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Wednesday, February 27, 2013

'Big Box' Outlook (JLL)


'Big Box' Outlook

The ‘Big box’ outlook covers warehouse and distribution facilities of at least 250,000 square feet located around the United States.

View report

Tuesday, February 26, 2013

Global Office Rent Cycle MarketView and Charts (Q4 2012)

Global Office Rent Cycle MarketView and Charts (Q4 2012)

Prime Rent Performance Divergent in Q4 2012

Executive Summary

(Read More: Global Office Rent Cycle MarketView and Charts (Q4 2012))

▶ Occupier demand remains circumspect and still broadly focused on prime space.

Monday, February 25, 2013

White House: Military, school and health cuts will hurt Kansas if sequester not averted

White House: Military, school and health cuts will hurt Kansas if sequester not averted

Kansas will lose at least $79 million in funding for the state’s military bases and face about $10.8 million in cuts to education if Congress and the president can’t reach agreement to head off automatic budget cuts scheduled to begin Friday, according to a new White House report.

http://blogs.kansas.com/gov/2013/02/25/white-house-military-education-and-health-cuts-will-hit-kansas-if-sequester-is-not-averted/

First Insights: China: HSBC flash PMI drops surprisingly

Economics Research | Asia Ex-Japan
25 February 2013

First Insights: China: HSBC flash PMI drops surprisingly

The HSBC flash PMI dropped surprisingly to 50.4 in February from 52.3 in January (Consensus: 52.2; Nomura: 53.3). The new orders subcomponent fell to 50.9 from 53.1 in January and new export orders to 49.8 from 53.7. The output subcomponent fell to 50.9 from 53.1, while that for the stock of finished goods rose slightly to 49.8 from 49.6.

Chile – We look for stronger IP and retail sales data this week

25 February 2013

Gustavo Arruda,Marcelo Carvalho,Nader Nazmi - Market Economics
Daily Latam Spotlight | 25 Feb 2013 06:00 |

Chile – We look for stronger IP and retail sales data this week.

The focus this week will be on January industrial production and retail sales data, both due out on Thursday. We look for another month of performance divergence between manufacturing production and retail sales. Manufacturing production likely rebounded in annual terms in January, rising 3.6% y/y. In sequential (sa) terms, we look for a +1.9% m/m rebound in January, following a 2.2% monthly contraction in December. Real retail sales are estimated to have contracted in sequential terms in January, but should still post a strong 9.8% gain over a year ago.

Sunday, February 24, 2013

First Insights: China: Fuel price hikes add to inflationary pressures

Economics Research | Asia Ex-Japan | Nomura
25 February 2013

First Insights: China: Fuel price hikes add to inflationary pressures

China last night announced a hike in gasoline and diesel retail prices, effective today. Increases of 3.5% and 3.8% have been applied, respectively, adding RMB300 and RMB290 to the prices per ton. This is the second major price hike announced in five days – on 20 February we saw the largest hike in the rail freight tariff rate since 2003, which was unusual in terms of timing as tariff hikes in Q1 are not common.

Uncovering ‘Diamonds in the Rough’ in Today’s Credit Markets

Uncovering ‘Diamonds in the Rough’ in Today’s Credit Markets

Key Points:

· There are still good opportunities for yield and total return in the credit markets, but there has been a shift in where and how investors can find them.

· The credit markets have had a strong run since the market bottomed in 2009. Many investors searching for income have moved into riskier assets.

· A "diamond in the rough" is a credit that is under-covered, or not actively followed or researched by many investors. At PIMCO, we identify these opportunities through our top-down and bottom-up investment process.

· We’ve identified a number of sectors that appear poised for above-average growth. Housing is at the top of the list, and one of the few bright spots in the U.S. economy. Energy is another industry in which we’re seeing opportunity, and we are also bullish on select credits in emerging economies.

http://www.pimco.com/EN/Insights/Pages/Uncovering-Diamonds-in-the-Rough-in-Todays-Credit-Markets.aspx

Saturday, February 23, 2013

Lenders more willing to provide debt for commercial – survey

Real Estate News
Lenders more willing to provide debt for commercial – survey
22 February 2013

GLOBAL – The level of senior debt for UK commercial real estate projects could reach as much as £36bn (€41.4bn) in 2013 and new lenders could be willing to offer development financing for the property market, according to a survey conducted by the Real Estate Lending Forum (RELF).

http://www.ipe.com/realestate/lenders-more-willing-to-provide-debt-for-commercial-survey_50236.php

Friday, February 22, 2013

Survey shows spike in real estate debt interest by institutionals

Real Estate News
Survey shows spike in real estate debt interest by institutionals
21 February 2013

GLOBAL – Institutional investors' interest for real estate debt has jumped over the past 12 months, with more than one-third seeking to allocate capital to the asset class against 8% a year ago, research from Preqin shows.

The report found that, out of the more than 100 investors surveyed, 53% expect to make commitments to private real estate funds in 2013, while only 36% expressed similar views a year ago.

http://www.ipe.com/

Eco Analysis - China's stubborn housing inflation risks further policy tightening (W. Yao)

Eco Analysis - China's stubborn housing inflation risks further policy tightening (W. Yao)

China January housing inflation accelerated to the fastest pace since early 2011. This report justifies Beijing's renewed hawkishness on the housing market. Further acceleration of housing inflation will most likely trigger more policy tightening. Meanwhile, RBA Governor Stevens sounded rather upbeat on the economy in testimony to Parliament, and rather disinclined to cut rates in the short term. Key points were that there is a good deal of stimulus in the pipeline from previous easing, and that the high A$ has been a key factor in the current low rate setting. In response, the A$ strengthened nearly 1c and short-term rates rose.