Anna Spiewak
Exclusive: Kasselman to Head NGKF National Industrial Practice
Industry veteran of 26 years Geoffrey Kasselman has been tapped as an executive managing director at Newmark Grubb Knight Frank’s Chicago office, CPE has learned, leading the firm’s national industrial practice.
Economy Watch: ADP: Strong December Showing for Private-Sector Employment; FOMC: Tapering Will Proceed
U.S. private employers created 238,000 jobs in December, which was more than expected. And the Federal Open Market Committee released the minutes of its Dec. 17-18 meeting, which confirmed that the tapering of bond-buying was going to proceed in January.
Time Passages
By Robert Bach, National Director of Market Analytics, Newmark Grubb Knight Frank: The period around New Year’s, before the world returns to work in earnest, lends itself to reflection, and that holds true for those of us examining real estate trends.
Economy Watch Weekly: Bernanke’s Optimistic, but Is It Justified?
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Jan. 3.
Economy Watch: Case-Shiller: Home Prices Up in October; Consumer Confidence Spikes in December
S&P Dow Jones Indices released its October S&P/Case-Shiller Home Price Indices, showing both the 10-city and 20-city composites posting year-over-year gains of 13.6 percent. The Consumer Confidence Index, which had decreased in November, rebounded in December.
Economy Watch Weekly: Biggest Stories of 2013
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Dec. 27
Spitzer’s RE Company Spends $88M for Manhattan Property
Former New York Governor Eliot Spitzer has wrapped up a notable Manhattan purchase for the family real estate firm, Spitzer Enterprise — 511 W. 35th St., a 17,281-square-foot development site at the burgeoning Hudson Yards, from Alloy Development in a speedy $88 million transaction.
Economy Watch: Extended Unemployment Benefits Lapse; Freddie Mac Delinquency Rate Still Dropping
Extended unemployment benefits expired over the weekend and wasn’t extended as part of the budget deal passed by Congress a few weeks ago and signed into law by President Obama on Friday. Freddie Mac’s single-family serious delinquency rate dropped to 2.4 percent in November from 2.5 percent in October.
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