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July 7, 2023

This Week's D.C. Deal Sheet

Wednesday: Join Akridge, Hoffman & Associates, Merchants Hospitality, Donohoe & More At The Anthem

A new 33-acre winery that backers say could help boost Maryland's tourism industry is opening Saturday in Montgomery County. 

This Week's D.C. Deal Sheet

The winery, The Crossvines, is located at 16601 West Willard Road in Poolesville and is owned by the nonprofit Montgomery County Revenue Authority. It was developed by Weller Development Partners.“After ten years in the making, we’re excited to welcome and introduce the region to The Crossvines,” MCRA CEO Keith Miller said in…

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Top Stories on Bisnow.com

$103B In CMBS Loans Maturing This Year To Test 'Extend And Pretend' $103B In CMBS Loans Maturing This Year To Test 'Extend And Pretend'
SFR Boom Times Are Over As Investment Drops, But Some Like The Long-Term Play SFR Boom Times Are Over As Investment Drops, But Some Like The Long-Term Play
Buy Buy Baby, Christmas Tree Shops Add To Growing List Of 2023 Retail Closures Buy Buy Baby, Christmas Tree Shops Add To Growing List Of 2023 Retail Closures
Office Buildings Aren't Selling, Not Even As Distressed Assets Office Buildings Aren't Selling, Not Even As Distressed Assets
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Big Tech Tenants Push Data Center Developers To Stay On Schedule As Supply Chain Woes Linger

Data center developers continue to struggle with supply chain problems, and their largest tenants are paying close attention to who has answers.

Big Tech Tenants Push Data Center Developers To Stay On Schedule As Supply Chain Woes Linger

Persistent supply chain headaches remain a central challenge for data center developers, particularly providers focused on leasing entire facilities or campuses to big tech hyperscale tenants.Wait times for key equipment — from generators and transformers to cooling and power systems — remain long and unpredictable. Global suppliers are struggling to…

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SCOTUS Decision On Student Loan Relief One More Financial Hardship For Renters

SCOTUS Decision On Student Loan Relief One More Financial Hardship For Renters  

President Joe Biden's announcement last year that he would wipe out thousands of dollars in student debt created the possibility that some of the 40 million affected debt holders could redirect their loan payments to saving to purchase a house.

But with last week's Supreme Court decision striking down that plan, that possibility has vanished, removing the would-be buying power that might have taken renters out of the apartment market.

The effects of the decision to strike down a plan that would have forgiven approximately $430B in student loan debt owed to the government have yet to be seen. But in a country where home prices are beyond reach for many and rents have spent years defying gravity, multifamily market watchers say…

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In Case You Missed It...

Northern Virginia Office Owner Defaults On $51M Loan Northern Virginia Office Owner Defaults On $51M Loan
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D.C. Offices Increasingly Empty As Leasing Market Shows Few Signs Of Life D.C. Offices Increasingly Empty As Leasing Market Shows Few Signs Of Life
'We Need To Be More Aggressive’: Developers Call On D.C. To Take Bigger Steps To Revive Downtown 'We Need To Be More Aggressive’: Developers Call On D.C. To Take Bigger Steps To Revive Downtown
Meta Puts Big D.C. Office Space Up For Sublease Meta Puts Big D.C. Office Space Up For Sublease
 
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'What A Soft Landing Looks Like': Economists React To June Jobs Report On Twitter

'What A Soft Landing Looks Like': Economists React To June Jobs Report On Twitter  

Nonfarm payroll employment rose by 209,000 jobs in June, lower than consensus estimates, the Bureau of Labor Statistics reported Friday.

The unemployment rate fell to 3.6% in June. It has remained at or below 3.7% since the end of the first quarter of 2022.

Construction employment continued its upward trend in June, adding 23,000 jobs. The industry has averaged 15,000 monthly jobs gains this year after growing by an average of 22,000 jobs per month in 2022. Another commercial real estate-related industry, the leisure and hospitality sector, added 21,000 jobs in June. The industry…

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