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September 20, 2019

Fed Cuts Interest Rates by Another Quarter Point

WASHINGTON — The Federal Reserve lowered interest rates by a quarter of a percentage point on Wednesday, its second cut since late July, and suggested it was prepared to move aggressively if the United States economy showed additional signs of weakening. For now, a growing number of Fed officials expect one more cut this year,… Read more »

September 16, 2019

First Look: Walmart debuts freestanding health center format

Walmart has moved deeper into health care with the opening of its first-ever standalone facility devoted to health and wellness. Located in Dallas, Georgia, directly adjacent to a remodeled Walmart supercenter, the new “Walmart Health” held its grand opening on Friday, Sept. 13. The 10,000-sq.-ft. facility offers an array of services — primary care, laboratory… Read more »

September 11, 2019

Sun Equity Partners selling NJ shopping center

Marcus & Millichap has been retained to sell Greenleaf at Howell, a newly constructed, open-air community shopping center in Howell Township, New Jersey. The price is $78.5 million. “Currently 100 percent occupied, Greenleaf at Howell is an exceptional, core-plus asset with the opportunity to add value through the development of an additional 117,505 square feet… Read more »

September 11, 2019

NJ Shore Retail Lists for $78M

Marcus & Millichap is marketing Greenleaf at Howell, a newly-constructed, open-air community center in the shore neighborhood of Howell Township, NJ. The asking price is $78.5 million. “Currently 100% occupied, Greenleaf at Howell is an exceptional, core-plus asset with the opportunity to add value through the development of an additional 117,505 square feet of entitled commercial space,” said Karly Iacono,… Read more »

August 22, 2019

$78.5M community shopping center hits the market near Jersey Shore

Marcus & Millichap announced Thursday the exclusive listing for sale of Greenleaf at Howell, a newly constructed, open-air community center in Howell Township for $78.5 million. “Currently 100 percent occupied, Greenleaf at Howell is an exceptional, core-plus asset with the opportunity to add value through the development of an additional 117,505 square feet of entitled… Read more »

August 09, 2019

Walgreens is closing 200 stores and CVS is slowing openings. The drugstore industry’s transformation is getting serious.

Changing consumer habits have emptied malls, sent department stores into bankruptcy and transformed grocery stores. Now it’s the drugstore’s turn. On Tuesday, Walgreens disclosed it will close 200 U.S. stores. On Wednesday, CVS Health said it will slow the pace at which it opens new locations. For pharmacies, which also facepressures related to reimbursements for… Read more »

August 01, 2019

Large Mall Owner May Invest in More Retailers

Simon Property Group CEO Tells Analysts It Has the Cash to Help Troubled Chains Stay in Business Simon Property Group, one of the nation’s largest owners of retail property ranging from shopping centers to outlets and malls, said it’s ready to come to the rescue of more distressed retail tenants to maintain its properties. So… Read more »

July 24, 2019

Amazon to Convert Another Dead Mall Into a Fulfillment Center

Online Retailer Leads Change That Kills Malls, Buys the Corpses for Last-Mile Delivery. Online retailer Amazon has spent the past two decades luring shoppers out of stores and onto the internet, leading a retail transformation that has left dead malls in its wake. Now the Seattle-based company is buying more of those empty shopping centers,… Read more »

July 17, 2019

Retail sales rise in June, beating expectations

Consumer spending accelerated in June as retail sales rose in nearly all sectors. Retail sales were up 0.6% in June seasonally adjusted from May and up 2.3% year-over-year, according to the National Retail Federation. The numbers exclude automobile dealers, gasoline stations and restaurants. NRF’s numbers are based on data from the U.S. Census Bureau, which… Read more »

July 15, 2019

Subway’s Remodeling Program Aims to Restore Sandwich Dominance

Franchise Pumps $100 Million Into Remodeling Locations Subway has been taking it on the chin in the fight to capture consumers with a hankering for a sandwich. Jersey Mike’s Subs, Jimmy John’s Gourmet Sandwiches, Firehouse Subs and a host of others have knocked the onetime king of franchises far off its perch. To regain its… Read more »

June 28, 2019

Amazon ramps up delivery wars in deal with Rite Aid

                        Amazon is launching its own version of buy-online-pickup-in stores. The online giant is partnering with Rite Aid to launch “Counter,” dedicated counters in Rite Aid stores where Amazon customers can pick up their purchases. The service, which is free to all Amazon customers,… Read more »

