Press ReleaseReal Estate partner, David Curry, was recently quoted in GlobeSt.com‘s article “Fed Rate Hike Has Serious Long-Term Implications for CRE” following the Federal Reserve’s 25-basis-point rate hike.
As borrowing costs, inflation and economic uncertainty continue to shape the market, the latest Fed decision could have lasting implications for CRE investors, owners and developers.
From the article:
“Higher debt service obligations for buyers tend to drive purchase price bids down, as investors try to achieve comparable cap rates from their investments as costs increase,” David Curry, a real estate attorney at Farrell Fritz, tells GlobeSt.com.
🔗 Read the full article to hear Dave’s perspective and learn more about what the rate hike could mean for commercial real estate: Fed Rate Hike Has Serious Long-Term Implications for CRE
