Business

The Consumer Price Index was up 3.5 percent over the year through March, up from 3.2 percent in February. The core inflation, which excludes volatile food and energy prices, remained steady at 3.8 percent, surpassing the consensus prediction of a 3.7 percent rise. The persistently high core rate indicates underlying inflationary pressures, unchanged from the previous month, defying expectations of a...

            Inflation was up 3.2 percent over the year through February, up from 3.1 percent in January – a monthly increase of 0.4 percent. The core inflation, the measure that excludes volatile energy and food prices, was up 3.8 percent, greater than expected but down from last month’s 3.9 percent. The owners’ equivalent rent, which...

Inflation was up 3.4 percent year-over-year through December, up from 3.1 percent in November – a monthly increase of 0.3 percent. The core inflation, a measure that excludes energy and food prices, was up 3.9 percent over the twelve months through December, down from 4.0 percent in November. This marks the first time the core index dropped below 4 percent since May of 2021. The monthly core inflation...

Inflation Higher than Expected: August ReportInflation was up 3.7 percent year-over-year through August, up from 3.2 percent in July – a monthly increase of 0.6 percent. The core inflation, a measure that excludes energy and food prices, was up 4.3 percent over the twelve months through August, down from 4.7 percent in July. The monthly core inflation in August was 0.3 percent – a bigger increase than...

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...

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...

Many Californians have had their eyes on the fate of a number of propositions. Among them is Proposition 15, which called for increased property taxes on commercial and industrial properties. Although the result has not yet been certified, the reported vote tally indicates that Proposition 15 will be defeated by a 51.86% to 48.14% margin. What does Proposition 15 victory mean? For the past 40...

OverallSouthern California’s Industrial sector has been one of the top industrial submarkets for commercial assets. Momentum of the industrial market is due to the increased demand in e-commerce, manufacturing and warehousing to store inventory. As we have seen many changes in various industries due to COVID-19, the industrial sector has continued to retain high occupancy and demand during these...

As we begin to prepare for recovery it is important that we begin to keep employees health and safety in mind as we adjust to the new normal. Below are a few tips for all industrial-related companies as they begin a successful return to work. Prepare Your Buildinga. Review municipal occupation health and safety guidelinesb. Ensure safety of all employees involved in preparing the building with personal...