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Embracing the Creative Office Concept: Tools and Benefits
Olive Hill Group’s Tim Lee spoke to CPE about luxury amenities that have become the norm and the most in-demand facilities for Millennials and Gen Z.
PPL Corp. Acquires Safari Energy
The transaction will not alter PPL’s core business strategy, but will allow it to take part in the growth of distributed energy resources, including energy storage.
Economy Watch Weekly: Employment, Construction Spending Still Strong
Payroll employment has increased significantly to 223,000 jobs, whereas construction spending increased 1.8 percent than the previous month. Economy Editor Dees Stribling gives a breakdown of these two topics, for the week ending June 1, 2018.
Economy Watch: Business Economists Expect Slowdown
The next recession will likely occur sometime between the fourth quarter of 2019 and the second quarter of 2020, according to the latest NABE survey.
Economy Watch: Construction Spending Gains Ground
April saw a 1.8 percent month-over-month increase in construction spending, at an annualized rate of more than $1.3 trillion, according to the U.S. Census Bureau.
MCR Closes $300M Hospitality Fund
The seventh-largest hotel owner-operator in the U.S. added 11 hotels to its first fund and has an additional five hotel deals in its pipeline.
Economy Watch: Employment Up by 223K Jobs in May
Job creation for the month beat the average of the previous 12 months and was a major increase from April’s employment numbers, according to the Bureau of Labor Statistics latest jobs report.
LaSalle Makes Major Double Acquisition from Aviva Investors
The deal is expected to close later this year and will make the firm one of the five largest global non-listed indirect real estate investment managers.
CPE’s Top 5 May Posts
Miss out on any CPE stories? Here are five of our most popular articles for the month.
Economy Watch: Beige Book Notes Strong Economy, Labor Shortage
Many firms are responding to talent shortages by increasing wages, but only at a modest pace, according to the Federal Reserve’s latest Beige Book.