11/04/2024
Stay informed in the Mid Atlantic with Greysteel's economic indicator reports.
WHAT WE'RE READING:
Emerging Trends In Real Estate https://go.greysteel.com/e/850243/vices-images-pwc-etre-2025-pdf/qc2j85/1887346522/h/hI4cXbVg__pbbu3II21Rk13dBHt8awzn738jdPs-0nE
Nigel - “Each year, PwC’s Emerging Trends in Real Estate report provides valuable insights into shifting economic conditions and investment opportunities. The 2025 edition highlights the Federal Reserve’s anticipated shift toward rate cuts to support a soft landing, presenting a new cycle of growth and expanded opportunities in the real estate market. The report also explores where industry leaders see the strongest recovery potential and outlines key areas for growth and renewal. Download the full report here for a detailed view of trends and outlooks shaping the year ahead.”
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WHAT WE'RE KEEPING OUR EYE ON:
Rising Insurance Premiums Are Hurting Multifamily Landlords, But
There Are Solutions https://go.greysteel.com/e/850243/but-there-are-solutions-125892/qc2j88/1887346522/h/hI4cXbVg__pbbu3II21Rk13dBHt8awzn738jdPs-0nE
Chris - "Rising insurance premiums are hurting Multifamily owners. Since the fourth quarter of 2019, rising insurance costs have caused a decrease in property values of 3.6% nationwide. Now landlords must find creative strategies to offset the rise in this expense in order to maintain cash flows and valuations for a future capital event. The good news is, there are solutions.”
Thalhimer Now Leading Diamond District Solo After Development
Partner Bows Out https://go.greysteel.com/e/850243/-development-partner-bows-out-/qc2j8c/1887346522/h/hI4cXbVg__pbbu3II21Rk13dBHt8awzn738jdPs-0nE
Nick - "Thalhimer is now the sole principal of Diamond District Partners LLC, the development group responsible for the mixed-use component of the Diamond District Redevelopment. The City is still confident that Thalhimer will be able to complete the project due to Thalhimer’s track record of success developing projects throughout Richmond. With Thalhimer now solely responsible for raising the capital to fund the initial costs of the first phase of the development, they will leverage their support from local investors to replace the investment that former partner Loop Capital would have provided. While the stadium redevelopment has already started, the City is hoping to finalize the initial land sale to Thalhimer in the coming weeks. The mixed-use development is currently slated for a Fall 2025 start.”
CRE Investors Prepare For A Busier Year Of Buying, Selling In 2025
https://go.greysteel.com/e/850243/re-interest-rates-pricing-html/qc2j8g/1887346522/h/hI4cXbVg__pbbu3II21Rk13dBHt8awzn738jdPs-0nE
Max - "U.S. commercial real estate transactions are rebounding, with $60 billion in Q2 activity—a 31% increase from Q1. Investor confidence is rising and although debt access remains tight, improved economic conditions and lower financing costs are expected to drive investment strategies through 2024 and into 2025. Additionally, multifamily deliveries are up 9% from 2023 and 30% from 2022; with rate cuts in 2025, new construction projects will become even more feasible."
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WHAT WE'RE LISTENING TO:
What Will The US Presidential Election Mean For The Economy
https://go.greysteel.com/e/850243/episode-0DuOlnk4jyzRKfkZOmZdGU/qc2j8k/1887346522/h/hI4cXbVg__pbbu3II21Rk13dBHt8awzn738jdPs-0nE
Sean - "Kevin Hassett, former Chairman of the Council of Economic Advisers under President Trump, and Jared Bernstein, the current Chairman of the Council of Economic Advisers, speak with host Allison Nathan about what the US presidential election will mean for the economy. Key topics of discussion include the current economic landscape tariffs, corporate tax rates, taxing unrealized capital gains, child and earned income tax credits, and the deficit.”
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CONTACT
INVESTMENT SALES
W. Kyle Tangney
Senior Managing Director
202.280.2730
[email protected]
D.C. SP98369974
MD 645459
VA 0225194365
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