Finance
Beige Book: Upswing in Retail and Industrial, Improvements in Lending
When Jones Lang LaSalle released its Beige Book business survey this month, parts of the report were rosy with optimism.
Economy Watch: Employment Pic No Worse
About 36,000 employees were shown the door in February, according to the Bureau of Labor Statistics on Friday, but it wasn’t enough to budge the official unemployment rate of 9.7 percent. Moreover, it was fewer job losses than expected.
Economy Watch: Retail Sales Bounce Upward
What snowpocalypse? The American consumer shrugged off the snows of February and went shopping in considerable numbers last month according to a number of retail surveys.
Deloitte: Hope for Market, but Maturities Loom
While a decent amount of indicators are looking brighter than in years or even months past, the amount of loan maturities coming up in the next several years could put a dent in that optimism.
Economy Watch: Snowmageddon Gets One More Mention
The Federal Reserve released its latest “Summary of Commentary on Current Economic Conditions by Federal Reserve District,” otherwise known as the Beige Book, on Wednesday. The economy is growing, according to the report, but modestly.
Economy Watch: CRE Prices Out of Trough: Green Street
Green Street Advisors reported on Tuesday that its Commercial Property Price Index rose by 1 percent in February, compared with the previous month. According to the company, U.S. commercial property values have now risen by a little more than 10 percent since hitting a trough in May 2009, but values are still off by roughly 30 percent from their ’07 peak.
Economy Watch: More Consumer Spending
According to the U.S. Department of Commerce on Monday, consumer spending ticked upward by 0.5 percent in January. The gain followed a 0.3 percent increase in December, and was more than economists expected.
Economy Watch: Buffett Says Don’t Worry Too Much
What does the Oracle of Omaha now have to say about the housing market? “Within a year or so residential housing problems should largely be behind us, the exceptions being only high-value houses and those in certain localities where overbuilding was particularly egregious,” Warren Buffett noted in his letter to Bershire Hathaway shareholders on Friday.
Economy Watch: Apple Sets Retail Sights on China
Reports from Apple Inc.’s annual shareholder meeting in Cupertino, Calif., on Thursday noted some retail expansion news from the leading gadget-creator of our time. Namely, the company plans to open 25 stores in China over the next two years; apparently Steve Jobs himself mentioned the plans.
RCA Report: Investment Market Rebound Already Underway
It comes as no surprise that 2009 was a bad, bad year for property sales across the globe. According to Real Capital Analytics’ new Global Capital Trends report, the volume of commercial property sold last year reached only $381 billion, a staggering 30 percent drop from 2008.