June 21, 2019

Retail Sales Research Brief June 2019

                Growing Distribution Webs Boost Retailers’ Competitive Advantages Consumption underpinned by elevated consumer optimism. Retail sales remained steady in May, increasing 3.2 percent over the past year. Though this is slightly lower than the previous two months, spending appears to have further stabilized following heightened levels of consumption… Read more »

June 14, 2019

Retailers fight back: Bricks-and-mortar brands are figuring out online sales, and their stocks are soaring

Retailers that have made omni-channel experiences a priority are being rewarded. Stock prices are up. Walmart’s stock has increased 16% this year and Lululemon stock is up more than 42% since January. The integration of Apps, faster shipping, and curbside pickup are boosting e-commerce sales while thoughtful expansion into targeted bricks and mortar locations is… Read more »

June 11, 2019

Elliott Advisors Buys Barnes & Noble for $683M

The hedge fund is acquiring the bookstore for $476 million plus assuming its debt. NEW YORK CITY—Elliott Advisors (UK) is acquiring Barnes & Noble, paying $476 million in an all-cash transaction. The sale is valued at $683 million as it includes the assumption of the company’s debt. On Friday, the deal valued Barnes & Noble’s… Read more »

June 05, 2019

CVS to open 1,500 HealthHubs

CVS Health is going full steam ahead with its new, health-focused store concept. CVS debuted the format, called HealthHub, in February, at three revamped CVS Pharmacy locations in Houston. On Tuesday, the company said it will open additional HealthHubs in Houston, Atlanta, Philadelphia/Southern New Jersey and Tampa this year. Long-term, it plans to have a… Read more »

May 31, 2019

Dollar General Jumps on Better-Than-Expected Quarterly Earnings

Shares of discount retail chain Dollar General jump after the company reports quarterly earnings that surpass analysts’ expectations. Dollar General gained in early trading Thursday after the discount retail chain reported quarterly earnings that surpassed analysts’ expectations. The Goodlettsville, Tenn.-based company posted net income of $385 million, or $1.48 a share, in its fiscal first quarter ended May 3, compared with… Read more »

May 23, 2019

NJ-Based Dressbarn to Shutter 650 Stores Nationwide

MAHWAH, NJ—Women’s fashion retailer Dressbarn has announced it will be closing all of its approximately 650 store locations nationwide. Dressbarn is part of the Mahwah, NJ-based Ascena Retail Group, Inc., a leading national specialty retailer that also owns Ann Taylor, LOFT, Lou & Grey, Lane Bryant, Catherines, Cacique and Justice brands. Ascena operates approximately 3,500… Read more »

May 02, 2019

Investor Confidence Starts to Return as CRE Pricing Holds Steady

Growth in CRE prices was modest in March, with some market observers expecting a pick-up in sales volumes. Annual growth in U.S. property prices slowed in March to the most modest rate since 2011, according to research firm Real Capital Analytics (RCA). But industry experts say commercial real estate pricing—and transaction volumes—could gain steam, or… Read more »

April 24, 2019

April 2019 Retail Sales Research Brief

Retail Powerhouses Maintain Dominance Despite Tempered Consumption Retail spending slows amid economic concerns. A moderating economy became more evident in February as core retail sales advanced 2.9 percent annually, following a revised gain of 4.3 percent one month earlier. Unresolved trade tensions as well as a weakening international economy continue to weigh on domestic growth,… Read more »

April 12, 2019

Grocery Store Openings Skyrocket As Other Retailers Close

As department stores like Sears and specialty retailers like Toys ‘R’ Us wind down operations, U.S. grocers are adding outlets and space while some chains launch new concepts. Grocery store openings paced by Publix and Aldi jumped 29.4% last year, adding more than 17 million square feet of space in stores across the country, according… Read more »

March 15, 2019

Hudson Yards—hailed as retail’s future—has its skeptics. Proving them wrong will take a while

Will it really work? That’s the question some people are asking as the Hudson Yards development comes to life in New York this week. The retail and restaurant portion of the 18-million-square-foot project opens on Friday, including shops ranging from Louis Vuitton and Neiman Marcus to Lululemon and H&M. Online brands like men’s activewear retailer Rhone… Read more »

