Los Angeles
Existing Home Sales Post Modest February Rebound but Affordability Headwinds Persist
A pickup in single-family resales drove the monthly gain, though condo sales contracted for a second straight month and mortgage application data signals...
U.S. Consumer Spending Held Firm in January Despite Headline Retail Dip
Underlying U.S. consumer spending started 2026 on steadier ground than a top-line retail sales decline suggests, though early February data point to a...
U.S. Payrolls Contract by 92,000 in February as Labor Market Stumbles, Fed Outlook Dims
Wells Fargo Economics says one-off factors only partially explain the unexpected decline, with the Iran conflict adding new complexity to an already uncertain...
US Public Pension Funds Deploy Over $4.7 Billion in Real Estate and Infrastructure Commitments
CalSTRS leads a wave of capital deployment as major retirement systems target industrial, multifamily, and value-add strategies heading into 2026. A string of...
California Commercial Real Estate Enters 2026 With Stabilizing Fundamentals and Selective Momentum
The latest Allen Matkins/UCLA Anderson Forecast survey finds industrial and multifamily sectors outperforming while office recovery remains slow and uneven across the state’s...
Wells Fargo Forecasts Modest Housing Recovery in 2026, but Affordability Remains at Historic Lows
A new Wells Fargo Economics report projects incremental gains in home sales and price appreciation, even as the national home price-to-income ratio remains...
U.S. Manufacturing Holds Expansion Streak as Prices Paid Surge on Steel, Aluminum, and Tariff Pressures
The ISM manufacturing index posted back-to-back expansionary readings for only the second time since 2022 U.S. manufacturing activity remained in expansion territory for...
California Secures $18.4MM in Federal Transit Funding Ahead of FIFA World Cup 2026
LA Metro and VTA to lead transit preparations at SoFi Stadium and Levi’s Stadium as state seeks additional resources to close operational funding...
Wells Fargo Forecasts Sharp February Payroll Slowdown as January Jobs Surge Fades
The blockbuster January jobs number was likely a mirage, per the assessment of economists at Wells Fargo Economics, who are projecting nonfarm payroll...
Construction Spending Finds Footing at End of 2025, Headwinds Loom for 2026
Residential gains and data center investment helped stabilize total outlays in December, even as nonresidential categories weakened and building cost inflation accelerated to...
Kilroy Realty Corporation Announces Board Refreshment
LOS ANGELES–Kilroy Realty Corporation (NYSE: KRC) (“Kilroy” or the “Company”) today announced leadership changes on the Company’s Board of Directors (the “Board”) and...
March Rate Cut Unlikely as Labor Market Stabilizes, Wells Fargo Sees 2 More Cuts in 2026
Solid consumer spending, 70K average monthly payroll growth and core PCE easing to 2.6 percent by Q4 shape updated U.S. outlook After a...
