CRE Lending Powers Fast Community Bank Growth But as Rates Rise, So Does Caution By Diane McLaughlin Banker & Tradesman Staff Local banks and credit unions have emerged as big winners from the 65 percent year-over-year- growth in commercial mortgage volumes statewide this year. Community banks and credit unions accounted for more than half the […]
Both gateway and Sun Belt markets recorded strong growth. U.S. commercial real estate investment volume rose 10 percent year-over-year in the second quarter of 2022, to $167 billion, with industrial and logistics investments providing nearly $32 billion of the total and office $24 billion, according to a recent CBRE report. Trailing four-quarter volume totaled a […]
By Erik Sherman via GlobeSt In science and engineering it’s the difference between what calculus calls the first and second derivatives: how fast something is changing and then the shift in that rate of change. For commercial real estate properties overall, April was good news in the former and, depending on the view, less happy […]
Consumer Price Index, year-over-year percentage change By Courtenay Brown via Axios Inflation soared to a fresh four-decade high in June, as prices rose 9.1% from last year — 1.3% from the prior month — the government said on Wednesday. Why it matters: The price shock is tanking Americans’ view of the economy — and risks pushing the Federal Reserve into moving aggressively […]
By Arnobio Morelix Latinx founders are the fastest-growing group of entrepreneurs in America–but their businesses are struggling to scale. While the percentage of Americans running a business has stagnated at 6.2 percent over the past two decades, Latinx founders have rocketed from 6.5 percent of all entrepreneurs in 2001 to 15 percent as of 2019, making them […]
by Boston Real Estate Times REVERE – Revere Mayor Brian Arrigo along with Revere and Boston city officials, joined executives from The HYM Investment Group (“HYM”), Cathexis and National Real Estate Advisors (“National”) to break ground on the former racetrack site at Suffolk Downs. The event marks the beginning of the transformation of the underutilized […]
By Jeff Cox via CNBC Inflation held at stubbornly high levels in May, though the monthly increased was slightly less than expected, according to a Commerce Department gauge closely watched by the Federal Reserve. Core personal consumption expenditures prices rose 4.7% from a year ago, 0.2 percentage point less than the previous month but still around levels […]
By Paula Seligson via Bloomberg Elon Musk may be directing his buyer’s remorse at Twitter Inc.’s bot problem. But underpinning the deal is a $13 billion debt bill that’s looking like a bigger burden by the day. The package, drummed up in a rush and signed by banks before the end of the billionaire’s beloved April 20 […]
By Jeff Cox via CNBC Federal Reserve Chair Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases until prices start falling back toward a healthy level. “If that involves moving past broadly understood levels of neutral we won’t hesitate to do that,” the central bank leader told The Wall […]
By Ben Unglesbee via Retail Dive Dive Brief: The share of small retail businesses that couldn’t make rent rose to 34% in April, up six percentage points from February, according to survey data from Alignable. Those surveyed cited inflation, including gas price spikes, supply chain issues, labor shortages, reduced revenues and increasing rent. Of those […]