March 04, 2019

Amazon to Launch New Grocery Store Brand

SEATTLE—The Wall Street Journal has reported that Amazon plans to launch dozens of grocery stores in several major US cities, citing sources familiar with the strategy. The first store will open in Los Angeles, possibly by the end of this year, according to the WSJ. The company has also signed leases for two other locations with plans… Read more »

February 20, 2019

Payless to Shutter 2,500 North American Stores

ST. LOUIS, MI—Payless ShoeSource filed for voluntary Chapter 11 bankruptcy protection on Monday and stated that it plans to close all of its North American stores in the US and Canada by the end of May. The company also reported it intends to file for protection for some of its Canadian subsidiaries under the Companies’… Read more »

February 14, 2019

Amazon Abandons HQ2 Project in New York City

Despite efforts from New York Gov. Andrew Cuomo, New York City Mayor Bill de Blasio and others, Amazon has decided to not move forward with previously announced plans to build a portion of its second corporate headquarters in Long Island City, Queens. The e-commerce giant in a statement released today, while praising Cuomo and de… Read more »

February 08, 2019

US Retail Sales Expected to Top $3.8 Trillion in 2019

U.S. retail sales are expected to rise between 3.8 percent and 4.4 percent to more than $3.8 trillion in 2019, the National Retail Federation (NRF) said on Tuesday, citing high consumer confidence, low unemployment and rising wages. Preliminary estimates show retail sales grew 4.6 percent in 2018 to $3.68 trillion, exceeding the retail industry group’s… Read more »

January 30, 2019

Amazon Go vs. Dollar Stores: The Bifurcation Of Retail Deepens

The tech-infused, convenience-oriented future of U.S. retail is only half the story — the upper-income half. As U.S. income and net worth inequality widens, retailers who sell to lower-income Americans, particularly dollar stores, are also going to continue to flourish. For upscale demographics, there are retail initiatives such as Amazon Go and its cashierless shopping, tech-oriented… Read more »

January 23, 2019

Rite-Aid Warned of Risk of Delisting from NYSE

Rite Aid is at risk of being delisted from the New York Stock Exchange and considering a reverse stock split to prop its share price above $1 to comply with the exchange’s trading rules, the company said Friday.   Shares of the drugstore chain have fallen 64 percent over the past year, down to 75… Read more »

November 16, 2018

Home Depot’s Sales in Q3 Beats Estimates; Boosts Annual Outlook

The Home Depot racked up another quarter of solid sales and earnings gains fueled by continued strong demand in the home improvement market. The world’s largest home improvement retailer reported sales of $26.3 billion for the quarter ended Oct. 28, up 5.1% from the year-ago period. Net earnings for the third quarter of fiscal 2018 were… Read more »

October 31, 2018

Redevelopment Opportunities Abundant as Transformation of Sector Spurs Bankruptcy of Historic Retail Powerhouse

Adaptive changes necessary in today’s retail climate Like several other high-profile retailers in recent years, Sears Holding Corp. failed to evolve with the changing retail landscape and took on an unsustainable level of debt. Consequently, it filed for Chapter 11 bankruptcy, announcing the closure of 142 locations in the process. The company’s minimal reinvestment into… Read more »

October 31, 2018

Increased Consumer Spending Drives Expansion of Off-Price Retailers

Tight job market a key driver of consumption With unemployment at its lowest level in nearly 50 years, a larger employment base has helped increase the amount of money circulating through the economy. This has kept consumer spending elevated as core retail sales posted a 5.0 percent year-over-year gain in September. Though this figure is… Read more »

October 23, 2018

As Multifamily Rents Soften, Investors Turn To Net-Lease Assets

New York City multifamily rents continue to soften. In June, the median asking rent for a one-bedroom apartment dropped 3.1% compared to last year, and fell 15.1% from its peak in March 2016, Business Insider reported. Investment sales have also slowed across multiple asset classes, down 50% from the peak of the market in 2015. The slowdown has… Read more »

October 23, 2018

Marcus brokers $2.8 million retail property sale

A private investor based in central New Jersey has acquired a nearly 5,000-square-foot retail property in the Florida Panhandle, in a $2.825 million sale brokered by Marcus & Millichap. Brokers with the firm’s Saddle Brook office announced the sale of the property, 4830 Highway 90 in Pace, Florida, after marketing it on behalf of the… Read more »

September 17, 2018

MARE 40 Under 40 Honors Karly Iacono

The annual 40 under 40 feature in the Mid Atlantic Real Estate Journal Honors Karly Iacono for her exceptional contributions to the industry. Click below to read the full feature.

