National
Net Lease Casual Dining in Demand with 1031 Buyers
The asset class remains a popular target for net lease investors largely because it is e-commerce resistant, argues The Boulder Group President Randy Blankstein. While private and 1031 buyers are the most aggressive purchasers, other investor types are getting in on the action.
Economy Watch Weekly: Unemployment Rate Hits 20-Year Low
The U.S. economy experienced below-average job growth in May, adding only 138,000 jobs compared to the average of 181,000, according to the U.S. Census Bureau. However, the unemployment rate reached a new low of 4.3 percent for the month. Economy Editor Dees Stribling has the details on the latest jobs report.
Economy Watch: Fitch Report Optimistic About CRE
In its first annual U.S. Equity REITs Handbook, Fitch predicts continued positive property-level fundamentals across most asset classes in 2017. Industrial REITs and office REITs with properties in technology-focused markets should perform particularly well.
Xenia Sells 5-Hotel Portfolio for $163M
The properties, which total 812 guestrooms, are located in Fort Worth, Kansas City, Pittsburgh and Baltimore.
Economy Watch: Construction Spending Takes a Dip in April
Both private and public construction spending declined for the month in almost every property category, according to the Census Bureau, including in lodging and health care.
Lean 3P Workshop: Successful Stakeholder Engagement in Facility Design
Why using the Production Preparation Process model is an effective tool for health care architects to gather, distill and incorporate all parties’ considerations into a new construction or renovation of a facility, according to E4H Environments for Health Architecture’s Regan Henry and Mike Bennett.
Economy Watch: Job Growth Tepid in May
The U.S. economy saw below-average job growth for the month, adding only 138,000 jobs, the Bureau of Labor Statistics reported. However, segments of the economy that affect commercial space absorption still had reasonably good job creation.
A&G Realty Launches Non-Retail Division
During the first quarter of 2017, A&G completed 18 transactions totaling $94 million for office, warehouse, higher-education properties and vacant land.
CPE’s Top 5 May 2017 Articles
Miss out on any CPE stories in May? Here are five of our most popular articles for the month, including a report on the highest taxed buildings in America and news on a massive live-work-play community underway from Hines.
Economy Watch: Contrary to Expectations, Some Retailers Are Expanding
While retail bankruptcies are at an all-time high, there are certain retailers that are still expanding, mainly in the off-price or discount category, according to a recent CBRE retail report.