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April 7, 2023

Inside CRE’s Frustrating Battle To Reduce Its Carbon Emissions — And Save Humanity

Hear From Chipotle, Shake Shack, Van Leeuwen Ice Cream & More April 25

The world is at a tipping point. Last month, the latest report of the United Nations Intergovernmental Panel on Climate Change laid out a stark warning: Humanity needs to dramatically ramp up its efforts to reduce carbon emissions, and it needs to do it right now. 

As a major contributor to global greenhouse gas output, the commercial real estate industry has to be at the forefront of the fight against the climate crisis — but a major investigation by Bisnow shows it is not doing its part to avert ecological disaster. 

BISNOW SPECIAL REPORT: Inside CRE’s Frustrating Battle To Reduce Its Carbon Emissions — And Save Humanity

Bisnow undertook an analysis of the decarbonization targets of the world’s 75 largest real estate investors and managers, to see if the warm words of press releases and ESG reports was being matched by tangible action. In too many cases, the gap between words and actions was stark.Almost half of the…

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CRE Values Keep Sliding, Down 15% From Last Year

CRE Values Keep Sliding, Down 15% From Last Year

Commercial real estate property prices are down sharply compared with a year ago, according to Green Street, with its commercial property price index down 15.2% from March 2022. The index is off 0.2% compared with February 2023.Some property types have been hit harder than others year-over-year, but according…

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'2 Economies': Economists React To The March Jobs Report On Twitter

'2 Economies': Economists React To The March Jobs Report On Twitter  

Nonfarm payroll employment rose by 236,000 jobs in March, almost exactly in line with consensus estimates, the Bureau of Labor Statistics reported Friday.

The unemployment rate dropped to 3.5%. It has remained at or below 3.7% since the end of the first quarter of 2022.

The leisure and hospitality industry saw the biggest increase in jobs, adding 72,000 in March, 50,000 of which were in food services and drinking places. The industry had averaged monthly gains of 95,000 jobs over the previous six months. In retail, job losses in the retail trade sector were offset by…

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