Economic Update – June 14, 2024

Economic Update – June 14, 2024

1. INTEREST RATES • The FOMC voted to leave rates unchanged at its June policy meeting, which aligned with market expectations. On Wednesday, markets braced for the convergence of May’s Consumer Price Index data, which arrived just a few hours before the Federal...
Economic Update – May 31, 2024

Economic Update – May 31, 2024

1. CRE LOAN MODIFICATIONS RISE AMID HIGH-RATE ENVIRONMENT • According to a new report by Trepp, CMBS loan modifications rose dramatically in 2023 as a significant swell of loans are set to mature in the coming quarters. • Modification volumes peaked mid-year 2023,...
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...