Anna Spiewak
Economy Watch: Bank Failures Slow Almost to Halt; Chinese Economy Listless
The rush of U.S. bank failures that began with the financial panic more than four years ago has crawled to a trickle. And the Chinese economy, which has seen consistently rapid growth in recent years, has shown recent indications of slowing down.
Economy Watch: Employment Up Ahead of Sequester; Intermodal Shipping Spikes in February
Professional and business services added 73,000 jobs in February despite the looming sequester. And intermodal traffic totaled more than 983,000 containers and trailers nationwide in February, up 10.5 percent compared with the same month a year earlier.
Life Lessons Learned
There is nothing more inspiring than talking with a group of achievers about how they got to where they are today. I never walk away from such conversations without new ideas, insights and energy. Indeed, their advice can be widely applied, for despite variations in background, there always seem to be similarities in how they manage, the lessons they have learned and their advice to others. I found this again as we reached out to 25 of the industry’s leading female executives for this month’s Special Report on Top Women in Real Estate. Some have had to fight harder than…
Hines REIT Pockets $412M on Sale of Houston’s 1.4 MSF Williams Tower
Hines Real Estate Investment Trust brings its ownership of the landmark Williams Tower in Houston to a lucrative end with the $412 million sale of the 1.4 million-square-foot office property to Invesco Real Estate.
Economy Watch: Fed Says Economic Expansion Still ‘Modest to Moderate’; Bankruptcy Filings Drop; ADP: Nearly 200K Jobs Created in February
According to the Federal Reserve, economic activity generally is expanding at a modest to moderate pace. Total U.S. bankruptcy filings decreased 21 percent in February compared with the same month a year ago. And according to ADP, private sector employment increased by a net of 198,000 jobs from January to February.
Repeat of ’06-’07 LBO Wave Unlikely for Equity REITs Post-Dell
By Britton Costa, Associate Director, REITs, Fitch Ratings: Dell Inc.’s recently announced leveraged buyout spurred speculation as to what other sectors might see as an increase in LBO activity considering the low interest rate environment.
U.S. ‘Snowbirding’
By Dan Vittone, SIOR, Principal, Capital Markets Group, Avison Young: Canada continues to be one of the most active foreign investors in U.S. commercial real estate assets. Pension funds north of the border have dispensed about $9 billion into U.S. commercial real estate over the past three years, a total investment that exceeds its nearest competitor country by 300 percent.
MIPIM Special Report: $460M Beirut Terraces Possible First Lebanese Global Award Winner
With MIPIM 2013 just around the corner, nominees of the nine categories of the MIPIM Awards are abuzz with anticipation.
Economy Watch: Home Prices Balloon in January; Non-Manufacturing Sector Still Expanding; A New High for Wall St.
Home prices nationwide, including distressed sales, increased year over year by 9.7 percent in January 2013, which is the biggest increase since April 2006. Economic activity in the U.S. non-manufacturing sector grew in February for the 38th consecutive month. And the Dow Jones Industrial Average spiked up on Tuesday, ending the day at an all-time high.
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