139. Despite Dismal Retail Earnings, Green Shoots in CRE and CMBS
In this week's episode, we dive into the latest on consumer sentiment, which declined in early May to the lowest since 2011 as persistent concerns over inflation dimmed Americans' views on the economy. We also examine retail earnings reports, showing a slump in many major retail stores, yet a top performance from home improvement stores. In weekly CRE news, we review negative office stories and hotel transactions.