Commercial Real Estate Lending Dries Up
Washington, DC, Dec. 18, 2008--With the exception of cash transactions, investment activity in commercial real estate sectors is nearly at a standstill because commercial lending has essentially halted.
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Factory Activity Down in Philadelphia Area
Philadelphia, PA, Dec. 19, 2008--Manufacturing continued to contract in the Philadelphia region in December, although at a less-rapid pace than in the prior month.
Oil Briefly Falls Below $40 Despite OPEC News
New York, NY, Dec. 18, 2008--Oil prices briefly slipped below $40 per barrel, near 4 1/2-year lows, as investor pessimism over global crude demand outweighed the news of OPEC's intention to cut output by a record amount.
Forbo's Cole Chair-Elect of USGBC Board
Washington, DC, Dec. 17, 2008—The U.S. Green Building Council (USGBC) has elected officers and members for its 2009 Board of Directors.
Armstrong Does Not Declare Special Dividend
Lancaster, PA, Dec. 19, 2008--Armstrong World Industries confirmed that its board of directors did not declare a special cash dividend in its regularly scheduled December meeting.
Milliken Again Sponsors USGBC Chapter Awards
Washington, DC, Dec. 17, 2008—The U.S. Green Building Council has recognized six of its more than 70 local chapters with its Annual Chapter Awards of Excellence.
Initial Jobless Claims Fall More Than Expected
Washington, DC, Dec. 18, 2008--Initial jobless claims fell more than expected last week, but mass layoffs continue amid a recession that appears to be deepening.
Lennar Narrows Fourth Quarter Loss
Miami, FL, Dec. 18, 2008--Home builder Lennar reported a smaller fourth-quarter loss, helped by smaller charges to write down land values.
Tennant Cuts Jobs, Projects Lower Earnings
Minneapolis, MN, Dec. 18, 2008--Tennant Co. said Wednesday it will cut 8 percent of its work force, to reduce expenses in the face of "an unprecedented economic period."
Hovnanian Posts Large Quarterly Loss
Red Bank, NJ, Dec. 17, 2008--Home builder Hovnanian Enterprises posted a quarterly loss on Tuesday.