To help us ensure future delivery of the Weinstein Newsletters to your inbox (and not your bulk or junk folder), please add our "from" address to your address book or email whitelist.


Weinstein Realty Consultants
 
 
 
  Investor Survey Cap Rates
(Download PDF)
 
  Central Pennsylvania
Property Transfers
(Download PDF)
 

 
 
 
 
AFTER THE RETAIL APOCALYPSE, PREPARE FOR THE PROPERTY TAX MELTDOWN
Big-box retailers nationwide are slashing their property taxes through a legal loophole known as "dark store theory". For the towns that rely on that revenue, this could be a disaster...
Click here to read more

 



   
 

 
US economic growth will slow "significantly" next year, according to Wall Street's best-known investment bank Goldman Sachs, as gradual tightening of rates by the Fed combines with the fading impact of Donald Trump's tax cuts. Robust job creation will continue to push down the unemployment rate, the bank believes,
possibly as low as 3% by early 2020 – down from 3.7%. That should push up wages and boost inflation to 2.25% by the end of 2019, Goldman said, bolstering the case for US central bank action to control it...

 
The perils of tax increment financing could prove to be very costly to property owners that are part of the Galleria at Pittsburgh Mills development in Frazer. They could be facing a total of $5.4 million in special assessment next year if
property tax revenues fall short of what is needed to make the debt payment on the TIF bonds that were floated as part of the malls' development more than a decade ago...

 
Hotels are doing better than ever. More rooms have been occupied in 2018 at higher rents than ever before. "We are at peak performance – and we don't expect that to change much," says Jan Freitag, senior vice president of lodging insights for research firm STR. Hotel owners still worry about the rising costs to operate
their businesses, however. Even though the average revenue produced by hotel rooms is likely to keep rising, room rates are not growing as quickly as the cost of operations...
 
The limited supply of urban industrial inventory available for "last mile" e-commerce distribution space is causing investors and end-users to get creative by repositioning other types of real estate with failed uses or shrinking demand, according to a JLL report, "Urban infill: the route to delivery solutions. The report
notes that annual total e-commerce deliveries have more than tripled over the past five years, but development of new urban industrial infill assets has