Anna Spiewak
Economy Watch: U.S. Gains 175K Jobs in May; Household Net Worth, ISM Non-Manufacturing Index Up
The economy created 175,000 jobs in May, compared with a rise of 149,000 in April, which was surprisingly on the upside. Household net worth increased during the first quarter of 2013 compared to the previous quarter. The Institute for Supply Management reported that its Non-Manufacturing Index came in at 53.7 percent in May, 0.6 percentage points higher than in April.
NAREE Special Report: Apartment Rentals to Remain Healthy
Multi-family experts were optimistic about prospects for the sector at this morning’s midyear forecast at the National Association of Real Estate Editors conference in Atlanta.
Leading Innovation
Far from the provincial sector that once leapt from deal to deal with little thought for data or strategy, commercial real estate has grown into an analytical, sophisticated and accomplished industry.
Economy Watch: Economic Growth Still Moderate; Domestic Oil Production Outpaces Imports; Tepid Job Growth
Economic activity is said to have increased at a “modest to moderate pace” this year. Domestic crude oil output surpassed imports last week. And private employers created 135,000 jobs in May, a relatively low total,
NAREE Special Report: Gelbtuch Announces CRE’s Real Estate Top 10 Issues
The top 10 issues to affect real estate this year offer some real investment opportunities, especially when taken in combination. Counselors of Real Estate chairman Howard Gelbtuch released the updated version of the organization’s annually adjusted list yesterday at the National Association of Real Estate Editors conference in Atlanta.
Economy Watch Weekly: Housing Still Improving, but Not to Pre-Recession Levels
CPE’s economic analyst, Dees Stribling, gives his update for the week ending May 31.
Schorsch Strikes Again with Second GE Net Lease Deal for $1.5B
American Realty Capital Trust IV announced agreeing to buy from GE a 986-property retail portfolio for $1.45 billion.
Economy Watch: Income Drops Slightly in April; Consumer Confidence Rises
Personal income was down $5.6 billion, or slightly less than 0.1 percent, in April. And the Conference Board’s consumer confidence index was up last week.
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