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See below for news about Paramount Property Company and our markets.

At Paramount Property Company, we reject racism, inequality, hatred, and cruelty in all its forms.

As an organization, we are committed to supporting the success of this important racial justice movement. We are listening and we will continue to be accountable in managing office properties in ways that reflect our nation and the best of its ideals — diversity, equity, inclusion, and cultural competence.

We are committed to doing our part to realize these overdue demands for change — by listening to our teams, our partners, those who are the most vulnerable and disenfranchised, and those struggling with the most grief. We will listen not only for ourselves and in pursuit of progress, but most importantly, out of respect for those whose voices have been silenced.

The opportunity zone market continues to draw national attention. With Paramount’s headquarters in an opportunity zone itself (West Oakland), we look forward to what’s to come in the latter half of 2019.

Bisnow writes that investors are claiming a lack of clarity is stalling any kind of large-scale benefits in opportunity zones (OZs), which proponents promised would come to distressed communities.

The story notes recent data from research company Reonomy shows a dwindling share of investments going to the country’s 8,700 OZs, but those numbers go up to March just before the Treasury Department’s second round of guidelines were released.

OZ fundraisers say they have seen enough of a boost in investment activity since April to suggest the program could start working after all. A sense of urgency also makes it more likely that opportunity zone funding could markedly increase by the end of 2019. There has been more capital drawn to opportunity zones since April, and many cities may start seeing increased investment in their designated zones.

Read the full story at Bisnow.com

Market Indicators were recently covered in BisNow.

Indicators that the economy is headed for a recession are piling up. One indicator, that has been consistently positive since the last recession in 2007, inverted on Friday. The spread between the 10-year and three-month treasury yields went negative. The inversion of this curve has been the harbinger of a recession in the US on a reliable basis since World War II.

The yield on the long-term Treasury bonds continued its year-long decline, reflecting a dearth of optimism in the markets long-term health against the Federal Reserve’s short-term monetary policy. Reports caution that correlation does not necessarily equal causation, as pre-recession investment sentiments will send investors flocking toward safer bonds could cause the inversion, rather than the other way around.

After over a year of interest rate hikes in response to economic strength, the Fed indicated that it does not plan to raise rates any further this year. For some time now, the commercial real estate investment market has been white hot, especially for multi-family and especially from institutional-size investors with the scale to choose between entire sectors of the global economy and influence those sectors. Even as multi-family and industrial are considered safe-holds in the impending downturn, the competition for those assets is to change the fundamentals of those deals. The eventual severity of the recession could determine at what point the price tags cease to be worth it.

Read the full article here.

How Paramount Property Company is responding to the COVID-19 virus