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• 1.8 Million Jobs Were Created in July, Exceeding Expectations
8/10/20
This U.S. Economic Watch report was provided to us by global real estate services firm CBRE
Executive Summary
• 1.8 million jobs were added in July vs. an expectation of 1.5 million, following the strong gains that were ac...
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• Parallel Capital Partners Installs Plasma Air Systems at Two Phoenix Office High-Rise Properties
8/10/20
With safety concerns amid the COVID-19 outbreak mounting, San Diego-based Parallel Capital Partners Inc has implemented stringent safety protocols at two Phoenix high-rises, including the installation of state-of-the-art Plas...
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• California Commercial Real Estate to Be Negatively Affected Through 2023 Due to Impact of Pandemic
7/31/20
In the wake of the current pandemic-induced economic recession, the Summer 2020 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows uniform pessimism and a drop in sentiment for developers acro...
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• Evolution of Online Retail Drives Retail-to-Industrial Conversion Projects Across the U.S.
7/29/20
This report was provided by real estate services firm CBRE
A new CBRE report finds that 13.8 msf of retail space has been converted to 15.5 msf of industrial space across the country since 2017. As ecommerce continues to exp...
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• Construction Employment Rose from May to June in 31 States; Slips in 18 States
7/20/20
This report was provided by the Associated General Contractors of America
Construction employment increased from May to June in 31 states and the District of Columbia, but the gains may have stalled, according to an analysis...
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• OC Industrial Market Remains Steady Despite Economic Headwinds
7/17/20
Here’s a quick second quarter 2020 ending overview of Orange County’s industrial market, provided to us by CBRE
Vacancy Rate:
2.2%
Net Absorption:
(616,861) SF
Construction:
870,595 SF
Lease Rate:
$1.03 NNN
...
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• L.A. Produced More than Double the Amount of Tech Degrees than Tech Jobs Created in the Region
7/16/20
This report was provided by real estate services firm CBRE
The Greater Los Angeles area produced more than double the amount of tech degrees than tech jobs created in the region in the past five years, ranking it fourth in t...
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• Seattle Office Market Starting to See Signs of Economic Impact from COVID-19
7/13/20
This report was provided by real estate services firm Kidder Mathews
At the end of last quarter, the Puget Sound region was in the initial stages of Governor Inslee’s Stay at Home mandate due to COVID-19 and the economy had ...
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• 30-Year Fixed-Rate Mortgage Drops to 3.03%
7/12/20
According to Freddie Mac’s just-released results from its Primary Mortgage Market Survey® (PMMS®), the 30-year fixed-rate mortgage (FRM) averaged 3.03 percent, the lowest rate in the survey’s history dating back to 1971.
“Th...
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• Inland Empire’s East Valley Industrial Market Saw Strong Activity and Absorption in 2nd Quarter of 2020
7/09/20
This Second Quarter Industrial Market Summary for the Inland Empire East Valley region was provided by Lee & Associates Riverside
The second quarter of 2020 for the Inland Empire East Valley region saw strong activity and gr...
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• Construction Spending Declines in May
7/06/20
This report was provided by Wells Fargo Securities Economics Group and written by:
Mark Vitner, Senior Economist
Charlie Dougherty, Economist
Hop Mathews, Economic Analyst
Construction Spending Hampered by COVID-19
...
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• Annual Industrial Absorption Expected to Hit 333 msf by 2022
6/29/20
This report was provided by real estate services firm CBRE
Fueled by e-commerce growth, annual net industrial absorption will total more than 333 msf by 2022, leading to annual rent growth of 5.7%, according to the latest CB...
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• Latest Numbers Show Construction Activity Returning to Pre-Coronavirus Levels in Many Parts of the Country
6/19/20
This report was provided to us by The Associated General Contractors of America
A new survey by the Associated General Contractors of America and data from construction technology firm Procore show that construction activit...
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• Nation’s Hotels Expected to See Full Demand Recovery by Late 2022
6/18/20
This report was provided by real estate services firm CBRE
After suffering the greatest performance declines in the history of the U.S. lodging industry during 2020, the nation’s hotels will benefit from what is expected to...
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• Electric Utility Rate Optimization Tool from Gridium Saves $47,000 in Expenses at Bay Area Office Park
6/12/20
Gridium’s new electric utility rate optimization tool has cut approximately $47,000 in operating expenses at The Towers Emeryville, an 814k sf, Class A office park in Emeryville, which is part of a KBS client portfolio. Gridi...
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• Whiplash: From Historic Job Losses to Historic Job Gains
6/07/20
CBRE's U.S. Economic Watch reviews the jobs report for June and breaks out the numbers for the various CRE industry segments
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• Review of Key Provisions in Proposed California Legislation (SB-939) Impacting Commercial Real Property Owners and Developers
5/26/20
By:
Jonathan N. Zweig
Associate
Cox, Castle & Nicholson LLP
There is urgency legislation pending in the State of California known as Senate Bill No. 939 (“SB-939”) that proposes to add Section 1951.9 to the Civil Code (“Sec...
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• Most Employers in CBRE Study Favor Phased Return to Workplace
5/21/20
This report was provided by real estate services firm CBRE.
Most companies included in an analysis by CBRE plan to take a gradual, cautious approach to bringing employees back to their workplaces as governments begin to lift...
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• Retail Sales Plunge 16.4% in April
5/18/20
This report was written and provided to us by Wells Fargo Securities
By:
Tim Quinlan, Senior Economist
Wells Fargo Securities
Shannon Seery, Economic Analyst
Wells Fargo Securities
How Could it Get Worse?
March alread...
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• Black Swan Reset and the Fate of Commercial Real Estate
4/30/20
By Elliot M. Shirwo, Founder and Principal
BridgeCore Capital Inc
We are in the grips of a global black swan event.
The COVID-19 pandemic is having a near-catastrophic impact on most sectors of the world economy. For comm...
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