ARCHIVE - Category: News
Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

Like McFadden and Whitehead’s disco hit in 1979, the commercial real estate market is singing “Ain’t No Stoppin’ Us Now.”

With interest rates riding along at historic lows, employment surging and gross domestic product growing, it’s hard to see when the music stops.

Even though Treasury yields climbed slightly from their September lows, commercial rates continue to be attractive and are now in the 3.25% to 3.5% range for lower leverage 5- and 10-year mortgages,


Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

Like the lyrics from Elton John’s 1983 hit “I’m Still Standing,” the economy has sustained multiple headline-grabbing shocks from around the world for the past few years but continues to chug along.

Yet the crescendo of recession talk seems to be growing louder and louder in recent weeks.

When all the noise is turned down, however, the only tangible evidence of a slowdown showing up in the U.S.


Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

It’s official.

Like an alternative verse to The Beatles hit song “A Long and Winding Road,” the U.S. last month entered the longest economic recovery in history.

At the end of last month, the Federal Reserve also lowered the Federal Funds target rate by 0.25%. While this change surprised virtually no one, it indicated to the investing public that, yes,


Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

Lead singer Dan Auerbach of rock band The Black Keys could have been singing about retailers and retail sales in the band’s new hit “Lo/Hi” as the roller coaster for merchants continues in 2019.

Overall sales in the retail and food services industries showed a solid increase of 3.1% in April compared with the same month a year ago, according to the most recent data from the U.S.


Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

Lenders at the recent annual Mortgage Bankers Association meeting spoke very little about the economy and how we were getting late in the cycle. Caution had been a mainstay of the past three or four years.

But that was noticeably absent from most conversations. In fact, the overwhelming view was that when compared to other asset classes, commercial real estate and multifamily are undervalued and have a way to run.