WASHINGTON, DC—Friday’s release of May’s employment numbers by the Bureau of Labor Statistics pointed to an economy that is in steady, albeit hardly spectacular, expansion mode. The 217,000 jobs created—in many CRE-supporting industries—essentially assured the watching world that the dismal Q1 economic growth, or lack thereof, was largely a factor of the winter weather.

The statistics also plays into a growing narrative that business investment is increasing or at least poised to increase. One key driver of that demand, of course, is the willingness of banks to lend to such projects.

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