National
Economy Watch: Employment Rebounds in October, Adds 261K Jobs
The Bureau of Labor Statistics also reported that the headline unemployment rate edged down to 4.1 percent—the lowest rate in 17 years.
Yardi Acquires WUN Systems
WUN is a top provider of software and technology for co-working and shared workspace markets. The company has more than 80 employees who will continue to operate from offices in the U.S. and India.
C&W Fortifies Talent Roster with Promotions
The commercial real estate services firm has appointed five of its own to top management positions in the Americas division. The group includes Carlo Sant’Albano, Joe Stettinius, Andrew McDonald, Dan Broderick and Mike Smith.
Economy Watch: Interest Rates Stay Still
As widely expected, the Federal Open Market Committee maintained the target federal funds rate at 1 percent to 1.25 percent. The committee noted the likelihood of gradual rate increases down the line.
Gramercy Lands $400M Syndicated Term Loan
Capital One also was the sole lead arranger, sole book runner and administrative agent. The loan has replaced a previous $175 million term loan that was closed in December 2015.
Does Internet Quality Impact Office Leasing Decisions?
When asked about selecting workspace in the next 10 years, 92 percent of respondents to a study released by Radius Global Market Research and WiredScore mentioned connectivity as an important factor, surpassing both location (89 percent) and price (88 percent).
CPE’s Top 5 Articles in October
Miss out on any CPE stories in October? Here are five of our most popular articles for the month, including news on billion-dollar development projects in Los Angeles and Chicago.
The Future of Hotels: Keeping Up With the Competition
The hospitality market is constantly evolving to compete with home-sharing and offer what today’s traveler needs. Clay Markham, senior vice president at CallisonRTKL, shares five innovative ways for the industry to stay competitive.
Walgreens-Rite Aid Uncertainty Impacts Net Lease Drug Store Sector
Transaction volume in the single-tenant drug store space slowed over the past 18 months due to investor concern about the failed Walgreens-Rite Aid merger. The Boulder Group President Randy Blankstein examines the effects.