- Weyerhaeuser Leads Real Estate, Construction Firms in Management Top 250 “High marks for innovation and social responsibility helped make Weyerhaeuser Co. the highest ranked among real-estate and construction-related companies in the Management Top 250. The Seattle company scored in the top 1% of all companies analyzed for innovation, which measures things such as research-and-development spending and statistics on patents.” (Wall Street Journal, subscription required)
- Recession Indicators Are Flashing a Yellow ‘Caution’ Signal, Pimco Says “It’s the question that some investors have been asking all year: is the market in the late stage of the economic cycle? Pimco’s analysts say there are ‘ample signs of change in the wind for investors,’ including trade disruptions and both rising inflation and interest rates. ‘At this stage in the cycle, investors should consider inflation risk, market dispersion, recession risk and other key factors,’ they wrote in an economic outlook, providing our call of the day.” (MarketWatch)
- These Are the Top 10 Most Livable Cities in America “Honolulu, Hawaii is the most liveable city in America. That's acording to The Economist Intelligence Unit, which provides an annual The Global Liveability Index ranking 140 global cities on categories including healthcare, culture and environment, education, infrastructure and stability (crime, conflict and terrorism).” (CNBC)
- Why Job Seekers Are Relocating at Historically Low Rates “Looking for work? Chances are you’re not considering relocating, along with the vast majority of American workers. Only around 10% of people seeking out a new job in the U.S. chose to relocate for work during the first half of 2018, according to a new report from staffing firm Challenger, Gray and Christmas. And in the second half of the year, just 9.5% of workers decided to move for a job, down from 10.6% the year before and 12% during the second quarter of 2016.” (MarketWatch)
- The Future of Real Estate May Be Etched in Concrete “If you're looking for hints on the future of the real estate pipeline, including new residential and non-residential starts, you can do worse than listening to Ed Sullivan. The senior vice president and chief economist of the Portland Cement Association, Sullivan was among the keynote speakers at the recent mid-year meeting of the Herndon, Va.-based National Concrete Masonry Association, at the Inter-Continental Hotel in Chicago.” (Forbes)
- J.C. Penney Sinks 27 Percent on Forecast Cut, Fashion Falls Flat “J.C. Penney Co Inc shares sank below $2 for the first time on Thursday after it said it had alienated core middle-aged customers while chasing millennial buyers, and the venerable brand forecast an unexpectedly large loss. The company’s shares fell more than 27 percent to $1.75 in morning trading, the lowest since it listed on the New York Stock Exchange a week before the launch of the Great Depression in 1929.” (Reuters)
- Google Expanding Space in Fulton Market, This Time with a Flagship Store “Google is planning a two-level store in Chicago’s Fulton Market district, its first known location for a retail flagship. The technology giant is close to finalizing a lease for almost 14,000 square feet on the first and second floors of several connected, two-story brick buildings between 845 and 853 W. Randolph St., according to sources. If completed as expected, Google’s deal will represent another milestone in the evolution of the longtime meatpacking district west of the Kennedy Expressway, where Google already has its Midwest office headquarters and more than 900 employees.” (Chicago Tribune)
- Dallas’ Landmark Cityplace Tower Has a New Owner with Big Plans for the High-Rise “One of Dallas' landmark skyscrapers has changed hands. The high-profile building on the edge of Dallas' Uptown district was acquired by Dallas' Highland Capital Management in one of the largest building sales in Dallas so far in 2018. The 42-story Cityplace Tower on North Central Expressway is the tallest building outside of downtown Dallas. Built in 1987, the 1.4 million-square-foot high-rise has been owned since 2013 by Florida-based investor Parmenter Realty Partners and Angelo, Gordon & Co.” (Dallas Morning News)
- Mack Lends $503M on Qatari-Owned Hotels in Three U.S. Cities “A Qatari investment firm that operates hotels has secured $503 million in debt to refinance three of its U.S. properties, according to an announcement from HFF, which arranged the loans. The debt, from Mack Real Estate Credit Strategies, is secured by hotels in New York City, Miami and Washington, D.C. that total 1,049 hotel rooms, according to HFF. All three loans carry floating interest rates and mature in four years, with one-year extension options on each.” (Commercial Observer)
- Four Creative Ways to Finance a Rental Property Purchase “The traditional path to buying an investment property is to save money for a down payment, then get a mortgage to cover the rest. But that’s not the only path. From time to time, I get questions from the landlords who use Avail about how they can finance a rental property if they don’t have enough in the bank for a down payment. Here are the four strategies I suggest considering.” (Forbes)
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