coronavirus – REBusinessOnline https://rebusinessonline.com Commercial Real Estate from Coast to Coast Wed, 25 Nov 2020 15:56:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.4 https://rebusinessonline.com/wp-content/uploads/2020/09/cropped-REBusiness-logo-512px-32x32.png coronavirus – REBusinessOnline https://rebusinessonline.com 32 32 Initial Jobless Claims Rise for Second Straight Week https://rebusinessonline.com/initial-jobless-claims-rise-for-second-straight-week/?utm_source=rss&utm_medium=rss&utm_campaign=initial-jobless-claims-rise-for-second-straight-week Wed, 25 Nov 2020 15:56:35 +0000 http://rebusinessonline.com/?p=279076 WASHINGTON, D.C. — Initial jobless claims reached 778,000 for the week ending Nov. 21, an increase of 30,000 from the previous week. The U.S. Department of Labor released its findings a day earlier than usual due to the Thanksgiving holiday. Economists surveyed by Dow Jones expected the weekly total to be 733,000. The four-week moving […]

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AHLA Survey: 71 Percent of Hotels Won’t Survive Next Six Months Without Government Assistance https://rebusinessonline.com/ahla-survey-71-percent-of-hotels-wont-survive-next-six-months-without-government-assistance/?utm_source=rss&utm_medium=rss&utm_campaign=ahla-survey-71-percent-of-hotels-wont-survive-next-six-months-without-government-assistance Thu, 19 Nov 2020 16:39:39 +0000 http://rebusinessonline.com/?p=278619 WASHINGTON, D.C. — The American Hotel & Lodging Association (AHLA) released a survey that found 71 percent of hotels won’t survive the next six months without government assistance. AHLA conducted the survey of hotel industry owners, operators and employees from Nov. 10 to 13, yielding more than 1,200 respondents. Thirty four percent of owners say […]

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Initial Unemployment Claims Tick Back Up to 742,000, Point to Continued Economic Struggles https://rebusinessonline.com/initial-unemployment-claims-tick-back-up-to-742000-surpassing-economists-expectations/?utm_source=rss&utm_medium=rss&utm_campaign=initial-unemployment-claims-tick-back-up-to-742000-surpassing-economists-expectations Thu, 19 Nov 2020 16:38:09 +0000 http://rebusinessonline.com/?p=278615 WASHINGTON, D.C. — Initial weekly jobless claims ticked back up during the week ending Nov. 14, the U.S. Department of Labor reported Thursday. Total claims totaled 742,000, up from 709,000 the prior week — the lowest since the beginning of the pandemic. Economists surveyed by Dow Jones expected this week’s total to be 710,000. The […]

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The Home Depot Reports 23.2 Percent Increase in Third-Quarter Sales https://rebusinessonline.com/the-home-depot-reports-23-2-percent-increase-in-third-quarter-sales/?utm_source=rss&utm_medium=rss&utm_campaign=the-home-depot-reports-23-2-percent-increase-in-third-quarter-sales Tue, 17 Nov 2020 16:45:51 +0000 http://rebusinessonline.com/?p=278394 ATLANTA — The Home Depot (NYSE: HD) has reported that its third-quarter sales reached $33.5 billion, a 23.2 percent increase over third-quarter sales for 2019. Net earnings for the third quarter were $3.4 billion, or $3.18 per diluted share, compared with net earnings of $2.8 billion, or $2.53 per diluted share, in the same fiscal […]

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Walmart’s E-Commerce Sales Jump 79 Percent in Third Quarter https://rebusinessonline.com/walmart-e-commerce-sales-jump-79-percent-in-third-quarter/?utm_source=rss&utm_medium=rss&utm_campaign=walmart-e-commerce-sales-jump-79-percent-in-third-quarter Tue, 17 Nov 2020 16:44:24 +0000 http://rebusinessonline.com/?p=278389 BENTONVILLE, ARK. — Walmart (NYSE: WMT) has reported that its third-quarter e-commerce sales grew 79 percent from the same period a year ago. Comparable sales, defined as those from stores that operated during the entire 12-month fiscal year, went up 6.4 percent. The Bentonville-based retailer’s revenue during its fiscal third quarter reached $134.7 billion, a […]

