Alex joined the company 13 years ago and has been involved in over $500,000,000 of sale & lease transactions, as well as donating his time to numerous local non-profits. We appreciate his service to our company and community!
For the first time in this cycle, the monthly yield curve spread in U.S. Treasury markets turned negative, warranting a closer look at this widely tracked metric. Yield curve inversions do not cause recessions—but have been good predictors of downturns in the past. There is no recession today; nor is one likely any time soon. In fact, the expansion is expected to continue and become the longest in history. Commercial real estate market performance is anticipated to remain strong, with opportunities for CRE participants to re-engineer their debt and property portfolios.
Global economic growth has downshifted. While slowdowns are uncomfortable, they are also necessary and yield benefits. The Global Macro Forecast report analyzes multiple factors contributing to economic slowdown and what they mean for property markets around the world.
Raising Cane’s is expected to open its second location in Bakersfield later this year.
The chicken-focused eatery has applied for a permit with the city to demolish the old Mimi’s Cafe at 4025 California Ave., which has been vacant for the past few years, with a plan to build a new 4,328-square-foot restaurant on the site.