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WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

INFLATION, THE ECONOMY, AND COMMERCIAL REAL ESTATE

Lee & Associates


In June and July of this year, the Fed raised the interest rate at the fastest pace in forty years: it raised the federal funds rate 75 basis points at each open market committee meetings. Why did it do so, and what do its actions and current economic data say about the economy? This report will investigate and answer these questions, as well as explore the thinking that is guiding the Fed’s policies and explain the implications of these policies for commercial real estate.

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INVESTMENTS IN OPPORTUNITY ZONES PICK UP AFTER SLOW START, ARRIVAL OF PANDEMIC

Costar



Investments in federal "opportunity zones" appear to be accelerating five years after the tax credit program was launched to target economically distressed areas across the country, according to new CoStar Group research.

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US INDUSTRIAL DEVELOPMENT FINALLY CATCHES UP WITH TENANT DEMAND

Costar


Last year, developers completed a bumper crop of new industrial property tallying 475 million square feet across the U.S. covering a combined land area the size of Boston. This building boom resulted in the most new industrial space completed in a single year in more than two decades.

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INFLATION REDUCTION ACT DOUBLES TAX CREDITS FOR BUILDING RETROFITS

Globe St. 


The Inflation Reduction Act (IRA) signed into law by President Biden this week includes expanded tax credits that are expected to spur building owners and developers to make energy-efficient improvements that speed the decarbonization of commercial real estate. Under the IRA, the maximum allowable benefit for the 179D Energy Efficient Buildings Tax Deduction will expand in 2023 from $1.88 per square foot to $5.00 per SF.

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MOMENTUM STRONG ENOUGH TO OVERCOME CRE UNCERTAINTY, SAYS PwC

Globe St. 


With non-traded REIT sponsors continuing to deploy the significant capital raised and long-term investors recapitalizing existing funds through continuation vehicles in high-demand sectors experiencing favorable supply, PwC believes the strong performance thus far in 2022 should continue the rest of the year.

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ABOUT LEE & ASSOCIATES

At Lee & Associates, our reach is international but our expertise is local market implementation. With offices across the nation and Vancouver, Canada, Lee & Associates is one of the largest and fastest growing commercial real estate organizations in North America. 


Founded in 1979, our experience and expertise offers extensive local market knowledge, seasoned agents, industry leading technology, and a commitment to achieving our clients long-term real estate goals and successes. Lee & Associates understands real estate and accountability, and provides an integrated approach to leasing, operational efficiencies, capital markets, property management, valuation, disposition, development, research, and consulting.


Commercial Real Estate Questions? 

Please Contact:


Steve Malley

smalley@lee-associates.com

858.453.9990

LinkedIn

www.lee-associates.com/sandiego