Economic Update – May 17, 2024

Economic Update – May 17, 2024

1. LARGE FUNDS INCREASE CRE FOOTPRINT • A recent analysis by Reuters details how large funds are increasing their CRE market share as traditional lenders such as banks pull back. • Stricter capital rules for banks and recent regional bank failures in the US have led...
Brotzman Leases Hydroponic Farm

Brotzman Leases Hydroponic Farm

APRIL 2024, SALISBURY, MD – Flo Brotzman, Senior Advisor with The Hanna Team at SVN | Miller Commercial Real Estate, recently leased the Hydroponic Greenhouse on Little Lane in Salisbury, MD. The Hydroponic Farm was leased to Murat Kilic, an experienced hydroponic...
Economic Update – April 26, 2024

Economic Update – April 26, 2024

1. FIRST-QUARTER GDP • The US economy expanded by a 1.6% annualized rate during the first quarter of 2023, according to the latest data from the US Bureau of Economic Analysis. • First quarter GDP fell short of most estimates. Economists surveyed by Bloomberg, on...
Mears Sells Delaware Beach Storage Center

Mears Sells Delaware Beach Storage Center

APRIL 2024, LEWES, DELAWARE – Meredith Mears, Senior Advisor with SVN | Miller Commercial Real Estate, recently sold Delaware Beach Storage Center, located at 32244 Nassau Road in Lewes, Delaware. Mears sourced and closed the deal. Purchased by a REIT partnered...
Economic Update – April 12, 2024

Economic Update – April 12, 2024

1. HOMEBUYERS ADJUSTING TO HIGHER INTEREST RATES • A new survey by Fannie Mae suggests that home buyers are gradually adjusting to higher mortgage rates despite increasingly negative sentiments about the housing market. • Fannie Mae’s Home Purchase Sentiment Index...