Anna Spiewak
Economy Watch: Home Prices See Annual Spike of 8.3%; ISM: Non-Manufacturing Economy Still Growing; Budget Battle Coming Soon
Home prices nationwide, including distressed sales, increased year over year. The Institute for Supply Management reported that U.S. economic activity in the non-manufacturing sector grew in January for the 37th consecutive month. And the first round of the Sequester Games got under way in Washington, with President Obama proposing a limited package of spending cuts and tax hikes to forestall sequestration and his Republican counterparts opposing the president’s proposal.
Blackstone’s LogiCor Expands European Portfolio with 4.3 MSF in Poland
LogiCor, the pan-European logistics real estate arm of investment and advisory firm Blackstone, continues its rapid expansion and Poland is certainly part of the program.
Economy Watch: Some Banks Ease Lending Standards; Gas Prices Eat into Consumer Budgets; Restaurant Operators Pessimistic
Certain domestic banks have reported easing of their standards across major loan categories over the past three months. The price of gas has spiked lately. And restaurateurs are worried that one thing Americans will spend less on going forward is eating out.
Tumultuous 2013
It remains a tumultuous time for the U.S. and world economies, and the post-deadline “fiscal cliff” deal did little to calm the waters.
Twitter Chat: Rakesh Kishan on Today’s Corporate Real Estate Strategies
Rakesh Kishan, president & executive managing director of real estate and facilities management consulting firm UMS Advisory, chatted with CPE on Twitter about corporations’ post-recession priorities and outsourcing needs.
Economy Watch: Home Prices Up Compared with Last Year; Consumers Feeling Poorly; Investors Happier
Residential prices are up in the nation’s largest metro areas. The consumer confidence index dropped more than expected. Investors, on the other hand, are optimistic, with their confidence up 5.4 points since December.
Economy Watch Weekly: Debt Ceiling Crisis Delayed, Good Enough Week for Housing
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Jan. 25.
Economy Watch: Initial Jobless Claims Lower Than Expected; Manufacturing Biz Conditions Improve in January; Miles Driven Edge Up
Initial unemployment claims were down for the week ending Jan. 19. There was also strong improvement in manufacturing business conditions nationwide during early January. And travel on all U.S. roads was up by 0.8 percent.