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Commercial Real Estate & Business News May 2, 2019

Fed Holds Interest Rates Steady, Ignoring Trump – Again The Federal Reserve held interest rates steady on Wednesday for the third time this year, ignoring calls from President Donald Trump to slash rates by as much as one full percentage point in order to further boost the economy. “We have the potential to go up like a rocket if we did some lowering of rates, like one point,” tweeted Trump on Tuesday…»
Low Interest Rates, Favorable Demographics Set Real Estate Industry Up to Win, Says Nadji
What is the economic outlook for the year, and what does that mean for the student housing industry? Hessam Nadji, president and CEO of Marcus & Millichap/Institutional Property Advisors, answered just that in the keynote speech that kicked off the 2019 InterFace Student Housing Conference, which was held in Austin earlier this month and drew approximately 1,400 attendees…»
Investor Confidence Starts to Return as CRE Pricing Holds Steady
Annual growth in U.S. property prices slowed in March to the most modest rate since 2011, according to research firm Real Capital Analytics (RCA). But industry experts say commercial real estate pricing-and transaction volumes-could gain steam, or at least hold steady, as the year progresses.Last year investors were spooked by some big worries…»
The New Mall Tenant Is Your Office
Westside Pavilion, a dying mall in Los Angeles, ticked all of the boxes for Hudson Pacific Properties.The Los Angeles-based developer was looking for an urban site with big floor plates and exceptionally high ceilings to redevelop into what it called “state-of-the-art creative office space” for future tenants. The company also wanted a central location near mass transit and major highways, in one of the handful of West Coast cities…»
Top 5 Markets for Multifamily Rent Growth
Nationwide, multifamily rents rose by $4 in March to $1,430, with year-over-year growth down 20 basis points to 3.2 percent, according to Yardi Matrix. Rent growth was led by secondary and tertiary markets, as a result of their higher-than-average employment and strong demographic trends. Only three of the largest 30 metros in the U.S.- Las Vegas and Phoenix-made it to our top five…»