The Federal Reserve resumes Interest Rate hikes with 11th increase since early 2022. As was widely expected, Federal Reserve officials announced another interest rate hike Wednesday afternoon, causing real estate companies to settle in for yet more price compression and sluggish financial markets. The increase came on the heels of positive inflation news earlier [...]
Just over a week after business groups appealed to the Biden administration for help resolving a labor dispute at the Ports of Los Angeles and Long Beach, the Pacific Maritime Association and the International Longshore and Warehouse Union reached a tentative agreement. The deal’s full terms weren't released, according to CNBC, but the contract [...]
Inflation was a blip, and long-term ultra-low interest rates will return — but only because world economic growth will be anemic. That is the not entirely upbeat conclusion of the latest IMF World Economic Outlook, which portrays inflation as a blip, not a global reset. The document looks at growth potential, inflation and interest rates, and [...]
The U.S. economy is growing faster than expected, keeping inflation high, so a more aggressive pace of further interest rate hikes might be necessary, Federal Reserve Chair Jerome Powell said in his Semiannual Monetary Policy Report to Congress on Tuesday. Rate increases haven't forced the economy into a recession or even slowed it down that much, as [...]
The Redlands City Council is considering banning new warehouse developments. The council held a public hearing Tuesday, Feb. 21, to discuss an ordinance recommended by city officials to regulate warehouse development and operations. The ordinance would have limited development and logistics operations with zoning regulations and requirements for new permits for development. That wasn’t enough for [...]
Los Angeles voters approved a tax on the sale of mansions and other multimillion-dollar real estate transactions to raise money for affordable housing in the second-largest US city. The measure, known as Proposition ULA, boosts the one-time transfer tax to 4% for property deals between $5 million and $10 million, and 5.5% for transactions [...]
Cargo volumes are down at the powerhouse ports of Los Angeles and Long Beach, and although some worry that the decline could stick, local CRE professionals are more worried about the impact of macroeconomic trends on the area's industrial market. Shipping backlogs and protracted labor negotiations led to an unlikely scenario at these ports: They've [...]
For the leaders of some of the biggest investment vehicles in commercial real estate, the matter of whether the U.S. is on the verge of a recession is no longer a question of if, but when. Less than 24 hours after the Federal Reserve lifted interest rates by 0.75 percentage points, fund managers and other finance executives gathered [...]
Payoff will save Industry property owners over $49 million annually and will deliver over $36 million to local taxing entities including school districts, special districts and the County During today’s Industry City Council meeting, Finance Director, Yamini Pathak, announced that in July, the City had paid off the last three (bonds) of a total [...]
Slowing asset growth would be the key according to First American Financial Corporation According to a First American Financial Corporation analysis, cap rates might finally start to recover some of their value. The firm’s potential capitalization rate (PCR) model for the first quarter of 2022 “estimates capitalization rates based on the historical relationship between [...]
