Regions
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.
Bentall Kennedy Teams Up With Warba Bank
The partnership’s initial investment is a Class A, 280,000-square-foot office building in Milwaukee, which serves as the world headquarters for ManpowerGroup.
The Story Behind Boston’s Billion-Dollar Bulfinch Crossing
HYM Investment Group’s Thomas O’Brien opens up about the communities of tomorrow and the $1.5 billion project that brings daylight to the city’s Congress Street for the first time in 50 years.
Blackstone to Sell Logicor for $14B
Affiliates of China Investment Corp. have agreed to purchase the 147 million-square-foot logistics and distribution warehouse portfolio, which spreads across 17 European countries.
Nashville’s Supply Side Shines
With strong demand fueled by robust population gains and consistent job growth, the market remains a hot ticket. Investors acquired more than $1 billion in apartments in 2016, according to Yardi Matrix.
Ground Breaks on $150M Mixed-Use Project in Suburban LA
The Vineyards will make its debut with the opening of its shopping center in late 2018, followed by the hotel and apartment complex in 2020.
Cress Expands Western Portfolio With $110M Buy
The company has acquired more than 800,000 square feet of office and flex industrial space in Southern California and Colorado in two transactions.
Hilton Des Moines Hotel Tops Off
A beam signing took place at the construction site, which upon completion will be connected to the Iowa Events Center and Des Moines Skywalk. The 330-key hotel is set for full completion in April 2018.