SVN ECONOMIC UPDATE – MAY 31, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. CRE LOAN MODIFICATIONS RISE AMID HIGH-RATE ENVIRONMENT According to a new report by Trepp, CMBS loan modifications rose dramatically in 2023 as a significant swell of loans […]
SVN ECONOMIC UPDATE – MAY 17, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. LARGE FUNDS INCREASE CRE FOOTPRINT A recent analysis by Reuters details how large funds are increasing their CRE market share as traditional lenders such as banks pull […]
SVN ECONOMIC UPDATE – APRIL 26, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. FIRST-QUARTER GDP The US economy expanded by a 1.6% annualized rate during the first quarter of 2023, according to the latest data from the US Bureau of […]
SVN ECONOMIC UPDATE – APRIL 12, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. HOMEBUYERS ADJUSTING TO HIGHER INTEREST RATES A new survey by Fannie Mae suggests that home buyers are gradually adjusting to higher mortgage rates despite increasingly negative sentiments […]
Commercial Property Management: Navigating the Accounting and Bookkeeping Landscape
Property management involves a myriad of responsibilities, from maintaining properties to ensuring tenant satisfaction. Among these crucial tasks, accounting and bookkeeping stand out as fundamental pillars. Efficient financial management not only ensures the smooth operation of properties but also fosters transparency and accountability. In this article, we delve into the accounting and bookkeeping side of […]
SVN ECONOMIC UPDATE – MARCH 29, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. INDUSTRIAL’S LARGEST OPERATORS EXPAND According to an article by Commercial Observer, Industrial real estate heavyweights Prologis and Link Logistics are leading an ongoing expansion in warehouse use […]
Commercial Property Management: The Vital Role of Ongoing Maintenance
Commercial property management entails more than just collecting rent and handling tenant concerns. It encompasses a plethora of responsibilities, with ongoing maintenance standing out as one of the most critical aspects. Effective maintenance not only ensures the safety and functionality of the property but also preserves its value and enhances tenant satisfaction. In this article, […]
Commercial Real Estate Summer Internship Opportunity – June-August 2024
Are you a college junior, senior or recent graduate interested in commercial real estate? Apply for our Summer Internship for an opportunity to experience the day-to-day of being a commercial real estate agent. The internship will be primarily in the Camp Hill, PA area. Part-time weekday hours with many opportunities for first-hand experience in the […]
Commercial Property Management: Navigating Common Area Maintenance (CAM)
Commercial property management is a multifaceted endeavor that involves a plethora of responsibilities, from tenant relations to financial management. Among the many crucial aspects of managing commercial properties, Common Area Maintenance (CAM) holds a significant position. CAM expenses are a fundamental component of multi-tenant leases for commercial properties, playing a pivotal role in maintaining the […]
SVN ECONOMIC UPDATE – MARCH 15, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. CURRENT ECONOMIC CONDITIONS (BEIGE BOOK) According to the March 6th, 2024, release of the Federal Reserve’s Beige Book, national economic activity increased over the previous six-week period. […]
