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OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

DID THE FEDERAL RESERVE MAKE THE RIGHT CALL INCREASING INTEREST RATES?

San Diego Union Tribune


The Federal Reserve approved the largest interest-rate increase since 1994 this week to try and slow inflation. Officials agreed to a 0.75-percentage-point rate increase, which raised the Fed’s benchmark federal funds rate to a range of between 1.5 percent and 1.75 percent.

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INDUSTRIAL, APARTMENT PRICES SET MORE RECORDS AS DEMAND FOR BOTH PERSISTS

Bisnow



Prices for industrial properties nationwide set another record for year-over-year increases, up 28.6% in May, according to MSCI on Friday. Prices were up 1.8% in May compared with a month earlier. Industrial posted the increases despite a slowdown in deal volume for the second consecutive month, the investment research firm reported, and news recently that Amazon is slowing down the opening of new fulfillment centers, a major part of industrial activity in the last few years.

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THE SKY MAY BE THE LIMIT AS INTEREST RATE CAPS KEEP RISING

Globe St.


Interest rate hikes have been taking a toll on commercial real estate, especially as interest rate

caps become expensive enough to kill deals.

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CALIFORNIA TAX RELIEF: WHAT'S IN THE DEAL

Cal Matters


Gov. Gavin Newsom and legislative leaders have agreed to provide as much as $1,050 to millions of California families to help with rising gas prices and inflation, they confirmed Sunday night. The three-tier program would benefit an estimated 23 million California taxpayers, including individual filers making as much as $250,000 and joint filers making as much as $500,000, with low and middle-income households set to receive incrementally more money.

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US ECONOMY SLIPPED 1.6% TO START YEAR; RETURN TO GROWTH EYED

San Diego Union Tribune


The U.S. economy shrank at a 1.6% annual pace in the first three months of the year, the government reported Wednesday in a slight downgrade from its previous estimate for January-March quarter.

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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

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