Consumer Spending, CRE Debt, & Home Prices | Economic Update – January 3
1. Q3 GDP & CONSUMER SPENDING REVISED UP The Bureau of Economic Analysis reported an upward revision to Real GDP in the third quarter of 2022, mainly reflecting a revised total in U.S. consumer spending. The latest estimate shows a 3.2% annualized increase in Real...
SVN Commercial Advisory Group manages $17.5 million sale of industrial portfolio
Complex of five Industrial Boulevard properties contains more than 220,000 square feet Sarasota, Fla. (December 30, 2022) – SVN Commercial Advisory Group has managed the $17.5 million sale of a property portfolio containing five industrial buildings in...
Interest Rate, Inflation, & Jobs | Economic Update – December 16
FOMC INTEREST RATE DECISION On December 14th, the Federal Reserve’s policy-setting committee raised their target Federal Funds Rate (FFR) range by 50 basis points to 4.25%-4.50%, slowing their speed of rate increases after four consecutive 75 basis point hikes — an...Read more“These will be some beautiful units in a structure fronting the roundabout,” Migone said. “It’s a project we expect to have a tremendous impact on the area, which is designated as an opportunity zone – quite an addition.”