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Report reveals strongest and weakest retail real estate markets
Seattle -- New York City, Washington, D.C., San Francisco and Seattle, top the list of the strongest retail real estate markets, according to Colliers International’s “Third Quarter 2011 North American Retail Highlights” report. The weakest markets include Phoenix, Detroit, Atlanta and Las Vegas, which continue to experience vacancy rates at or above 15%.
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Report: Announced U.S. job cuts rose 13% from year ago
Chicago -- A Wednesday report by Challenger, Gray & Christmas said that job cuts announced by U.S. employers increased in October from the same month last year.
According to the report, planned firings rose 13% to 42,759, from 37,986 in October 2010, boosted by job cuts by government agencies and financial companies.