Business Specialties
MIPIM Coverage: What architecture can and cannot do for evolving cities
Six noted and respected architects, including Daniel Libeskind, Bernado Fort-Brescia and Manuelle Gautrand, discussed the role of architecture in our changing cities.
MIPIM Coverage: What makes a successful city?
City success is typically not predictable. There are too many variables to be able to predict the long-term financial viability of a city, and trends have led many to wrong conclusions pertaining to the futures of numerous cities. However, successful cities do have common characteristics.
Economy Watch: Bernanke Tells Congress That Fed Needs to Police All Banks
Remarkably, members of the House of Representatives took time from the healthcare hubbub on Wednesday to hear testimony from Federal Reserve Chairman Ben Bernanke, or at least the House Financial Services Committee did.
With a Boost from U.S. Market Activity, Global Investment Volumes to Reach $478B
It is no secret that worldwide commercial real estate investment volumes took a nosedive in 2009. However, last year’s lackluster level of activity will be just a bad memory given the positive 2010 forecast detailed in Cushman & Wakefield’s 2010 Global Investment Atlas, which the commercial real estate services firm launched March 16th at the annual MIPIM world property market conference in Cannes, France.
PREIT Advances Capital Plan with New $670M Credit
In the current lending climate, it’s a rare occasion that a REIT can obtain over half a billion dollars in financing, but Pennsylvania Real Estate Investment Trust has done just that. The Philadelphia-based retail REIT recently got its hands on a $670 million secured credit facility. But, according to PREIT, the coup had nothing to do with the slow thawing of the credit markets.
Awful ’09 Making Way for Hopeful ’10: IPD Conference Speakers
The U.S. commercial real estate market turned in the worst performance on record in 2009, posting a return of -17.1 percent for the year, according to results of IPD’s first U.S. annual index. IPD unveiled the findings and the index during a presentation Tuesday morning in Midtown Manhattan.
Economy Watch: Housing Starts Down Because of Snow — and the Economy
Housing starts nationwide stumbled in February according to the U.S. Department of Commerce on Tuesday. Some observers cited the weather for the decline, but the relentless drumbeats of unemployment, tight credit and foreclosures were probably also factors.
Dodd: Rein in Wall Street
Senate Banking Committee chairman Christopher Dodd on Monday put forth a dramatic – and at 1,336 pages, lengthy – bill to overhaul financial regulations.
Economy Watch: Immigrants Head for Mid-Tier Cities, Could Be Real Estate Boon
A study by the Lusk Center for Real Estate at the University of Southern California has found that an increasing number of immigrants to the United States are moving to places other than the standard gateway cities of New York, Los Angeles and Chicago. Instead many of these new Americans are favoring smaller cities where the cost of living is lower and jobs are easier to come by.
Policymakers and the GSEs: Risks to Watch
While the Obama Administration has not revealed any inclinations toward the direction it might take with revision of the government-sponsored entities, professors, pundits and others have proposed some possible directions.