of the first reading, only the numbers that were released a month ago are now in parenthesis, while the current estimates are in bold. This will allow you [...]

(PCE) U.S. Gross Domestic Product Revised Down on Inventory and Trade

(PCE) Aug 27: GDP Rises 1.6% – Economic Highlights

vitalstocks — Fri, 27 Aug 2010 15:27:41 +0000

GDP Preliminary Q2 Estimates show GDP increased by 1.6%, higher than the expected 1.3% increase, following a 2.4% estimated increase in the advance Q2 estimate (today’s preliminary release is based on a more complete set of data), after increasing by 3.7% in the first quarter of 2010 and 5.6% in the fourth quarter of 2009. [...]

(PCE) Aug 27: GDP Rises 1.6% – Economic Highlights

(PCE) Revised GDP Numbers Move Down Slightly

vitalstocks — Thu, 27 May 2010 21:07:48 +0000

In the first quarter, GDP grew at 3.0% (instead of the initially reported 3.2%). This, while slower than the 5.6% growth in the fourth quarter, is actually stronger once you look at the composition of the growth. However the composition of the growth in the second look is not as good as it was in [...]

(PCE) Revised GDP Numbers Move Down Slightly

(EJ) E-House China Holdings – Surprised by 375% in the First Quarter

vitalstocks — Tue, 25 May 2010 23:04:48 +0000

E-House China Holdings Limited (EJ) is in one of the riskier sectors of China’s economy: housing. While the company has surprised on the Zacks Consensus 4 quarters in a row, the outlook for the second quarter is a bit more dicey as the Chinese government tries to cool down a building housing bubble. Is it [...]

(EJ) E-House China Holdings – Surprised by 375% in the First Quarter

(JLL) Jones Lang LaSalle – Bull of the Day

vitalstocks — Thu, 20 May 2010 20:46:16 +0000

We are changing our long-term recommendation for Jones Lang LaSalle (JLL) to Outperform as we anticipate the stock to perform well above the broader market. Jones Lang operates as a single-source provider of real estate solutions with a broad range of real estate products and services, and has an extensive knowledge of domestic and international [...]

(JLL) Jones Lang LaSalle – Bull of the Day

(CBG) CB Richard Ellis Group to Consolidate Operations

vitalstocks — Mon, 29 Mar 2010 17:27:08 +0000

CB Richard Ellis Group Inc. (CBG), the world’s largest commercial real estate firm, has decided to consolidate its operations in Uptown Dallas and bring its development and acquisitions divisions under a single roof. The company is currently in the final stages of negotiation to lease about 90,000 square feet of space at 2100 McKinney, a [...]

(CBG) CB Richard Ellis Group to Consolidate Operations

(LMT) Final Fourth Quarter GDP Revised Down to 5.6%

vitalstocks — Sat, 27 Mar 2010 20:35:53 +0000

Where the Growth Came From This is essentially the same report as was posted when the first and second cuts at the 4th Quarter GDP numbers came out, but with the revised contributions to growth shown, the numbers from the first two releases are in parentheses, with the second revisions numbers first and in italics. [...]

(LMT) Final Fourth Quarter GDP Revised Down to 5.6%

(PCE) Where Did The Gross Domestic Product Growth Come From?

vitalstocks — Mon, 01 Mar 2010 03:59:06 +0000

This is essentially the same report as was posted when the first cut at the 4th Quarter GDP numbers came out — but with the revised contributions to growth shown (and the original numbers shown in parentheses). This will allow you to quickly assess what has changed in this report relative to the first cut, [...]

(PCE) Where Did The Gross Domestic Product Growth Come From?

(CBG) CB Richard Ellis Group Beats Consensus Estimates

vitalstocks — Thu, 04 Feb 2010 22:28:36 +0000

CB Richard Ellis Group Inc. (CBG) reported fourth quarter earnings of 21 cents per share after the closing bell on Wednesday. Excluding one-time charges, the company earned 28 cents per share, which surpassed the Zacks Consensus Estimate of 18 cents. The company had earned 37 cents on an adjusted basis in the year-ago quarter. CB [...]

(CBG) CB Richard Ellis Group Beats Consensus Estimates

(JLL) Jones Lang LaSalle Incorporated Quarterly Revenue Rises

vitalstocks — Wed, 03 Feb 2010 20:29:36 +0000

Jones Lang LaSalle Incorporated (JLL), a leading full-service real estate firm that provides corporate, financial, and investment management services, reported fourth quarter 2009 net income of $52.0 million or $1.19 per share compared to $41.2 million or $1.17 in the year-earlier quarter. Excluding the non-recurring items, earnings were $62.9 million or $1.44 per share during [...]

