News
Lexington Realty Buys $53M Portfolio of Vet Offices
Lexington Realty Trust has bought a pack of 10 clinics operated by BluePearl Veterinary Partners, the nation’s leading 24-hour emergency pet care provider, for $53 million.
Economy Watch: Jobs Created Across Economic Sectors; Income, Federal Deficit Drop
A number of major sectors of the economy created jobs in November. Personal income decreased 0.1 percent in October compared with September. And the federal government ran a budget deficit of $231 billion for the first two months of fiscal year 2014 – October and November of this year – which was $61 billion less than the shortfall recorded in October and November of 2012.
U. of Utah Breaks Ground on $30M Clinic, its 14th in Salt Lake Valley
Investment opportunities can be found everywhere in the Salt Lake City metropolitan area but, in 2013, a focus on education and healthcare has been noticeable. A number of universities have expanded their facilities in 2013 and the latest institution to do so is the University of Utah. U of U is making a serious investment in the development of the new Midvalley Health Center, a facility that will provide quality dermatology care and ophthalmology services once it is completed.
OPRS Breaks Ground on $30M Addition to Seniors Community
Westminster-Thurber, one of 11 retirement communities owned and managed by the Ohio Presbyterian Retirement Services, has been serving Central Ohio for the last 48 years. Now, the community plans to expand with a new high-rise, its second just north of Downtown Columbus. It held a ground breaking ceremony for the project on December 4, on the Westminster-Thurber Community Campus, at 717 Neil Avenue.
Continued Recovery
By Walter G. Page Reflecting a ramping up of office job growth, net absorption of office space increased by 50 percent in the year through the third quarter of 2013, to an annualized 76 million square feet. Because office demand is only growing at a 1 percent rate while office job growth is plus 2 percent, our view is that the office market continues to have upside, with third quarter 2014 demand forecasted at just over 100 million square feet. Since net office deliveries are running at less than half of demand (net absorption) growth, office vacancy rates have declined…
Selective Solutions
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
More Durable Economy
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
