TAG Industrial Watch: November 9, 2024

Commercial real estate investors concerned about the possibility of losing the 1031 Exchange and facing higher capital gains taxes can now breathe a sigh of relief. Donald Trump became only the second candidate behind Grover Cleveland to be elected to two non-consecutive presidential terms. However, those expecting an economic boom starting in 2025 could be disappointed. While the stock market responded positively to Trump’s reelection, the bond market sold off with rates on the 10-year Treasury topping 4.4% the following day. Trump’s promises to cut taxes again without cutting spending equals bigger budget deficits. While the Federal Reserve again cut interest rates on bank-to-bank loans by 25 basis points this week, bigger budget deficits will likely continue to override these rate cuts and put more upward pressure on U.S. Treasuries and thus commercial mortgage rates.

I N D U S T R I A L   N E W S

10-Year Yield Jumps On Election News
GlobeSt.com – November 7, 2024
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Industrial Report: Why Things Are
Looking Up For Ports, Supply Chains
Commercial Property Executive – October 31, 2024
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Franchise Group, With Chapter 11, Plans To
Close 300-Plus Store American Freight Chain
CoStar – November 4, 2024
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The Relationship Between Transportation
Infrastructure And Industrial Growth
Connect CRE – October 24, 2024
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R E G I O N A L   N E W S

$63M Secured For 704K-SF
Chicago Industrial Portfolio
Connect CRE – October 28, 2024
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Timber Hill Buys Four Industrial Outdoor Storage
Sites Totaling 23.1 Acres In Laredo, Texas
REBusiness – October 23, 2024
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It’s Not Quite 2021 Again, But Houston
Industrial Product Is ‘Flying Off The Shelves’
Bisnow – October 15, 2024
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Alterra IOS Acquires 4 Industrial
Outdoor Storage Sites In Houston MSA
Businesswire – September 12, 2024
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Alterra IOS Adds 3 Chicago-Area Industrial
Outdoor Storage Sites To National Portfolio
Businesswire – October 9, 2024
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