Anna Spiewak
Re-Mapping Distribution Centers for E-Commerce
As high-speed deliveries of online-ordered goods become more of an expectation, retailers are experimenting with methods of achieving same-day—and in some cases even faster—delivery.
Economy Watch: Foreclosures Dropping; Household Wealth Not Recovered; Unemployment Rises
There were about 52,000 completed residential foreclosures in the U.S. in April 2013, down from about 62,000 in April 2012, for a year-over-year decrease of 16 percent. Average household wealth is only about halfway back to pre-recession levels. And for the week ending May 25, initial unemployment claims increased by 10,000 from the previous week.
Economy Watch: U.S. Banks Healthy; World Growth Still Sluggish
According to the Federal Deposit Insurance Corp., American banks had their best-ever quarter during the first quarter of this year. And the world economy is predicted to grow 3.1 percent this year, then accelerate to 4 percent growth in 2014. The estimate is a bit gloomier than the last Economic Outlook, published in November 2012, which predicted 3.4 percent growth in 2013 and 4.2 percent in ’14.
Schorsch on Recent REIT Purchase: ‘CapLease Has Higher Leverage’
The Chairman & CEO of American Realty Capital Property chats with CPE about his company’s most recent REIT acquisition. Calling it a “transformative deal for both companies,” he announced Tuesday that ARCP plans to acquire CapLease Inc. for about $2.2 billion, including debt.
Economy Watch: Housing Prices Spike in Most Markets; Consumer Confidence Up
All three S&P/Case-Shiller Home Price composite indices showed double-digit annual increases for the three months ending in March. And the Consumer Confidence Index, which had improved in April, increased again in May, most likely on the strength of positive housing reports.
Retail Property Assets: An ‘Alternative’ Goes Mainstream
Fact: Ten thousand Baby Boomers will retire every single day over the next 19 years, according to Pew Research.
ARCP Back in the News: Acquiring CapLease for $2B
American Realty Capital Partners and CapLease Inc. just signed a definitive merger agreement under which ARCP will acquire all of the outstanding shares of CapLease in a transaction valued at approximately $2.2 billion.
Economy Watch Weekly: Good Month for Housing, Fed Chairman Warns Against Austerity
CPE’s economic analyst, Dees Stribling, gives his update for the week ending May 24.
Economy Watch: Memorial Day Weekend Travel Bottoms; Durable Goods Orders Peak
Less people traveled this Memorial Day weekend, an 8 percent drop in air travel compared to last year. And new orders for manufactured durable goods in April saw a monthly increase of 3.3 percent.
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