by Alexis Black | Apr 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...
by Alexis Black | Apr 17, 2024
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...
by Alexis Black | Apr 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...
by Alexis Black | Apr 9, 2024
APRIL 2024, DENTON, MD – Meredith Mears and John Foster, Advisors with SVN | Miller Commercial Real Estate, have recently sold eight lots for development in Denton, Maryland’s Industrial Park. Five lots closed late last fall, and three are slated to close this...
by Alexis Black | Apr 1, 2024
1. INDUSTRIAL’S LARGEST OPERATORS EXPAND • According to an article by Commercial Observer, Industrial real estate heavyweights Prologis and Link Logistics are leading an ongoing expansion in warehouse use despite recent reports of a post-COVID-boom slow in demand. •...
