Anna Spiewak
Fitch Ratings Report: U.S. Retail Closures May Hurt Tertiary Malls
A new report by Fitch Ratings reveals that a flurry of in-line tenant store closures could further weaken some already underperforming malls, especially those in tertiary locations.
International: Prologis to Develop 3 New Logistics Facilities in Japan
Leading owner, operator and developer of industrial real estate Prologis is set to build three new inventory logistics facilities in the Tokyo area.
Economy Watch: Negative Equity Continues to Drop; Most States’ Coincident Indexes Up; Fed Funds Rate to Remain Low
Negative equity has fallen for eight consecutive quarters as U.S. home values have risen. In April, coincident indexes increased in 47 states. New York Federal Reserve President William Dudley said he expects Federal Funds rates to stay low, even if the Fed hits its 2 percent inflation target.
You have to be flexible enough to cater to any changes right away.
–Kunal Thakkar, Newegg
Parkway Properties Taps Transwestern to Lease 346 KSF Office Complex in Miami
Parkway Properties has hired Transwestern to lease Courvoisier Centre, a 346,000-square-foot office building located on Brickell Key, Miami.
Economy Watch Weekly: Retail Sales Flat, but at Least the Weather’s Good
CPE‘s economic analyst, Dees Stribling, gives his update for the week ending May 16, 2014.
Economy Watch: E-Commerce Retail Still Expanding; Commercial Property Prices Mostly Recovered; Cash Housing Sales Still High, But Dropping
E-commerce retail sales for the first quarter of 2014 increased by 2.8 percent compared with the fourth quarter of 2013. CoStar reported that its two broadest measures of pricing for commercial properties each finished the first quarter of 2014 on a positive note. Cash sales made up 40.2 percent of total home sales in February 2014, down from 43.7 percent a year ago and 40.8 percent a month earlier.
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