Economy

A strong economy means a high occupancy rate for hotels through 2019 in the US and in New York, according to CBRE.

At 4% on average, industrial assets have the lowest cap rates in Southern California, followed by multifamily.

Downtown San Diego has seen a surge in new apartment construction, with a pipeline of more than 3,600 units, but the multifamily vacancy rate is the highest in the market.

Investor sentiment has roared back this year, and investment sales activity is up in response to the strong demand.

Los Angeles home sales were down 6% in July year-over-year, rounding out three months of steady decline in home values.

An environmental and business advocacy group's reseach report says an offshore wind farm would create 4,000 jobs and add $730 million to New York's economy.

An influx of young, well-educated new residents has New Orleans on the brink of a long-awaited economic revival.

The international firm is moves its distribution facility to Tejon Ranch Commerce Center, thanks to availability of quality space and an attractive tax incentive program.