Anna Spiewak
Business Cycles Matter
By Marcelo Bermúdez, President, Figueroa Capital Group, subsidiary of Charles Dunn Co.: Probably one of the best characteristics of real estate is the recurring business cycle markets and property types go through.
International: W. P. Carey Finances Construction of Wartsila’s R&D, Training Complex in Netherlands
W. P. Carey will finance the construction of a two-building complex in the Netherlands for the global industrial company Wartsila.
Economy Watch: CPI Edges Up in March, Inflation Still Muted; Homebuilders More Optimistic; Gas Prices Up
The Consumer Price Index for All Urban Consumers was up 0.2 percent for the month, but inflation is still on the low side. The National Association of Home Builders reported that the NAHB/Wells Fargo Housing Market Index rose one point to 47 in April from a downwardly revised March reading of 46.
JLL: Office Sector Delivered Strongest Performance Since Recession in Q1 2014
The office sector, often known to be on the bottom part of the real estate food chain, is making waves as of late, showing strong net absorption, spiked up rents and rise in development, according to JLL’s Q1 2014 Office Highlights.
Economy Watch Weekly: Fed Not Raising Rates, Even Though Employment’s Better than Expected
CPE’s economic analyst, Dees Stribling, gives his update for the week ending April 11.
NYU CUSP, Related & Oxford Team to Create First ‘Quantified Community’ in U.S. at Hudson Yards
New York City’s Hudson Yards developers have joined forces with New York University’s Center for Urban Science and Progress to make Hudson Yards the first Quantified Community in the country.
Minor Hotel Group Expands Mozambique Portfolio with Luxury Assets
Minor Hotel Group has added three hospitality projects in Mozambique to its holdings as part of its investment strategy targeting a portfolio increase of both global and Mozambican hospitality assets.
Economy Watch: Retail Sales See Healthy Uptick; Federal Deficit Still Dropping
Retail and food services sales increased by 3.8 percent in March year over year. The Congressional Budget Office estimated that the budget deficit in fiscal 2014 will be nearly a third less than in 2013.
Saint-Gobain Inks 320 KSF Lease for New North American HQ
World’s largest building materials company Saint-Gobain has signed a long-term lease for 320,000 square feet of space at its new North American headquarters in Malvern, Pa.
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