News
Economy Watch: Job Openings, Household Debt, Global Growth Forecast
There were 4.8 million job openings on the last business day of August, up from 4.6 million in July. The U.S. household Debt Service Ratio came in at 9.91 percent in the second quarter, down from 9.96 percent in the first quarter. Worldwide economic growth is expected to average 3.3 percent in 2014, unchanged from 2013.
Economy Watch Weekly: Employment
CPE economy writer Dees Stribling offers his weekly roundup of economic indicators for the week ending Oct. 3, 2014, with a focus on employment growth.
The Bozzuto Group Relocates to New Corporate Headquarters, Remains in Prince George’s County
On Wednesday, October 1, The Bozzuto Group celebrated the relocation of its corporate headquarters to 6406 Ivy Lane, in Greenbelt. Company officials and employees, business associates and Prince George’s County leaders were present at the ribbon cutting ceremony.
C&W, Spire Ventures Partner with Property-Focused Tech Accelerator in London
Cushman & Wakefield has joined forces with Spire Ventures on a new strategic partnership with London-based Pi Labs, the very first property-focused technology accelerator company in Europe.
Carey Watermark Investors Buys Florida Resort & Spa
Carey Watermark Investors has acquired the Sawgrass Marriott Golf Resort & Spa, a 511-unit resort in Ponte Vedra Beach, Fla., from an affiliate of Goldman Sachs and Petra Capital Management.
EXPO Real Special Report: Redeveloping Cities in the Age of Startup
The second day at EXPO Real in Munich highlighted organization of urban areas to manage the advent of the Digital Age.
Anbang Acquires Waldorf Astoria NY for $1.95B
Anbang Insurance Group Co. has acquired the historic Waldorf Astoria New York from Hilton Worldwide Holdings for $1.95 billion, although the U.S.-based hotel chain will continue to operate the property for the next century.
Colliers Arranges $175M Loan for Granada Highlands in Malden, Mass.
Colliers International has arranged $175 million in financing through JP Morgan Chase for Granada Highlands, a gated multi-family community in Malden, Mass., owned by Metropolitan Properties of America.
Economy Watch: Mortgage Delinquencies, Consumer Spending
Black Knight Financial Services reported that 5.9 percent of U.S. mortgages were delinquent in August, up from 5.64 percent in July. And Americans’ daily spending dropped to an average of $87 in September, down from $94 in July and August.
Microsoft’s First Flagship Store Will Open at 677 Fifth Avenue in New York City
It’s been a busy end of September for Microsoft. The software giant unveiled its newest operating system and announced plans to open its first flagship retail store on New York City’s glitzy Fifth Avenue.