Weed REIT Grows $141 Million Fund
GreenAcreage Real Estate will provide capital to fire up sale-leaseback and build-to-suit transactions in the regulated cannabis industry, according to a blog post today by Erika Morphy on GlobeSt.com. This REIT has formed a relationship with Acreage Holdings, one of the largest growers across 20 states with 88 dispensary licenses and 1.2 million square feet of cultivation and manufacturing space in the US. "Being in this business, there is no greater privilege than enriching
Four Ways Trumps Trade War Impacts Commercial Real Estate
While tariffs' relationship to CRE is not obvious, the impact on our business is real, according to a recent article in Forbes online by Jeff Levin. Here are four areas of impact: 1. Trade wars helped close the spigot on Chinese investment. By 2016, Chinese CRE purchases in the US rose to $46 billion. However, in the first half of 2018, Chinese investment here dropped 90 percent. 2. A Chinese sell-off is depressing CRE prices. Beijing has ordered Chinese institutions to sel
Major US Banks Cut Benchmark Lending Rates Following Fed Decision
As of Aug. 1, JPMorgan Chase & Co., Citigroup and Wells Fargo & Co. all said they would reduce rates by 25 basis points to 5.25 percent, following the Fed's lead of reducing the prime lending rate to a range of 2 to 2.25 percent. The US Federal Reserve cut the overnight lending rate in response to growing concerns over the global economy and lower than expected inflation in the US. Banks are expected to lower commercial lending rates in line with the Fed. However, these redu
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