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REAL ESTATE NEWS

What CRE Can Learn From Florida Migration Patterns Following Hurricanes

Nov 6, 2024 - Historically, hurricanes have not deterred people from living in Florida,....


Blackstone Buys Retail Opportunity in $4B Deal

Nov 6, 2024 - The portfolio includes 93 high-quality, grocery-anchored retail properties....


Standard Communities Expands Affordable Housing Portfolio in $1B Deal

Nov 6, 2024 - The deal involved public-private partnerships with multiple agencies....


Rising Costs Slow Migration to Southern States

Nov 6, 2024 - Climate change and immigration are also shifting patterns....


California Voters Reject Rent Control Expansion

Nov 6, 2024 - Margin of defeat for Proposition 33 is larger than referendums in 2018, 2020....


Fannie Mae Admits Multifamily Loan Fraud Losses in SEC Filing

Nov 6, 2024 - Weaknesses in its processes has led to actual losses....


El-Erian Warns: Don't Expect Prices to Fall, Despite Cooling Inflation

Nov 6, 2024 - If they did, it could be a bigger economic problem than people realize....


Final Days to Nominate a CRE Rainmaker!

Nov 6, 2024 - Do you know an accomplished industry professional or company that excels in debt, equity and finance? Nominate a candida...


Employers Emphasize Experience over Efficiency to Measure CRE Success

Nov 6, 2024 - Meanwhile, office utilization rates are below 40%....


Peakstone Realty Buys 51 IOS Assets for $490M

Nov 6, 2024 - The portfolio covers 14 states....


CMBS Delinquency Rate Nears 6%

Nov 6, 2024 - The delinquency rate for office jumps by more than 100 basis points....


TPG, Andover Properties Secure $315M for Self-Storage Portfolio

Nov 6, 2024 - The portfolio covers more than 21,000 units....


Multifamily Absorption Hits Second-Highest Level on Record

Nov 6, 2024 - However, apartment rents remain flat....


Who Would Be Best for CRE as President?

Nov 5, 2024 - CRE pros say policies aren't clear and the big question will be Congress....


Five Top CRE Investment Markets

Nov 5, 2024 - DFW, Miami, Houston, Tampa/St. Petersburg, and Nashville were in the top five....


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
This week, the market is poised for significant activity with two major events on the horizon: the U.S. presidential election on Tuesday and the Federal Reserve’s interest rate decision on Thursday. Investors closely monitor these events, as their outcomes could substantially impact market direction and sentiment. Additionally, earnings reports from major companies like Nvidia, Walt Disney, and Alibaba will provide further insights into corporate performance and economic health. The combination of political, monetary, and corporate factors suggests a potentially volatile week ahead, with market participants bracing for rapid changes and significant movements.

CAPITAL MARKET INDICES
FED Prime Rate:
8.000%
FED Funds:
5.000%
5 Yr. Treas:
4.107%
7 Yr. Treas:
4.189%
10 Yr. Treas:
4.447%
Last Update: Wednesday, November 6, 2024



DATA DECK FOR Nov 4 - Nov 8
DATE REPORT IMPACT FORECAST PREVIOUS
Oct 29 Goods Trade Balance Low -96.1B -94.3B
Oct 29 Prelim Wholesale Inventories m/m Low 0.2% 0.2%
Oct 29 S&P/CS Composite-20 HPI y/y Medium 4.6% 5.9%
Oct 29 HPI m/m Low 0.2% 0.1%
Oct 29 CB Consumer Confidence High 99.2 98.7
Oct 29 JOLTS Job Openings High 7.92M 8.04M
Oct 30 ADP Non-Farm Employment Change High 101K 143K
Oct 30 Advance GDP q/q High 3.0% 2.8%
Oct 30 Advance GDP Price Index q/q Medium 2.0% 2.3%
Oct 30 Pending Home Sales m/m Medium 0.9% 0.6%
Oct 30 Crude Oil Inventories Medium 5.5M
Oct 31 Challenger Job Cuts y/y Low 53.4%
Oct 31 Core PCE Price Index m/m High 0.3% 0.1%
Oct 31 Employment Cost Index q/q High 0.9% 0.9%
Oct 31 Unemployment Claims High 231K 227K
Oct 31 Personal Income m/m Low 0.3% 0.2%
Oct 31 Personal Spending m/m Low 0.4% 0.2%
Oct 31 Chicago PMI Medium 47.1 46.6
Oct 31 Natural Gas Storage Low 80B
Nov 1 Average Hourly Earnings m/m High 0.3% 0.4%
Nov 1 Non-Farm Employment Change High 111K 254K
Nov 1 Unemployment Rate High 4.1% 4.1%
Nov 1 Final Manufacturing PMI Low 47.9 47.8
Nov 1 ISM Manufacturing PMI High 47.5 47.2
Nov 1 ISM Manufacturing Prices Medium 48.9 48.3
Nov 1 Construction Spending m/m Low -0.1% -0.1%
Nov 1 Wards Total Vehicle Sales Low 15.7M 15.8M