July 18, 2018

Strong U.S. retail sales lift second-quarter GDP estimates

U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter. Signs of a strengthening economy, together with a tightening labor market and firming inflation, likely will keep the Federal Reserve on track to continue raising interest… Read more »

June 28, 2018

Amazon Makes $1 Billion Splash in Health Care, Buying PillPack Inc. is buying its way into the heart of the U.S. health-care system, instantly shaking up a prescription-drug industry already in the midst of a broader transformation. Insurance companies and drug-benefit managers have struck a series of deals in recent months designed in part to thwart a potential big splash in the health world from… Read more »

May 04, 2018

NJ Retail Revolution

The evolution of retail continues and New Jersey is no exception. New Jersey Realtor Magazine interviews Karly Iacono, Associate Director of Marcus & Millichap’s National Retail Group, to get a detailed look on what we can expect moving forward in regards to retail development, rents, and property resale values.

April 27, 2018

Private Client Event – June 13th – RSVP Required

NY/NJ Clients & Friends: Please join us June 13th for cocktails at the Upper Montclair Country Club as we discuss the risk and opportunity in today’s retail and multi-family markets. Estate planning and 1031 exchange experts will be on hand to answer questions. Space is limited. Please click below to RSVP. Click Here To RSVP

April 27, 2018

Retail Sales Trend Up As Discretionary Income Advances; Retailers Refine Strategies to Sustain Growth

Rising take-home pay fosters retail momentum. Increased discretionary income stemming from tax cuts and a tight labor market are starting to materialize. Inflation-adjusted core retail sales recorded a 2.5 percent year-over-year increase for the fourth straight month, following an average of 2 percent expansion the previous 18 months. E-commerce sales continue to propel retail activity,… Read more »

April 27, 2018

Tight Labor Market, Enhanced Spending to Continue; Tenants Adapt by Combining Physical and Online Retail

Strengthening economy invigorating consumption. Retail sales will continue to grow this year as discretionary income ascends. Bolstered spending can be linked to advancing wages from a competitive employment market, along with increased take home pay from the revised tax plan. In 2017, retail sales posted a 4.3 percent increase, with home furnishings playing a primary… Read more »

February 02, 2018

Marcus & Millichap completes sales in Hamilton NJ

Karly Iacono of brokerage firm Marcus & Millichap marketed and represented the seller of a 14,280 square-foot NNN Ground Lease Walgreens the firm announced this week. The property located at 2021 Nottingham Way, Hamilton NJ was traded for $5.544 million. Iacono also secured the buyer, a private 1031 investor according to regional manager Brian Hosey.

August 29, 2017

10-3-17 Investor Seminar

  MARCUS & MILLICHAP PRESENTS Seminar Series: Proactive Investing through Estate Planning, 1031 Exchanges, and Market Intel Considerations of Estate Planning Understanding the 1031 Exchange Process Overview of the Current Administration’s Tax Plan What Are Triple Net Properties? Update on the NJ Multifamily Market State of the Retail Market & Tenant Spotlights Networking 5:00PM –… Read more »

August 15, 2017

Zero Cashflow Investing

Zero Cash Flow Investing Zero Cash Flow Deals are some of the most misunderstood opportunities in commercial real estate. However, these types of investments can have an important role in your overall portfolio in two ways. One, the zero-cash flow structure generates passive losses which can offset or reduce passive income generated by other investments thereby reducing… Read more »

July 06, 2017

What Amazon’s Big Move Means for Retail Real Estate

Amazon Establishes a Brick-and-Mortar Presence with the Acquisition of Whole Foods Amazon Enters Grocery Business Amazon has decided to purchase Whole Foods for $13.7 billion dollars, after testing a variety of concepts to enter the grocery store segment. This transaction, allows Amazon to have direct access to the grocery store segment which accounts for consumer… Read more »

