News
South Carolina Manufacturing Going Strong; Crescent Signs Former Disney Development Executive
South Carolina’s economy is growing strong, show the latest reports. According to numbers cited by the South Carolina Department of Commerce, the Palmetto State’s 2.7 percent Real GDP growth rate outpaced not only the regional average of 2.1 percent, but also the national average of 2.5 percent.
Nashville Symphony Sees the Light at the End of Tunnel. Maybe
The Nashville Symphony Orchestra, tied down into bitter financial struggles recently, seems to have caught a break.
Trimble Opens New Campus in Westminster
Trimble has recently officially opened its new campus in Westminster, Colorado. Jefferson County Commissioners Faye Griffin, Donald Rosier and Casey Tighe, Westminster Mayor Nancy McNally and Colorado Governor John Hickenlooper attended the ceremony.
KPMG: Geographic Expansion Key Focus for CRE
The 2013 KPMG Commercial Real Estate Outlook Survey reveals that commercial real estate industry executives believe geographic expansion will be a key focus over the coming year, especially in the Southwest and Northeast.
C&W: Robust First Half Sets Stage for Strong 2013 in Manhattan
Leasing volume is up 11 percent year over year, average Class A asking rents top $75 per square foot in Midtown South and an average $178 million office sale price signals “the return of the mega-deal.”
IDI Plans 460,000-Sq.-Ft. Development, Acquisitions at AmeriPlex Industrial Park
Atlanta-based Industrial Developments International Inc. (IDI) is planning the construction of its second building at the AmeriPlex Business Park, a large distribution complex adjacent to the Indianapolis International Airport.
Investing in Utah’s Historic Sites Pays Big Dividends, Study Contends
Utah’s job market has seen major improvement during the past years but there is a particular sector that has captured the attention of investors across the U.S. A new study regarding the manner in which the state has used its resources to invest in the preservation of historic buildings and sites throughout Utah revealed the economic effect of this “backward”-thinking model. Deseret News recently reported on the study conducted by PlaceEconomics for the Utah Heritage Foundation. Apparently, around seven thousand jobs are created annually by the heritage sector of the state’s tourism industry, directly and indirectly.
USGBC’s LEED v4 Passes Ballot, to Launch in Fall
In another win for the environment, the U.S. Green Building Council has voted to adopt LEED v4, an improved update to the world’s most visible green building rating system.
Cole Boosts CCIT Portfolio With 3 Recent Acquisitions
Cole Real Estate Investments has boosted the portfolio of Cole Corporate Income Trust to 35 properties in 17 states with the recent acquisitions of three Class A office buildings in Texas and Massachusetts for $160 million.
Economy Watch: More Evidence of Residential Strength; Factory Orders Up in May
Home prices nationwide, including distressed sales, increased 12.2 percent in May compared to the same month in 2012. And factory orders were up in May, pointing to continuing expansion in the manufacturing sector of the economy.