11.28.2023
Industrial and Multifamily Sectors Face Challenges, Slowdown
After steady increases, demand for industrial and multifamily space appears to be slowing significantly. Lee & Associates’ 2023 Q3 North America Market Report shows US industrial net growth down 68% in comparative third quarters. The multifamily sector also felt a sharp increase…
Read More11.28.2023
There Are Some Good CRE Opportunities Looking Ahead
Looking ahead to what commercial real estate might do in 2024, which is what PGIM Real Estate just did in a report, requires a baseline starting point. It’s a complex one. “Real estate is adjusting…
Read More11.27.2023
Navigating Acceleration Clauses in Commercial Real Estate Transactions
In the realm of commercial real estate transactions, acceleration clauses play a pivotal role. They are integral components of loan agreements, which can potentially impact the borrower’s financial standing significantly. Understanding and navigating acceleration clauses…
Read More11.27.2023
Commercial Real Estate Lending in U.S. Shows Signs of Stabilizing in Late 2023
According to the latest research from CBRE, the commercial real estate lending market is beginning to stabilize, with borrowing costs appearing to have peaked, even as transaction activity remains subdued. The CBRE Lending Momentum Index,…
Read More11.27.2023
Apartment Concessions Undercutting Rising Rents
Residential rental concessions are hitting a two-year high with 30% of listing offering at least one concessions, according to Zillow based on its own rental listings. The previous recent high was in February 2021, where…
Read More11.26.2023
The looming office space real estate shortage. Yes, shortage
There is more pain to come in the office real estate market across the U.S., with maturing debt needing to be refinanced and a wave of expiring leases, but there is also what may seem at first brush to…
Read More11.21.2023
Industrial Sales Lowest Since 2017
Not long ago, industrial was the CRE darling. Valuations were high, as was demand. Rents kept escalating as problems with global supply chains and a rapid expansion of e-commerce drove unending demand. Well, unending until…
Read More11.21.2023
Multifamily Loans Pose Risk to Regional Banks
Data is starting to show that the multifamily segment is facing more pressure than perhaps many realized. Moody’s Analytics CRE recently brought up the question of whether it was time to worry about multifamily, based on September’s…
Read More11.16.2023
Office Market Braces for Growing Pipeline of Distressed Sales
Many office property owners are heading for the exits amid weaker demand and looming debt maturities, while opportunistic private equity groups are leaning in to capture what could be once-in-a-generation buying opportunities. “This is a…
Read More11.16.2023
Commercial Real Estate Will Revitalize
NAR Chief Economist Yun: Except for office space, commercial property rates are expected to stabilize, though higher interest rates are impacting commercial loans. ANAHEIM, Calif. – Commercial property rates are expected to stabilize – aside…
Read More11.16.2023
CRE Price Declines are Starting to Stabilize
Trepp regularly watches property prices, using an index technique to show relative strength compared to some baseline year. Right now the Trepp Property Price Index, self-described as a “vital tool for gauging the health of…
Read More11.16.2023
Apartment Rents Fall a Second Straight Month – This Time by $3
Rents in October fell by $3, according to Yardi Matrix, marking the second consecutive month of downward data. The Northeast and Midwest showed modest growth, but it was offset by declines in the Sun Belt…
Read More11.15.2023
Is the Commercial Real Estate Panic Overblown?
Since the COVID lockdowns, one of the pervasive market narratives has been the demise of commercial real estate. With many Americans now working entirely remotely or in hybrid arrangements, offices are much less central to…
Read More11.15.2023
2023 Federal Economic Area Report
Read the current Federal Economic Area Report provided by CARNM and RPR. This report offers real estate professionals a window into demographics and consumer behavior in the state of New Mexico. View the report here.
