Construction layoffs hit lowest level since 2000
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
Economists say the data points to an industry desperate to hold onto the workers it has while also struggling to find employees with in-demand skills for open roles.
External link. Real Estate Trail does not republish source content.
More from the wire
Cushman & Wakefield Negotiates $56.6M Sale of Industrial Facility in Upper Marlboro, Maryland
UPPER MARLBORO, MD. — Cushman & Wakefield has negotiated the $56.6 million sale of a 202,976-square-foot industrial facility located at 8511 Pepco Place in Upper Marlboro, a suburb of Washington, D.C., in Prince Georg…
Hyatt Elevates the Everyday Stay with Growing Essentials Portfolio
Hyatt highlights new and upcoming Essentials Portfolio properties across the U.S., spanning six brands including Hyatt Place, Hyatt House, Hyatt Studios, and Unscripted by Hyatt, targeting leisure, business, and exten…
Orion Buys Food Lion-Anchored Shopping Center in Boone, North Carolina for $26.1M
BOONE, N.C. — Miami-based Orion Real Estate Group has acquired Watauga Village, an 88,800-square-foot neighborhood shopping center located in Boone, a city in western North Carolina and home of Appalachian State Unive…
Cadence McShane Completes 75,000 SF Industrial Project in Kyle, Texas
KYLE, TEXAS — General contractor Cadence McShane has completed a 75,000-square-foot industrial project in Kyle, a southern suburb of Austin. Designed by Studio 8 Architects and developed by TIG Real Estate Services, t…
Trammell Crow-Led Team Starts Work on Charlotte Warehouse Project
Trammell Crow Company (TCC) has broken ground on Caldwell Commerce Center, a two-building, 233,335-square-foot speculative industrial development in Charlotte, North Carolina. Delivery is expected by July 2027. TCC’s…
Avatar Financial Provides $3.9M Bridge Loan for Metro Houston Hotel
RICHMOND, TEXAS — Seattle-based lender Avatar Financial Group has provided a $3.9 million bridge loan for the 80-room Fairfield Inn & Suites byMarriott hotel in Richmond, a southwestern suburb of Houston. The three-st…