Mall Vacancies Reach Six-Year High as Retail Slump Batters Local Economies

Wall Street Journal, Apr. 1, 2018–Peter Grant (subscription)Empty space in regional shopping malls reached a six-year high in the first quarter, adding further stress to regions being hit by a retail earthquake that is shaking up the job market across the U.S.

New York Fed Picks John Williams as President

Wall Street Journal, Apr. 3, 2018–Michael S. Derby (subscription)The Federal Reserve Bank of New York said Tuesday that John Williams, who has helmed the San Francisco Fed since 2011, will become its next leader, assuming one of the top leadership positions at the U.S. central bank.

ADP: Construction Industry Leads March Employment Surge

HousingWire, Apr. 4, 2018–Kelsey RamirezAs job gains continue in the construction industry, employment is expected to surge in March, according to the ADP and Moody’s Analytics National Employment Report.

It’s Time for Companies to Ditch Big Corporate Campuses

Venture Beat, Mar. 24, 2018–Stephane KasrielThere’s an unspoken rule virtually every startup in the last two decades seems to have followed: If you start hiring more people, lease or build bigger offices. It’s time to discard this increasingly out-of-date workplace model and find new ways of building teams empowered by new technology.

The Amazon-Whole Foods Era of Grocery Just Claimed its First Victims

Washington Post, Mar. 22, 2018–Caitlin Dewey Less than a year after Amazon bought Whole Foods, shaking food retailers to their core, the so-called “grocery wars” have racked up their first two casualties: Tops Markets and Southeastern Grocers.

Five Workplace Trends The Commercial Real Estate Industry Must Prepare For

Forbes, Mar. 26, 2018–Christopher KellyDespite a tight labor market putting pressure on employers to attract talent, the vast majority of the corporate workforce still works in dull, cubicle-laden office buildings, designed solely for space efficiency and with no regard for human-centered design.

Brookfield’s $15 Billion Deal for GGP Is Bad News for the American Mall

Bloomberg, Mar. 27, 2018–Sarah Mulholland, Scott DeveauBrookfield Property Partners LP’s deal to take over retail landlord GGP Inc. is “wholly inadequate,” “a negative for the sector” and “neither exciting for GGP shareholders nor a good read-through for mall asset values.” In fact, “investors should vote against the transaction as it does not offer sufficient value,” said Wall Street analysts.