Author: Daniel snow

[ad_1] After several years of deep distress, the beleaguered U.S. office market has reached an inflection point. This year, office conversions and demolitions will exceed new construction for the first time in at least 25 years.Simply put, more office space is being removed than added, shrinking the overall office footprint, according to exclusive new data from CBRE Group. The commercial real estate services firm has been tracking this since 2018, but estimates it may be the first time such a dynamic has played out this century, and likely longer.CBRE found that across the largest 58 U.S. markets, 23.3 million square…

Read More

[ad_1] Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. The S & P 500 fell on the first trading day of June after a weekend of no progress on China trade talks. In fact, China refuted President Donald Trump ‘s accusation Friday morning that Beijing violated its trade agreement with the U.S. The White House on Monday said Trump will likely talk with Chinese President Xi Jinping this week. “I think the Chinese would be nuts to make a deal,” Jim Cramer said…

Read More