Since the beginning of 2011, there has been a torrid level of M&A activity in the commercial real estate services industry. Recently announced deals include CBRE’s acquisition of the ING Real Estate fund management business; the sale of Newmark to financial derivatives house BGC; Colony Capital’s loan and exclusive look period with Grubb & Ellis; the recapitalization of DTZ by investment group SGP and the possible follow on merger with BNP Real Estate; and the hotly rumored takeover of King Sturge by JLL. And that is just on the services side. On the information side, Argus is selling to Altus and Costar is acquiring Loopnet.
In his latest white paper, “Beware of Inflation”, NAI Global Chief Economist Dr. Peter Linneman questions how it is possible to not have inflation in the U.S. economy when healthcare and commodities prices are rapidly increasing and Federal and State governments are running record deficits. Dr. Linneman examines the impact of CPI increases, the Federal Reserve’s monetary policy, government deficits and other factors that will lead to massive inflation in the U.S. economy.
After approximately two years of reluctance for logistic properties, Germany’s investment market has been recovering in that sector in 2010. More >
The great roller coaster ride which has been this recession in Europe has continued in the last few days with the spotlight turned on Ireland. At the time of writing, the Irish government has been ‘forced’ to accept a £77 billion ($123 billion) loan from the European Financial Stability Facility (EFSF) in a deal ultimately designed to save the Euro. The loan is to be coupled with further draconian budgetary and wage cuts which could lead to civil unrest in Ireland. This latest painful twist in the saga, which follows the £94.1 billion ($150 billion) Greek rescue, has provoked yet more bizarre reactions and worrying speculation. More >
The number of people who filed new claims for unemployment benefits rose slightly last week, up 2,000 to 439,000, according to the latest government data. However, data suggests that fewer employers are eliminating jobs. So where are these newly unemployed coming from? More >