News
Property Management: Mixing It Up
Changing shopper preferences are forcing retail owners to develop a new playbook.
Economy Watch: Job Seekers Fare Better in Tech Towns, State Capitals
NerdWallet reveals the top cities for job seekers, based on Bureau of Labor Statistics and Census Bureau data.
Economy Watch: Strong Labor Market Could Impact Office Sector
By Dees Stribling, Contributing Editor The U.S. office market is set to face a “moderate slowdown” in 2017 because of a confluence of factors, mainly due to softer tenant demand and an increase in new supply, CBRE reported in its recent outlook for the U.S. real estate industry. “Firms are finding it increasingly difficult to find qualified workers, which is reflected in the low unemployment rate… and real wage growth.” Thus, the company predicted, next year will see a lower net gain in office-using jobs nationwide. CBRE calculates that a net of 273,400 office-using jobs will be created in ’17,…
Economy Watch: Most States Enjoy Steady Unemployment Rates
Not a single state suffered an increase in its unemployment rate during the month of November, the Bureau of Labor Statistics reported.
Executive of the Year Spotlight: Katy Gnapp
Based in Chicago, Gnapp manages 13 market teams, which provide banking and advisory services to more than 2,000 real estate clients.
GM Plans $334M Upgrade of Upstate NY Plants
The Detroit-based company intends to expand and modernize three of its facilities.
Economy Watch: Inflation Muted in November
While inflation is still fairly low, continued increases in consumer price indexes could mean inflation is on the rise, the BLS reports.
Storage Pros Sells Knoxville Self Storage Portfolio
NGKF Capital Markets Self Storage Group represented Storage Pros Management LLC in trading the 415,616 square feet of depository space.