What I'm Reading June Gloom: CRE market participants are increasingly negative as capital market woes take a toll. RCLCO released a new report saying that sentiment of real estate professionals has slipped nearly down to the range the firm associates with market distress and recession. Globe Street Today's CRE market...
April 25th – Warning Sign
What I'm Reading Warning Sign: China's property market accounts for a massive % of global commodity consumption. Chinese housing starts have now fallen 17% or more for three consecutive quarters. Looks like a commodity downturn could be in the cards. Financial Times Mean Reversion: Soaring mortgage rates have resulted in...
July 21st – Legal Remedy
What I'm Reading Roll the Dice: Escalating material prices have made it challenging for contractors and manufacturers to bid on jobs, with owners sometime finding themselves paying out of pocket to cover overruns. Wall Street Journal Opt Out: Some workers are beginning to look for legal remedies that allow them...
January 11th – Wait and See
What I’m Reading Wait and See: NNN lease investors had assumed that Republicans would win the Georgia Senate special election and the 1031 exchange would be safe. Now that the Democratic party candidates have prevailed, those investors are anxiously awaiting President Elect Biden’s first 100 day agenda to see if the...
January 8th – Ultimatum
What I’m Reading Ultimatum: In another sign that flexible work arrangements will become a job perk, twenty-nine percent of working professionals say they would quit their jobs if they couldn’t continue working remotely, according to an online survey of 1,022 professionals by LiveCareer, an online resume and job search consulting...
January 7th – Reading the Tea Leaves
One Big Thing Now that the elections have come finally, mercifully come to a close, I thought that it would be a good idea to take a look at the likely winners and losers both in the real estate sector and the economy as a whole. I’m going to do...
January 6th – No Going Back
What I’m Reading No Going Back: The pandemic has has accelerated the adoption of data access as an essential CRE technology. At this point, it is no longer just a pandemic solution and is here to stay. Globe Street Priced Out: Despite record low mortgage rates, the spike in housing prices last year...
January 5th – Unmasked
What I’m Reading Unmasked: The Corporate Transparency Act, which was tacked onto a defense bill, would require corporations and limited liability companies established in the United States to disclose their real owners to the Treasury Department, making it harder for criminals to anonymously launder money or evade taxes. The rule applies...
January 4th – Blurred Lines
What I’m Reading Blurred Lines: States are facing off in a high-stakes legal battle over who is entitled to income taxes on remote workers when one is employed by a company in one state but resides in another. The results of this high-stakes legal battle will have a profound impact on...
December 21st – Temporary Move?
What I’m Reading Temporary Solution: The number of renters seeking short term (less than 6 month) lease arrangements when moving to new cities is way up this year. This suggests that the move away from urban markets may be more temporary than thought. Apartment List Sweet Spot: Pent up demand, healthy...