Anna Spiewak
JLL Taps Duke’s Christie Kelly as New CFO
Jones Lang LaSalle has a new CFO come July 1. The commercial real estate services firm tapped Christie Kelly to provide leadership to drive growth, supervise financial and business planning, and direct investor and banking relations.
Economy Watch: Housing Starts, CPI Dip; Unemployment Claims Rise
Housing starts, which have been gaining upward momentum in recent months, took an unexpected dip in April. The Consumer Price Index also dropped 0.4 percent in April. And initial unemployment claims increased by 32,000 from the previous week.
Silverstein Secures Financing for Four Seasons Hotel, Condo Project in Lower Manhattan
Backed by a $660 million loan from a London investment fund, Silverstein Properties will begin construction this fall on a $950 million project, one of the tallest skyscrapers in downtown Manhattan, comprised of a 185-room Four Seasons hotel and 157 luxury condos.
ULI Special Report: Opening Speakers Emphasize Need for Innovation
Can developers be innovative? That was the topic of discussion during the opening session at the 2013 ULI Spring Meeting in San Diego.
Economy Watch: Homebuilders More Cheerful; EU Still Mired in Recession; Wholesale Prices Dip in April
Homebuilders are feeling better about their industry’s prospects than they have in years. Recession continues to dog the 17-nation eurozone. And the U.S. Producer Price Index for finished goods decreased 0.7 percent in April.
Winn Becomes Fortus Property Group’s First CEO
Fortus Property Group gets its first-ever CEO with the selection of William Winn to take on the title as well as that of president.
ASA Leases 160 KSF at JEMB’s Herald Center in NYC
JEMB Realty has signed existing tenant ASA College to a lease extension and expansion that will see the higher-education institution more than double its space at JEMB’s Herald Center, a 10-story, 250,000-square-foot retail and office property at the southwest corner of 34th Street and Broadway.
Economy Watch: Federal Deficit, Consumer Debt Shrink; Small Biz Owners More Optimistic
The federal budget deficit is projected to shrink in fiscal 2013 to $642 billion, the smallest shortfall since 2008. Outstanding household debt also dropped by about $110 billion from the previous quarter. And according to the National Federation of Independent Business, its Index of Small Business Optimism was up in April by 2.6 points to 92.1, which is just above the recovery average of 90.7.