National
Economy Watch: Is January’s Inflation a Hint of Things to Come?
By D.C. Stribling A single month’s data does not a trend make, but two reports on Wednesday by the Bureau of Labor Statistics evoked the specter of higher inflation, something that hasn’t vexed the U.S. economy much since the early 1980s. Should inflation pick up while wages stay stagnant or worse, the impact on consumer spending might be significant. The BLS first reported that the U.S. Consumer Price Index increased 0.5 percent in January. Moreover, price increases were broad-based, unlike upward blips in recent years based on volatile energy prices. There were price increases in gasoline, shelter, apparel, medical care,…
Passco Unveils Leadership Changes
The company promoted Adriana Olsen and Andy Wang to senior vice presidents of the firm’s sales division.
Economy Watch: Construction Costs Still Rising in Major Metros
Led by two California markets, all but one of the 12 major metros tracked by Rider Levett Bucknall posted an increase last year
EdgeCore Forms, will Invest $2B in US Data Centers
GIC will act as main anchor investor in EdgeCore Internet Real Estate. The company is targeting six key markets across the U.S. and plans to deploy the first facilities by the end of the year.
From Tax Cuts to Rate Cuts
A growing number of large investor-owned electric utilities plan to pass along their windfall from corporate tax cuts in the form of lower rates. Where will customers benefit?
Blackstone Rearranges Top Execs
Jonathan Gray has been named president & COO, as Tony James moves into the executive vice chairman slot. In addition, two longtime execs will co-head global real estate, the position Gray is vacating.
Intense Competition Fuels Capital Source Convergence in 2018
Distinctions among capital sources are blurring as the global search for yield heats up, intermediaries and lenders concurred at MBA’s annual finance conference last week in San Diego.
Economy Watch: Retail Sales Dip in January
The monthly drop is in contrast to December, when adjusted sales were up 0.4 percent compared with the month before, the Census Bureau reported.
Brennan, Arch Street Team Up for Sale-Leaseback Deal
Located in four East Coast states, the properties total 2.3 million square feet. The BlueLinx portfolio boosts the JV’s single-tenant net-leased industrial holdings to more than $1 billion.
Economy Watch: Roundtable Survey Offers Mixed Outlook
By D.C. Stribling Commercial real estate executives are optimistic on the whole about the economy and the real estate market in 2018, but express some caution about 2019, according to the Real Estate Roundtable’s Q1 2018 Economic Sentiment Index. Released late last week, the index is based on a survey of 47 named executives and experts, as well as other anonymous participants. The Roundtable’s Q1 2018 Sentiment Index came in at 54, a one point increase from the last quarter of 2017. The Current Conditions Index, at 57, represented an increase of four points from the previous quarter. The Future…
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