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CoStar: Users Nearly Double Amount of Sublease Space in US Office Market in Second, Third Quarters https://rebusinessonline.com/costar-users-nearly-double-amount-of-sublease-space-in-us-office-market-in-second-third-quarters/?utm_source=rss&utm_medium=rss&utm_campaign=costar-users-nearly-double-amount-of-sublease-space-in-us-office-market-in-second-third-quarters Mon, 16 Nov 2020 15:40:45 +0000 http://rebusinessonline.com/?p=278283 WASHINGTON, D.C. — Office users across the United States added 42 million square feet of office space to the sublease market during the second and third quarters, according to a new report from CoStar Group. As of the end of September, the country’s inventory of office sublease space stood at approximately 157 million square feet, […]

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Michigan Department of Health Issues Three-Week Order Limiting Indoor Gatherings in Effort to Prevent Spread of COVID-19 https://rebusinessonline.com/michigan-department-of-health-issues-three-week-order-limiting-indoor-gatherings-in-effort-to-prevent-spread-of-covid-19/?utm_source=rss&utm_medium=rss&utm_campaign=michigan-department-of-health-issues-three-week-order-limiting-indoor-gatherings-in-effort-to-prevent-spread-of-covid-19 Mon, 16 Nov 2020 15:15:40 +0000 http://rebusinessonline.com/?p=278269 LANSING, MICH. — The Michigan Department of Health and Human Services (MDHHS) has issued a new emergency order that enacts a three-week pause on indoor social gatherings and other group activities in effort to curb rapidly rising COVID-19 infection rates. Under this order, indoor residential gatherings are limited to two households at any one time. […]

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AHLA Urges Congress to Pass COVID-19 Relief Bill as Survey Shows Most Americans Have No Holiday Travel Plans https://rebusinessonline.com/ahla-urges-congress-to-pass-covid-19-relief-bill-as-survey-shows-most-americans-have-no-holiday-travel-plans/?utm_source=rss&utm_medium=rss&utm_campaign=ahla-urges-congress-to-pass-covid-19-relief-bill-as-survey-shows-most-americans-have-no-holiday-travel-plans Fri, 13 Nov 2020 16:03:25 +0000 http://rebusinessonline.com/?p=278189 WASHINGTON, D.C. — The American Hotel & Lodging Association (AHLA) has urged the U.S. Congress to pass another COVID-19 relief bill, citing a lack of holiday travel plans by most Americans surveyed and a continuation of stymied business travel. Morning Consult conducted a survey of 2,200 adults from Nov. 2 to 4 on behalf of […]

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Initial Weekly Job Claims Fall to 709,000, Lowest Level Since Onset of Pandemic https://rebusinessonline.com/initial-weekly-job-claims-fall-to-709000-lowest-level-since-onset-of-pandemic/?utm_source=rss&utm_medium=rss&utm_campaign=initial-weekly-job-claims-fall-to-709000-lowest-level-since-onset-of-pandemic Thu, 12 Nov 2020 16:34:28 +0000 http://rebusinessonline.com/?p=278098 WASHINGTON, D.C. — Initial weekly job claims fell by 28,000 claims to 709,000 for the week ending Nov. 7, the U.S. Department of Labor reported Thursday. The most recent figure marks the lowest weekly claims since the onset of the coronavirus pandemic in mid-March. Additionally, the number of claims beat expectations from economists surveyed by […]

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NMHC: 80.4 Percent of Renters Have Paid November Rent https://rebusinessonline.com/nmhc-80-4-percent-of-renters-have-paid-november-rent/?utm_source=rss&utm_medium=rss&utm_campaign=nmhc-80-4-percent-of-renters-have-paid-november-rent Tue, 10 Nov 2020 16:40:07 +0000 http://rebusinessonline.com/?p=277885 WASHINGTON, D.C. — The National Multifamily Housing Council (NMHC) found that 80.4 percent of apartment households made a full or partial rent payment by Nov. 6. NMHC surveyed its network of 11.4 million professionally managed units as part of its Rent Payment Tracker metric. The most recent figure is a 110-basis point drop from November 2019, […]

