2022

David Freitag is an executive vice president and Los Angeles branch manager at DAUM Commercial Real Estate Services, where he specializes in consulting and corporate services in industrial and commercial properties. Throughout his impressive career, Freitag has achieved a personal transaction value in excess of $2.1 billion and totaling over 23 million square feet of space. His range of clients includes...

OCTOBER CPI REPORT COOLER THAN EXPECTED Inflation in October was up 7.7 percent year-over-year, down from 8.2 percent in the previous month. The Core CPI, a less volatile measure that excludes energy and food prices, increased 6.3 percent, down from 6.6 percent in the year through September. Even though still running at a historically high pace, the CPI at 7.7 percent is less than the 7.9 percent that...

Despite the lower gas prices, which have fallen for 91 straight days, inflation rose 8.3 percent in August from the prior year. Compared to 8.5 percent in July. The August report is disappointing as the economists and experts expected a more pronounced decline in CPI growth. On the news, the S&P 500 dropped over 4 percent, the largest drop in the index since June 2020. The decline in fuel...

GDP Declines for the Second Consecutive Quarter: Are We in a Recession? On July 28th, the first reading on Q2 GDP was released showing a contraction of 0.9 percent. This is following the Q1 contraction of 1.6 percent. The decline of GDP for two consecutive quarters is widely considered to be a recession. In the US, however, a definition is more expansive. The National Bureau of Economic Research, a...