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REAL ESTATE NEWS

Women of Influence Nominations Are Open

Dec 20, 2024 - Nominate a candidate for the 2025 Women of Influence Awards. The chosen professionals will be honored at GlobeSt.'s annu...


New York, Los Angeles Set for Peak Apartment Deliveries in 2025

Dec 20, 2024 - Apartment deliveries are expected to grow 84.5% in New York and 139% in Los Angeles....


Empty Offices to Become 1M SF Medical Hub in Santa Clara

Dec 20, 2024 - Sutter Health, Sobrato Organization to transform two campuses....


Another Downtown Hotel Goes Back to Lender in San Francisco

Dec 19, 2024 - Highgate hands back keys for 686-room Hyatt Regency with $290M in debt....


Leveraging Technology for Multi-Use Properties

Dec 19, 2024 - From first-party data to creating the best customer experience. ...


Single-Family Permits Surge as Multifamily Construction Faces Slowdown

Dec 18, 2024 - However, the impact of the housing shortage will take years to materialize....


Life Science Demand Outpaces Supply in Greater Los Angeles

Dec 18, 2024 - Cities speed approvals, allow more flexible land use as availability remains tight....


Hines Sees CRE Recovery in 2025, Bets on San Francisco Asset

Dec 17, 2024 - Developer, partner pay off $500M loan on 1.7M SF former PG&E complex....


Tampa's Multifamily Market Sees Highest Vacancy in 15 Years

Dec 16, 2024 - However, demand isn't an issue. ...


Centennial Sees 'Incredible' Retail Traffic and Sales Amid Holiday Season

Dec 16, 2024 - "I think that just shows really strong consumer propensity to get out there and spend."...


Brixmor Experiencing Best Leasing Ever in Current Retail Landscape

Dec 16, 2024 - Also, the company shares its strategy when it comes to targeting assets. ...


The Worst Might be Behind Drug Stores

Dec 16, 2024 - Drug stores are trying to figure out the new model....


High-Rise Apartment Projects Proliferate in Berkeley

Dec 16, 2024 - Multiple towers to transform city skyline, demand driven by student housing....


Calling All Net Lease Influencers

Dec 16, 2024 - Submit a nominee for GlobeSt.'s 2025 Influencers in Net Lease recognition before the deadline on January 8th!...


Office Leasing Surges for Irvine Company in Orange County

Dec 13, 2024 - Firm inks 1.8M SF in H2 2024, plans to upgrade four OC campuses....


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
The release of the Federal Reserve's latest interest rate decision and accompanying statement will be a major focus, as investors seek clues on the future path of monetary policy. November retail sales report will provide insights into consumer spending trends during the crucial holiday shopping season. Earnings reports from companies like FedEx and Nike will be in the spotlight, offering a glimpse into the logistics and retail sectors' performance. Geopolitical developments could also impact market sentiment.

CAPITAL MARKET INDICES
FED Prime Rate:
7.500%
FED Funds:
4.750%
5 Yr. Treas:
4.405%
7 Yr. Treas:
4.495%
10 Yr. Treas:
4.564%
Last Update: Saturday, December 21, 2024



DATA DECK FOR Dec 16 - Dec 20
DATE REPORT IMPACT FORECAST PREVIOUS
Dec 16 Empire State Manufacturing Index Medium 6.4 31.2
Dec 16 Flash Manufacturing PMI High 49.4 48.8
Dec 16 Flash Services PMI High 55.7 57.0
Dec 17 Core Retail Sales m/m High 0.4% 0.1%
Dec 17 Retail Sales m/m High 0.6% 0.4%
Dec 17 Capacity Utilization Rate Low 77.3% 77.1%
Dec 17 Industrial Production m/m Low 0.3% -0.3%
Dec 17 Business Inventories m/m Low 0.2% 0.1%
Dec 17 NAHB Housing Market Index Low 47 46
Dec 18 Building Permits Medium 1.43M 1.42M
Dec 18 Current Account Low -286B -267B
Dec 18 Housing Starts Low 1.35M 1.31M
Dec 18 Crude Oil Inventories Medium -1.6M -1.4M
Dec 18 Federal Funds Rate High 4.50% 4.75%
Dec 19 Final GDP q/q High 2.8% 2.8%
Dec 19 Unemployment Claims High 229K 242K
Dec 19 Final GDP Price Index q/q Medium 1.9% 1.9%
Dec 19 Philly Fed Manufacturing Index Medium 3.0 -5.5
Dec 19 Existing Home Sales Medium 4.09M 3.96M
Dec 19 CB Leading Index m/m Low -0.1% -0.4%
Dec 19 Natural Gas Storage Low -190B
Dec 19 TIC Long-Term Purchases Low 216.1B
Dec 20 Core PCE Price Index m/m High 0.2% 0.3%
Dec 20 Personal Income m/m Low 0.4% 0.6%
Dec 20 Personal Spending m/m Low 0.5% 0.4%
Dec 20 Revised UoM Consumer Sentiment Medium 74.1 74.0
Dec 20 Revised UoM Inflation Expectations Low 2.9%