Good morning, investors. In today’s commercial real estate news, Sears may be in bigger trouble than we all thought, Washington DC goes green, and Millennials forsake NYC and SF for more profitable pastures.
Sears is in hot water and their boat has sprung a leak. The 131 year old suffered stock shock after announcing “substantial doubt” about its ability to continue operating. Despite the cloudy future, Sears’ CEO promised to keep searching for solutions.
Washington DC has more LEED-certified buildings than any other city in the US. The capital has 117 green-buildings, 3% of the total certified buildings in America. LEED-certified buildings have rocketed in popularity over the course of the last several years.
Salt Lake City, Miami and Orlando trump New York City and San Francisco as the cities millennials love to live in. Growing economies in the large cities offer opportunities for millennials to enter the workforce.