National
Economy Watch Weekly: First-Quarter Metrics Point to Slower Start
As economic metrics for the first few months of the year start to trickle in, the figures seem to suggest the U.S. economy is off to a slower start in 2017. Economy Editor Dees Stribling discusses some of these metrics, including GDP, consumer confidence and hotel occupancy.
Economy Watch: Construction Spending Edges Down in March
While spending on construction projects declined for the month, the figure is above the March 2016 rate. Lodging and health care spending was up for the month, while office and other commercial spending was down.
Care Capital Properties Buys $400M Behavioral Health Portfolio
The six properties, located in California, Arizona and Illinois, will be leased back to affiliates of Signature Healthcare Services, the seller.
Office Outlook Positive for 2017
We’re still witnessing a ‘flight to quality’ mentality among tenants, but vacancy rates are inching higher as new deliveries are outpacing demand, according to JLL’s most recent study.
HTA Shells Out $2.8B for Duke Realty Portfolio
The nation’s largest owner and operator of medical office buildings will become even larger with the acquisition of 78 health-care properties totaling 6.1 million square feet.
Economy Watch: US Economy Turns in Sluggish First Quarter
U.S. real GDP increased only 0.7 percent in the first quarter of 2017, compared with 2.1 percent in last year’s fourth quarter. Commercial real estate investment also took a hit as lenders likely were more cautious to start off the year.
CPE’s Top 5 April Articles
Miss out on any CPE stories in April? Here are five of our most popular articles for the month, including an analysis of the industrial sector and news on Brookfield’s $855 million portfolio acquisition.
NGKF Taps New Global Corporate Services CEO
Robinson will lead the firm’s integrated offering and solutions for occupier clients around the globe. Prior to NGKF, he held positions at Colliers International, Cassidy Turley, CBRE and Trammell Crow.
Economy Watch: Commercial Property Valuations Gain in April
The commercial real estate industry saw its strongest price growth since the election, according to Ten-X’s latest Commercial Real Estate Nowcast. CRE pricing has risen 9.6 percent in the last 12 months, the strongest annual growth rate since early 2016.
JCPenney, Sephora Expand Partnership
The beauty destination was first introduced in 2006 and will now be available in 650 stores in 2017. As part of the expansion, the company will hire an additional 800 consultants nationwide.