(JLL) Jones Lang LaSalle Incorporated Quarterly Revenue Rises

(WMT) Income, Spending & Savings Rise

vitalstocks — Mon, 01 Feb 2010 23:24:04 +0000

The December report on Personal Income and Spending showed that personal income rose by 0.4%, one tick higher than the expected 0.3% increase, but a slowdown from the 0.5% rate in November. The November rate was, however, revised up from 0.4%, so the December rate is flat from where we thought Personal Income growth was [...]

(WMT) Income, Spending & Savings Rise

(GD) Where did the GDP Growth Came From?

vitalstocks — Sat, 30 Jan 2010 00:36:51 +0000

When looking at the GDP report, and trying to look at what is driving growth, it is important to keep in mind that now all parts of GDP are of equal size, and thus equal importance. Furthermore, some parts of GDP tend to be very stable, while others can swing wildly. It is these volatile [...]

(GD) Where did the GDP Growth Came From?

(EJ) E-House China Holdings – Third Quarter Revenue Soared 119%

vitalstocks — Wed, 20 Jan 2010 00:11:07 +0000

E-House China Holdings (EJ) is cashing in on China’s super hot housing market as fourth quarter revenue is expected to jump more than 160%. The stock has attractive valuations. E-House is trading at just 11.6x forward earnings. Company Description E-House offers a range of services to the Chinese real estate industry including acting as the [...]

(EJ) E-House China Holdings – Third Quarter Revenue Soared 119%

(RAS) RAIT Financial Trust Bolsters RAIT Securities

vitalstocks — Wed, 23 Dec 2009 00:56:31 +0000

RAIT Financial Trust (RAS), a real estate investment trust (REIT), has augmented the operations of RAIT Securities LLC by hiring seasoned professionals and bringing on board invaluable experience. RAIT Securities offers commercial real estate advisory services to a host of clients. In order to ramp up sales in RAIT Securities, RAIT Financial Trust has hired [...]

(RAS) RAIT Financial Trust Bolsters RAIT Securities

(RAS) RAIT Financial Trust Extends Secured Credit Facility

vitalstocks — Fri, 18 Dec 2009 01:23:06 +0000

RAIT Financial Trust (RAS), a real estate investment trust (REIT), recently extended one of its secured credit facility to 2011. Since the second quarter of 2009, the company has extended all its three secured credit facilities, which are currently scheduled to mature in 2011. The company will pay a variable interest rate between 4.5% and [...]

(RAS) RAIT Financial Trust Extends Secured Credit Facility

(CBG) CB Richard Ellis Group to Sell CA Government Property

vitalstocks — Tue, 15 Dec 2009 01:35:30 +0000

CB Richard Ellis Group Inc. (CBG), a leading commercial real estate firm, recently won a contract from the cash-strapped California Government to sell 17 government-owned offices in a concerted effort to raise $660 million. The properties are located across Los Angeles, Oakland, Sacramento, San Francisco and Santa Rosa. California’s Department of General Services intends to [...]

(CBG) CB Richard Ellis Group to Sell CA Government Property

(JLL) Jones Lang LaSalle to Manage RREEF Retail

vitalstocks — Fri, 11 Dec 2009 22:47:46 +0000

Jones Lang LaSalle, Inc. (JLL), a leading full-service real estate firm, has recently taken over the management control of 29 retail centers of RREEF Real Estate, a real estate company that acquires and manages investments in commercial and residential property on behalf of its institutional and private clients worldwide. Out of the 29 retail centers [...]

(JLL) Jones Lang LaSalle to Manage RREEF Retail

(CT) Avoid Regional Domestic Banks – Zacks Industry Rank Analysis

vitalstocks — Sun, 29 Nov 2009 03:46:01 +0000

Industry Rank Analysis 11-25-09 Commercial real estate is in big trouble, with rising vacancy rates leading to lower effective rents. On top of that, the Cap rate, which is sort of like the P/E ratio for stocks (or to be more precise, like the E/P or earnings yield for stocks), has been rising, meaning that [...]

(CT) Avoid Regional Domestic Banks – Zacks Industry Rank Analysis