THE KAUFMAN REPORT What the immigration-driven collapse in break-even employment growth means for developers, operators, and anyone reading payroll reports right now.Everyone’s watching the jobs numbers and asking the wrong question.The headline payroll prints have...
THE KAUFMAN REPORTDistressed Office Is Finally Trading. Here’s Where I’m Looking this Morning.The bid-ask standoff is breaking. And for investors paying attention, the window is open.After years of sellers holding at fantasy valuations and buyers refusing to blink,...
The pipeline has been cut nearly in half. That’s not a crisis for retail landlords — it’s an accidental moat.The headlines keep calling retail dead. The supply data is telling a completely different story.Only 64.2 million square feet of retail was under construction...
Record leasing. Record vacancy. Both are true. Here’s what that actually means.The headline writers don’t know what to do with this one. Office leasing just posted its best quarter since mid-2018 — 120 million square feet signed in Q1 2026, a 25% jump year-over-year,...
Oracle laid off 30,000 people last week. OpenAI raised $122 billion. Neither of these is good news.Let’s start with Oracle.Thirty thousand workers. Gone. That’s roughly 18% of their global workforce, accounting for about $8 billion a year in salaries. Simultaneously,...
Two landmark legal rulings dropped last week. Both will have massive ramifications for years to come.Last Thursday, a Los Angeles jury ruled that Meta and YouTube were negligent for designing addictive features — infinite scrolling, autoplay videos, beauty filters —...
