Allison Landa
Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling offers insights on CPE Radio into the top economic news of the week ending June 3 and what to watch out for in the coming week.
Penn National Takes Ownership of $1B Resort
This was no hostile takeover. The acquisition of the M Resort Spa Casino in Las Vegas was simply the exercising of an option.
Emeritus Buys Out $310M Portfolio
The firm financed the purchase of Blackstone Real Estate Advisors’ share of the assisted-living properties with $40 million in cash and an increase in mortgage debt responsibility, taking it to $220 million.
CPE TV: San Bernardino Industrial Market Alive and Well
Kelly Reenders, deputy director for the County of San Bernardino Economic Development Agency, discusses how the San Bernardino industrial market is making a comeback.
Economy Watch: Employment Weak, Bankruptcies Down
According to the U.S. Department of Labor, the U.S. economy added 54,000 jobs during May, which was a weak showing indeed.
Transwestern Wins 4 MSF Management Gig
The commercial real estate firm has been given the assignment for Cabot Industrial Properties’ portfolio in Florida, a market Transwestern has targeted for the expansion of its management business.
Magleby to Head Capital Markets at Cushman
Cushman & Wakefield has tapped Curtis Magleby, a finance and investment specialist with two decades of experience, as senior managing director of capital markets & U.S. western region leader.
Economy Watch: ADP Numbers, Construction Spending
The equity markets were all atwitter — that is, stock-index futures plunged — after ADP Employer Services reported that U.S. employers added only 38,000 jobs in May.
Pebblebrook Breaks into Miami Hotel Market
The $36.5 million all-cash transaction involved the Viceroy, which opened its doors in 2009 with the distinction of providing the longest infinity-edge swimming pool in the state of Florida.
Report: Uncertain Times Lie Ahead
In a report titled “Expectations & Market Realities in Real Estate 2011 — Balancing Risk and Return in an Era of Uncertainty,” Real Estate Research Corp., Deloitte L.L.P. and Real Capital Analytics Inc. assert that commercial real estate investment could potentially stay attractive. That’s due to less volatility, more stability and increased transparency. However, the future also holds its downsides.