Anna Spiewak
Formation Capital Buys $400M Seniors Housing Portfolio
Sizeable seniors housing portfolios are not easy to come by, but Formation Capital has gotten its hands on one.
Economy Watch: Economy Creates 195K Jobs in June; Another Positive Housing Indicator
The economy created 195,000 jobs in June, a bit more than the average increase for the last 12 months, which was 182,000. And nationally, asking home prices rose 10.7 percent year over year in June.
Economy Watch: More Evidence of Residential Strength; Factory Orders Up in May
Home prices nationwide, including distressed sales, increased 12.2 percent in May compared to the same month in 2012. And factory orders were up in May, pointing to continuing expansion in the manufacturing sector of the economy.
Economy Watch Weekly: Economy Grew Little in 1Q13, Other Good News
CPE’s economic analyst, Dees Stribling, gives his update for the week ending June 28.
Economy Watch: Mortgage Delinquencies Drop; Consumer Sentiment Still Elevated
Fannie Mae reported that the serious delinquency rate for the mortgages that it owns and insures dropped in May to 2.83 percent from 2.93 percent in April. And consumer sentiment in June was 84.1, an improvement from a preliminary reading of 82.7 released on June 14.
The New Trends
After writing last month about innovation as I reflected on the achievements of CPE’s Most Influential People in Real Estate, I flew out to the Urban Land Institute’s Spring Meeting in San Diego, where “Innovate” was the overriding theme. Coincidence? Perhaps, but these days creativity is paramount as the commercial real estate industry explores new ways to address large-scale challenges. A few themes stand out among those discussed during the ULI conference and outlined by Counselors of Real Estate chairman Howard Gelbtuch at the National Association of Real Estate Editors’ conference in early June. Leading trends include the Echo Boomers’…
Opening Doors
Innovator Lauralee Martin targets further growth for Jones Lang LaSalle’s powerful Americas unit.
Economy Watch: Pending Home Sales Rise; Income, Savings Edge Up; Initial Claims Back Down
NAR’s Pending Home Sales Index increased 6.7 percent in May. Both personal income and disposable personal income increased in May compared with April. And initial unemployment claims yo-yoed back down again last week.
You must be logged in to post a comment.