Anna Spiewak
Clarion Completes Sale of Waterside Shops in Florida for $155M
Clarion Partners has completed the disposition of a 50 percent interest in Waterside Shops, a luxury retail destination in Naples, Fla., on behalf of the Oregon Public Employees Retirement Fund for approximately $155 million, less assumed debt.
Economy Watch: December Job Creation Middling; Fed’s Thinking on QE3 May Be Shifting; Initial Unemployment Claims Up
The year ended with neither a bang nor a whimper when it came to job creation. The Federal Reserve Open Market Committee discussed a few options in terms of QE3. And initial unemployment claims saw an uptick by the end of December.
Economy Watch: Markets Excited by Cliff Deal; Construction Spending, Shadow Residential Inventory Down
The market reflected the relief of the passing of the fiscal cliff bill, with Wall Street faring very well. Construction spending edged down in November. And residential shadow inventory as of October fell 12.3 percent from last year.
Economy Watch Weekly: Housing Recovery Is the Big Story for 2012
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Dec. 28.
A Fiscal Kick the Can?
Kicking the can down the road: In real estate finance circles, it’s become a common phrase for the delaying tactic employed by banks that are unable to refinance mortgages in the face of recession and tight lending practices. In the final days of 2012, kicking the can threatened to become national policy as the White House and Congress tried to strike a deficit reduction deal before spending cuts and tax hikes specified in the Budget Control Act of 2011 took effect, possibly sending the United States off the so-called fiscal cliff. Quite a challenge for the final days of President…
‘Obamacare,’ Aging Americans & Growing Demand for Outpatient Facilities
At least one type of industry is sure to benefit from newly re-elected President Obama’s healthcare legislation, the Patient Protection and Affordable Care Act …
Economy Watch: Fiscal Cliff Bill Passes Congress; Serious Mortgage Delinquencies Dip
Congress finally passed the fiscal cliff bill yesterday morning. Serious mortgage delinquencies of more than 90 days past due declined in November. And Wall Street ended on a positive note yesterday.
Economy Watch: No Cliff Deal Over Weekend; Pending Home Sales Up; U.S. Population Growth Slows
No agreement has yet been reached on the matter of the fiscal cliff, despite the end of the year. Discussions might carry over into January. According to NAR, the Pending Home Sales Index is at the highest level since April 2010. And U.S. population growth slows, compared to what was initially predicted.
Economy Watch: New Home Sales Rise in November; Consumer Confidence, Unemployment Claims Dip in December
The rate of new-home sales has risen 4.4 percent month over month. Consumer confidence took a nose dive in December, due to apprehension in the months ahead. And initial unemployment claims decreased week over week.
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