National
Apolloware Software to Enhance Solar Installations
Texas-based Bandera Electric Cooperative (BEC) developed the cloud-based Apolloware software solution to help its commercial and residential members monitor solar and energy storage installations in real time.
Economy Watch: Americans Earn More, Spend More in April
The month’s increase in personal income was mainly because of a boost in private wages and salaries, the BEA reported. This bodes well for the wider economy, and potentially for retail sales.
Economy Watch Weekly: Memorial Day Travel Bump Reflects Industry’s Health
Recent reports from AAA and Airlines for America suggest that a boost in Memorial Day weekend travel and an expected increase in travel this summer reflect the overall positive growth of the industry, as consumers feel more confident in their ability to spend.
Economy Watch: AIA Predicts More Construction Starts in 2018
The Architecture Billings Index has posted three consecutive months of design revenue growth, according to the AIA, which bodes well for construction spending growth next year.
Skanska Makes Executive Team Changes
Anders Danielsson was promoted to president & CEO of Skanska USA, while current President & CEO Richard Cavallaro will be moving to his former role as president & CEO of the Skanska USA Civil Business Unit.
China Life Invests $950M in ElmTree Portfolio
The majority of the assets are recently constructed, build-to-suit industrial, office and health-care properties in secondary and tertiary markets.
The Highest Taxed Buildings in America
The fact that Manhattan dominates the rankings doesn’t come as a shock, but the difference in numbers might. The list compiled by COMMERCIALCafé is quite the mixed bag.
Economy Watch Weekly: Traditional Retail Sees Lowest Quarterly Growth Since 2009
E-commerce sales continue to grow, posting a 14.7 percent increase in the first quarter of 2017 from the same quarter last year, according to U.S. Census Bureau data. Conventional retailers, on the other hand, weren’t so lucky. Economy Editor Dees Stribling has the latest.
Economy Watch: Chicago Fed National Activity Index Points to Economic Growth
U.S. manufacturing and other production-related indicators contributed to the CFNAI increase in April, according to the Chicago Fed, indicating that the economy is still in growth mode.
Phillips Edison REIT to Acquire $1B in Sponsor Assets
The combined company, which is expected to reach a total enterprise value of $4 billion, will own 230 shopping centers in 32 states.