National
Economy Watch: Construction Industry Gains Jobs, But Still Short Workers
The sector’s unemployment rate increased by 0.5 percent in November, now standing at 5 percent, according to the Associated Builders and Contractors latest report.
Marcus & Millichap Report: Tax Reform’s CRE Impact Likely Limited
While the separate versions of tax reform put forth by the U.S. House of Representatives and the U.S. Senate have not yet been reconciled, the report concludes that neither proposal, or any combination of the two, would cause anything close to shockwaves in the commercial real estate industry.
Shakeouts, Silver Linings Ahead for Retail in 2018
At ICSC’s New York Deal Making event, industry veterans offered varied perspectives on the challenges facing the sector, and attempted to correct misconceptions that have emerged during a challenging year.
JLL Report: Most Expensive Streets 2017
Office tenants—particularly those in the financial, legal and technology industries—remain willing to dole out the big bucks for premier space on the most coveted boulevards across the country.
Economy Watch: U.S. Gains 228K Jobs in November
Office-using industries, health care and construction all posted increases as the headline unemployment rate of 4.1 percent remained unchanged.
Deadline Extended: 2018 Stars to Watch Nominations
Commercial Property Executive is currently accepting nominations for our 2018 Stars to Watch feature. Submit now before it’s too late!
Skanska Names New President, CEO
Anders Danielsson will be taking over the position from Johan Karlström. Danielsson has been with Skanska since 1991, most recently serving as executive vice president in the company.
Related Forms New Infrastructure Investment Group
Related tapped former U.S. Transportation Secretary Anthony Foxx and Andrew Right, longtime infrastructure investment executives, to lead Related Infrastructure as managing partners.
Private CRE, Public Education Development Among Construction Spending Highlights
Private construction provided a bright spot, on both year-to-date private residential and non-residential spending, a report from the Associated General Contractors of America showed. However, the association raised concerns about declining infrastructure spending.
Refi Replay: A Buyer’s Market Looms for 2018
If you liked refinancing in 2017, you’ll probably love 2018. Next year is likely to feature low interest rates, generous interest-only periods and compressed spreads.