For more than 50 years, most economists have agreed that measures taken by central banks to stabilize prices and production can work in the short run but not in the long run. The late Nobel Prize winner Milton Friedman, who studied and studied at the University of Chicago, argued so in his 1968 presidential address to the American Economic Association. But research by Yuelan Ma of Chicago Booth and Kaspar Zimmermann of the Frankfurt School of Finance and Management suggests that U.S. monetary policy may not be so neutral in the long run, especially when it comes to its impact…
Author: Private Lending Agent
NEW YORK, March 7, 2024 — The latest results from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS) show that U.S. commercial insurance premiums are continuing their upward trend through the fourth quarter of 2023. The quarterly survey results compared premiums for policies written in the fourth quarter of 2023 to premiums for the same period in 2022. Insurers reported that commercial premiums increased by a total of 6.6%, continuing a streak of consecutive quarterly increases of more than 6%. Commercial auto insurance saw the largest price increases, maintaining its double-digit rate increase, up nearly 4% from the previous quarter. Packaged…
A letter from the publisher Josh Simels Our 29th annual Commercial Real Estate Awards event was a huge success. Having been one of our most popular calendar items for many years, the event once again lived up to its reputation and stole the spotlight.On true champions and leadersCommercial real estate space. The past few years have seen some areas of the sector face unique challenges, but the commercial real estate professionals and organizations honored in this section have repeatedly demonstrated their tenacity, creativity and deep industry knowledge to continue to forge ahead. Last week, at an awards ceremony held at…
Federal Reserve Chairman Jerome Powell has joined a growing group of U.S. officials who say that while rising bad commercial real estate loans will likely cause some banks to fail, they do not pose a risk to the financial system as a whole. The Fed governor told lawmakers on the Senate Banking Committee on Thursday that the Fed is working with financial institutions to make sure they are managing potential losses. His comments echoed Treasury Secretary Janet Yellen's assessment last month that while some failures are possible, the situation is “manageable.” “We have identified banks that are highly concentrated in…
Flipping houses seems to be more popular than ever. Although home renovation shows make every flip seem like a walk in the park, flipping housing is a risky and time-consuming venture. Before you dive into flipping houses, there is a lot to consider. Let’s explore how to get started flipping houses. What Is House Flipping? House flipping is when you buy a property as a real estate investment with the intention to hold onto it for a short time and then sell (or flip) it for a profit. Flipping a house often involves renovations, but that’s not always required to…
More real estate developers and investors than ever before are using commercial property assessed clean energy financing to launch their projects. “By the end of 2023, we will have surpassed $2 billion in financing since our inception in 2015, with nearly $1 billion of that financing having been in 2023 alone,” said Jessica Bailey, co-founder and CEO of Connecticut-based Nuveen Green Capital, currently one of the most active C-PACE lenders in the nation. And the surge in demand for this source of financing shows no signs of slowing down. Related article: CRE experts predict upcoming opportunities NGC's average C-PACE loan…
The programme combines in-depth real estate value chain expertise with key leadership skills.ULI has announced a new collaboration with the Maastricht University Real Estate Center and the Massachusetts Institute of Technology (MIT) Real Estate Center on the recently launched Global Real Estate Leaders Program, a world-class educational program designed to develop the next generation of industry leaders.The program offers executives with a minimum of 10 years of work experience in the real estate, asset management, finance, or built environment industries the opportunity to earn a professional education certificate covering the core skills and knowledge required to lead thriving real estate…
Dive Overview: Federal Reserve Chairman Jerome Powell predicted on Wednesday that losses in the commercial real estate market would hit mostly small and mid-sized banks, and warned that efforts to ensure stability would need to continue for years. “Some banks are going to suffer losses,” Powell said in testimony before the House Financial Services Committee. “The concentrations of problem loans are really small and mid-sized banks,” he said, adding, “I think this is going to be an issue that we're going to be working through for several years.” “This is manageable,” Powell said, noting that the central bank is working…
Research Triangle Logistics Park is located within a 200-mile radius of three major ports. Image courtesy of Avison Young Barrister Commercial Group, in partnership with Terra Equity I LLC, has begun construction on Research Triangle Logistics Park, a 162-acre Class A industrial project in Hillsboro, N.C. When completed, the campus will consist of five buildings totaling 2.4 million square feet. Avison Young Vice President Bill Aucoin and Principal Jack Graham will provide leasing and consulting services on behalf of the owner. The first phase of the development will cover more than 1.4 million square feet across three buildings. The developer…
In preparation, companies should focus on their data collection and analysis processes, and evaluate their existing board oversight and risk management regarding environmental, social, and governance (ESG) risks to determine whether changes are appropriate before reporting on these processes.Companies should also evaluate their existing board oversight and risk management regarding ESG risks to determine whether changes are appropriate before reporting on these processes. Focus on investment advisor fees and expense practices Real estate fund managers often use affiliated personnel and companies to provide a variety of services for the real estate investments they manage, which has heightened risk factors associated…