Dees Stribling
RFR, Kushner Cos. Win $480M Loan Extension for NYC Portfolio
WeWork will continue to lease space at the joint venture’s Brooklyn campus.
Rare $375M DC Office Project Tops Out
Developed by Rockefeller Group and Stonebridge, the property stands to benefit from the recent Wizards-Capitals deal.
Economy Watch: Most Metro Areas See Declining Unemployment
Low unemployment isn’t just reflected in a national number. The vast majority of U.S. metros have low unemployment, according to the Bureau of Labor Statistics.
Economy Watch: Contractors Expect 2018 to Remain Strong
Despite macroeconomic challenges, nonresidential contractors are optimistic about prospects for the rest of the year, the Associated Builders and Contractors’ Construction Confidence Index shows.
Economy Watch: Office Construction Robust, More Focused on Downtowns
Development is at an above-average rate and more focused on urban core locations than in previous decades, a recent Newmark Knight Frank report shows.
Economy Watch: Architects Even Busier in May
The American Institute of Architects’ Architecture Billings Index rose to 52.8, an uptick compared to April, which bodes well for construction spending in the upcoming year.
Economy Watch: Construction Project Backlog Eases in First Quarter
The number of U.S. construction projects under contract has expanded since this time last year in most sectors, according to Associated Builders and Contractors.
Economy Watch Weekly: Retail Market Remains Strong Despite Decline
Most retail categories gained ground for the month. However, there were a few losers such as furniture stores, down 2.4 percent. Economy Editor Dees Stribling gives a breakdown of the retail sales market, for the week ending June 15, 2018.
Economy Watch: US Expansion Showing Its Age, Wells Fargo Reports
The U.S. economic expansion, now the second-longest ever, is looking a little long in the tooth, but REIT fundamentals are still strong.
Economy Watch: Consumers Optimistic For Now
American buyers feel good about their own current financial situation, but remain a little leery about the future of the economy.