The entire commercial property debt market—including banks, commercial mortgage securities and nonbank lenders and others—increased less than 1% in the second quarter. That was the lowest quarterly rise since the first quarter of 2014.
The entire commercial property debt market—including banks, commercial mortgage securities and nonbank lenders and others—increased less than 1% in the second quarter. That was the lowest quarterly rise since the first quarter of 2014.
Employers offer 80% of workers paid sick leave, up from 67% a decade ago. Paid vacation expanded to 77% of the workforce from 74%. And paid family leave, with the most dramatic jump, increased to 27% from 12%.
“And it also is not really M&A. It seems like a desperate grab to try to solve problems that [Choice] has,” Stephen Holmes, chairman of the board of Wyndham said during Wyndham Hotels & Resorts’ third-quarter earnings call.
Gross domestic product grew at a seasonally- and inflation-adjusted 4.9% annual rate in the third quarter. That was the fastest rate since late 2021 and much stronger than economists were anticipating just a few months ago. The economy expanded 2.1% in the second quarter.
Developers are rushing to build hundreds of data centers, especially those with the high power and cooling systems that AI servers need. Blackstone, for one, has grown its data-center development pipeline to more than $15 billion from only $1 billion in two years.
If the proposed policy is passed, Los Angeles will be the first city in America to house the homeless and paying guests together in hotels. A poll indicated that 71% of Americans said they would be deterred from visiting Los Angeles for leisure or vacation if hotels were mandated to implement the policy.
The cold storage sector has long been a specialized corner in the $20 trillion commercial real-estate industry. But it is gaining traction with big property investors like Related and others, who believe that changes in the supply chain and the growing number of consumers who want more local food and diverse brands will boost this business. Cold storage inventory fell about 7% from peak to trough during the pandemic.
The tried-and-true 60-40 portfolio lost 17% last year, its worst performance since at least 1937. Even with a 14% gain in the S&P 500 helping the strategy recover in 2023, stocks and bonds have moved in tandem, more over the past three years than any time since 1997.
During the first nine months of 2023, more than 22% of flights to or from U.S. airports were delayed. That’s up from roughly 17% during the same period in 2019.