Anna Spiewak
Economy Watch: New Home Sales Up in April; Stocks Roiled Worldwide
New home sales were at an annualized rate of 454,000 units in April, up from 444,000 in March. And equity markets worldwide had an unusually rough day on Thursday.
Economy Watch: Existing Home Sales Up; FOMC Mulls QE3 Wind Down; Bernanke Takes Congress to Task over Austerity
Existing home sales were up 0.6 percent in April. The Federal Open Market Committee of the Federal Reserve gnawed on the subject of exit strategy from the central bank’s fiscal stimulation popularly known as QE3. And Fed chairman Ben Bernanke was before the Congress’ Joint Economic Committee, scolding the federal legislative branch for its frugal reaction to the recession and its aftermath.
Twitter Chat with Randy (Randolph T.) Mason
Join us for a live Twitter chat with Commercial Realty Specialists Partner Randy Mason on June 20, 2013 @ 2 p.m. (EST). Wondering how much power the tenant has today and how it’s impacting negotiations and tenant improvements? Questions about the benefits of subleasing? Are whole-building occupants better off leasing or buying? Randy (Randoplh T.) Mason will be chatting on Twitter with CPE editors and welcoming your questions. The CCIM- and SIOR-affiliated partner at Commercial Realty Specialists, with more than 22 years of real estate brokerage experience, specializes in leasing and sales of office and industrial properties throughout Orange County, and represents a variety…
Economy Watch: Home Prices Climbing; Truck Tonnage Drops; Philly Coincident Indexes Up
American home values continued to climb in April. The American Trucking Association’s For-Hire Truck Tonnage Index fell 0.2 percent in April after rising 0.9 percent in March. And Philly Coincident Indexes increased in 47 states over the past three months.
Hines Purchases LA’s 325 KSF Campus at Playa Vista for $218M
Hines Global REIT Inc. has added the Campus at Playa Vista, a 325,000-square-foot office complex in the Playa Vista neighborhood of West Los Angeles, to its portfolio.
Economy Watch Weekly: Less Deficit, More Retail Sales, Optimistic Homebuilders: Fairly Good Week
CPE’s economic analyst, Dees Stribling, gives his update for the week ending May 17.
RECon Special Report: Thousands Chase Deals in Las Vegas
Surging demand, new retail concepts and stirrings of new development were the talk of the Las Vegas Convention Center on Monday during the first day of RECon, the International Council of Shopping Centers’ annual spring convention.
Economy Watch: Lending Standards Easing for Biz, CRE; Chicago Fed Sees Lackluster Growth
Domestic banks, on average, report easing their lending standards over the past three months–and experiencing stronger demand in several loan categories. And led by declines in production-related indicators, the Chicago Fed National Activity Index decreased to –0.53 in April from –0.23 in March.
Economy Watch: Unemployment Down in Most States; Leading Economic Indicators, Consumer Sentiment Up
The unemployment rate in 40 states and the District of Columbia dropped. The Leading Economic Index increased 0.6 percent in April to 95, following a 0.2 percent decline in March. And consumers seem more optimistic as of mid-May.
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