National
PREIT Nears Finish Line with Sale of Four Non-Core Malls
The Philadelphia-based REIT recently sold four of its retail assets for roughly $92.4 million, as part of the company’s portfolio repositioning effort.
Economy Watch: Healthcare Industry Large, Getting Larger
Healthcare occupations make up nearly 9 percent of of national employment, and are expected to grow even more as the population ages.
GE Capital to Sell Hotel Financing Arm
Western Alliance Bank is set to acquire GE Capital’s Franchise Finance U.S. hotel business.
Economy Watch: Construction Employment Up in Most States
Construction is one industry that doesn’t seem to be concerned about the possibility of a recession, at least in most parts of the country.
HCP Announces CFO Transition
HCP Chief Financial Officer Timothy Schoen is leaving the company to become president of BioMed Realty.
Anbang Consortium Ups the Ante for Starwood, Surpassing Marriott’s Latest Bid
The Chinese insurance group made a $14 billion offer to acquire Starwood Hotels & Resorts Worldwide, topping Marriott International’s most recent bid.
Global Capital for CRE Investment Reaches New Heights in 2015
The latest report from Cushman & Wakefield shows that 2015 was a record year for global capital targeting commercial real estate.
Economy Watch: Real Income, Inflation Eke Out Gains in February
New Bureau of Economic Analysis data show a slight uptick in personal income and consumer spending last month.
Economy Watch: Data Show Middling Growth For Economy
Despite the slow growth of the U.S. economy, consumer spending increased more than previously estimated in 2015.
MGM Resorts Pulls Trigger on Mega-REIT
The newly formed MGM Growth Properties REIT recently filed a registration statement for an initial public offering.