Bank REOs Up, Activity Down a Bit
IRVINE, CA—Bank repossessions of US residential properties increase 4% from a year ago, but foreclosure activity decreases by 1%, RealtyTrac reports.
IRVINE, CA—A strong local economy and jobs have led to markets like Orange County to be the best for office investors, but demand and the supply pipeline vary widely among submarkets, Ten-X’s Peter Muoio tells GlobeSt.com.
WASHINGTON, DC—“Steady hiring and low local unemployment levels are finally supporting higher wages and increased spending,” with positive implications for commercial property demand, says Lawrence Yun at the National Association of Realtors.
WASHINGTON, DC—The nationwide program will bring real-time arrival information for a variety of transportation modalities to the lobbies of properties managed by JLL.
SAN DIEGO—According to Mohamed A. El-Erian, chief economic advisor at Allianz, and former CEO and co-CIO of PIMCO, politics will remain noisy, but will not fundamentally contaminate the central banks.