Anna Spiewak
Economy Watch: Industrial Production Drops; Consumer Sentiment Unmoved
Overall industrial production decrease of 0.3 percent in January is blamed on the severe winter weather. And the preliminary Reuters/University of Michigan consumer sentiment index for February came in at 81.2, unchanged from January.
Economy Watch: Retail Sales Drop in January; MBA Predicts Rise in New Home Sales; Initial Unemployment Claims Up
U.S. retail sales dropped 0.4 percent in January compared with December. The Mortgage Bankers Association estimates that sales of new single-family homes will increase by 35 percent in January 2014, compared to December. For the week ending Feb. 8, initial unemployment claims rose by 3,500 from the previous week.
Repair, Replace, Recover
At press time, Congress had just approved a $1.1 trillion spending bill funding the federal government until September. A follow-on to the two-year budget accord achieved in December, it marked progress after three years of partisan infighting that hit a nadir last October with the first shutdown of the federal government in 17 years. Besides wasting precious time, energy and good will, the bickering has done nothing to address the fundamental challenges: a shortage of capital and the responsibility to allocate those resources wisely. While Congress has been fighting over spending priorities, local governments continue to grapple with shortfalls that…
Economy Watch Weekly: Weak Jobs Numbers for January Seemed Strange
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Feb 7.
James Breitenstein: Single-Family Rental Investment: Finding the Right Fit
Single-family rental investment is a relatively new but fast-maturing sector, and investors today are beginning to sort out the alternatives within the SFR category.
Senior Housing Properties to Buy 2 Biotech Buildings in Boston for $1.1B
Senior Housing Properties Trust has agreed to buy two 15-story biotech medical office buildings, which include a connected three-level, 740-stall, below-grade parking garage, located in Boston’s premier Seaport District for a purchase price of $1.1 billion.
Colliers Expands in U.K. Retail Sector with Acquisition of London’s Briant Champion Long
Colliers International, the third-largest commercial real estate services company in the world, has expanded its presence in the U.K.’s retail real estate arena with the acquisition of Briant Champion Long.
The February digital edition of CPE is now available!
Editor’s Note: Repair, Replace, Recover At press time, Congress has just approved a $1.1 trillion spending bill funding the federal government until September. News Story: Hilton IPO Sets Record Once word came from private equity firm Blackstone Group in September that it was planning an initial public offering for Hilton Worldwide, anticipation began building. Trend Story: Fine Dining Takes to the Malls Fine dining and retail are colliding! Cover Story: Bridging the Gap Industry innovators find solutions to the nation’s infrastructure crisis. Finance Special Focus: New Visions: Smart Deals and Hubris Cohen Financial CEO Jack Cohen discussed the state of the…
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