Allison Landa
Economy Watch: Job Openings, Exports Up
The U.S. Department of Labor said that job openings rose nationwide by 99,000 during March to about 3.1 million, which is the highest total since September 2008, the month the economic panic really got under way.
PREI Breaks New Ground with Debt Fund
Prudential Real Estate Investors has completed Pramerica Real Estate Capital I, an $800 million, closed-end investment vehicle that will supply financing for deals involving European commercial real estate properties.
Economy Watch: Home Prices Down, Debt Looms
On the heels of a dour home-price report by Zillow, the National Association of Realtors had its own melancholy numbers to report.
From the Inside: Stephen Paul on Valuation Methods
Appraisers can choose from three approaches to determine what a buyer would pay for a commercial property. But which approach is the most appropriate method of valuation?
CoreNet: Panel Debates Future Workspaces
When tasked with determining what tomorrow’s digs will resemble, perhaps it is best to consult with what the young leaders of corporate real estate are doing at their organizations.
Concord Associates Plans New JV for $600M Casino
The Concord Resort, which will sit on a 116-acre site in New York’s Catskills region, boasts a design by Marnell Architecture, whose parent entity, Marnell Cos., will be a partner with Concord in the development.
Economy Watch: Home Prices, Jobs Numbers
Zillow, which tracks home prices nationwide, reported that U.S. homes were down 3 percent during the first quarter of 2011, to an average of $169,600. That average is also 8.2 percent lower than during April 2010.
Parkway to Sell 1 MSF Building for $162.2M
The firm came into possession of 233 N. Michigan in 2001, when it shelled out $173.5 million in cash for the 32-story tower.
Economy Watch: Jobs Report Solid, Commodities Tumble
A number of drivers accounted for an unexpectedly strong jobs report from the U.S. Bureau of Labor Statistics, which said that the economy added 244,000 positions in April.