Welcome back to the week, investors. In today’s commercial real estate news—it’s all about amenities when it comes to student housing, Starbucks announces an aggressive expansion, and James Bullard would like to only see one interest rate hike this year.
Student Housing Developers Struggle to Provide the Right Amenities in Tight Spaces
There’s a war for student housing, and amenities are the weapons. Developers are learning to integrate the maximum number of popular amenities into tighter spaces. These, as well as a close distance to campus, signal strong future returns.
Starbucks in Hiring Spree Fueled by Continuing Store Expansion
Starbucks plans on opening over 15,000 stores in the US and abroad by the end of 2021. To fuel its aggressive expansion, the coffee giants plans on adding 100,000 younger employees to its workforce.
One rate hike by the Federal Reserve is “okay,” but any more is unnecessary right now, said St. Louis Federal Reserve Bank President James Bullard last Friday. He bases his stance on Trump’s incoming policies. He think it’s wise if the Fed waits to see how they impact the economy.