The Peebles Corporation

Foreclosures in Washington, D.C. have doubled since last year, with 24 reported foreclosures of primarily older Class A or B office buildings with high vacancy rates as of late November. These declines have led to a $143 million loss in property tax revenue for D.C. since 2020, highlighting the ongoing struggles in the commercial real estate market. However, as developers, opportunism is the key to navigating through various economic cycles. During the seemingly unfavorable climate of the savings and loans crisis of the early 90s, I bought the former Washington Loan & Trust building and converted it into a 188-key hotel. It ultimately  generated significant revenue for the nation’s capital, making it one of the Marriott’s top performing properties. bizjournals.com/washington/n…

Wall Street's growing investment in single-family rental homes seeks to address the housing crisis, but risks exacerbating long-term affordability challenges, particularly for far too many Americans. wsj.com/real-estate/build-to…

Hurricane Helene Victims Face Denial of Insurance Claims: This is going to be a major issues confronting North Carolinians and Floridians. The Federal Government needs to bridge the gap to help these homeowners rebuild. therealdeal.com/national/202…

Progress: A new 10-year study reveal that while more women hold top corporate positions than ever before, they still lag behind men in crucial early promotions into management, limiting their advancement to higher roles. wsj.com/lifestyle/careers/a-…

The upcoming jobs report being release tomorrow will be a critical indicator for the US economy, clarifying whether the recent rise in the unemployment rate was a temporary issue or the beginning of a more significant decline. Both presidential candidates will have a lot to say about.

2025: the year of CRE buying opportunities. Office & apartment building owners have $1.5 trillion of debt due by the end of 2025. Experts feel over 25% will be difficult to refinance. Added to current maturities will create significant buying opportunities fortune.com/2024/09/01/comme…

The distress in the nation’s commercial office markets is beginning to boil over. It’s still early to buy but time to pay attention as the opportunities to buy high quality buildings at astonishing discounts is approaching. costar.com/article/867530642…

This is the man who started modern day economic empowerment. His vision & effectiveness are the reason Atlanta is & continues to be the epicenter of black entrepreneurship. ⁦@ericadamsnyc⁩ can take the baton & move NYC from exclusion to inclusion. ajc.com/news/atlanta-news/th…