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Economy Watch: Leading Indicators Might Not Lead to Economic Expansion
The Conference Board Leading Economic Index for the United States increased a modest 0.4 percent in May, following an even more modest no change in April, and a 1.4 percent rise in March. In other words, the economy is shrugging its shoulders and saying that can’t be bothered to grow too much in the near future.
Vulcan Enters Phoenix Market Via $35M Acquisition
The eight-story, 260,000-square-foot Tempe Gateway building was completed in 2009 and developed by Opus West. It includes ground-floor retail space and a new parking structure with more than 1,000 spaces, as well as 30,000-square-foot floor plates for a range of tenants.
Economy Watch: Harvard Housing Report Mostly Glum
The U.S. housing market is in a deep pit with gooey clay walls and it’s going to take years to claw its way out. That’s the conclusion, in more metaphoric language, of Harvard’s Joint Center for Housing Studies 2010 report on the state of the U.S. housing market released on Monday.
Economy Watch: Retail Shocker, or Mere Bump?
Retail sales are a closely watched measure of the U.S. economy, and considering all the hand-wringing on Friday after the U.S. Department of Commerce posted a disappointing 1.2 percent drop month-over-month in retail sales figures, maybe too closely watched.
1,000-Room Lodging Project at Fort Lee in Virginia Moves Forward with Selection of Builder
The military branch’s Morale, Welfare and Recreation Command has tapped The Korte Company to spearhead design-build responsibilities for a $120 million temporary lodging facility at Fort Lee, about 30 miles south of Richmond, Va.
Richard Green: The Financial Markets & Commercial Real Estate
The Lusk Center’s Richard Green blogs on commercial real estate and financing on CPE’s From the Inside.
CPE’s Digital Edition for June is Live, With All the Industry News, Information and Features Pertinent to Your Business
Check out the June issue of Commercial Property Executive, featuring interviews with Doug Frye and Charles Werhane as well as all the pertinent news and information you need. Click here.
Tony Thompson on Receivership, Debt & Other Investment Trends
Tony Thompson, CEO of Thompson National Properties L.L.C., discusses investment trends and his company’s current strategy on CPE TV.
Peter Boritz on Cloud Computing
Peter Boritz blogs on CPE’s From the Inside on cloud computing. For more of his insights and blog posts from other industry experts, click on From the Inside.
Leaner, More Upbeat Show in Store for RECon’s Vegas Crowds
Just like every other corner of the industry, the Super Bowl of real estate events has been reshaped by recent events.