Anna Spiewak
Economy Watch Weekly: Housing’s Not as Robust as Last Year
CPE‘s economic analyst, Dees Stribling, gives his update for the week ending May 23, 2014.
International: Oberoi Partners with Ritz-Carlton on M-U Worli Development in Mumbai
The Ritz-Carlton Hotel Co. has signed a long-term management agreement with Oasis Realty, a joint venture between Oberoi Realty and Sahana Group, to open the first Ritz-Carlton in Mumbai.
Economy Watch: New Home Sales See Uptick in April; Bank Failures at Sluggish Pace
Sales of new single-family houses in April increased by 6.4 percent compared to March. And so far, only eight banks have failed nationwide.
Economy Watch: Existing Home Sales Rise in April; Home Price Growth Slows
Total existing-home sales rose 1.3 percent in April compared to March. National home values fell 0.1 percent in April compared with March to $170,200.
MAY ISSUE: Minimizing Risk, Building a Brand
Reputation management, crisis response assume new importance.
Hudson News Distributors Sells 475 KSF HQ in North Bergen, NJ
Print media giant Hudson News Distributors has sold its long-time 23-acre headquarters in North Bergen, N.J., to Bergen Logistics, and leased a new space in Parsippany, N.J.
International: Salvo to Develop $259M M-F Tower in Melbourne
Salvo Property Group, a leading Australian development company focused on building affordable luxury properties, has appointed Brookfield Multiplex to design and construct Platinum Tower, a $259 million multi-family tower in Melbourne.
Michelin Inks 1.7 MSF Lease at RidgePort Logistics Center in Chicago Area
Tire-manufacturing giant Michelin has entered into a build-to-suit agreement under which it will lease 1.7 million square feet of distribution space at the RidgePort Logistics Center in Wilmington, Ill.
Economy Watch: FOMC Mulls Monetary Policy Normalization; Architects’ Billings Down in April
The Federal Open Market Committee held a meeting on the “eventual normalization of the stance and conduct of monetary policy,” which hasn’t been normal for quite some time. The Architectural Billings Index was 49.6 in April, up from 48.8 in March.
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