News
PNC Plans Green HQ in Pittsburgh
The firm has unveiled plans to build a skyscraper in downtown Pittsburgh to serve as its new headquarters, stressing the green aspects it plans to include in the building and going so far as to call it “the world’s greenest skyscraper.”
Disney, Subway Expanding
Retail hasn’t exactly fully rebounded, but proving industry chatter correct, some chains have formally announced major expansion programs. Disney Store and Subway sandwich shops, riding the wave of a successful 2010, have made such commitments.
RECon Report: Economy Has Hit Bottom
According to Marcus & Millichap’s 2011 national retail report, cautious optimism is the order of the day.
Economy Watch: California Targets Mortgage Fraud, Rooftop Solar, Chicago Fed Index
The state of California has created a 25-member mortgage fraud task force, the aim of which is to investigate all variety of shady mortgages, while a Toys ‘R Us distribution center is soon to sport the largest solar roof in the country, and the Chicago Fed National Activity Index took a dive.
Building Up Los Angeles
By Alex Girda, Associate Editor
“Development” was the word of the week in Los Angeles, as a number of project took steps forward.
Perhaps the biggest announcement concerns the immediate vicinity of the Capitol Records Tower at 1750 Vine St. in Hollywood. […]
CW Hires New Execs to Expand CRE Debt Placement
CW Financial Services is doing its part in the financial services business’s improvement with the hiring of four industry veterans to broaden the company’s menu of financing services, especially its debt placements.
Simon to Open First Premium Outlet Center in Canada
Simon Property Group Inc.’s Premium Outlets division is in growth mode, and the company has Canada in its sights. A letter of intent with Calloway Real Estate Investment Trust to develop a property in suburban Toronto paves the way for entrée into Canada.
Investors Ink Major Hotel Deals in L.A., Chicago
Deep-pocketed investors are returning to hotels as an investment vehicle, with two more big properties changing hands recently in major U.S. markets.
Economy Watch: Unemployment, IMF Bailout of Portugal, Trump School Investigation
The Bureau of Labor Statistics reported on Friday that regional and state unemployment rates were generally little changed or slightly lower in April compared with March,
Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling offers insights on CPE Radio into the top economic news of the week ending May 20 and what to watch out for in the coming week.