Economy: Page 164
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Construction Spending Up in November (Maybe)
Numbers are up 1.2 percent from October and 0.5 percent from 2010, but sampling error margins are bigger.
Jan. 4, 2012 -
Vornado Refinances 11 Penn Plaza for $330M
The 1.1 million-square-foot Manhattan office building received a seven-year loan from HSBC Holdings PLC. Major tenants in the 23-story building include Macy's Corporate and Rainbow Media Holdings Inc.
Jan. 4, 2012 -
Building and Land Technology Buys a New HQ in Stamford
Building and Land Technology, one of the largest property owners in Connecticut’s Fairfield County, has acquired 695 E. Main St. in Stamford. The new owners will be renaming the 614,000-square-foot office complex the BLT Financial Center.
Jan. 4, 2012 -
Economy Watch: Fed to Take Wraps Off Predictions
The Fed plans to start publishing predictions of board members regarding interest rates. The value of U.S. construction projects edged up 1.2 percent in November.
Jan. 4, 2012 -
Park Central Hotel in NYC Goes to LaSalle
Six months after announcing plans to purchase the Park Central Hotel in Midtown Manhattan, LaSalle Hotel Properties has wrapped up the acquisition of the 934-room property in a transaction valued at $396.2 million.
Jan. 4, 2012 -
People on the Move for Week of Jan. 9
ENR reports key promotions and new hires at the level of vice president and above in construction, design and finance.
Jan. 4, 2012 -
Experts: Rating Agencies Need to Be Smarter in Evaluating Investments
Many industry sources tell GlobeSt.com that improvements are needed, while the agencies say that already is under way.
Jan. 4, 2012 -
Gilbane Awarded $88M Contract for Ohio Schools Project
The Ohio School Facilities Commission and Elyria City Schools hired Gilbane to provide construction management services for an $88 million school-construction initiative.
Jan. 3, 2012 -
Callison Acquires Barteluce Architects & Associates
The acquisition will grow Callison’s New York team to over 75 architects.
Jan. 3, 2012 -
AIA's ABI November Index reaches 52.0
The Architecture Billings Index (ABI) reached its first positive mark since August.
Jan. 3, 2012 -
Wealth Metrics Drive Spending on Vegas' Strip
According to CBRE's Las Vegas Strip Gaming Revenue Analysis, despite the volatility of the stock market in recent months, the Vegas Strip is showing year-to-date gains in mass market table games and slots.
Jan. 3, 2012 -
New Report: 2012 Housing Starts Will Jump
Metrostudy found that starts will increase nationwide in 2012, the company’s website reported.
Jan. 3, 2012 -
Home-Price Calendar: 'Happy 2001'
Standard & Poor's put an inflation filter on Case-Schiller data. We're in 2001.
Jan. 3, 2012 -
Mortgages Close Year Near Historic Lows
Both 30-year fixed and 15-year fixed loans closed 2011 well below their 2010 year-end rates.
Jan. 3, 2012 -
PwC Finds Investors Like the Outlook for Office
PricewaterhouseCoopers says investors see office properties as a good deal in down times.
Jan. 3, 2012 -
JLL: Green Now Makes Sense, Can Save Cents
Dan Probst, Jones Lang LaSalle chairman of energy and sustainability, says green has proven itself.
Jan. 3, 2012 -
Recurrent Energy Secures Financing for Ontario Solar Projects
The $250 million in financing is evidence that solar is a mainstream energy source attracting significant investment from established financial partners, says the San Francisco firm.
Jan. 3, 2012 -
D.C. Faces Stagnation in Leasing
Don't expect leasing momentum to pick up until after the presidential elections, and then only if a path out of the current logjam becomes clear, Jones Lang LaSalle's Scott Homa tells GlobeSt.com's Erika Morphy.
Jan. 3, 2012 -
Ill. Tollway Posts Projects Worth $609M for 2012
Capital projects listed include roadways, bridges and interchanges.
Jan. 2, 2012 -
Lean Building: Measurements Are Easy, Culture Is Slippery
Consultant Scott Sedam says you can measure lean success, but defining a lean culture is tough.
Jan. 2, 2012 -
Survey: Lending Problems Sink Home Deals
Builders and designers told Professional Builder that 71.6 percent lost at least one deal last year.
Jan. 2, 2012 -
Housing Guru Shiller Calls for Better Mortgage Tax Plan
The man whose name goes hand in hand with home prices says we need a better tax incentive for purchasers.
Jan. 2, 2012 -
Foreign Investors Say Tax Change Could Bring More Money to U.S.
Foreign investors would find U.S. real estate markets more attractive if tax-friendly legislation passed.
Jan. 2, 2012 -
After a Good Year in 2011, Apartment Industry Expects Another in '12
After a turnaround year in 2010, the multifamily sector had a banner 2011. This year looks to be another bright one for apartments, as economic and demographic factors will push rental rates even higher.
Jan. 2, 2012 -
Skanska Acquires Indiana Firm for $135M
Enhancing its civil business unit, Skanska USA has acquired builder Industrial Contractors Inc., basaed in Evansville, Ind., for $135 million.
Jan. 2, 2012
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