The chairman of the Federal Reserve. He held a press conference yesterday regarding interest rates.
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Oh well I hope they go down soon. The economy is futile right now so I understand.
Not raining on my parade. The rate drop news was just reflecting what the Feds said. A Google search will show dozens of outlets reporting the same thing.
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To go further down the rabbit hole, the Fed releases their âdot plotâ 4 times a year. Their first one for this year was included as part of this Fed meeting. It includes each of the 19 members of the Fedâs guestimate of what the future holds for the Fed Funds Rate. The bulk of them are showing 3 cuts this year with a few showing zero to 2 cuts & a few others showing more than 3. The last time they released their dot plot estimates was the December 2023 meeting & it also showed 3 cuts in 2024 although there was more consensus then. Thankfully economy running a little hotter to start the year hasnât changed their expectations much so far & rates will come down further as the year progresses.
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Yea for sure. Just forecasts though which change frequently and evenly split basically amongst the members between 3 and 2 or fewer cuts, and shift to the latter from last meeting. Also at odds with some of their other forecasts like marking up growth and inflation. âVery unlikelyâ might have been strong. Just not something I would personally expect as of now but not ruling it out or anything. Didnât mean to get off topic!
Actually just the opposite. All metrics are indicating economy is extremely strong, outside of a few sectors like tech. Wage continues to grow albeit lower than last year, but that does also contribute to inflation. Unemployment still at historical lows and consumer sentiment remains high. Corporate earnings are also still healthy.
No reason to lower rates if the economy stays this way. I suspect lowering inflation that last % from 3 to 2% will take way longer than dropping from 7 to 3%.
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Honestly, a 20-story residential building there quickly would make me much happier than a 3-year battle for 20 more stories.
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This lot is one of the few remaining slam-dunk 40-story rezoning opportunities, as it sits just one block from the CBD of Fayetteville St. First, I wouldnât expect it to be a âbattleâ to rezone it, at all. There are virtually zero arguments to be made against that. Second, whatever is built here will be there forever. I would rather something substantial on one of the most PRIME lots in the entire city than something that doesnât maximize its potential just because itâs âeasierâ âŚ
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Shout out the 
and Highwoods putting some effort into Faye St after a loooong gestation periodâŚ
But, who here really expects Highwoods to build anything much beyond 20 stories???
Granted any building in that range (or preferably beyond, but not holding my breath) beats that dirt lot eyesore, mind youâŚ
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Highwoods built and is building plenty of 30+ towersâŚin Nashville.
Their home market of Raleigh just not worth putting less capital towards Nashville projects.
I just learned that Highwoods is investing something like $120 million in its DTR properties to make them even more attractive in the future. While thatâs not as sexy as new buildings, itâs critical that we keep the buildings we have nice and full.
They also mentioned that they have big plans for new DTR development, but the capital markets are horrible right now. Itâs just a reality weâve got to work through.
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True. As a developer enthusiast I just miss seeing buildings under construction, hereâs a quote from a famous real estate developer
âThe economy does better under the Democrats than the Republicans.â - Donald J, Trump
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Yes, I am aware but, Iâm commenting on DTR
Popped up on TBJ this morning⌠https://www.bizjournals.com/triangle/news/2025/11/03/highwoods-sells-raleigh-parking-lot-parkway-corp.html?cx_testId=40&cx_testVariant=cx_45&cx_artPos=1#cxrecs_s
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Such an important lot, this is excellent news. Thanks for the link.
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An out-of-state developer too⌠I think this bodes good news for maximization of the siteâs potential. Zoned for 40-stories, why would this out-of-state developer buy the lot to not go to full zoning and maximize its use??
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Something I think that could work here is a hotel/residential combination. Even with the Omni, we need more hotel rooms downtown, and it doesnât hurt to add residential to the top as well to continue adding density to that block.
Is this new tallest territory? The site would be perfect, but I doubt this gets anything over 500ft, and I think I am ok with that.
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Not in CRE but probably a lot of incentive to just sit on it if you are getting 25% real return per year like Highwoods was for a decade. Seems like they have a similar playbook at first glance
Anywhere near 500ft would be a blessing. PNC would still be tallest, but anything close to its height would look great right next door!
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Thereâs a reason why this has been a gravel parking lot for so long. Just sayinââŚ