Economic Update 10.29 Header

According to the newest projections out from the Wall Street Journal Economic Forecasting Survey, economists expect Q4 GDP growth to rise to 4.81%, more than double the third quarter advanced estimate released by the Bureau of Economic Analysis on Thursday, October 28th. Projections were made prior to Thursday’s advanced estimates, so it will be noteworthy where the panel lands during the next slate of projections given the Q3 shortfall.

Congrats Nolan

SVN | THE EQUITY GROUP is pleased to announce our very own Nolan Julseth-White, CCIM has been named Director of the 2022 CALV Board of Directors.  The Commercial Alliance Las Vegas (CALV) announced its newly elected officers and directors for 2022. To read the full post click here.

economic update aug2According to the Real Capital Analytics Commercial Property Price Index, commercial real estate valuations are up 9.8% year-over-year through June 2021. On average, valuations did not fall during last year’s shutdown, but rather, price growth stalled. Of course, outcomes varied widely by property type. Compared to February 2020 levels, the price index is up by 10.1%. 

economic update july17The Labor Department’s June Jobs Report showed an encouraging 850,000 added positions, well above Bloomberg’s reported consensus forecast of 720,000. Payroll increases were aided by the continued easing of social distancing measures across the US, increases in the vaccination rate, and a growing number of states ending additional unemployment benefits.

june2021 expecting inflation

It wasn’t too long ago that persistently low inflation was keeping Federal Reserve officials up at night. Now, in a year where everything has changed, so too has the reason for Jerome Powell’s insomnia.

Prices are rising, and in many corners of the economy, they are doing so in attention-grabbing ways. Lumber prices are up a remarkable 89% from a year ago, and energy prices are up 25%.1 It has been a decade since the last inflationary debate, and a generation since the Central Bank last lost control of price stability.

economic update june30th

rogosch and park

SVN | The Equity Group is pleased to announce and welcome new Vice President Eric Rogosch and Senior Advisor Jason Park. Rogosch and Park will be working with our retail services team. “We are very proud to have Eric and Jason join the firm. Eric and Jason are the perfect fit for the SVN culture and collaborative platform. They both bring extensive experience and market knowledge in the retail sector which will have an immediate impact on our clients and community.” said Managing Director, Nolan Julseth-White, CCIM.

ralph malmoros

SVN | THE EQUITY GROUP is pleased to announce and welcome new Senior Advisor Ralph Malmros. Malmros will be working with our industrial & flex team.

“We are pleased to have Ralph join the firm. Ralph brings an expertise and unique product type/specialty to our mix. Ralph’s extensive knowledge in the Ecommerce, logistics and supply chain arena will be an immediate value to our colleagues, clients and community.” said Managing Director, Nolan Julseth-White, CCIM.

“SVN | The Equity Group managers in our employ, have treated the property much as their own, looking to keep expenses under control and building occupancy at 100 percent.”

Alan Bayles, President Maxwell Building Corporation