Category: commercial real estate
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U.S. yield inversion deepens, stokes recession fears
By Richard Leong via Reuters.com The U.S. yield curve inversion deepened on Tuesday to levels not seen since 2007, rekindling fears of a looming recession that spurred a sell-off on Wall Street and stoked even more safe-haven demand for…
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Facing Down Challenges in Multifamily Construction
“The most successful jobs are when the contractor, the developer and their consultants work together as a team.” By Tanya Sterling | via Globest.com Developers and contractors used to have something a combative relationship but that has changed, especially in the…
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Multifamily Rent Growth Gets Serious
The average US multifamily rent increased by $12 to $1,465 in June, according to Yardi-Matrix. By Erika Morphy| via Globest.com June was an inflection point for US multifamily rent growth, according to new figures by Yardi-Matrix. Following several months this…
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Multifamily Absorption Reaches 5-Year High
By Erika Morphy | July 08, 2019 at 05:41 AM via GlobeSt.com US apartment demand spiked during the second quarter of 2019 with product absorption climbing to a five-year high, according to RealPage. It reports that net move-ins totaled 155,515 units…
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Gulf Coast of Florida Apartment Outlook – 2nd Quarter 2019
Apartment Demand Outpaces Supply; Investors Seek Value-Add Opportunities Metrowide New residents filling rentals. The net migration of more than 39,800 people this year will bolster demand for apartments in Tampa-St. Petersburg. Many of the new residents are moving for job…
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FedEx loses $2 billion, warns of headwinds in coming year
Via AP Newswire BY DAVID KOENIG Jun 25, 2019 DALLAS (AP) — FedEx Corp. posted weak quarterly results in its core express business and warned Tuesday that its profit in the year ahead will be hurt by slowing growth in…
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Dreznin Named Senior Associate at Marcus & Millichap
Tampa Office Welcomes 18 Year Industry Veteran via Costar & Derrick Knight Marcus & Millichap has brought on Sean Dreznin as a senior associate in the firm’s Tampa, Florida, office. Dreznin will be partnering with the Casey Babb team. Grant…
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2Q 2019 LOCAL APARTMENT REPORT
Historically Tight Labor Market Boosts Housing Demand; Investors Target Assets in Secondary and Tertiary Markets The historic decline of unemployment to a 50-year low has become a major force driving household formation, pushing apartment housing demand to record levels. Secondary…
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Younger Apartment Tenants Struggle to Keep Up with Rising Rents
article via National Real Estate Investor online While people in their 20s and early 30s continue to opt for renting vs. owning, they are often forced to live with roommates or with mom and dad. Bendix Anderson | May 28, 2019 Many…
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Developers buy into apartments in Lakewood Ranch area
Hundreds of new apartments on the way in East County. by: Pam Eubanks Senior Editor Although the greater Lakewood Ranch area has an inventory of more than 1,000 apartments, that figure will be more than three times higher within the next three…
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