Hotel Invasion: Residents Fight To Keep Hotel Development At Bay In Major Cities
U.S. hotel demand may be at record highs, but that doesn't mean residents in every part of the country are excited to see hotel projects breaking ground in their backyards.
Occupancy, average daily rates and revenue per available room were up in the U.S. hotel industry in the second quarter. RevPAR had its 100th consecutive month of growth, demand was up 3.1% and each key performance metric that hotel data…
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Coleman Highline Grabs Large Tenant
Roku is moving its headquarters to Hunter Storm's Coleman Highline project in San Jose. In one of the largest leases of the year in Santa Clara County, Roku has leased 472K SF across four different buildings at the mixed-use complex,…
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Bay Area Real Estate Leaders Among Five Killed In Santa Ana Plane Crash
Four members of the Bay Area real estate community were among the five people who lost their lives Sunday in a plane crash at a Staples parking lot in Santa Ana.
The pilot of the private plane, identified as Scott Shepherd, was a Bay Area real estate developer. His LinkedIn profile identifies him as president and CEO of Category III Development. Three of the passengers, including his wife, Lara Shepherd, were Pacific…
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Owners Focus On High-Credit Tenants As Industrial Market Keeps Heating Up
With industrial vacancy rates at historic lows, owners have been vying for more creditworthy tenants instead of higher rental bids, GlobeSt reports.
“I think it boils down to the fact that landlords have a choice,” Cushman & Wakefield Executive Managing Director of Industrial Brokerage and Global Supply Chain Solutions Rick Ellison told GlobeSt. “It's become common for multiple tenants to compete for the same availability. Landlords are choosing their best option.”
Owners are finding that they can still attract a high-quality tenant without needing to offer discounts in rents. That means tenants lacking credit will have fewer options and more competition for space as the market continues to tighten.
The shifting…
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'Merry Employment Situation': Economists React To July Jobs Report On Twitter
Nonfarm payroll employment increased by 157,000 in July, the U.S. Bureau of Labor Statistics reported Friday, marking the country's 94th straight month of employment gains. The unemployment rate fell by 0.1 percentage point to 3.9%.
Food services and drinking places employment continued its upward trend, adding 26,000 jobs in July. Construction employment also continued to trend up, adding 19,000 jobs for the month. Construction employment has increased by 308,000 over the year. Here is how some economists and others reacted to the jobs report on Twitter.
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9 Things You Need To Know About This Retreat For Young Real Estate Leaders
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At the 1 Hotel in South Beach, Florida, real estate's most promising leaders gather annually for Ascent, a two-day retreat of networking, professional development and wellness talks. Beginning as a networking event to build bonds and do deals within CRE, Ascent…
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