Commercial Real Estate & Business News – July 13, 2021

Consumer spending remained solid in June, with a majority of consumers spending more than they one year ago. That’s according to the Visa U.S. Spending Momentum Index (SMI). In June 2021, the Visa SMI registered 111.7, down 11.6 points from the May reading of 123.3. The reading above 100 suggests…»

Effective retail rents grew by 0.1% in the second quarter, a sign experts from Moody’s Analytics say shows a “significant” lack of stress, considering typical trends in the sector. The uptick has “at least temporarily, moderated the glut of negative sentiments across analysts and industry stakeholders,” Moody’s Thomas LaSalvia notes in…»

COVID-19’s viral spread beginning in early 2020 set back every economy on the face of the planet. Its downward effect on wages, employment, output, and other positive economic indicators devastated workers’ incomes (and job status), industries’ profits, and government’s massive…»

Jim Maury may not be as famous as Elon Musk, but the two do have something in common: They both run electric vehicle companies. “He’s a pioneer, and really pushed the envelope and I give Elon a lot of credit, but we’re all learning, you know, this is a new space,” he said. Maury is the…»

Heading into the second half of the year, investors say lenders are so confident in the rebound of the economy they are even willing to finance deals involving the hard-hit hotel industry. It’s a sign that deal flow is back as lenders are again competing to provide money for the…»