Commercial Real Estate & Business News – December 7, 2021

“There are 101 ways to measure inflation,” write Cushman & Wakefield’s David Bitner, Kevin Thorpe and Rebecca Rockey, who add that in the current environment, the median consumer price index is an especially telling barometer. The median CPI is now…»

Nikola Corp. (Nasdaq:NKLA), the hydrogen and electric semitruck manufacturer, bought its headquarters for $25 million, according to real estate database Vizzda. The company bought the 200,000-square-foot building at…»

A joint venture of two real estate developers based in Orange County, California, has acquired a 54-acre parcel in Buckeye, Arizona, where it plans to build a logistics park. Irvine, California-based Shopoff Realty Investments and Contour Real Estate, a privately held…»

As inflation continues to push up the price of consumer goods, shoppers from higher income levels are starting to abandon their regular grocery store in favor of a new favorite: the dollar store. These no-frills retail stores, where shoppers can buy everything from…»

Following a strong showing in October, a somewhat disappointing U.S. jobs report released Friday shows that 210,000 non-farm jobs were added in November, bringing the unemployment rate down to 4.2%. While this is a 0.4% decrease in unemployment, the…»