About This BlogUnvarnished truth. Consultant Jonathan Miller (Miller-Ryan) has compelling views on the market, and he shares them with GlobeSt.com subscribers.
Wall Street Swoon Raises Real Estate Worries
Real estate lags, the stock market predicts… So should we be worried? Really only perceptions among investors are finally changing by turning more pessimistic. For real estate markets—retail and hotels will register the impacts sooner. The recent volatile downward moves on Wall Street and world exchanges only underscore what has been obvious—the global economy remains impaired and has lived off extremely low interest rates. Europe has not recovered from the 2008 debt crisis—ageing demographics and welfare state systems…Read More
The Waldorf and Strong Dollar
Waldorf Hotel Sale: Here is a confluence of an offshore investor seeking to park money in a safe place, the power of 24-hour city-global gateway dynamics, and overshooting on iconic properties. Just up Park Avenue two condo developers hope to cash in on the same factors by building sky-high trophy towers to attract skittish capital. You think wealthy Chinese are not nervous over the Hong Kong demonstrations—highlighting the widening gap between rich and poor? How…Read More
Casinos still seem to be popping up everywhere as seemingly desperate states pass enabling laws, looking to stimulate economic expansion in down-and-out areas or raise tax dollars—anything to overcome the effects of the lukewarm economy on revenue growth.Read More
Advantage Developers For Now
We’re now well into the development stage of the real estate cycle—even though commercial vacancy rates are higher than average in many markets this late in recovery.Read More
Here We Go Again--Development in Atlanta...Ferguson... Going Global?
Development Ramps Up Again in Atlanta: The market office vacancy rate is 17% (down from the mid-20s), but developers are resuming activities, specifically in uptown Buckhead, the city’s most desirable submarket.Read More