Miscellaneous
Kudos to Cornish & Carey
May 10, 2010
It seems that the folks over at Cornish & Carey have decided to put rental rate and available space information back up on their website. I was admittedly harsh on them back in January when I wrote a post about why I felt hiding this information was counterproductive and against the interests of the landlords [...]
Read More >>JLL Squeezes Out a Profit in Q1
April 27, 2010
Jones Lang LaSalle (JLL: 79.67 +1.88%) posted earnings this afternoon and they managed to squeeze out a small profit in a continuing sign of stability in the brokerage business. The company reported a profit of $200,000, which although paltry, is a vast improvement from the $60M loss they posted a year ago for the same [...]
Read More >>Government Taking Donations To Pay Down Debt
April 22, 2010
Believe it or not, the government has established a website whereby you can make a donation to help pay down the public debt. Absolutely classic. See for yourself Do your part and donate $30K!
Read More >>The Cleveland Fed Justifying Its Existence
March 3, 2010
….this was actually put out by the Cleveland Fed on March 1, 2010. I wouldn’t believe it unless I saw it. [via ZeroHedge]
Read More >>Bloom Energy
February 24, 2010
In case anybody missed it on 60 minutes… Sunnyvale-based Bloom Energy… Watch CBS News Videos Online
Read More >>Record Breaking Land Site Headed Back to Bank
February 19, 2010
Back at the top of the market in 2007, Candy & Candy acquired an 8-acre development site in Beverly Hills. The price? $500,000,000 – or some $1400 per square foot! Just three years earlier, the seller, New Pacific Realty, had acquired the site for $33.5M. It was encumbered with a long-term lease to the Robinson-May [...]
Read More >>Faber: US Will Default
February 10, 2010
Here’s to some comical relief (we hope). Marc Faber on CNBC projecting most governments will default, including the US, though he conveniently left out a time frame in his statement. My thoughts are that if we’re going to default, might as well do it now while we still have the superior military rather than wait. [...]
Read More >>The Irony of Silicon Valley
January 29, 2010
This is a post I’ve been wanting to write for a while, but until now I was not sure how or what to write exactly. It’s a bit long, but I think it is important. Silicon Valley is the center of innovation and home to giants of industry. It’s the place companies like Cisco, Google, [...]
Read More >>Layoffs Back: Verizon 13K, Sam’s Club 11K
January 27, 2010
The other day Wal-Mart announced 11-12K layoffs at its Sam’s Club unit. Yesterday we got word that Verizon is planning on laying off roughly 13,000 employees in 2010. This comes on the back of some pretty significant cuts it made in 2009. And today Home Depot is announcing 1,000 layoffs. …and there will be more. [...]
Read More >>A News Digest For Today
January 27, 2010
Rather than give you another daily dose of bad news about Tishman or some other poor sap who blindly overpaid for an asset with OPM, today we present you the following interesting headlines: 1) 1-Month Treasury Bills trading negative again. This is only the 2nd or 3rd time this has happened since Lehman went under. [...]
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