Anna Spiewak
Economy Watch Weekly: Consumer Credit Peaks, Underwater Mortgages Dip, What Will Fed Do About QE3?
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Sept. 13.
HFF Arranges $114M Financing for Cousins’ 775 KSF Office Tower in Atlanta
When obtaining the billion dollars in cash for a recent office portfolio purchase, Cousins grabbed a little bit from here, a lot from there and additional funds from the $114 million financing of its 774,000-square-foot Promenade office building in Atlanta.
Economy Watch: Residential Prices, Industrial Production Continue Climbing
FNC’s Residential Price Index was up 0.07 percent in July compared with June. And industrial production was up 0.4 percent in August compared with July.
Commercial real estate may hold up reasonably well as the Fed unwinds QE3, and investors should lock in low interest rates now.
–Kenneth Riggs, Chairman & President, Real Estate Research Corp.
The Fickle Market
As the economy recovers, investors and lenders alike have been eagerly pouring money back into real estate.
Clarion Buys ‘Jewel Box’ Boston Building for $54M
One Liberty Square, a 13-story, 157,500-square-foot office building in Boston’s financial district, has been purchased for $54 million by Clarion Partners.
Economy Watch Weekly: Mediocre Jobs Numbers Have Economists Asking: What’s Next from the Fed?
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Sept. 6
Trading Students for Tenants
As schools across the nation close due to dwindling enrollment and shrinking population, school boards are learning to better market them to potential developers in hope of breathing new life into old edifices.
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