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Economy Watch: Mortgage Fraud, Retirement Accounts Up
The U.S. Department of the Treasury reported that “suspicious activity reports” relating to mortgage fraud were up 5 percent between 2009 and 2010.
Suburban Washington, D.C., Office Building Fetches $205M
Beacon Capital Partners L.L.C. has sold 1300 N. 17th St., a 377,700-square-foot office building in Arlington, Va., to an affiliate of Tishman Speyer.
W Chicago Hotel Trades for $128.8M
Starwood Hotels & Resorts Worldwide Inc. sold the 368-room property to Chesapeake Lodging Trust.
Deloitte Symposium Waxes Positive
The general consensus was that the economy, while on a slow path of recovery with the addition of 250,000 jobs each month, is showing signs of life, though not necessarily a strong return.
Economy Watch: Job Openings, Exports Up
The U.S. Department of Labor said that job openings rose nationwide by 99,000 during March to about 3.1 million, which is the highest total since September 2008, the month the economic panic really got under way.
Economy Watch: Home Prices Down, Debt Looms
On the heels of a dour home-price report by Zillow, the National Association of Realtors had its own melancholy numbers to report.
CoreNet: Panel Debates Future Workspaces
When tasked with determining what tomorrow’s digs will resemble, perhaps it is best to consult with what the young leaders of corporate real estate are doing at their organizations.
Concord Associates Plans New JV for $600M Casino
The Concord Resort, which will sit on a 116-acre site in New York’s Catskills region, boasts a design by Marnell Architecture, whose parent entity, Marnell Cos., will be a partner with Concord in the development.
Economy Watch: Home Prices, Jobs Numbers
Zillow, which tracks home prices nationwide, reported that U.S. homes were down 3 percent during the first quarter of 2011, to an average of $169,600. That average is also 8.2 percent lower than during April 2010.
Parkway to Sell 1 MSF Building for $162.2M
The firm came into possession of 233 N. Michigan in 2001, when it shelled out $173.5 million in cash for the 32-story tower.