Anna Spiewak
INTERNATIONAL: Tata Housing to Develop M-F Community in National Capital Region of India
Tata Housing Development Co. is rolling out a new luxury residential project called Arabella in the Gurgaon district of India to serve a new class of wealthy consumers.
Economy Watch: Housing Starts Slid in June; Unemployment Claims Drop, So Does Wall Street
U.S. housing starts in June dropped by 9.3 percent compared to May. In the week ending July 12, initial unemployment claims shrank by 3,000 compared to the previous week. Wall Street also took a dive on Thursday, supposedly on investor jitters about eruptions of violence in various parts of the world, or maybe because housing starts disappointed.
CBRE Buys U.S. Equities, Combines Chicago-Area Operations
Commercial real estate giant CBRE Group acquired the 36-year-old boutique U.S. Equities to bolster its presence in Chicago and expand its relationships with property owners.
INTERNATIONAL: Mace to Oversee Maintenance at Admiralty Extension in London
Mace has been appointed as project manager to oversee the design and refurbishment of 193,750 square feet of office space at the Old Admiralty, a government estate, in London.
Economy Watch: Beige Book: Economy Still Growing; Homebuilders Optimistic Again; Industrial Production Edges Up
According to the latest Beige Book, all 12 Federal Reserve Districts reported expanding economic activity. Builder confidence in the market for single-family homes rose four points. And U.S. industrial production increased 0.2 percent in June.
Sunrise Report: M-F Northeast Investments Going Strong
The latest Sunrise Northeast multi-family rental market report reveals that as smaller Northeast cities reinvent themselves as centers for learning and technology innovation, investors are flocking to these areas for solid investments.
Prepare for Q4 in the Summer
By Manuel Fishman, RE Attorney, Buchalter Nemer: Due to the summer-vacation lull in CRE transactions during Q3, it’s a good time to look at one’s portfolio and “clean things up” in advance of dispositions and financings that all begin in September.
Economy Watch Weekly: QE3 Going Away
CPE‘s economic analyst, Dees Stribling, gives his update for the week ending July 11, 2014.
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