May 24th, 2013  
TOP NEWS OF THE WEEK
Facebook Like Button RECon Special Report: Thousands Chase Deals in Las Vegas
Surging demand, new retail concepts and stirrings of new development were the talk of the Las Vegas Convention Center on Monday during the first day of RECon, the International Council of Shopping Centers’ annual spring convention.
Facebook Like Button ULI Special Report: Gen Y Goes Shopping
As retailers and shopping center owners strive to attract Gen Y consumers, the Urban Land Institute's latest study offers some insight into their likes, dislikes and shopping habits.
Facebook Like Button JLL Taps Duke’s Christie Kelly as New CFO
Jones Lang LaSalle has a new CFO come July 1. The commercial real estate services firm tapped Christie Kelly to provide leadership to drive growth, supervise financial and business planning, and direct investor and banking relations.


THIS WEEK ON CPEXECUTIVE.COM
CPE TV: RECon 2013: Tapping the Asian Retail Market

CPE RADIO: Economy Watch Weekly: Less Deficit, More Retail Sales, Optimistic Homebuilders: Fairly Good Week

FROM THE INSIDE: JLL’s Margaret Caldwell & Kris Cooper: Retail Around the World

WEB POLL: Which source of debt is the most receptive to commercial real estate clients?

Facebook Like Button Douglas Emmett Buys Beverly Hills Office Building from Larry Flynt for $89M
Douglas Emmett now owns more than one-fifth of the Class A office stock in Beverly Hills, Calif. The REIT just acquired the 225,000-square-foot property at 8484 Wilshire Blvd. from Larry Flynt for $89 million, bringing its total presence in the submarket to 1.6 million square feet.
Facebook Like Button Alliant Capital Purchase, New Co-CEO Give Ares a Trifecta
In its second and third major moves in less than a week, Ares Commercial Real Estate REIT has agreed to acquire EF&A Funding Alliant Capital for $63 million in cash and stock, and has also named a new co-CEO, Todd Schuster.

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Facebook Like Button ASA Leases 160 KSF at JEMB’s Herald Center in NYC
JEMB Realty has signed existing tenant ASA College to a lease extension and expansion that will see the higher-education institution more than double its space at JEMB’s Herald Center, a 10-story, 250,000-square-foot retail and office property at the southwest corner of 34th Street and Broadway.

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ECONOMY WATCH
Facebook Like Button Economy Watch: New Home Sales Up in April; Stocks Roiled Worldwide
New home sales were at an annualized rate of 454,000 units in April, up from 444,000 in March. And equity markets worldwide had an unusually rough day on Thursday.
Facebook Like Button Economy Watch: Existing Home Sales Up; FOMC Mulls QE3 Wind Down; Bernanke Takes Congress to Task over Austerity
Facebook Like Button Economy Watch: Home Prices Climbing; Truck Tonnage Drops; Philly Coincident Indexes Up
Facebook Like Button Economy Watch: Lending Standards Easing for Biz, CRE; Chicago Fed Sees Lackluster Growth
Facebook Like Button Economy Watch: Unemployment Down in Most States; Leading Economic Indicators, Consumer Sentiment Up




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