Anna Spiewak
INTERNATIONAL: Union Investment Acquires Landmark Weser Tower in Germany
Union Investment has bought the landmark Weser Tower in Bremen, Germany, in a deal that is deemed one of the most significant real estate transactions seen in the city.
Jamestown: Sale of San Francisco’s Pacific Place Has Strong Long-Term Income Drivers
Jamestown COO tells CPE the firm has sold Pacific Place, an office and retail property in downtown San Francisco, to J.P. Morgan for $415 million because of its attractiveness to institutonal investors
Economy Watch: Most States See Unemployment Rate Drop Since Last Year; Household Debt-to-Income Ratio Drops to New Lows
Forty-nine states and D.C. saw unemployment rate decreases from a year earlier. U.S. household debt service ratio hit a record low in the first quarter of 2014.
A Risk-On State of Mind
By Ken Riggs, President & CEO, RERC: What’s a mind to think? Despite the 1 percent contraction in economic growth in the first quarter of 2014, which the markets have generally sloughed off, the net worth of U.S. citizens has never been higher.
INTERNATIONAL: CPPIB, Hermes Forward-Purchase London’s South Bank Tower
Canada Pension Plan Investment Board and Hermes Real Estate have agreed to acquire part of London’s mixed-use South Bank Tower from a JV comprising Jadwa Investment and developer CIT Group.
Grainger to Erect 1.3 MSF Distribution Center in NJ
Leading industrial supply distributor Grainger Inc. has bought 96 acres of land in Bordentown Township, N.J., with plans to develop what will be the largest distribution facility in the state.
Economy Watch Weekly: Retail Sales Grew in Spring
CPE‘s economic analyst, Dees Stribling, gives his update for the week ending June 13, 2014.
Economy Watch: Homebuilders’ Confidence, Industrial Production Rise
Builder confidence in the market for newly built, single-family homes rose four points in June. U.S. industrial production rose 0.6 percent in May after declining 0.3 percent in April.
JUNE ISSUE: Pressing ‘Pause’
After a robust 2013, private companies are weighing IPOs in a quieter climate.
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