A String Of Positive CRE Headlines…Finally!

Bisnow July 19, 2024, had a string of very positive commercial real estate headlines. At the top was “Goldman Sacs Reports Gains in Real Estate Investments’ and when I dug into the article, it turns out they got ahead of the curve last year and wrote off a ton of poor investments, and now they are reaping the benefits. The next headline “Real Estate Investor Sentiment Jumps 16%”, followed by ‘REITS See Stocks Surge, Expected to Become More Aggressive Buyers’, then “Prologis To Ramp Up Acquisitions, Says Market Has ‘Opened Up’’…and lastly, ‘Blackstone Leaders Predict ‘Cycle’ of Higher Real Estate Values After Another Slow Quarter.”  Wow, all this good news at once!