TD Ameritrade Features Marcus & Millichap CEO Hessam Nadji CRE Market Strong through Second Quarter; Investors Adapting to Market Forces as Headwinds Emerge What higher interest rates mean for CRE and how investors are recalibrating strategies Key drivers maintain support for CRE, but headwinds emerging The long-term implications of the hybrid work model and the forces that will revive demand Key strategies driving Marcus & Millichap’s growth plan

Yahoo Finance Features Marcus & Millichap President and CEO Hessam Nadji Commercial Real Estate in a Rising Interest Rate Climate; Market Forces and the Opportunities Investors See Buyer and seller expectation gap widening, but underlying space demand remains sound The implications of the hybrid work environment and forces that could bring balance How investors are targeting a spectrum of opportunities and value-add strategies How tighter lending standards are impacting financing availability

CNBC Features Marcus & Millichap CEO Hessam Nadji Real Estate Market Outlook; Key Opportunities and Investor Considerations in High Inflation Climate Inflation A range of forces continue to sustain apartment housing demand How elevated inflation could be a tailwind for real estate investors Which property segments are positioned to outperform?

Dual factors lift sales. Accelerated hiring and lower prices at the gas pump aided spending in July, with core retail sales now up 29 percent relative to pre-pandemic. The addition of 528,000 positions last month pushed the U.S. employment base beyond the previous February 2020 level, while the Consumer Price Index was unchanged on a month-over-month basis, aided by a 7.7 percent decrease in gas prices. These factors helped offset the impacts of historically low… Read More

Inflation trend may be turning corner. The headline Consumer Price Index in July was up 8.5 percent compared to a year prior, a deceleration from the 9.1 percent year-over-year jump recorded in June. This slowdown was driven predominantly by a month-over-month decline in energy prices, led by a 7.7 percent drop in the gas price component of the index. The costs of other items, most notably food, continued to rise however. Setting aside energy and… Read More

Hiring accelerates in July, underscoring labor market strength. Concerns over the economy’s trajectory, following the reporting of GDP contractions in the first two quarters, may be somewhat assuaged by the robust jobs figures posted for July. Last month employers created 528,000 positions, the second-highest total for the year and a 32 percent increase over hiring in June. These new hires bring the total employment base back to the February 2020 level, with additional private sector… Read More

GDP contracts, but other economic indicators in the green. Real gross domestic product declined at an annualized rate of 0.9 percent in the second quarter, following the 1.6 percent decrease posted in the opening three months of the year. While two consecutive quarters of falling GDP is considered by some to be the technical signal for a recession, the actual state of the economy is more complex. The April to June GDP drop was predominantly… Read More

Sales indicative of transitionary period. Consumers continue to spend more than they did before the health crisis, with core retail sales in June up nearly 27 percent relative to pre-pandemic. Potential oncoming headwinds are starting to emerge, however, which is shifting shopping preferences. Last month, inflation surged 9.1 percent year-over-year as food prices rose 10.4 percent annually. This escalation is weighing on consumer confidence, which fell to its lowest level since February 2021, and shifting… Read More

High inflation persists, but pressure may ease. The Consumer Price Index advanced 9.1 percent year-over-year in June, its fastest pace since November 1981. Accelerated inflation was predominantly driven by higher energy and food prices. Excluding those two categories, core CPI inflation was 5.9 percent last month, a slowdown from the March high of 6.5 percent. While a widespread shortage of raw materials, finished goods and labor continue to push up prices, some relief may be… Read More

Possible recession predictor lit up this month. In early July, the spread between the two-year and 10-year treasuries inverted, with the yield on the shorter-term instrument inching above that of the long-term note. Typically, bonds with longer maturities pay a higher interest rate to compensate investors for the risk of holding those assets longer. When yields invert, it implies investors perceive more economic risk in the near future than down the line. Six of the… Read More