Market Insights
November 5, 2018

Richmond, VA – John B. Levy & Company is pleased to announce $81.7 million in non-recourse construction/permanent financing for The Jameson at Kincora located in Loudoun County, Virginia. The Jameson at Wood Quay, LLC has started construction on the 333 mixed-income multifamily units which sits on a 5+ acre pad within the much larger 424-acre mixed-used project known as Kincora Village Center.


October 25, 2018

At a John B. Levy & Company Investors Conference in October, a panel of commercial real estate experts discussed how the Richmond area has experienced slower population growth compared with similar cities such as Raleigh, N.C., and Nashville, Tenn., over the past 20 years, which has restrained demand for commercial and office developments.

But the panelists also noted how the region’s geographic location, cost of living and lifestyle could work in its favor.


October 14, 2018
Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

No one should be humming the lyrics to rock band My Morning Jacket’s 2008 song “I’m Amazed” as interest rates on commercial mortgages march higher.

Yet those in the midst of refinancing or closing a loan were rudely awakened to that fact earlier this month when data confirmed what we already know: The economy is picking up steam.

The unfortunate side effect to a stronger economy for real estate investors is that long-term interest rates move up.


September 16, 2018
Andy Little

RICHMOND TIMES-DISPATCH

by Andrew Little, Special Correspondent

British rock band Faces released its first album in 1970, and it included a hit that aptly describes commercial real estate today, particularly in Richmond.

The song’s title was “Flying.”

Money continues to pour into the real estate sector and, with values steadily higher in most major markets, Richmond is attracting abundant out-of-town capital because its cap rates and values are still viewed as attractive.


September 10, 2018

Richmond, Va. – John B. Levy & Company has published its Giliberto-Levy Monitor for the second quarter of 2018, posting a 0.61% total return for commercial mortgage investments during the period.

That figure represented a nearly 100-basis point (bp) turnaround from the first quarter’s -0.38% outcome. Income return at 1.09% was 1 bp higher than the prior quarter, while capital values continued to fall in response to rising Treasury yields, dropping 0.47%.

Over the last four quarters,