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11.15.2023
A Snapshot of Changing Market Trends
Rigorous risk management needs to be the watchword for lenders in the world of commercial real estate amid the uncertainties afflicting most segments of the market, according to CoStar. “The rapidly changing market conditions underscore…
Read More11.14.2023
In-N-Out buys land from University of New Mexico for $2 million in South Campus TIDD
Popular fast food chain In-N-Out Burger, which recently announced it was coming to Albuquerque in 2027, has purchased a 2-acre plot for $2 million from the University of New Mexico. The land, located at the corner of…
Read More11.14.2023
New Mexicans to Know: Scott Whitefield becomes CBRE vice president, again
Former principal of Colliers New Mexico-El Paso joins CBRE as the firm's new vice president. Now in his second stint with the firm, Scott Whitefield is specializing in office landlord and tenant representation with CBRE. Whitefield previously served as the company’s vice…
Read More11.13.2023
MBA: Commercial Real Estate Falls in Q3
The Mortgage Bankers Association said third-quarter commercial loan production fell again in the third quarter, approaching levels not seen since the start of the COVID-19 pandemic. The MBA’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations released Tuesday…
Read More11.13.2023
How Commercial Real Estate Brokerages Are Leveraging Technology
Driven by technological advancements, the world of commercial real estate has undergone significant transformation in recent years, which has become very evident in investment sales. Specializing in multifamily investment sales in Texas, I’ve seen firsthand…
Read More11.13.2023
Office Asking Rents Hold Firm as Vacancies Increase
The record high vacancy rate established during the Global Financial Crisis is “being comfortably put in the rearview mirror,” according to Colliers’ Steig Seaward in his firm’s Q3 US Office report. The vacancy rate increased…
Read More11.13.2023
The Clearest Sign Yet That Commercial Real Estate Is in Trouble
Foreclosures are surging in an opaque and risky corner of commercial real-estate finance, offering one of the starkest signs yet that turmoil in the property market is worsening. Lenders this year have issued a record…
Read More11.07.2023
Titan Development to create thousands of ready-to-build residential lots at Mesa del Sol
Mesa del Sol is partnering with Titan Development to prep thousands of residential lots on the western edge of the community. In a joint news release Tuesday, the two businesses said the first lots will…
Read More10.30.2023
Industrial Market Rebalances as E-commerce Growth Normalizes in U.S.
The e-commerce boom that began in the early days of the pandemic helped send demand for industrial real estate to never-before-seen heights, but as growth has normalized, a rebalancing has taken shape, according to CommercialEdge's…
Read More10.30.2023
White House unveils office-to-residential conversion guidance that could unlock billions for projects
The Biden administration is unrolling new guidelines on how federal programs and funding can be leveraged to convert vacant office properties into other uses, chiefly residential. The White House on Oct. 27 unveiled the series…
Read More10.30.2023
Multifamily Developers Take a Practical View of Risk
LOS ANGELES—Interest rates represent just one of the many factors impacting the development of multifamily housing, as highlighted by Daniel Doyle, Chief Operating Officer of the Beach Co., during a recent development session at the…
Read More10.30.2023
White House Unveils Plan For Residential Conversion Push
The White House announced a plan on Friday to help commercial property owners — with a focus on office — convert buildings to residential use. “These announcements will create much-needed housing that is affordable, energy…
Read More10.27.2023
Top 10 Roadblocks for the Real Estate Market in 2024
Global unrest, economic uncertainty and eroding home affordability are among the top issues facing the real estate industry over the next year, according to The Counselors of Real Estate’s annual report, “Top 10 Issues Affecting…
Read More10.27.2023
CBD Office Once Held the Distress Advantage Over Suburban. No Longer
The office sector has faced significant challenges since the pandemic, with U.S. commercial mortgage-based securities, or CMBS, having seen default rates jump by nearly a factor of four since the pandemic. But there’s also been a…
Read More10.23.2023
How the Multifamily Industry Survived 2023
LOS ANGELES—During a recent capital and lending session at the GlobeSt. Multifamily Fall Conference, experts discussed the evolving financial landscape. They reflected on the period from 2011 to 2012 when rates remained relatively stable, with…
Read More10.23.2023
What Apartment Rent Growth Will Look Like in 2024 According to One Economist
For five straight months apartment rents have dipped, with the latest numbers for September showing that overall prices were down 0.7% year over year, according to Realtor.com. It found that median asking rents in the…
Read More10.20.2023
Profit Margins Increase for Single Family Homes
Profit margins on median-priced single-family home and condo sales in the US increased to 59 percent in the third quarter, according to The ATTOM third-quarter 2023 US Home Sales Report. That’s the second consecutive quarterly…
Read More10.19.2023
Distressed commercial real estate debt hit $80 billion last quarter, the highest amount in a decade
Pressures are building on the commercial real estate sector, with distressed debt on commercial properties climbing to a 10-year record the past quarter. The value of commercial real estate properties that were in bankruptcy, repossessed,…
