“Storm is brewing” in U.S. commercial real estate
A few months ago, I submitted a similar story to our weekly insight roundup that discussed a large number of upcoming debt maturities that experts predicted would have an effect on the commercial real estate market. According to a new report by Pimco, it’s not just the wave of debt maturities that could cause problems for the market but also more regulation, slowing growth, and noted property sales by publicly traded landlords. In New York, the country’s largest property market, real estate transactions could decline as much as 30% this year, says Cushman & Wakefield. It’s not bad news for everyone, though: Pimco points to opportunity for nimble buyers to snatch up potential bargains soon.
CJ Powell, Writer
Need a mental break? Surfing social media at work does it for many.
Today’s workers (34%) said that taking a mental break is their top reason for using social media at work. Even though 51 percent of respondents said their office has a social media policy, the range of reasons for using social media varies — from learning more about co-workers or solving a work problem.
Anne Wright, Sr. Account Director
