Construction, Foreclosures, Interest Rates | Economic Update

Construction, Foreclosures, Interest Rates | Economic Update

by | Jun 17, 2024

INTEREST RATES The FOMC voted to leave rates unchanged at its June policy meeting, which aligned with market expectations. On Wednesday, markets braced for the convergence of May’s Consumer Price Index data, which arrived just a few hours before the Federal Reserve’s...
CRE Loans, Luxury Retail, AI | Economic Update

CRE Loans, Luxury Retail, AI | Economic Update

by | Jun 4, 2024

CRE LOAN MODIFICATIONS RISE AMID HIGH-RATE ENVIRONMENT According to a new report by Trepp, CMBS loan modifications rose dramatically in 2023 as a significant swell of loans are set to mature in the coming quarters. Modification volumes peaked mid-year 2023, climbing...
Q1 GDP, CRE Outlook & Foreclosures | Economic Update

Q1 GDP, CRE Outlook & Foreclosures | Economic Update

by | Apr 26, 2024

Data shows CRE foreclosure filings rose by 117% year-over-year through March 2024, with roughly 625 CRE foreclosures in just the past month. First quarter GDP fell short of most estimates. CRE Prices fell 3.0% year-over-year through March and just 0.2% from February....
Office Activity, Blackstone Investments | Economic Update

Office Activity, Blackstone Investments | Economic Update

by | Apr 16, 2024

Blackstone has been reported to have purchased Apartment Income REIT (AIR Communities) for upwards of $10 billion, putting them on the Investment “Offensive.” Office activity implications show the sector may have hit its floor. Read more in the economic...