Read More10.19.2023
October 2023 Commercial Real Estate Market Insights
In the final quarter, there is usually the opportunity to end a year and start the next year strong. Although the third quarter of the year has already ended, there is still much uncertainty in…
Read More10.19.2023
Distressed CRE Reaches Ten-Year High
Distress has been the buzzy question making the rounds of commercial real estate for more than a year now. When will it really start? When will the falling prices finally bring in the large mounds…
Read More10.18.2023
Banks have pulled back from office real estate but no CRE sector ‘will be spared’
Banks — historically the primary lender to commercial real estate — are pulling back significantly on their lending activity within the sector. It's creating ripple effects that are already dampening a broad range of activities…
Read More10.18.2023
Multifamily Remains a ‘Favored Nation’ CRE Asset Class
Multifamily remains the most attractive asset class in commercial real estate, with industrial and self-storage not far behind, according to Leo Leyva, co-chair of the Litigation, Real Estate and Real Estate Special Opportunities departments at the…
Read More10.17.2023
How Advisors Can Address the Risks Currently Facing Client Portfolios
Like many investors, your clients may have concerns about the current economic landscape. Persistent inflation has been frustrating, and higher interest rates have increased the cost of borrowing. Many forecasters have predicted a recession in late…
Read More10.17.2023
What High Interest Rates Mean For Commercial Real Estate Investors
Interest rates play a pivotal role in commercial real estate, as they have a profound influence on investment decisions and market dynamics. The commonly held belief suggests that low interest rates are favorable for investors…
Read More10.17.2023
Former home of Macaroni Grill finds new tenant
The former home of Macaroni Grill has found a new tenant. Fidelity Investments, a financial services firm, will take over the out-parcel site at 2100 Louisiana Blvd. NE. in the Winrock Town Center. The restaurant…
Read More10.16.2023
Commercial real estate will see ‘a lot of things breaking’ and is one of the reasons the Fed will stop raising rates, market veteran say
The commercial real estate market is wobbling, and market veteran Ed Yardeni thinks it will help get the central bank to stop hiking rates. Bond yields have jumped in recent months, making the cost of borrowing…
Read More10.16.2023
Why some cities are likely to see taller warehouse projects — and the role Amazon is playing
After proliferating largely in other parts of the world, multistory warehouses are beginning to rise in the United States. Nationally, there were 62.8 million square feet of warehouses with three or more stories in the…
Read More10.16.2023
Here’s the Most Unexpected Twist of the Apartment Sector in 2023
For me, this is the biggest surprise of the U.S. apartment market in 2023: The surge in apartment construction is softening the Class B market more than any other asset class. In high-supply submarkets, Class…
Read More10.16.2023
2023 Q3 Saw Problems for Retail, Especially With Low Construction
CoStar Group released its review in retail, multifamily, hospitality and office for the third quarter of 2023. While not all have been bad, it was a tough period for each of these property types. The…
Read More10.14.2023
How sky high mortgage rates rates slow commercial real estate
Welcome to our glorious SoCal fall! As days shorten, leaves crunch underfoot, and temperatures cool – our commercial real estate market faces several headwinds. Hamas’ blatant attack on Israel, the ouster of our House speaker,…
Read More10.12.2023
Goodwill Industries of New Mexico to open retail, services center in Carlsbad
Goodwill Industries of New Mexico is expanding its footprint to Carlsbad. The new store and services center is located at 1108 West Pierce St. The 23,000-square-foot space will offer career service development, skills training, veteran programming and…
Read More10.10.2023
Retail Continues a Long Slide
MSCI’s series on capital trends in various CRE sectors took retail out for a trial run and brought it back to the store. “Deal volume for the retail sector continued the slide that began in…
Read More10.09.2023
US industrial market continues to slow as record amount of construction delivers
The U.S. industrial market saw an uptick in vacancy in the third quarter, as a record amount of construction delivered and leasing activity waned. Across markets tracked by Cushman & Wakefield plc (NYSE: CWK), the…
Read More10.04.2023
After inflation’s boom, here’s how ABQ ranks for affordability
Inflation has soared over the past two years, yet, the Duke City remains one of the nation's most affordable places to live. The Business Journals analyzed Bureau of Economic Analysis’ Regional Price Parity Index data…
Read More09.27.2023
September 2023 Commercial Real Estate Market Insights
While the massive interest rate hikes have hammered the commercial real estate market, the recent Federal Reserve decision to hold rates unchanged will give the market a break. After 11 collective rate hikes in the…
Read More09.11.2023
Commercial Office – What Happens Next?
Predicting the future of the U.S. commercial property market is never easy. Fortunately, research conducted by industry thought leaders provides key insights that should help lenders better position themselves for the murky future ahead. The…
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