Jefferies Trading Surge Bodes Well for Wall Street Heavy-Hitters
Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for the bigger banks due to report in weeks to come.
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Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for the bigger banks due to report in weeks to come.
Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion.
Plunging demand for commodity offices in the US is driving growth for the highest-quality properties, a Morgan Stanley executive said.
Nuveen is shifting management of about 3,000 rental houses to Invitation Homes Inc., marking the end of its attempt to launch a new single-family landlord.
Canada’s real estate market is seeing some signs of increased activity, but one economist says a recovery will be gradual until interest rates are firmly moving down.
Apr 25, 2019
Bloomberg News
,It’s getting harder to find a place to call home. The U.S. Census Bureau reports home ownership vacancies are below 1 per cent in more than one-third of the nation’s 75 largest metropolitan areas.
Vacancy rates rounded to zero last quarter in Greensboro-High Point, North Carolina; Syracuse, New York; Louisville/Jefferson County, Kentucky; Hartford-West Hartford-East Hartford, Connecticut; Grand Rapids-Wyoming, Michigan and Akron, Ohio.
Elsewhere, a dozen metro areas saw vacancy rates fall by a full percentage point or more from a year earlier. On the other end of the scale, the Dayton, Ohio, area posted the largest percentage increase in vacant properties from a year earlier -- 5.2 per cent.
Data on rental vacancies showed Akron, Ohio, and Hartford-West Hartford-East Hartford, Connecticut were also among the tightest. Boston-Cambridge-Newton led that list at 1.7 per cent. Fresco, California; Austin-Round Rock, Texas and Cincinnati were the loosest rental markets.
The Census Bureau data are based on a sample-based survey.