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First-Time Unemployment Claims Tick Down to 751,000, Slightly Ahead of Expectations https://rebusinessonline.com/first-time-unemployment-claims-tick-down-to-751000-slightly-ahead-of-expectations/?utm_source=rss&utm_medium=rss&utm_campaign=first-time-unemployment-claims-tick-down-to-751000-slightly-ahead-of-expectations Thu, 05 Nov 2020 15:06:45 +0000 http://rebusinessonline.com/?p=277564 WASHINGTON, D.C. — First-time claims for unemployment insurance totaled 751,000 for the week ending Oct. 31, a decrease of 7,000 from the previous week. This is the third straight week the number of jobless claims was below 800,000. Economists surveyed by Dow Jones anticipated the number of workers filing for benefits to total 741,000 for […]

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Yum Brands Reports 8 Percent Revenue Growth in Third Quarter https://rebusinessonline.com/yum-brands-reports-8-percent-revenue-growth-in-third-quarter/?utm_source=rss&utm_medium=rss&utm_campaign=yum-brands-reports-8-percent-revenue-growth-in-third-quarter Fri, 30 Oct 2020 14:51:40 +0000 http://rebusinessonline.com/?p=277132 LOUISVILLE, KY. — Yum Brands reported third-quarter revenue of $1.45 billion, up 8 percent from the same period a year ago. Taco Bell reported the highest positive year-over-year growth, recording $501 million in sales, a 2 percent increase from third-quarter 2019. Pizza Hut’s sales also grew, reaching $243 million, a 1 percent increase. Though KFC […]

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US GDP Grows 33.1 Percent in Third Quarter, Beating Expectations https://rebusinessonline.com/us-gdp-grows-33-1-percent-in-third-quarter-beating-expectations/?utm_source=rss&utm_medium=rss&utm_campaign=us-gdp-grows-33-1-percent-in-third-quarter-beating-expectations Thu, 29 Oct 2020 16:41:37 +0000 http://rebusinessonline.com/?p=277050 WASHINGTON, D.C. — The U.S. gross domestic product (GDP) grew 33.1 percent in the third quarter on an annualized basis. Economists surveyed by Dow Jones expected growth to reach 32 percent. The third-quarter growth is a stark contrast to the second quarter, when GDP plummeted 31.4 percent due to the coronavirus shutdown. The most recent […]

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Target Introduces More Safety Measures Ahead of Holiday Season https://rebusinessonline.com/target-introduces-more-safety-measures-ahead-of-holiday-season/?utm_source=rss&utm_medium=rss&utm_campaign=target-introduces-more-safety-measures-ahead-of-holiday-season Thu, 22 Oct 2020 14:48:04 +0000 http://rebusinessonline.com/?p=276494

MINNEAPOLIS — Ahead of the holiday shopping season, Minneapolis-based Target Corp. is adding more safety measures for shoppers in response to the ongoing COVID-19 pandemic. Customers can download the Target app to utilize contactless payment options and employees throughout the store will have handheld checkout devices to make purchases more convenient. Shoppers can even reserve […]

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First-Time Weekly Jobless Claims Fall to 787,000, A New Pandemic Low https://rebusinessonline.com/first-time-weekly-jobless-claims-fall-to-787000-a-new-pandemic-low/?utm_source=rss&utm_medium=rss&utm_campaign=first-time-weekly-jobless-claims-fall-to-787000-a-new-pandemic-low Thu, 22 Oct 2020 13:49:46 +0000 http://rebusinessonline.com/?p=276461 WASHINGTON, D.C. — The number of Americans filing for first-time unemployment insurance fell to 787,000 for the week ending Oct. 17, according to the U.S. Department of Labor. The most recent figure is the lowest weekly total since the onset of the coronavirus pandemic in mid-March but is still about four times higher than February […]

