News
Economy Watch: Spending Up, But Saving Up More
Personal income increased 0.4 percent in May compared with April, and disposable personal income–arguably the best kind, since it’s good to have some cash to go out and stimulate the economy with–was also up 0.4 percent during the month, according to the Bureau of Economic Analysis.
Hines and Partner Sell Premier Office Building in California for $103.2M
Houston-based international real estate firm Hines and Fort Worth-headquartered Crescent Real Estate Equities Co. have just sold the 271,556-square-foot office building at 2211 Michelson Drive in Irvine, Calif., to Los Angeles’s Kilroy Realty Corp.
Jason Franken on Green Building
At the BuildEx Conference in Chicago, Jason Franken, LEED-AP, shares low-cost tips for maximizing energy performance during the recession and beyond. Franken is with YRG Sustainability in Chicago.
Bernard Citron on White Roofs
Bernard Citron, Thompson Coburn L.L.P., shares “white roof” strategies.
Check Out CPE’s Latest Digital Edition
The digital edition of CPE‘s magazine is live, with interviews with Peter Roberts and Ric Campo, as well as all the news and information you need. Read more here.
FedEx Takes 146,792 SF in Houston
KDC has leased the space to the express shipping services company, which will relocate 250 employees to the 50-acre center beginning Oct. 1.
Dividend Closes on $1.3B CRE Portfolio
The properties are located in 16 U.S. markets and comprise approximately 11.3 million net rentable square feet.
Economy Watch: G20 Promises Much — Can Its Members Deliver?
If the deficit-shrinking plan promoted at the summit by Canada actually comes to pass, the most advanced of the G20 would cut their budget deficits in half by 2013.
VA Breaks Ground on New Orleans Hospital Designed for Future Katrinas
Five years after Hurricane Katrina, New Orleans is still reeling from the devastation wrought by the disaster, but a massive federal project aims to make a major contribution to the recovery.
As New Pools Emerge, High Rate of Special Servicing Marks Maturing CMBS: Fitch
One-fifth of the CMBS loans scheduled to mature during the second half of 2010 are in special servicing, according to a mid-year analysis by Fitch Ratings.