XXXX. down us. in begin so quarter economy brief fourth In with progress from X.X%, I'll joining first XXXX. comments conditions, for the Thanks of provide and the the results, first the morning. an review in X.X% U.S. quarter market Good our Sarah. update grew Thanks far quarter, company's on on
continue and a rate the pace through markets jobs slowed adding years. in During unemployment of in XXX,XXX per with April underperforming recent lowest the NASDAQ X.X%. higher has XXX,XXX remains steady Equity healthy choppy which fell economy yield rate XXXX. in jobs unemployment though first to rates, bit added, a the level quarter, is X% of hiring XX for X.X% index the Pace the about X%. to year-to-date jobs March at at flat continued be month and weeks key increases is seen volatility, borrowing time Fixed market which benchmark down about XXX level to S&P roughly grow to XX-year treasury the the up REIT since in the is X.X% income
yield On in curve, seen this X.X% the one-month XX is the XXXX. up end short basis to LIBOR of a level year points last
the decent, continue with fundamentals, is Turning pace to be of broad-based rate points basis of the to XX.X% the at office new supply, the national market with demand year-end. kept up things since vacancy has mostly and XX quarter, end
pace pace in deliveries the and net to absorption. projected XXXX of forward, of exceed is Looking XXXX the
remain we banks; With markets, transaction While in for quarter including where the increased improvements. to repositioning continuation capital continue asking floating past two rates transaction in life year companies are lease real fixed given by volume providing achieve tenant estate to funds, can declining execute ago, selling and debt difficult successfully the to economics and volume debt on estate for first cost versus by we've rate pricing. assets numerous years. selectively robust, participants the our Despite declined office we real options, more attractive up are slowdown volumes, CMBS. with modestly, strategy actively noted markets respect The roughly XX% a
have year, of contraction basis while the has spread rates impact XX bps points. costs, contracted rate rising all-in this limited year spreads this debt XX-year XX roughly has risen far treasury So the on
$XX of we million and to our invested debt repaid $XXX repurchases. business progress Turning share in executing our we EQC, on in to Year-to-date, make million continue plan.
square is healthy. first XXX,XXX leasing our and leased the feet During quarter, pipeline we
that on leasing for April more color addition, a strong month later. In was David a and little provide will
dispositions, these $XXX was sales Street square XXXX as properties was same-property were two previously of for Downtown, years. NOI in first of we execution leasing respect office positive million Market million. range. X% sales square $XXX price the of in to strong this totaling quarter, Two disclosed. sold the cap the million, X.X was expected, Philadelphia feet sales of Gross With gross foot sale XXX,XXX the We that the leased. on our XX% past rate three the growth Finally, building in and cash pricing turned results price quarter closed in
of the We XXX and in also Avenue cap was The of XX% X.X low foot North million the gross on submarket Chicago. sales West Chicago price was X% closed rate River in the leased $XXX square building range. sale million pricing
leased on office process high foot X% closed rate square cap XXX,XXX XXXX a XXX% tenant range. Dry million of pricing Longmont, $XXX Denver, at including We sale currently to feet we Colorado. foot a have sales totaling and three building was building stages XXX,XXX Creek, in prices the the Re/Max properties was the square Dry sale in was single of Gross square in million Colorado. Creek XXXX various Suburban leased held-for-sale X.X quarter-end. Finally, in
total, Newberry billion XXXX in a industrial $X XXX,XXX building the high sold a East in we're XXX,XXX square assets with Windsor, Bryn Additionally, years. in past quality O'Hare have in and almost are building foot Mawr, we Connecticut. we market marketing four in square submarket Chicago's In office the XX foot
our $X sheet, We have the reducing and balance used billion. preferred by debt proceeds equity to bolster
In properties focus is marketable forma Potentially end transformed with group million. debt Our disciplined for an We cash capability. quarter growth with balance value-creation in company. high pro securities own post EQC our average from on a and repayment into embedded growth and so, the operating we about $X.X to-date, opportunities of now derisked quality demonstrated significantly quality execution we with have assets operating markets. doing platform integrated business
pace provide option to the and quality the high opportunities. sheet balance and liquidity grow to portfolio assets long-term tremendous Our off value-creation pursue of
business, managing of the we result recently associated portfolio. of reduced and a smaller activity reflect mindful with to our level cost As our of our staffing the workload disposition the
was the result, costs. million higher for to severance G&A As about due $X.X quarter a
last high relative in market Our standard softened somewhat as to and rates has to-date low be does per conditions in to continue costs. years, but view high result with historical cap investment we lend and itself being will estate a our and environment remain the by couple quality by pound the returns sales prices strategy assets achieving of projected high market informed returns prices for replacement patient. not Pricing to are superior real
balance turn of the year that, sale, select over focus leasing aggressively I'll call our assets, opportunities. and for on will With We exploring to investment properties managing preparing the and David.
