REAL ESTATE NEWS
COMPANY NEWS
Minneapolis, MN (March 26, 2018) - KB Exchange Trust (“KB”), a division of Kingsbarn Realty Capital, announced the acquisition of a 52,263-square foot, subdivided portion of Gaviidae Common, a 255,000-square-foot specialty retail and office center in downtown Minneapolis.
WEEK AHEAD
Dow Jumps Nearly 300 Points
The Dow industrials climbed back above 25,000 and the S&P 500 finished at a roughly nine-week high as investors applauded easing trade animosities between the U.S. and China. Meanwhile, the Russell 2000 index of small capitalization stocks booked a fourth record close in a row.The S&P 500 SPX, +0.74% rose 20.04 points to 2,733.01, a gain of 0.7%. All 11 primary S&P 500 sectors closed in the green, with industrials—the sector with some of the highest correlation to trade issues—gaining 1.5%.
DATA DECK FOR May 21 - May 25
| DATE | REPORT | FOR | FORECAST | PREVIOUS |
| May 23 | MBA Mortgage Index | 05/19 | NA | -2.7% |
| May 23 | New Home Sales | Apr | 677K | 694K |
| May 23 | Crude Inventories | 05/19 | NA | -1.4M |
| May 23 | FOMC Minutes | May | NA | |
| May 24 | Initial Claims | 05/19 | 220K | 222K |
| May 24 | Continuing Claims | 05/12 | NA | 1707K |
| May 24 | FHFA Housing Price Index | Mar | 0.6% | 0.6% |
| May 24 | Existing Home Sales | Apr | 5.57M | 5.60M |
| May 24 | Natural Gas Inventories | 05/19 | NA | +106 bcf |
| May 25 | Durable Orders | Apr | -1.6% | 2.6% |
| May 25 | Durable Goods –ex transportation | Apr | 0.6% | 0.0% |
| May 25 | Michigan Sentiment - Final | May | 98.8 | 98.8 |