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CRE Price Growth is Slowing but Still Going

CRE Price Growth is Slowing but Still Going

By Erik Sherman via GlobeSt In science and engineering it’s the difference between what calculus calls the first and second derivatives: how fast something is changing and then the shift in that rate of change. For commercial real estate properties overall, April was...

Scorching inflation hits 9.1%, highest since 1981

Scorching inflation hits 9.1%, highest since 1981

Consumer Price Index, year-over-year percentage change By Courtenay Brown via Axios  Inflation soared to a fresh four-decade high in June, as prices rose 9.1% from last year — 1.3% from the prior month — the government said on Wednesday. Why it matters: The price...

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Cambria Hotel Boston Somerville opens its doors

Cambria Hotel Boston Somerville opens its doors

Cambria Hotel Boston Somerville has opened its doors. Situated on the Somerville-Cambridge line, it converges with a unique moment in time for Somerville as it experiences a modern-day renaissance, and it adds to the exciting transformation that Somerville’s historic...

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Cambria Hotel Boston Somerville opens its doors

Cambria Hotel Boston Somerville opens its doors

By Boston Real Estate Times  Somerville, MA – Cambria Hotel Boston Somerville has opened its doors. Situated on the Somerville-Cambridge line, it converges with a unique moment in time for Somerville as it experiences a modern-day renaissance, and it adds to the...

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U.S. Jobs Report for April Shows More Strong Gains

U.S. Jobs Report for April Shows More Strong Gains

Via The New York Times U.S. added 428,000 jobs in April as the labor market remained vibrant. April produced another solid month of job growth, the Labor Department reported Friday, reflecting the economy’s resilient rebound from the pandemic’s devastation. U.S....

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Strong Job Market Puts Upward Pressure on Wages

Strong Job Market Puts Upward Pressure on Wages

By Jon Worth and Nicole Funari via Nareit   The Bureau of Labor Statistics’ March Job Openings and Labor Turnover (JOLTs) report highlights the health of the labor market. March marked 23 straight months with hires greater than separations and the March JOLTs...

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