News
A Simple Plan: Jeffrey Friedman Invests in Portfolio, Preparing for Market’s Return
A 30-year veteran of Associated Estates Realty Corp. who has led the company as chairman, president & CEO for the past 18 years, Jeffrey Friedman invested in and developed apartments through multiple cycles. Long a Midwest contender, the REIT is now expanding selectively into Eastern and Southern submarkets with high barriers to entry.
Upside: Chauncey Mayfield Takes a Hands-On Approach to Adding Value
“I just get completely reinvigorated when I get out at a construction site,” says Chauncey Mayfield, CEO of MayfieldGentry Realty Advisors L.L.C. Yet the leader of the Detroit-based investment management firm recalls that it was not always so.
Bullish on Industrial: Manufacturing, Import-Export Activity Buoy Sector
The heat is on in the industrial market. With improving positive absorption, very little new construction in the pipeline and the merger of two giants creating excitement, 2011 may very well be the year for this oft-overlooked corner of the real estate world.
Hines Courts Luck in Ireland
As Ireland restructures its real estate industry and banking system, opportunities abound and Hines Interests has positioned itself to capitalize on the real estate market’s favorable conditions with the debut of its Dublin office.
Economy Watch: Hiring, Construction Spending
A net of 216,000 more Americans had jobs in March versus February, and the official unemployment rate dropped to 8.8 percent during the same month. How much good news was this? Reasonably good, since the total is more (but not a lot more) than the 150,000 or so jobs the economy must create every month just to keep up with U.S. population growth.
CPE Radio: Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling offers insights into the top economic news of the week ending April 1 and what to watch out for in the coming week.
AMB Closes 361,200 SF of New Leases in Asia
The industrial REIT inked seven leases in Japan and China, with 210,100 square feet at distribution centers in Tokyo and 151,000 square feet at development projects in Shanghai and Dalian.
Westwood Financial Opens Fourth Atlanta Office
The new location in Kennesaw, Ga., is the shopping center owner and operator’s fourth regional office in Atlanta.
Market Shows Strength After Years of Recession
By Veronica Grecu, Associate Editor
According to surveys by Rider Levett Bucknall and the Engineering News-Record‘s Building Cost Index, it looks like construction costs in New York are increasing again. Average construction costs rose 2.68 percent in 2010 and 2.86 percent […]
Economy Watch: Employment Up, Other Data Mixed
The U.S. Bureau of Labor Statistics said that employment increased by 216,000 in March, which wasn’t a bad showing considering how nervous businesses are these days over international events and commodity inflation, but it wasn’t enough to reduce overall unemployment much.