Market Update
Market Update – January 2009
CIM Group starting to sign major tenants in its Oakland investments. Formerly owned by Brandywine Realty Trust, 2100 Franklin Street, the new CIM Group signed Cerexa Incorporated for the new 2009 calender year. Cerexa Inc. will occupy 2100 Franklin’s top two floors equaling to about 38,000 square feet. A few weeks back CIM Group also [...]
Read More »Market Update – December 2008
The Labor Department released the new unemployment rate on December 5, 2008 at 6.7%. In November of 2008 roughly 533,000 jobs were cut, the most in 34 years. From the start of the recession on December of 2007, the U.S. economy has lost 1.9 million jobs totaling unemployment to 2.7 million. This rapid decrease in [...]
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