Anna Spiewak
Economy Watch: Construction Spending, Non-Residential Building, Manufacturing, Industrial, Retail Sectors
Construction spending dropped in November, though nonresidential building was up for the year. Manufacturing was down that month but continues to grow overall—good news for the industrial and retail sectors.
Whitestone REIT Shows Keen Interest in Sugar Land
Whitestone REIT has made its first purchase in Houston since becoming publicly traded in 2010 with the purchase of a 262-square foot shopping center in the city’s desirable Sugar Land community.
JANUARY ISSUE: CFO Corner–Roadmap to 2015
While there may be a growing sense of confidence among America’s business leaders about their companies’ futures, there seems to be a lack of attention to the investments that could help overcome major obstacles, develop the best possible leadership teams and drive innovation, according to the findings of Deloitte’s inaugural Business Confidence Report.
Schorsch Steps Down at NYRT; Happel Steps Up
Roughly two weeks after real estate industry bigwig Nick Schorsch resigned from his position as executive chairman of American Realty Capital Properties following revelation that the AR Capital-sponsored REIT had deliberately concealed accounting errors in financial statements, Schorsch has relinquished his position as chairman of the board and CEO of AR Capital-sponsored New York REIT Inc.
PANYNJ Report: Sell Assets, Limit CRE Investment Not ‘Integral’ to Transportation
The Port Authority of New York and New Jersey manages a real estate portfolio with more than 12,000 acres of land as well as 45 million square feet of office, industrial and retail space. But unless those assets move people or cargo, they are soon likely to have a for sale sign slapped on them.
INTERNATIONAL: Hines Buys Back Industrial Property in Guadalajara
International real estate company Hines has purchased back Parque Industrial Tecnológico II in Guadalajara, Mexico, from Union Investment, to whom it previously sold the property back in 2007.
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