Connect with us

Technology

September LightBox CRE Activity Index Reflects Strong Early Response to First Interest Rate Cut

Published

on

IRVINE, Calif., Oct. 7, 2024 /PRNewswire/ — LightBox, a leading provider of commercial real estate (CRE) information and technology, released its Monthly CRE Activity Index for September, showing a modest increase in transaction velocity.

This aggregate measure of activity in commercial property listings, environmental due diligence, and appraisals collectively tracks shifts in the velocity of key functions that support CRE transactions. After August’s Index of 89.9 ended a five-month streak of increases that took root in March, the September CRE Activity Index rebounded sharply, rising to 98.2. This is 8.3 points higher than August, and a notable 10.3 points above the 87.9 recorded one year ago, when the dearth of properties listed for sale and the bid-ask gap between buyers and sellers hindered transaction volume.

The increase was fueled by an uptick in commercial property listings, which typically happens after Labor Day as the market settles into the final months of the year. September’s biggest development was the Federal Reserve’s first interest rate cut since 2020, which spurred a positive reaction from the CRE lending and investment markets. “The 50-bps cut was an unexpected but welcome surprise for CRE, providing a psychological boost,” said Manus Clancy, LightBox head of Data Strategy. “Even a 25-bps cut would have signaled to the market that a new era of capital deployment has finally begun,” Clancy said.

Declining rates will lower costs for borrowers with maturing loans, many of which were extended in hopes of refinancing under better conditions. As debt costs fall and buyer interest grows, CRE activity is expected to gain momentum, leading to more property sales—both traditional and forced.

However, the young recovery could be impacted by recent macro events like the devastation from Hurricane Helene, the escalating conflict in the Middle East, and the upcoming November election. “All of these pose the risk of dampening positive momentum for CRE activity in October and the rest of the 4th quarter,” Clancy noted.

Despite the market’s challenges and risks, the rate cut triggers the start of a new growth cycle for CRE. According to the report commentary, as clarity on future interest rates improves, the market should expect stronger transaction and lending velocity, lower cap rates, and rising property valuations—bringing a resurgence of market enthusiasm that has been largely absent for several years.

Read the full report

About LightBox

At LightBox, we are at the forefront of delivering advanced and precise solutions for commercial real estate intelligence. Our dedication to innovation propels real estate professionals forward by providing them with the essential tools required to navigate complex decisions, minimize risk, and boost productivity across the spectrum of real estate operations. LightBox is renowned for its commitment to promoting excellence and fostering connections in the industry, serving an extensive clientele of over 30,000 customers. Our diverse client base spans commercial and government sectors, including but not limited to brokers, developers, investors, lenders, insurers, technologists, environmental advisors, appraisers, and other businesses that depend on geospatial information. To discover more about how LightBox can illuminate the path to informed real estate solutions, visit us at: www.LightBoxRE.com

Media inquiries: media@lightboxRE.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/september-lightbox-cre-activity-index-reflects-strong-early-response-to-first-interest-rate-cut-302268777.html

SOURCE LightBoxRE

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Greenway Health Announces New Chief Information Security Officer

Published

on

By

Paul Ford brings extensive leadership and expertise in cybersecurity, further strengthening Greenway Health’s commitment to data protection and compliance

TAMPA, Fla., Oct. 7, 2024 /PRNewswire/ — Greenway Health, a leading health information technology services provider, announces the appointment of Paul Ford as its new Chief Information Security Officer (CISO). Ford brings over 16 years of experience in the field of information security, making him a valuable addition to Greenway’s leadership team.

Most recently, Ford served as Director of Information Security at Inovalon Inc., where he led high-performing teams to ensure the seamless delivery of cybersecurity and IT services. His expertise spans multiple domains, including cybersecurity operations, security architecture, security engineering, application security, and compliance and governance.

Ford also served as Manager of Information Technology at Credible Behavioral Health, where he oversaw the entire corporate IT department and implemented vital security programs. Prior to that, Ford held key roles in information technology at the US Naval Academy, contributing to enterprise-scale projects and enhancing security operations.

“As Greenway continues to expand and evolve, the addition of experienced leaders like Paul is crucial to our mission of maintaining top-tier cybersecurity standards,” says David Cohen, Chief Product and Technology Officer at Greenway Health. “His expertise will be instrumental as we strengthen our security frameworks and enhance the protection we provide to our clients and patients.”

This appointment comes as part of Greenway’s broader investment in its leadership and infrastructure to support sustained growth. Over the past year, the company has made significant strides in its go-to-market strategy, expanding its leadership team and enhancing its ability to meet the evolving needs of clients and their patients.

At Greenway, Ford will focus on advancing the strategic and comprehensive information security program that defines, develops, and implements policies and controls to protect systems containing electronic Protected Health Information (ePHI) and other critical assets. He will also lead efforts in managing security risk and maintaining compliance with regulatory frameworks such as HIPAA, HITRUST, and NIST, ensuring Greenway meets the highest industry standards for information protection.

Greenway Health is a leading health information technology service provider specializing in electronic health records with its flagship Intergy and Prime Suite products. Greenway and its award-winning solutions have been ranked highly in the Best in KLAS awards by KLAS Research, an independent research organization that assesses healthcare vendor performance through independent feedback from users. Additionally, Greenway Health’s revenue cycle solution, Greenway Revenue Services, was named the 2023 North American Customer Value Leadership Award in Frost & Sullivan’s Best Practices Award.  