June 29, 2017

Walgreens – Rite Aid Merger Falls Through

Walgreens and Rite Aid announced Thursday, June 29th 2017 that they are no longer merging. Instead Walgreens will purchase 2,186 Rite Aid stores for $5.2 billion. This transaction will cut Rite Aid stores in half, with 2,350 stores remaining after the deal is done. The stores purchased by Walgreens will be rebranded into new Walgreen’s… Read more »

April 21, 2017

Consumer Optimism Buoys Net-Leased Sector

Confident Consumers Boost Positive Economic Momentum The economy maintained momentum to perform admirably in 2016 following a slow start to the year. This trend will carry into 2017 as consistent job creation across a wide array of employment sectors provides momentum for the economy while compressing the unemployment rate. Also, tight labor markets are translating… Read more »

March 30, 2017

Emerging Investor Trends for the First Quarter of 2017

Investors Dial Back Transactions Amid Murky Policy Outlook   Investors scale back activity as the market recalibrates to higher interest rates and awaits clarity on government policy. The November election sparked a rapid rise in interest rates and introduced a wide range of prospective reform initiatives. Proposed changes to tax, fiscal, and regulatory policies raise… Read more »

March 21, 2017

Federal Reserve Raises Interest Rates Toward Normalization

Rising Confidence in Expansion is a Key Factor Federal Reserve raises its benchmark rate by 25 basis points due to a positive economic outlook. The Fed’s confidence has improved significantly over the past year given the steady retail sales growth and tightened labor market. Rising Fed Funds do not necessarily align with Treasury rate movement,… Read more »

March 16, 2017

NJ Bisnow Features Karly Iacono

Iacono has been praised for her ability to help countless owners make the transition from Multifamily or Industrial properties to stable, management free Net Leased properties. “We are able to replace or increase cash flow in many cases while offering clients a material lifestyle change.” Iacono said. Read more about the teams’ successes from one of… Read more »

February 09, 2017

Investors Continue to Turn to Drug Stores for Income Security

Investors Attracted to Drug Stores due to Income Security, Long Lease Terms, and Strong Drug Store Sales from Aging Population Drug Sales Increase from New Pharmaceutical Treatments and Increase of Insured Americans: Due to a greater number of people with medical insurance and pharmaceutical innovation that offers new treatments for a range of maladies, prescription… Read more »

January 18, 2017

Retail Sector Evolves as Consumer Preferences Change

Holiday Sales Reveal Promising Outlook  Retail sales from November through December 2016 increased with a 4% gain on a year-over-year basis. This gain outpaced the 10-year average of 2.5% growth, allowing consumer confidence to reach the highest level since August 2007.    Department Store Sales Struggling This past year department stores battled to gain traction, with… Read more »

January 11, 2017

Employment Acceleration; Increasing Wages Support Real Estate Outlook

The Employment Market Has Progressively Expanded, Tightening the Labor Market The employment market has steadily grown last year despite various unanticipated events that could have affected job expansion. In 2016, 2.2 million jobs were created allowing the unemployment levels to drop to its lowest level since 2007. The economy has generated 75 straight months of… Read more »

December 22, 2016

Increased Fed Rate Results in Mixed Signals for Investors

The Federal Reserve Raises Interest Rate The Federal Reserve increased its overnight rate by 25 basis points to a range from .50 percent to .75 percent. This decision reiterates the positive  economic outlook for 2017 that could accelerate monetary policy this upcoming year. Rising rates will remain a significant factor in the commercial real estate… Read more »

October 10, 2016

Why A Tight Labor Market Is Good For Real Estate

Hiring Positive but Restrained by Tight Labor Market Wage Pressure Emerging Hiring in September reaffirmed that job creation is moderating from the elevated levels of the past two years. The downshift to a more tempered pace likely reflects a shortage of qualified workers as unemployment hovers near 5.0 percent. Accelerated wage gains offer some evidence… Read more »

September 08, 2016

Update on Walgreens – Rite Aid Merger

Walgreens Boots Alliance Provides Update on its Pending Acquisition of Rite Aid DEERFIELD, Ill. –(BUSINESS WIRE)– Walgreens Boots Alliance, Inc. (Nasdaq:WBA) today provided the following update on its pending acquisition of Rite Aid Corporation ( NYSE : RAD). Walgreens Boots Alliance and Rite Aid remain actively engaged with the Federal Trade Commission (FTC) regarding its… Read more »

