• Economy Watch: Retail Sales Surge in December

    Total retail sales for the month were up 4.3 percent from the same time last year, the U.S. Census Bureau reported.

    National 13 January 2017 14:31
  • Economy Watch: Consumers Seem Nervous About Brexit

    By Dees Stribling, Contributing Editor The University of Michigan reported on Friday that U.S. consumer sentiment took a dip in early July, with its Index of Consumer Sentiment coming in at 89.5, compared with 93.5 at the end of June. Moreover, the Index of Consumer Expectations was 77.1 in mid-July, compared

    National 18 July 2016 12:40
  • Economy Watch: Restaurant Sector Doing Reasonably Well

    By Dees Stribling, Contributing Editor It’s a tough time for retail real estate—considering that demand for the property type overall is sluggish, due to the hangover from the building boom in the 2000s, the persistently paltry pay increases that most Americans are receiving and the increasing fondness of consumers for buying

    National 01 December 2015 15:11
  • Greysteel Facilitates Sale of Durham Retail Center

    By Adriana Pop, Associate Editor Greysteel’s Mid-Atlantic Retail investment sales team led by Gil Neuman (pictured) has arranged the sale of Durham Plaza, a 234,500-square-foot retail center located at 2000 Avondale Drive just off the Interstate 85 junction in Durham. In conjunction with Tampa-based full-service commercial real estate Franklin Street Real Estate,

    Raleigh 10 September 2015 18:21
  • Economy Watch: One Property Type Hasn’t Benefited from the Recovery. Here’s Why

    By Dees Stribling, Contributing Editor As a property type, retail doesn’t seem to have benefited from the recovery quite as much as the others. What’s holding the market back? In its latest retail market report, released on Tuesday, Reis senior economist Ryan Severino addressed that question. E-commerce is gnawing away at

    National 08 July 2015 13:52
  • Economy Watch: An Inside Look at the Retail Sector

    By Dees Stribling, Contributing Editor Retail sales rose again in May according to the Census Bureau on Thursday, offering another indication that the second quarter is night be a bounce back for the economy as a whole, since consumer spending is such an important part of it. The bureau, which adjusts

    National 12 June 2015 13:55
  • $60 Million Residential and Retail Building Coming to Midtown Detroit

    A 1.5-acre site in Detroit is set to be replaced by a much-needed $60 million mixed-use complex as part of Wayne State University’s “2020 Master Plan” that aims to revitalize the South University Village neighborhood.

    Detroit 02 December 2013 19:14