Housing Emergency, Mid-6% Mortgage Rates, and Major CRE Deals
GRO GROUP MARKET UPDATE for September 2, 2025. We cover mortgage rates holding in the mid-6 percent range with the 10-year Treasury near recent levels, ISM Manufacturing at 48.7, and mixed trends in construction spending. On policy, the administration is discussing a potential national housing emergency focused on permitting, fees, and input costs; no declaration has been issued. In transactions, San Francisco’s Parc 55 and Hilton Union Square advance out of receivership, SL Green enters contract for 346 Madison Avenue and 11 East 44th Street (about 160 million dollars), and industrial deals…
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