GowerCrowd's Weekly Update - Sept 1, 2023

Highlights from this week's news update from in and around the commercial real estate industry

With Adam Gower, host of The Real Estate Reality Show on YouTube and podcasts everywhere, and guest, David Saxe, Managing Principal at Calvera Partners

In today's commercial real estate news update we cover these topics and articles - and be sure to listen through to the end as Dave and I have fun with some recent LinkedIn posts and Facebook ads that need to be seen to be believed... 🙂

1. Interest rate lag and the inevitability of more distress to come

https://www.globest.com/2023/08/29/maybe-secret-distress-is-behind-cre-market-performance/

https://www.bloomberg.com/news/articles/2023-08-23/landlords-with-1-2-trillion-of-debt-face-rising-default-risks

2. The housing market is frozen

https://www.bankrate.com/mortgages/high-rate-spreads/

https://markets.businessinsider.com/news/commodities/housing-market-broken-mortgage-rates-supply-demand-mohamed-el-erian-2023-8 

3. Is crowdfunding for CRE dead?

https://newrepublic.com/article/172775/grant-cardone-hustle-culture-real-estate

https://www.propmodo.com/will-crowdfunding-for-commercial-real-estate-ever-catch-on/

 

 

 

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David Saxe Bio: As a Managing Principal at Calvera Partners, David Saxe focuses on fundraising, investor relations, and corporate marketing. At CIM Group, he completed over $575 million in investments in apartments, condominiums, retail, offices, and hotels. Previously, he was a Senior Market Research Analyst with Equity Office Properties Trust, where he was responsible for analyzing potential acquisitions, dispositions, and developments in major office markets. David graduated cum laude and Phi Beta Kappa with a BA in Economics from Northwestern University and received an MBA from the Haas School of Business at the University of California, Berkeley.

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