D.C. Stribling
Economy Watch: Mixed Jobs Reports So Far This Week
The monthly parade of jobs numbers has begun again, first with a report by Challenger, Gray & Christmas, which on Wednesday reported an 11.6 percent rise in mass layoffs in June compared with the previous month.
Economy Watch: U.S. Manufacturing Gains Steam
The nation is manufacturing with some gusto, but may not be producing that many jobs. After a stumble last month, U.S. manufacturing seems to be on its feet again.
PNC Plans Green HQ in Pittsburgh
The firm has unveiled plans to build a skyscraper in downtown Pittsburgh to serve as its new headquarters, stressing the green aspects it plans to include in the building and going so far as to call it “the world’s greenest skyscraper.”
Economy Watch: California Targets Mortgage Fraud, Rooftop Solar, Chicago Fed Index
The state of California has created a 25-member mortgage fraud task force, the aim of which is to investigate all variety of shady mortgages, while a Toys ‘R Us distribution center is soon to sport the largest solar roof in the country, and the Chicago Fed National Activity Index took a dive.
CW Hires New Execs to Expand CRE Debt Placement
CW Financial Services is doing its part in the financial services business’s improvement with the hiring of four industry veterans to broaden the company’s menu of financing services, especially its debt placements.
Investors Ink Major Hotel Deals in L.A., Chicago
Deep-pocketed investors are returning to hotels as an investment vehicle, with two more big properties changing hands recently in major U.S. markets.
Economy Watch: Unemployment, IMF Bailout of Portugal, Trump School Investigation
The Bureau of Labor Statistics reported on Friday that regional and state unemployment rates were generally little changed or slightly lower in April compared with March,
Economy Watch: Fewer Homes in Foreclosure, Housing Sales Drop, Leading Indicators Fall
U.S. mortgage foreclosures dropped during the first quarter of 2011 compared with the last quarter of 2010, while existing home sales declined 0.8 percent to an annualized rate of 5.05 million units in April and the Leading Economic Index also declined.
UC Davis Near Completion on First Phase of Massive Zero Net Energy Community
Work is nearly complete on the first phase of UC Davis West Village, which the university is calling the “largest planned zero net energy community,” in the country. That means that the property will ultimately generate at least as much, and possible more power than it consumes.
Economy Watch: Foreign Buyers, Farmland and Mortgage Disclosure
Americans might not be buying U.S. houses like they used to, but foreign buyers are in the market with both hands, according to a survey. Plus, Shiller lauds farmland, and the Consumer Financial Protection Bureau releases proposed mortgage disclosure forms.