Multimedia
Mandarin Oriental to Open First Property in Australia Tower
The hotel and residences will be located in a $227 million, mixed-use tower designed by Zaha Hadid Architects, in Melbourne. The property will feature 196 keys and 148 luxury apartments.
Economy Watch Weekly: The Nation’s Aging Population
The median age of the U.S. population rose by more than two years from April 2000 to July 2016, according to recent Census Bureau estimates. Economy Editor Dees Stribling discusses the aging population’s impact on the real estate industry.
Franklin Street Closes $23M Sale of Central Florida Retail Asset
Publix Super Markets purchased Ovation Town Center, where it is an anchor tenant. The 96,750-square-foot shopping center is in the Davenport submarket of Orlando. Armstrong Development sold the property.
Stream Sells Santa Ana Office Asset
The buyer, Gold Acceptance, will occupy a portion of the 24,737-square-foot building. The two-story property, originally constructed in 1977, was renovated in 2016.
Economy Watch Weekly: Not All Retailers Feeling E-Commerce Impact
While electronics and clothing retailers are seeing a portion of their sales moving online, e-commerce has yet to gain traction in some other retail categories, according to a recent CBRE analysis.
Economy Watch Weekly: Interest Rates Rise While Retail Sales Dip
In a unanimous vote, the Federal Reserve decided to raise interest rates for the second time in 2017, indicating their optimism about the U.S. economy and the ability to handle more expensive real estate financing. But some sectors, such as retail, aren’t performing as well as others in recent months. Economy Editor Dees Stribling has the latest.
Economy Watch Weekly: Fitch Details Upbeat CRE Outlook
Multifamily fundamentals should lead the pack during the second half of 2017, with strong showings from the industrial sector and tech-focused office markets, Fitch’s U.S. Equity REITs handbook concludes. Meanwhile, Pew Research reports that Americans are increasingly upbeat about the economy.
Kim Rousseau: Today’s Office Design Drivers
Cooper Carry Principal Kim Rousseau outlines the four trends driving design requests from office clients, offering insights into ways to address the need to achieve a sense of community, well being, hospitality and flexibility.
Economy Watch Weekly: Unemployment Rate Hits 20-Year Low
The U.S. economy experienced below-average job growth in May, adding only 138,000 jobs compared to the average of 181,000, according to the U.S. Census Bureau. However, the unemployment rate reached a new low of 4.3 percent for the month. Economy Editor Dees Stribling has the details on the latest jobs report.
Syrian Hospital Goes Solar, More to Follow
UOSSM and its partners have developed and deployed a 480-panel solar system, an energy storage system and advanced data control system for a conflict-hit Syrian hospital.