Regions
Economy Watch Weekly: Retail Sales Edge Up in 2016
Economy editor Dees Stribling reports some good news about overall retail sales in January, with some categories faring better than others, for the week ending Feb. 12.
Economy Watch: Mixed Signals Surround Consumer Spending
Recent metrics examining the direction of consumer spending this year have produced mixed results, as U.S. and global economic uncertainty remains strong.
Despite Shaky Market, Savills Studley Optimistic About US CRE
Savills Studley’s latest report analyzes the effects of global market volatility on U.S. commercial real estate.
Seattle Class A Office Building Commands $129.3M
MetLife paid a whopping $129.3 million for a Class A office building in Seattle’s South Lake Union.
Bank Watchdogs Call Out Loan Growth
Banks have stepped up construction and land development lending in recent years, raising red flags from regulators. By September 2015, development loans were rising at more than 15 percent annually, far outstripping increases in other bank loan categories. Be sure to read in-depth analysis of bank lending issues from Deloitte’s Steven Bandolik and Chris Spoth in the March 2016 digital issue of CPE.
National Historic Landmark Becomes First Curio by Hilton in Virginia
The historic 330-key Hotel Roanoke and Conference Center, nested in Virginia’s Blue Ridge Mountains, is ready to join the upscale Curio by Hilton brand.
Strategic Storage Trust II Buys Canadian Portfolio for $38M
Strategic Storage Trust II is expanding in Canada with the acquisition of three self-storage facilities in the Greater Toronto Area.
Shutterstock Expands Empire State Building HQ
Shutterstock has signed an expansion lease for 25,300 additional square feet at its iconic Midtown Manhattan headquarters.
Tocci Building Companies Hires New VDC
John Tocci, Jr. is the new director of virtual design and construction at Tocci Building Companies.
CHG Appoints New Leadership Team in the Americas
Los Angeles–Cachet Hotel Group (CHG) recently announced the opening of its new office in Los Angeles along with the appointment of a new leadership team, demonstrating its commitment to expanding in the Americas. Meredith Gelacak joins CHG in a newly created position, as president of hotel operations for the Americas, reporting to CEO Alexander Mirza. A veteran of the hotel industry, Gelacak brings more than 20 years of experience in the hospitality industry, including 15 years with Hilton Hotels Worldwide, where in her last role she served as vice president of Food and Beverage. Gelacak also served as general manager…
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