National
Economy Watch: 3Q GDP Revised Upward
The Bureau of Economic Analysis revised its estimate for real U.S. GDP growth for the third quarter, with increased economic growth in nonresidential fixed investment, including commercial real estate.
Economy Watch: Consumer Confidence at 17-Year High
The Conference Board’s latest Consumer Confidence Index reached a new high of 129.5, indicating consumers are feeling optimistic about the U.S. economy.
Poll: Presidential Impact on CRE
CPE has a new poll! One year since the election, we want to know how your predictions about the president’s impact on commercial real estate has changed from last November.
Economy Watch Weekly: Black Friday Retail Sales Soar
Brick-and-mortar retailers are seemingly bucking the assumption of their demise, with retail sales posting a strong holiday season so far. Economy Editor Dees Stribling discusses how retailers fared over Black Friday and what’s ahead, for the week ending Nov. 24, 2017.
Airbnb Faces Adoption Slowdown
A recently published report by Morgan Stanley shows that Airbnb’s initial utilization rate prediction for 2017 will only be reached by the end of next year. In the light of the platform’s struggles to maintain the momentum gained in 2015 and 2016, online travel agencies gain significant ground.
Mainstreet To Acquire CareIT Portfolio for $425M
A partnership between Mainstreet and Tiptree is set to purchase CareIT’s portfolio. The properties include 42 senior living communities and health-care facilities.
Economy Watch: Construction Spending Up in Most States
An increase in construction activity adds to the income and potential growth of each state, noted Markstein Advisors’ Bernard Markstein, who prepared the latest Associated Builders and Contractors report.
Insights from the 2017 CPE-MHN Awards Event Red Carpet
Real estate professionals from around the country gathered at the 2017 CPE-MHN Awards event to celebrate the industry’s top projects, people and companies. Between the festivities, experts offered an outlook for 2018.
Economy Watch Weekly: Hotels, Retail to Enjoy Strong Holiday Season
As we enter the final months of the year, several sectors of the real estate industry should benefit from increased consumer travel and spending. Economy Editor Dees Stribling has all the details on what to expect this holiday season, for the week ending Nov. 17, 2017.
Tech Office Users Branch Out
With companies vying for the diminishing pool of available office space in North America’s top tech neighborhoods, surrounding submarkets are primed to benefit from the overflow of demand, according to CBRE’s annual Tech-30 report.