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REAL ESTATE NEWS

Sale of Largest San Francisco Hotels Pushed Back to 2025

Jul 26, 2024 - Handed back to lender, value of Hilton, Parc 55 has dropped by $1B....


Industrial Construction Starts Fall In First Half of 2024

Jul 26, 2024 - Amount of new stock coming to market will continue to decline in coming years....


Community Banks Say, 'CRE Crisis? What Crisis?'

Jul 26, 2024 - Main Street institutions say their loans have been to buildings in use, not largely empty office towers....


Innovation Districts Winning Over Younger Generation Workers

Jul 26, 2024 - In-person work isn't dead....


Pace of Student Housing Leasing is Slowing

Jul 26, 2024 - Also advertised rent growth for the schools Yardi tracks has continually moderated throughout the leasing season...


Vanguard Says Maybe the Fed Will Cut Rates Once This Year

Jul 26, 2024 - Continued economic growth, labor momentum, and stubborn inflation may not give the Fed the space to cut rates....


What Will $1,500 Fetch for Apartment Renters?

Jul 26, 2024 - In large coastal hubs, $1,500 is enough to rent a small studio apartment....


CRE Firms Make Plans for Stabilizing Environment

Jul 26, 2024 - Forty percent of CRE entities say they are focusing on maintaining an existing portfolio in the near term....


Industrial and Retail Owners Will Find Electric Truck Charging Hard

Jul 25, 2024 - Consumer EV charging is enough of a challenge. Medium- and heavy-duty electric vehicle charging is even worse....


Rents Will Eventually Moderate in Phoenix's Strong Industrial Market

Jul 25, 2024 - Its growth is due to its West Coast location and solid infrastructure....


Generative AI's Popularity Could Cause Their Data Models to Collapse

Jul 25, 2024 - At some point, the software could begin training on the data it creates itself and forget about the results....


Fund to End Homelessness Raises $135M to Buy Apartments

Jul 25, 2024 - "What we're doing is using lower-cost equity."...


Pushing Chip Manufacturing Has Add-On Multifamily Benefits

Jul 25, 2024 - The minute you stimulate one part of the economy through an industry, other parts come in to complement it....


Criticized Bank CRE Loan Rates Show Rising Risks

Jul 25, 2024 - Some criticized loan rates spike in major metros....


Multifamily Rent Rebound Continues in Los Angeles

Jul 25, 2024 - Rents tick up for second consecutive quarter, occupancy steady....


FEATURED PROJECT

THE MARLETTE

MULTIFAMILY DEVELOPMENT   |   CARSON CITY, NV   |   140 APARTMENTS
COMPLETED MAY 2024

The Marlette is a luxury 140-unit multifamily project located in Carson City, NV within a Qualified Opportunity Zone (QOZ). The project will create much needed housing to a supply constrained market. The location offers tenants easy highway access, proximity to major employment centers and schools, and direct access to all the amenities of the Sierra Nevada. Community amenities include a clubhouse, pool, spa, playground, dog park, and significant manicured open space.

WEEK AHEAD
Existing Home Sales, US S&P Manufacturing PMI
US Existing Home Sales is a monthly report released by the National Association of Realtors (NAR) that measures the number of previously owned homes sold during the month. Markets will look for signs of further cooling in the US S&P Manufacturing PMI to fuel bets for Fed rate cuts this year. A lower-than-expected number, especially if it is below 50, could result in strength in US stocks and weakness in the dollar.

CAPITAL MARKET INDICES
FED Prime Rate:
8.500%
FED Funds:
5.500%
5 Yr. Treas:
4.090%
7 Yr. Treas:
4.131%
10 Yr. Treas:
4.207%
Last Update: Friday, July 26, 2024



DATA DECK FOR Jul 22 - Jul 26
DATE REPORT IMPACT FORECAST PREVIOUS
Jul 23 Existing Home Sales Medium 3.99M 4.11M
Jul 23 Richmond Manufacturing Index Medium -7 -10
Jul 24 Goods Trade Balance Low -98.9B -100.6B
Jul 24 Prelim Wholesale Inventories m/m Low 0.4% 0.6%
Jul 24 Flash Manufacturing PMI High 51.6 51.7
Jul 24 Flash Services PMI High 54.7 55.1
Jul 24 New Home Sales Medium 639K 619K
Jul 24 Crude Oil Inventories Low -4.9M
Jul 25 Advance GDP q/q High 2.0% 1.6%
Jul 25 Unemployment Claims High 239K 243K
Jul 25 Advance GDP Price Index q/q Medium 2.6% 3.1%
Jul 25 Core Durable Goods Orders m/m Medium 0.2% -0.1%
Jul 25 Durable Goods Orders m/m Medium 0.3% 0.1%
Jul 25 Natural Gas Storage Low 10B
Jul 26 Core PCE Price Index m/m High 0.1% 0.1%
Jul 26 Personal Income m/m Low 0.4% 0.5%
Jul 26 Personal Spending m/m Low 0.3% 0.2%
Jul 26 Revised UoM Consumer Sentiment Medium 66.4 66.0
Jul 26 Revised UoM Inflation Expectations Low 2.9%