California Regains Job Momentum in August as Shrinking Labor Force Clouds Outlook
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
California's labor market rebounded in August with 39,400 new nonfarm jobs and an upward revision to July's tally, yet a continued contraction in the state's workforce and a near-total reliance on health care hiring l…
External link. Real Estate Trail does not republish source content.
More from the wire
Institute for Luxury Home Marketing launches property search platform
The platform is available to the Institute’s more than 11,000 current members
Judge dismisses UWM 401(k) forfeiture lawsuit under ERISA
Michigan federal judge said plan terms allowed forfeitures to reduce employer contributions when not used for plan expenses
Commercial real estate listings: Goodwill buys building on Midlothian Turnpike for $2 million
Greystone Lends $35M on Chicago-Area Apartments Acquisition
Isn’t life grand. Multifamily developer Grand Lifestyles has secured $35.4 million of acquisition financing to purchase a multifamily asset in suburban Chicago, Commercial Observer has learned., Greystone closed the F…
Partnership Acquires Shuttered Mall in North Houston, Plans $150M Industrial Redevelopment
HOUSTON — A partnership between Dallas-based Lincoln Property Co. (LPC) and New York Life Investment Management has acquired a shuttered mall in North Houston with plans to implement a $150 million industrial redevelo…
Cain Food Industries Signs 121,290 SF Industrial Lease in West Dallas
DALLAS — Cain Food Industries Inc. has signed a 121,290-square-foot industrial lease in West Dallas. The wholesale supplier of baking ingredients is taking space at the building at 1107 Conveyor Lane, a 220,741-square…