by Alexis Black | Oct 14, 2024
1. SEPTEMBER JOBS REPORT • The Bureau of Labor Statistics (BLS) reported that the US added 254k jobs in September, drastically defying expectations following a summer of worsening labor market conditions. • The consensus forecast from economists heading into the data...
by Alexis Black | Sep 27, 2024
1. FED INTEREST RATE CUT • The Federal Reserve cut its primary policy interest rate by 50 basis points (bps) in September to a target range of 4.75%-5%, the first interest rate reduction since policymakers began their fight against post-pandemic inflation in March...
by Alexis Black | Sep 26, 2024
SEPTEMBER 2024, SALISBURY, MD – SVN | Miller Commercial Real Estate Advisors, Tonney Insley and Ryan Finnegan recently sold the former Rite Aid at 833 S Salisbury Boulevard. The property consisted of a single-story 13,824 SF free standing building, with a drive-thru,...
by Alexis Black | Sep 16, 2024
1. CPI INFLATION • According to the US Bureau of Labor Statistics (BLS), the Consumer Price Index (CPI) increased 0.2% month-over-month (MoM) in August, repeating July’s pace and in line with the consensus forecasts that led up to the data release. • The annual CPI...
by Alexis Black | Sep 10, 2024
SEPTEMBER 2024, SALISBURY, MD – John McClellan and Kelly Jeter recently sold two net leased Napa Auto Parts stores in Salisbury and Pocomoke. The Napa Auto Parts store in Salisbury was a 20,204 SF building at 651 Roland Street. The Pocomoke store was a 6,300 SF...
