Los Angeles
Durable Goods Orders Rise 0.5% in September as Shipments Point to Solid Q3 Capex Momentum
Core capital goods orders climb 0.9 percent, supporting Wells Fargo Economics’ 6 percent annualized equipment-spending estimate A year defined by uneven business investment...
Hudson Pacific Executes 1-for-7 Reverse Stock Split in Attempt to Boost Share Price
Los Angeles-based REIT consolidates shares in bid to regain investor confidence and meet exchange requirements Hudson Pacific Properties has pulled the trigger on...
Retail Sales Rose Just 0.2% in September as Control Group Slips 0.1%
Wells Fargo Economics says a soft September keeps holiday spending forecasts intact but leaning toward the lower end of the 3.5 percent–4 percent...
Consumer Confidence Falls as Job Market Concerns Overshadow Lower Gas Prices
November reading marks second-lowest level in four years while labor differential continues decline American consumers are growing increasingly uneasy about their economic prospects,...
Data Center Construction Spending Surges 26% YoY to $41B as AI Infrastructure Build-Out Accelerates
Wells Fargo Economics report shows investment nearly quadrupled since 2021, though growth rate moderates from January’s 44 percent peak Data-center development, once a...
Existing Home Sales Rise 1.2% in October as Lower Mortgage Rates Offer Modest Relief
Inventory edges higher, demand firms, and the Midwest leads the month’s regional gains A slight easing in borrowing costs this fall has been...
September Jobs Report Shows 119,000 Nonfarm Payroll Gain as Unemployment Climbs to 4.4%
Delayed data reveals continued labor market softening, leaving Fed’s December rate decision uncertain The long-delayed September payroll numbers arrived with an unusual sense...
U.S. Economy Positioned for Steadier Growth as Policy Uncertainty Recedes
Wells Fargo forecasts 2.3 percent GDP expansion in 2026 as fiscal stimulus, monetary easing and stabilized trade framework replace year of escalating tariffs...
Construction Spending Posts Third Monthly Gain as Residential Activity Rises 0.8% in August
Home improvement drives residential growth while nonresidential sector continues downward trend despite data center resilience After several months of subdued activity across building...
Hudson Pacific Properties Announces Reverse Stock Split
LOS ANGELES- Hudson Pacific Properties, Inc. (“Hudson Pacific” or the “Company”) (NYSE: HPP) today announced that it will effect a 1-for-7 reverse stock split (the...
Commercial Real Estate Construction Posts First Quarterly Gain Since 2022
Office and industrial starts drive Q3 2025 uptick after three years of decline The commercial real estate development sector is showing tentative signs...
Hotel Conversions Reshape America’s Rental Market as Hospitality Struggles Mount
The American hotel industry’s post-pandemic malaise is creating an unexpected windfall for apartment developers. In 2024, more than 9,100 hotel rooms were transformed...
