Anna Spiewak
Economy Watch: Leading Economic Indicators Spike in March; Chicago Fed: Economy Still Growing Above Historic Average
The Conference Board reported that its Leading Economic Index was up in March by 0.8 percent. And the Chicago Fed National Activity Index’s reading in March suggests economic expansion is still above historical trends.
Economy Watch: State Unemployment Rates Mostly Down in March; Number of Underwater Homes Dropping
In March, a total of 24 states had unemployment rates significantly lower than the U.S. figure of 6.7 percent. The first quarter of 2014 reported the lowest underwater residential properties since 2012.
International: Cadillac Fairview to Build Massive M-U District in Downtown Montreal
The real estate arm of Ontario Teachers’ Pension Plan Cadillac Fairview has revealed plans to develop Quad Windsor, a new residential and commercial district in downtown Montreal.
International: Intu Properties Pays Westfield $1.4B for 3 UK Retail Properties
Intu Properties has paid a total of $1.4 billion for three retail centers in the United Kingdom owned by the Westfield Group.
Economy Watch: Initial Unemployment Claims Reaches Another Low; Yellen Talks Unemployment
Last week’s unemployment claims rate was at a post-recession low. Fed Chair Janet Yellen noted that the jobs market isn’t quite as strong as the U.S. unemployment headline number suggests, which won’t trigger higher interest rates all by itself.
Magid Glove & Safety Buys 703 KSF Industrial Building in Romeoville, Ill.
America’s leading manufacturer of hand protection and first aid, Magid Glove & Safety, has bought 1300 Naperville Drive, a 704,000-square-foot industrial building in Romeoville, Ill. for an undisclosed amount.
Twitter Chat: Walter Byrd on Free-Trade Zones & Industrial RE
Transwestern’s Southeast Managing Director Walter Byrd took time out of his busy schedule to chat with Commercial Property Executive editors about free-trade zones and industrial real estate, in 140 characters or less per Tweet
APRIL ISSUE: Shopping for … Medical Services?
Next time you visit your doctor, you may be able to squeeze in a little shopping while you wait for your turn.
Economy Watch: Housing Starts See Uptick in March; Beige Book: Increased Economic Activity
U.S. housing starts in March came in at 2.8 percent higher than the revised February estimate. The Beige Book reported that economic activity increased in most regions of the country since the previous report.