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Mogul Minute 09/07/2016
September 7 | 2016

Mogul Minute

Here at RealtyMogul.com, we keep our finger on the pulse of all things real estate, from finance to technology and everything in between. We make a point of sharing interesting articles and think pieces among RealtyMogul.com staff to help our team stay abreast of the market, and ahead of the curve.

So we thought, why not share some of these insights with you, our partners?

Got A Minute? Here’s some recommended reading with key points from the content:

Payrolls in U.S. Cool in August as Jobless Rate Holds Steady (Bloomberg)

  • Jobs rose 151,000 in August, a number suggesting moderating growth coming off a strong July where 275,000 jobs were added. August is typically a slow growth month due to the large amount of people that go on vacation.
  • “Overall, it still looks like the job market is doing well . . . this probably takes a little bit away from the case for a September (Fed) move,” said Michael Feroli, chief U.S. economist at JPMorgan Securities LLC in New York.
  • The unemployment rate held steady at 4.9% for the third consecutive month.

Economy Watch: ADP Report Points to Continued Job Growth (Multi-Housing News)

  • The Bureau of Labor notable stats for August. The gains shown below are the monthly gains relative to July:
    • Private sector employment (+177,000 jobs)
    • Goods-producing employment (-6,000 jobs)
    • Construction (-2,000 jobs)
    • Manufacturing jobs (flat)
    • Service-providing employment (+183,000 jobs)
    • Professional business services (+53,000 jobs) – good for office demand

U.S. Manufacturing Hits Rough Spot in Possible Warning on Growth (Bloomberg)

  • The Institute for Supply Management index, a survey that monitors employment, production, inventories, and new orders, fell by 3.2 points in August, the largest drop in over two years. It is unclear whether this is a blip or signs of things to come but something to monitor nonetheless.
  • “It’s one month, and there have been signs of stabilization,” said Brett Ryan, a U.S. economist at Deutsche Bank Securities Inc. in New York. “But this confirms that we’re not in a manufacturing recovery yet. We’ve stabilized, but it’s not rebounding strongly by any means.”

Walmart Cuts 7,000 Back Office Jobs as the Firm Adapts to E-Commerce (Bisnow)

  • Walmart is automating several back office jobs and plans to cut 7,000 workers across the nation. Analysts believe that this is a reaction to keep pace with Amazon as they make a continued investment into e-commerce.

Ventas Closes On $1.5B Wexford Buy (GlobeSt.)

  • The deal is Ventas’ first entry into the life science business and includes a portfolio of 23 properties containing over 4.1M SF of medical real estate leased by “top universities, academic medical centers, and research companies.”
Tim Ednoff Headshot
Written by , Associate - Commercial Equity at RealtyMogul.com

Tim evaluates investment opportunities as well as performs due diligence and writes content for various equity and debt transactions. Outside of the office, Tim is an avid sneaker collector, a passionate health and fitness advocate, and a dedicated podcast enthusiast.

 
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