To learn more about Greenway Health and how its solutions benefit providers, visit https://www.greenwayhealth.com.

About Greenway Health
Greenway Health provides electronic health records (EHR), practice management, and revenue cycle management solutions that help practices in multiple specialties grow profitably, remain compliant, work more efficiently, and improve patient outcomes. Its team of clinical, financial, and technology experts serves as trusted advisors, committed to enabling successful providers, empowering patients, and building healthier communities. Greenway works with thousands of providers across multiple specialties, translating into millions of lives touched daily by its solutions. For more information on Greenway and its holistic solutions, visit www.greenwayhealth.com, call 877-537-0063, or follow Greenway on Facebook, Twitter, and LinkedIn.

View original content to download multimedia:https://www.prnewswire.com/news-releases/greenway-health-announces-new-chief-information-security-officer-302268924.html

SOURCE Greenway Health

Continue Reading

Technology

“Thanks To All of These Liars” a Political Atomic Bomb of a Song by Crooner Frank Lamphere, Set to Explode Across the Internet

Published

on

By

Lamphere and his swinging band unabashedly tell the “in the dark” voter about the purported deceptions from their “reliable” news sources and government

CHICAGO, Oct. 7, 2024 /PRNewswire/ — Traditional pop singer-songwriter Frank Lamphere, hopes his new musical, pro-conservative political statement “Thanks To All of These Liars” will influence undecided voters in the upcoming presidential election. The song’s lyrics, that came to Frank after a Summer morning jog, boldly highlight many of the outrageous and possibly misleading claims reported by the MSN (Mainstream News Media such as: CNN, MSNBC, CBS, ABC, NY Times, Washington Post etc.), the modern-day Democrat Party and the horrible real-life consequences of these lies.

“Honesty is a virtue, and the news media in the US is about as unvirtuous as it gets,” says Lamphere. He’s a working Sinatra type singer, independent recording artist, occasional songwriter, Christian, proud American, politically conservative and also a successful deck contractor (A-Affordable Decks) of 32 years.

A critical song at a critical time for America, “Thanks To All of These Liars,” follows on the heels of the recent chart-topping Trump tribute song “Fighter” by Jon Kahn. In just under 3 minutes, Lamphere’s lyric swingingly blames recurrent big city crime, the flood of illegals, intentional gender confusion, racial strife and sky-high inflation directly where it belongs, on progressive (socialist) democrat policies. “With all of the democrat disasters unfolding, the song could have been two hours long” says Lamphere in a less than gleeful tone. He then closes the tune with the statement that we have one more chance to correct the country’s direction (elect Donald Trump) or we are likely to lose our country.

“One of the premier vocalists in the entire country” Chicago Jazz Magazine. Music career highlights include four CDs released, radio and television commercials, steadies at top jazz clubs in Chicago, headlining numerous Rat Pack themed shows across the country, high-profile corporate and private gigs from Las Vegas to New York to Milan, Italy. Lamphere’s original song I Never Forgot from his 2012 CD Frank Swings was featured prominently in the award-winning film Theresa Is a Mother. Prolific in the recording studio over the last several years, Frank has been utilizing the abundant jazz talent in Chicago and has recorded three more albums. Based on incoming reviews, his unique fifteen song Frank Sinatra tribute Frank Songs, My Way has great potential, once released. (Planned for late 2024). Lamphere is available for musical performance nationwide, with his band.

“Thanks To All of These Liars” is available (here) for direct download and on streaming services

Booking info: www.ratpackjazz.com

For more information contact:
Gregory Allan384384@email4pr.com
www.ThanksToAllOfTheseLiars.com
630-202-4887

View original content to download multimedia:https://www.prnewswire.com/news-releases/thanks-to-all-of-these-liars-a-political-atomic-bomb-of-a-song-by-crooner-frank-lamphere-set-to-explode-across-the-internet-302268925.html

SOURCE Rat Pack Enterprises LLC

Continue Reading

Technology

Eastlink partners with Atlantic Canada’s home improvement store, KENT Building Supplies

Published

on

By

HALIFAX, NS, Oct. 7, 2024 /CNW/ – Eastlink, in partnership with KENT, is pleased to announce that it has opened its first store-in-store at KENT’s flagship Dartmouth Crossing location.

“We’re really proud to partner with a company that’s as deeply rooted in Atlantic Canada as we are,” said Jeff Gillham, CEO Eastlink. “We’re always looking for more ways to connect with our customers. One of the ways we can do that is by adding more places where they can shop and we can support them. Our team is excited to welcome customers to this new location with an enhanced experience that enables them to truly make the most of their time.”

“Both KENT and Eastlink are committed to providing high-quality products and exceptional service, making this partnership a great fit,” said Rannie MacDonald, General Manager, KENT. “With the continued integration of smart home devices and appliances, our customers can now get even more of what they need for their home, including mobile phones, internet, and video services, in one convenient stop.”

This is Eastlink’s first store-in-store location. The company operates 24 retail locations across Atlantic Canada. KENT currently operates 48 retail locations in communities across New Brunswick, Nova Scotia, Newfoundland, and Prince Edward Island.

SOURCE EastLink

Continue Reading

Trending