Anna Spiewak
Ivanhoé JV Joins Goldman, Greystar in 27 M-F Properties
Ivanhoé Cambridge has made its largest multi-family investment, joining a partnership of Goldman, Sachs & Co. and Greystar in the $1.5 billion acquisition of 8,010 multi-family units from Equity Residential.
Decade-Long M-U Development in Inland China Completes 13th Phase
A decade-long development effort by Sunac Real Estate was recently commemorated during a ceremony organized by the developer.
Economy Watch: Employers Offer More Jobs in February; Small-Biz Owners More Optimistic
The number of job openings at the end of February was 3.9 million, up from 3.6 million in January, which is the highest monthly number since May 2008. And March saw job growth in the small-business sector for the fourth consecutive month.
The Triple Bottom Line
The U.S. commercial real estate industry has made some significant strides on the sustainability front recently.
Economy Watch Weekly: March Crummy for Job Creation, but Housing Still Doing Better
CPE’s economic analyst, Dees Stribling, gives his update for the week ending April 5.
GlaxoSmithKline Sets Up Shop in New 208 KSF Home in Philly’s Navy Yard
A mere 18 months after Liberty Property Trust and Synterra Partners broke ground on GlaxoSmithKline’s new 208,000-square-foot office building, located in the Navy Yard Corporate Center at the Philadelphia Navy Yard, the pharmaceutical giant has settled into its new digs.
Economy Watch: Consumers Still Confident About Housing; Foreigners Fond of U.S. Benjamins
Consumers are fairly confident in the housing recovery despite dodgy fiscal policies. And the amount of U.S. dollar-denominated cash in circulation has risen by 42 percent in the last five years, and mainly the demand is for Benjamins – $100 bills, bought with euros.
LaSalle Taps HSBC’s Kern for CEO Americas Job
HSBC’s loss will be LaSalle Investment Management’s gain. LaSalle has snapped up Jason Kern, an HSBC managing director & head of the company’s Asia-Pacific Real Estate & Lodging Advisory Group, to serve as LaSalle’s new CEO of the Americas.
Economy Watch: March Job Growth Sputters; Retail Vacancies Decline Slightly; S-F Home Rents Stagnate
The U.S. economy created only 88,000 jobs in March, a drop from February. The average vacancy rate for U.S. regional malls dropped to 8.3 percent in the first quarter of 2013, down from 8.6 percent in the fourth quarter of 2012. And rents for single-family houses have leveled off nationwide.
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