Regions
Economy Watch: Consumers More Jittery About the Future
Confidence in future U.S. economic prospects continued to decline in July, according to the University of Michigan’s latest consumer confidence survey.
Axel Springer Sells Berlin Assets for $865M
A Norwegian sovereign wealth fund is the new owner of the German publisher’s future headquarters, while a Blackstone joint venture acquired the company’s current home.
Xebec Targets E-Commerce Assets in Key Markets
HFF has secured a $46 million loan on behalf of the company’s first industrial portfolio, which includes warehouse buildings in Los Angeles and Chicago.
Amato Properties Acquires Pennsylvania Shopping Center
A private investor based in southeastern Pennsylvania sold Scott Town Plaza, a 73,634-square-foot neighborhood shopping center in Bloomsburg, Pa., for $5.5 million. At the time of sale, the property was fully leased.
Economy Watch Weekly: Winning and Losing Retailers in June
Economy Editor Dees Stribling discusses the retail categories that saw a decline in sales for the month, mostly consisting of those that face competition from the Internet.
Skanska Names New President
Robert Ward will oversee commercial and multifamily development operations, succeeding Shawn Hurley, who was with the company for seven years.
Adobe Unveils UT, CA Expansion
The tech giant aims to add 5,000 employees and develop a fourth tower in San Jose, a second building in Lehi and lease two additional buildings in San Francisco.
Home2 Suites by Hilton Opens in Summerville
Everest Hotels Group owns the 93-key property, which offers tech-focused and eco-conscious amenities, as well as easy access to downtown Charleston, S.C.
Economy Watch: CPI Stable in June
The cost of energy declined again in June, falling 1.6 percent, which offset an increase for all items besides food and energy, according to a recent Bureau of Labor Statistics report.
GNL Appoints New CEO
Independent Director James Nelson will be replacing the current CEO Scott Bowman in August of this year. Nelson was elected as a member of GNL’s board in March of 2017 and serves on the nominating, governance and audit committees.