Anna Spiewak
Economy Watch: IMF More Optimistic About Growth; Architects Billing More; House Votes to Suspend Debt Ceiling
The International Monetary Fund said that global economic growth will strengthen in 2013. Business conditions at architecture firms continue to improve. And the House passed a bill to “suspend” the debt ceiling for three months.
Economy Watch Weekly: Good News This Week, Especially in Housing
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Jan. 18.
Live Chat with Rakesh Kishan
Live chat with Rakesh Kishan, president of consulting firm UMS Advisory. Tune in!
Interstate,Waramaug JV Buys Orlando-Area Resort
In its fifth joint acquisition over the past two years with Waramaug Hospitality, of Washington, Conn., Interstate Hotels & Resorts has acquired the Radisson Resort Orlando – Celebration, in Celebration, Fla.
Economy Watch: Consumer Sentiment Sees Small Decline; Debt Ceiling Deal in the Works? Fewer Banks Went Bust in ’12
Consumer sentiment remains at relatively low levels. The House of Representatives said it would vote on a debt ceiling deal this week. And fewer banks went bust in 2012 compared to the year before.
Student Housing Today: Living the W Hotel Life
The good old-fashioned dorm room has been transformed into a posh living space where students’ parents now want to live.
Economy Watch: Housing Starts Spike; Negative Equity Still Shrinking; Unemployment Claims Down
Private housing starts surged month over month. Negative equity was down again during the third quarter of 2012, a leftover from the housing crash. And the most recent unemployment claims decreased week over week.
Madison Capital JV Acquires NY Citibank Portfolio for $81M
Madison Capital, in a JV with an institutional owner, acquired a premier portfolio of five Citibank retail bank branches in the New York metropolitan area from FGP West Street for $81 million.
Economy Watch: Retail Sales Better Than Expected in December; Home Prices Up; PPI Slips
U.S. retail sales were up month to month. Home prices nationwide increased 7.4 percent year over year. The producer price index, however, was slightly down for the month of December.
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