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CBRE: More Than 5 MSF of Office Sublease Available in Metro Atlanta, Highest Total Since 2010 https://rebusinessonline.com/cbre-more-than-5-msf-of-office-sublease-available-in-metro-atlanta-highest-total-since-2010/?utm_source=rss&utm_medium=rss&utm_campaign=cbre-more-than-5-msf-of-office-sublease-available-in-metro-atlanta-highest-total-since-2010 Wed, 21 Oct 2020 15:51:49 +0000 http://rebusinessonline.com/?p=276421 ATLANTA — There has been 2.5 million square feet of sublease space added to the Atlanta office market since the beginning of March, bringing the total to more than 5 million square feet, the highest the metro area has posted since 2010, a recent study from CBRE has found. Nearly 1.1 million square feet was […]

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US Retail Sales Rise 1.9 Percent in September, Beating Economists’ Expectations https://rebusinessonline.com/us-retail-sales-increase-1-9-percent-in-september-says-commerce-department/?utm_source=rss&utm_medium=rss&utm_campaign=us-retail-sales-increase-1-9-percent-in-september-says-commerce-department Mon, 19 Oct 2020 16:04:57 +0000 http://rebusinessonline.com/?p=276226 WASHINGTON, D.C. — Retail sales increased 1.9 percent month-over-month in September, the U.S. Commerce Department reports. The most recent figure is 70 basis points higher than what economists surveyed by MarketWatch had forecast. Total sales reached $549.3 billion in September, which marked the fifth consecutive month of retail sales growth amid the coronavirus pandemic. In […]

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MBA: 6.2M Households Miss Mortgage or Rent Payments in September; 26M Student Debt Borrowers Miss Loan Payments https://rebusinessonline.com/mba-6-2m-households-missed-mortgage-or-rent-payments-in-september-26m-student-debt-borrowers-missed-loan-payments/?utm_source=rss&utm_medium=rss&utm_campaign=mba-6-2m-households-missed-mortgage-or-rent-payments-in-september-26m-student-debt-borrowers-missed-loan-payments Mon, 19 Oct 2020 16:01:42 +0000 http://rebusinessonline.com/?p=276218 WASHINGTON, D.C. — More than 6 million households missed a mortgage or rent payment in September, according to the Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA). The number of homeowners who missed a payment last month stood at 3.4 million, or 7.1 percent of all U.S. homeowning households. The number of renters […]

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Detroit Casinos Report 21.7 Percent Drop in September Revenues https://rebusinessonline.com/detroit-casinos-report-21-7-percent-drop-in-september-revenues/?utm_source=rss&utm_medium=rss&utm_campaign=detroit-casinos-report-21-7-percent-drop-in-september-revenues Fri, 16 Oct 2020 13:31:32 +0000 http://rebusinessonline.com/?p=276095 DETROIT — September aggregate revenue for slots and table games at Detroit’s three casinos was down 21.7 percent compared with September 2019, according to the Michigan Gaming Control Board. The casinos reported $87.9 million in revenue while continuing to operate at 15 percent capacity due to COVID-19 health concerns. MotorCity Casino and Greektown Casino reopened […]

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First-Time Unemployment Claims Jump to 898,000 https://rebusinessonline.com/first-time-unemployment-claims-jump-to-898000/?utm_source=rss&utm_medium=rss&utm_campaign=first-time-unemployment-claims-jump-to-898000 Thu, 15 Oct 2020 15:21:55 +0000 http://rebusinessonline.com/?p=276018 WASHINGTON, D.C. — First-time unemployment claims totaled 898,000 for the week ending Oct. 10, according to the U.S. Department of Labor. Economists surveyed by Dow Jones expected the weekly figure to come in at 830,000 claims. The most recent figure is an increase of 53,000 claims from the previous week’s revised total of 845,000. The […]

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