Category: development
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Another popular commercial real estate asset class shows signs of struggles.
A key barometer of U.S. factories fell in July for the fourth consecutive month and hit an eight-month low – a sign that an ongoing slump in the industrial side of the economy has deepened. Numbers below 50% signal the…
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Rental Community Going Up at Onetime Bradenton Mall
I think the project is a solid and necessary one as this mall has been distressed and changed hands numerous times over the past decade or so. Here’s hoping this multifamily project positively impacts the area! ~ Sean Dreznin, DPCRE,…
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In brutal temps, air-conditioning businesses thrive as the cooling industry heats up
Article via Robinhood Snacks Blastin’ the AC… In the dog days of summer, cooling is king. Scorching temps that saw 150M+ Americans under heat alerts last month have air-conditioning companies booming. Helping business: the average lifespan of an AC unit is…
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Fed meeting
The Fed comes front and center today and the big question heading into the meeting comes down to how strongly officials signal their desire to cut rates. The central bank is widely expected to hold its benchmark short-term interest rate…
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Tampa Bay Rays win final approval for new $1.2 billion stadium
Pinellas commissioners approved use of tourism money to fund the county’s portion of a new stadium for the Rays. With the Pinellas County commission approving the use of tourism tax money, the Tampa Bay Rays can move forward with a…
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Commercial real estate distress
Article via Titan.com – Click here to visit them and receive news on a daily basis. Commercial real estate distress, specifically office, is on the rise as multiple firms announce that they’ve set aside greater amounts of cash for real…
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What is going on with lease-up in newly built apartments?
I’ve been noticing the concessions in ads and marketing for almost all apartments and single family rental communities. Yesterday in fact I drove by a newer apartment complex in Sarasota and saw a ‘two months free’ banner and passing another…
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Banking Ranking
Article via Titan.com Banks are always some of the first companies to report earnings and we’re well on our way with mixed results. Banks and financial companies are usually strong barometers for the strength of the economy given their access…
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The New York Times warns apartments could be in trouble, in part due to “waning demand in some once booming Sun Belt cities.” But is that true?
Another fantastic researched article by Jay Parsons via LinkedIn Jay Parsons • Rental Housing Economist (Apartments, SFR), Speaker and Author The New York Times warns apartments could be in trouble, in part due to “waning demand in some once booming…
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