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CURRENT NEWS AND INFORMATION
WASHINGTON, DC- US REITs turned in a strong performance for January, outpacing the broader equity market. On a total return basis, the FTSE NAREIT All REITs Index gained 6.47% and the FTSE NAREIT All Equity REITs Index was up 6.36% for the month.
THE Cebu City Office of the Building Official (OBO) admitted that some buildings in the city are vulnerable to strong earthquakes. Acting Building Official Josefa Ylanan pointed out that even in Japan, where advance technology is used in construction projects, some buildings are still not stable enough to withstand strong earthquakes.
EXPANSION ADDS JOBS: Samsung at Doral Costa Office Park, 9850 NW 41st St., has extended and expanded its lease from 10,400 square feet to 11,600. The multinational conglomerate will expand staff at the location from about 60 people to around 80, said Mort Fetterolf, senior commercial associate of Colliers International South Florida, who represented Samsung in the transaction.
WASHINGTON, DC-An overwhelming majority of commercial real estate executive respondents—83%—in a survey to be released this week report that their base salary compensation rose 5% in 2011. This compares to a year earlier when 64% reported an increase in base salary in 2010. The survey, conducted by CoreNet Global and FPL Associates, focused specifically on the demand side—that is, executives at ...
Office space, incubator program and more than a couch to crash on are on offer.
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