Economy

IRVINE, CA-"We remain cautious about the housing recovery" in the face of a sharp year-over-year drop in household formation, writes Peter Muoio of Auction.com Research.

CHICAGO— JLL says that, as in 2012, investors have continued buying medical-office buildings at a record-setting pace during the first half of 2013.

ROCKVILLE, MD-Greenman-Pedersen received the designation for the improvements it made to the space it leases at Redland Corporate Center.

It was easily missed in President Obama's speech on the 50th Anniversary of Martin Luther King's march on Washington DC. It was a short passage on the challenges facing the country and the impediments to realizing Dr. King's dream—The President said:“We shouldn't fool ourselves. The task will not be easy. Since 1963 the economy's changed.“The twin forces of technology and global competition have subtracted those jobs that once provided a foothold into the middle class, reduced the bargaining power of American workers.”

SAVANNAH, GA-Medient Studios broke ground on Thursday on its $90-million movie studio project here in Effingham County.

Hotel owners and lenders seem to be prepared for the sector's recent golden era to come to an end.