Economic Uncertainty Continues

As we enter the new year, uncertainty continues to be a prevalent theme in the economy. Interest rates remain historically high, making it more expensive for individuals and businesses to borrow money. Additionally, the jobs market remains tight, with unemployment rates still elevated despite recent improvements. Furthermore, inflation remains substantial, with prices for goods and… Continue reading Economic Uncertainty Continues

Federal Reserve Raises Rates 75bps – Now what?

Background Commercial real estate debt financing will likely become more expensive and difficult to obtain in the near term. This is due to the rising interest rate environment we expect over the next several quarters and possibly years. Commercial real estate debt financing typically consists of loans from banks or other financial institutions. These loans… Continue reading Federal Reserve Raises Rates 75bps – Now what?

2022: The Year of Rescue Capital: C-PACE Financing Can Help

As we move into an increasing interest rate environment and potentially a recession, it’s essential to understand all the potential financing options available to help you reach the goals of your real estate project. One option that may be especially helpful in the current climate is commercial “C-PACE” financing. C-PACE stands for Commercial Property Assessed… Continue reading 2022: The Year of Rescue Capital: C-PACE Financing Can Help

Texas C-PACE Financing

C-PACE financing is a form of capital used for energy efficiency or renewable energy improvements on commercial real estate properties. To qualify for C-PACE financing within the state of Texas, the following requirements must be met: -The property must be located within the state of Texas. -The property must be classified as commercial, industrial, or… Continue reading Texas C-PACE Financing

Treasuries Continue Their Climb

Bond yields continued their upward march last week, sending the US 30-year rate above 2.75% for the first time since mid-2019 with yields climbing across the curve. According to Bloomberg, this comes after the $23 trillion Treasury market reported its worst-ever quarterly performance in the first quarter of 2022 with traders pricing in the aggressive… Continue reading Treasuries Continue Their Climb

NYC’s Bans Combustion of Fossil Fuels for New Construction

Mayor Signs Landmark Bill to Ban Combustion of Fossil Fuels in New Buildings NEW YORK – Mayor Bill de Blasio today signed into local law a mandate phasing out the combustion of fossil fuels in new buildings and accelerating the construction of all-electric buildings. The law, the first of its kind for a large cold-weather city,… Continue reading NYC’s Bans Combustion of Fossil Fuels for New Construction

Lackluster Occupancy Growth; Landlords Left With More to be Desired

Access Control Data Shows Most Cities See Modest Growth in Occupancy Americans have been living through a period of intense uncertainty since March 2020 — struggling with an unprecedented pandemic and the economic distress it has caused. To provide some clarity on the issues facing American businesses, Kastle Systems has been studying keycard, fob, and… Continue reading Lackluster Occupancy Growth; Landlords Left With More to be Desired

Investing in Tomorrow’s World Today

Our sustainability approach and review of our 2020-2021 achievements We integrate ESG throughout our real estate investment management process to help preserve and create value for our clients in tomorrow’s world. In this annual report, we explain our approach for managing the financial risks and opportunities associated with climate change and being a responsible property… Continue reading Investing in Tomorrow’s World Today

Biden Issues Sustainability Executive Order

Biden Issues Sustainability Executive Order to catalyze nation’s clean energy initiative On December 8, President Biden issued an Executive Order (EO) to “catalyze” the nation’s clean energy economy and direct the federal government to achieve the following five climate goals: 100% carbon pollution-free electricity by 2030, at least half of which will be locally supplied clean energy… Continue reading Biden Issues Sustainability Executive Order

Boston nabs its first C-PACE closing

Greenworks Lending from Nuveen closes first C-PACE Financing in Boston DARIEN, CT – Greenworks Lending from Nuveen, C-PACE capital provider dedicated to funding energy performance-enhancing commercial, multi-family, and non-profit real estate projects, announced that it has closed the first C-PACE project in the city of Boston through MassDevelopment’s PACE Massachusetts program at 440 William M. McClellan Highway. Located… Continue reading Boston nabs its first C-PACE closing