Anna Spiewak
Economy Watch: New Homes Sales Up in ’13; Long-Term Unemployment Spotlighted in State of Union
New home sales were up 4.5 percent in 2013 compared to the previous year. One initiative that President Obama is expected to announce in his State of the Union address today is dealing with the long-term unemployed.
CBC Alliance Increases NYC Presence via Merger with Tarter Stats O’Toole
Continuing its national growth plan, Coldwell Banker Commercial Alliance has increased its presence in New York City in one fell swoop by bringing commercial real estate firm Tarter Stats O’Toole into the fold.
The Hurry-Up Generation
Millennial managers seek challenges, mentoring and a fast track.
Economy Watch Weekly: Better U.S., World Growth Predicted for 2014
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Jan. 17.
Ensemble Opens First Hotel at Philadelphia Navy Yard
Ensemble Hotel Partners is opening a 172-key Courtyard by Marriott, the first hotel at the Philadelpha Navy Yard that will serve the city’s largest business district.
JLL Promotes O’Brien to CEO, Americas
Jones Lang LaSalle has tapped in-house executive Gregory O’Brien for the CEO, Americas position. He will be replacing Lauralee Martin, who left after one year in the position to head healthcare REIT HCP.
Breaking News: Time Warner Sells 1.1 MSF Office Space to Related Cos.
Time Warner Inc. has sold the 1.1 million square feet of office space it owns in Time Warner Center for $1.3 billion to a venture of Related Cos. and GIC.
Winthrop Realty Trust’s Times Square NY Venture Refinances Existing Debt
The development venture that bought 701 Seventh Ave. in Manhattan’s Times Square in October 2012 has completed $815 million in refinancing.
Economy Watch: Beige Book Strikes Optimistic Tone; World Bank Hopeful on World Economic Growth
The Beige Book had some positive things to say about the U.S. economy, mainly that it was expanding at a moderate pace. The World Bank was also optimistic about global economic growth for the new year in its more recent “Global Economic Prospects” report.
Multi-Tenant Properties in Greater Demand as Investors Look for Higher Returns
Triple-net, single-tenant properties have experienced cap rate compression to all-time lows in recent years.
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