August 11, 2016

Solid U.S. Job Growth in July Brightens Economic Outlook

Labor Market Trend of Payroll & Wage Growth Exceptional payroll growth in July and upward revisions to job gains in the preceding two months underline the persistent strength of the U.S. economy, which is now in its seventh year of expansion. Secondary indicators of labor market activity, including unemployment claims, the unemployment rate and wage… Read more »

July 25, 2016

How E-Commerce is Reshaping Brick-and-Mortor Retail

Internet Shopping becomes a Destination Hub The rise of Internet shopping as a destination hub is reshaping the economy, steering spending toward new sellers and platforms as product selection, delivery times and convenience improve. The ascent of this trend is spawning the creation of Internet-based businesses and pressuring traditional retailers to adapt as mobile commerce and… Read more »

July 12, 2016

The Silver Lining to BREXIT

Contrary to polls and predictions, citizens of the United Kingdom voted to leave the European Union, creating uncertainty that induced a sharp decline in global equity markets. The British currency fell dramatically, boosting the value of the U.S. dollar, and the quick re-deployment of capital to safer assets pushed U.S. Treasury rates to their lowest… Read more »

April 20, 2016

Foreign Investment in United States Commercial Real Estate

A recent survey by the Washington-based Association of Foreign Investors in Real Estate, or AFIRE,  revealed that a large percentage of foreign investors are expected to invest more in US real estate in 2016 than they did in 2015. It may be noted that the members of AFIRE hold around $2 trillion of the global… Read more »

April 04, 2016

Could Better Burger Be Chipotle’s New Flag?

Chipotle Mexican Grill Inc. may be diversifying its business and launching a new burger restaurant chain. The company has stated that it has applied for ‘Better Burger’ as a trademark which has been confirmed by the official website of the U.S. Patent and Trademark Office. Chipotle has already diversified into 2 smaller restaurant chains featuring… Read more »

April 01, 2016

Dollar General’s Aggressive Expansion Plan for 2016

Dollar General Corporation is a value for money shopping destination that has been in business for 75 years. It offers a wide variety of products at affordable prices in convenient neighborhood locations. As of January 2016, Dollar General had 12,483 stores spread across 43 states. 2015: A banner year for Dollar General and the future… Read more »

February 22, 2016

Sports Authority Facing Chapter 11

Sports Authority is said to be seeking the protection of Chapter 11 Bankruptcy after failing to make a $20 million interest payment to its creditors on a $343 million loan in January 2016. Since the acquisition of Sports Authority in 2006 by Leonard Green & Partners LP, the company has seen a notable decline from… Read more »

February 02, 2016

5 Things that will Influence Commercial Real Estate in 2016

2016 looks like it will be quite a ride. Here is a look at domestic demand, stock market volatility, foreign investment, urban markets and interest rates. 1.Net Leased Demand from Domestic Investors Remains Strong The net leased market is facing very limited supply of quality assets and an overwhelming demand. More than ever investors are looking to net leased… Read more »

January 08, 2016

Understanding 1031 Exchanges

What is a 1031 Exchange? A 1031 Exchange, also referred to as a Starker exchange, allows investors to defer capital gains while trading up to larger or higher quality properties. While there are three types of exchanges, simultaneous, reverse, and deferred – deferred exchanges account for 95 percent of these types of transactions. When selling… Read more »

January 04, 2016

Understanding and Evaluating Net Leased Investments

What is a Net Leased Investment? A net leased investment is one in which the tenant pays expenses in addition to rent. The three nets are taxes, maintenance, and insurance. In an absolute net leased property, the tenant is also responsible for roof and structural repairs. Net Leased properties are so attractive because they offer… Read more »

December 20, 2015

Asset Disposition

At Marcus & Millichap We Make A Market For Every Property We Represent With nearly 1,500 investment professionals throughout the United States and Canada, Marcus & Millichap is the largest brokerage firm focused exclusively on investments. By specializing 100 percent on investments and organizing our sales force into property specialty groups, we provide clients with… Read more »

December 17, 2015

The Fed Finally Raised Interest Rates – Did Anyone Notice?

After analyzing, discussing, and generally fretting over the FED’s every move, the long awaited interest rate hike came with virtually no response from, well, anyone. The 0.25% hike was absorbed without any noticeable impact on the cre market. With the conflicting forces of the instability in China and around the globe and the strengthening US… Read more »