News and Market Updates
CNBC Features Marcus & Millichap CEO Hessam Nadji
Why the Market has Misjudged Commercial Real Estate & Which Property Sectors Are Outperforming Expectations?CNBC Features Marcus & Millichap CEO Hessam Nadji
Marcus & Millichap CEO sees hope for commercial real estate
The commercial real estate sector had a rough year in 2023 compounded by the regional bank shakeup. The sector has had to adapt to surging mortgage rates, volatile markets, and changing work setups for office employees. Commercial real estate could still bounce back...
10 Leaders Transforming the Real Estate Industry, 2023
Read about Marcus & Millichap CEO Hessam Nadji featured in Insights Success feature10 Leaders Transforming the Real Estate Industry
Employment Data Not Swaying Fed to Cut Interest Rates Right Away
Based on what it is seeing in the employment market, the Federal Reserve isn’t facing a lot of pressure to reduce rates, according to John Chang, Senior Vice President and National Director of Research and Advisory Services, Marcus & Millichap.Employment Data Not...
Disparity Between Suburban, Urban Office Performance Grows Sharper
While the narrative in office continues to be negative overall, there are subplots within the overall story. Factors driving office space demand have shifted from remote and hybrid policies that exist today and in the future to one more affected by jobs and the...
Marx Realty Delivers Renovated Grogan Office Building in D.C.’s East End
Marx Realty has delivered The Grogan, a repositioned office building located at 819 7th St. NW in Washington, D.C.’s East End. The New York City-based developer purchased the 21,000-square-foot property in 2018. The renovated asset includes a new façade, canopy and...
College Park City Council considers tax credits for affordable housing, blighted properties
College Park buildings designated for senior living and affordable student housing could be prioritized for city tax credits after a College Park City Council discussion on Tuesday.College Park City Council considers tax credits for affordable housing, blighted...
CoStar Moving HQ from DC after $339M Purchase
Real estate data giant CoStar Group is officially on the move from Washington, D.C. to northern Virginia.CoStar Moving HQ from DC after $339M Purchase
Trident Systems to Invest $3.7 Million in Fairfax County Expansion
Earlier today, Governor Glenn Youngkin announced that Trident Systems, a LightRidge Solutions Company and a leader in multi-function space electronics and integrated C4ISR solutions, is investing $3.7 million to expand capacity at its operation in Fairfax County for...
Retail Sales post Steepest Decline Since March 2023
Retail sales slipped more than Wall Street expected in January, raising questions of whether America's resilient consumer could be losing steam.Retail Sales post Steepest Decline Since March 2023
Housing Costs Are Still High. And There’s More Trouble Ahead
Shelter inflation remains stubbornly high—a continuing problem for consumers and the Federal Reserve. A nascent rebound in the housing market could create an even bigger headache for the central bank.Housing Costs Are Still High. And There’s More Trouble Ahead
Survey: Retailers Optimistic; New Stores Opening Up
An annual survey finds retailers optimistic about the future despite inflation and pricing concerns.Survey: Retailers Optimistic; New Stores Opening Up