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Executive of the Year Spotlight: Bob Sulentic
Nearing $11 billion in 2015, CBRE’s annual revenue has grown by nearly 70 percent since Sulentic became CEO in 2012.
Economy Watch: Job Seekers Fare Better in Tech Towns, State Capitals
NerdWallet reveals the top cities for job seekers, based on Bureau of Labor Statistics and Census Bureau data.
Economy Watch: Strong Labor Market Could Impact Office Sector
By Dees Stribling, Contributing Editor The U.S. office market is set to face a “moderate slowdown” in 2017 because of a confluence of factors, mainly due to softer tenant demand and an increase in new supply, CBRE reported in its recent outlook for the U.S. real estate industry. “Firms are finding it increasingly difficult to find qualified workers, which is reflected in the low unemployment rate… and real wage growth.” Thus, the company predicted, next year will see a lower net gain in office-using jobs nationwide. CBRE calculates that a net of 273,400 office-using jobs will be created in ’17,…
Economy Watch: Most States Enjoy Steady Unemployment Rates
Not a single state suffered an increase in its unemployment rate during the month of November, the Bureau of Labor Statistics reported.
Executive of the Year Spotlight: Katy Gnapp
Based in Chicago, Gnapp manages 13 market teams, which provide banking and advisory services to more than 2,000 real estate clients.
Economy Watch: Inflation Muted in November
While inflation is still fairly low, continued increases in consumer price indexes could mean inflation is on the rise, the BLS reports.
Executive of the Year Spotlight: Bill Benjamin
In 2016, Ares allotted around $910 million of equity among 26 transactions and 87 properties.
DDR Corp. Appoints New COO
The real estate investment company will start fresh next year with William Ross as COO.
Playa Hotels & Resorts Going Public
Playa owns and operates all-inclusive resorts, offering 6,142 rooms across its 13 locations including the Dominican Republic, Jamaica and Mexico.
Special Report: How Rate Hikes Will Affect CRE
The Fed’s move shouldn’t harm investors’ appetites for assets, but more buyers may start looking for deals with shorter-term leases and frequent resets.