National
Short Stays: Why Temporary Rentals Are Becoming a Permanent Solution
The number of freelancers, temps, independent contractors and entrepreneurs is on the rise. According to the U.S. Bureau of Labor Statistics, such individuals will constitute 40 percent of the workforce over the next five years, up from 30 percent today.
Economy Watch: CRE Lending up in 2Q, CMBS Gains Traction
Volume increased across all lending groups, with CMBS leading all other lenders in terms of market share, according to CBRE’s recent Lending Momentum Index.
Wyndham to Separate Hotel, Timeshare Businesses
Geoff Ballotti, the current CEO, will lead the hotel company, and Michael Brown, current CEO of the group’s Vacation Ownership division, will lead the timeshare operation.
Meet Blackstone’s New Leader of Infrastructure
A 25-year veteran of General Electric Power, Stephen Bolze will be partnering with portfolio company CEOs to drive value creation initiatives for the business.
Economy Watch: Economy Adds 209K Jobs in July
July was a fairly good month for job growth, with employment increasing in food services and drinking places, professional and business services, and health care, all of which spur commercial space absorption, according to the Bureau of Labor Statistics.
Westwood Financial Snags $171M for Retail Portfolio
HFF lined up the insurance-company financing for 1 million square feet of properties spanning seven mostly Southern states.
Data Center Sector Driven by M&A, Cloud Demand
Construction rose by a whopping 43 percent in the first half of 2017, while industry consolidation powered a $13 billion surge in mergers and acquisitions, according to a new JLL report.
Economy Watch: Slowing Development in CA May Point to Nationwide Issue
Despite positive economic data like low unemployment and income increases, all property types are expected to see a construction slowdown in the Golden State, according to the recently released Allen Matkins/UCLA Anderson forecast.
duETS Product Invites New Players to Real Estate Field
Global Index Group CEO Kelly Haughton discusses the launch of duETS, a synthetic investment product that provides investors with a new way to participate in the private real estate market.
Industrial, Self-Storage REITs Performing Well
The two sectors were among the leaders of all publicly traded U.S. equity REITs in terms of the last 12 months funds from operations, according to S&P Global Market Intelligence data.