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Don Peebles
@rdpeeblesjr
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Real Estate Developer; Hotelier; Author-The Peebles Principles; Nat'l political & Biz Commentator@FoxBusiness, @FoxNews, @CNBC, @MSNBC
New York, NY
Joined December 2016
@FrankLuntz @WestPoint_USMA Inspiring reminder of what makes America the greatest nation in the world.
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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.
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South Florida’s housing market is a tale of two cities. Luxury sales continue to soar, but affordable options are scarce. Apartment rents are down slightly, but $2,367 is well above the national average and out of reach for many. As we welcome new leadership in 2025, we must prioritize workforce housing.
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Trump doubled his black support because the national Democratic Party has failed black Americans and it’s that simple. #FoxBusiness
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This is how I saw it Saturday 11/2/2024: last night was no sunrise or accident. A growing number of Americans are rejecting identity politics and want major change. Democrats must rethink their priorities and policies. via @YouTube
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Today Americans have an opportunity to have our voices heard. As citizens of democracy, it is not only our right, but it is our responsibility to hold the system accountable. However, being heard is a luxury that many Americans do not have the opportunity to exercise. I encourage everyone, but especially those whose voices have been silenced by injustices and citizens who have been overlooked and forgotten, to take this opportunity to be catalysts of change. Although our system is flawed, and our nation is infected with unfairness, it is imperative that we all take advantage of our constitutional right to help determine its future. There is hope, only if those in most dire need of change #GOVOTE.
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The Federal Reserve Bank of New York has uncovered widespread tweaking commercial real estate mortgage terms by banks in an effort to hide losses. Still struggling to recover from the impacts of the pandemic, this effort to conceal losses may subject our financial system to more risk, especially given the existing strain on banks caused by the interest rate hikes that took place between 2022-2023. An intensified sense of urgency to stabilize the market is likely to influence policy decisions made at the upcoming Fed meeting early next month, potentially placing the already-vulnerable market sector under more stress. Considering that NYC hosts one of the largest commercial real estate markets in the world, this kind of panic from the state’s federal reserve bank should significantly heighten existing concerns about the state of the CRE sector, nationwide.
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In the face of rising interest rates, the ultra-luxury real estate market is experiencing exponential growth, most notably in pro-business states, like Florida and Texas. For example, in the Dallas-Fort Worth metroplex, affluent buyers have accounted for 11 sales of homes over 10 million this year, and all-cash buyers now make up nearly 26% of the market. The area’s booming market is driven by a robust economy, which unlike Houston’s, holds its dependence across multiple industries. Texas’s pro-business infostructure paired with its blossoming ultra-luxury market continue to draw-in an influx of uber-wealthy individuals, verifying that major cities in Texas host amongst the hottest housing markets in the country.
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@Bakari_Sellers @KamalaHarris If this wasn’t so disappointingly sad it would be offensive. There is nothing meaningful here and black men don’t need a hand out we need a level playing field and a fair and unrigged financial system. We need to get to a place where everyone has a fair opportunity.
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RT @Bakari_Sellers: Today @KamalaHarris released an agenda for black men. We’ve talked about having candidates listen to our needs and conc…
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