June 18th, 2013  
TOP NEWS OF THE WEEK
Facebook Like Button Rufrano Steps Down; New CEO Sant’Albano Takes the Reins
Cushman & Wakefield has named Carlo Barel di Sant’Albano its interim CEO, replacing Glenn Rufrano, who will remain with Cushman during a transition period.
Facebook Like Button Clarion Sells 50% Stake in IN Retail Fund to Inland
Inland Real Estate Corp. acquired the 50 percent ownership stake in IN Retail Fund held by its JV partner, New York State Teachers Retirement System, for $121 million in cash, making it the sole owner of the 2.3 million-square-foot Midwest retail center portfolio.
Facebook Like Button Clarion Scoops Up NYC’s 100-104 Fifth Ave. for $230M
The hot Midtown South office market in Manhattan saw a trophy property change hands this week with Clarion Partners acquiring 100-104 Fifth Ave., a 17-story, 277,412-square-foot building, from the Kaufman Organization and Invesco Real Estate for $230 million.


THIS WEEK ON CPEXECUTIVE.COM
CPE TV: RECon 2013: Midwest Retail Investment Sales Roundup

CPE RADIO: Economy Watch Weekly: Surprising Boost in Job Creation

FROM THE INSIDE: Steve Jones: Retailers Must Deliver on Customer Service, Experience to Compete with Online Merchants

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

Facebook Like Button NAREE Special Report: Gelbtuch Announces CRE’s Real Estate Top 10 Issues
The top 10 issues to affect real estate this year offer some real investment opportunities, especially when taken in combination. Counselors of Real Estate chairman Howard Gelbtuch released the updated version of the organization’s annually adjusted list yesterday at the National Association of Real Estate Editors conference in Atlanta.
Facebook Like Button JLL Secures $112M in Non-Recourse Financing for Office Complex in Suburban DC
With the assistance of Jones Lang LaSalle's Capital Markets division, the California State Teachers Retirement System has landed $112 million in financing for Lincoln Place, a 503,800-square-foot office complex in Arlington, Va.

CPE Partner CREOpoint: Your Customized Business Intelligence Channels ready for you to access from any of your digital devices.

Click here to track real time news about Realcomm annual conference going on now, plus everything about Green Buildings, Private Equity, REITs and REIMs

 

 

Facebook Like Button HFF Secures $581M Refi for 16-Property Blackstone Hotel Portfolio
The Blackstone Group has refinanced a 16-property, 4,798-room hotel portfolio and golf course/tennis club with a $581 million loan obtained from GE Capital Real Estate.

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ECONOMY WATCH
Facebook Like Button Economy Watch: IMF Cuts Estimate for U.S. Growth; Consumers Grumpier; Industrial Production Flat
The International Monetary Fund reported that it expects the economy to grow by a relatively anemic 1.9 percent in 2013. Consumers were feeling a bit more grumpy in June, when the consumer sentiment index dropped to 82.7 from the 84.5 reading at the end of May. And industrial production was unchanged in May, after a decrease of 0.4 percent in April.
Facebook Like Button Economy Watch: Retail Sales, Markets Rise; Initial Unemployment Claims Drop
Facebook Like Button Economy Watch: Fewer Homes Underwater in Q1; SoCal Housing Sales, U.S. Oil Production Spike
Facebook Like Button Economy Watch: Job Openings Down; Small Biz Bit More Optimistic
Facebook Like Button Economy Watch: Fed May Continue Stimulus; Vegas Sells More Homes; S&P 500 Upgrades Outlook for U.S. Debt




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