News

Economy Watch: Retail Sales Edge Up; Business Spending Flat

Retail sales were up 0.1 percent month over month in April. And business inventories were status quo in March, with several U.S. businesses not bothering to restock inventories.

Pan Pacific Opens $81M Extended-Stay Hotel in Singapore

The 180-key extended-stay luxury hotel is Pan Pacific’s fourth Singapore property.

Asian Boom

(top 50 CBSAs based on projected growth of Asian population)   By Terry Munoz The Asian population has grown rapidly over the past decade. Indeed, it has been identified as the fastest-growing racial group in America. What has not received much attention is whether the Asian population will continue growing into the foreseeable future. According to the 2010 U.S. Census, Americans who reported their race as Asian or Asian plus another race grew by 45.6 percent between Census years 2000 and 2010. By contrast, the U.S. population as a whole grew by 9.7 percent. Even more impressive, all U.S. states…

Nice News

(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)

Industrial Strength Expected

(U.S. industrial market conditions*)

New York City Spotlight: Evening Out

(commercial lis pendens)

Paying Up

(CMBS delinquencies by property type; $ in billions)

Tight End

(national cap rate performance based on properties and portfolios of $2.5 million and greater)

Nuts & Bolts Prevail

(U.S. equity REIT pricing multiples by sector*)

Dubious Difference

Value of manufacturers’ new orders; not seasonally adjusted; $ in millions