07.19.2023
Fewer CRE loans being refinanced, but lenders find other ways to work with borrowers
Lenders and special servicers are looking beyond refinancing options when it comes to working with borrowers on commercial real estate loans that are set to mature in the coming months and years, even as those…
Read More07.19.2023
A New Way of Looking at Industrial Markets’ Volatility and Risks
A new method of ranking industrial markets using a two-dimensional grid reveals changes over time in both sales volume and volatility and claims to offer new insight into risks that may not be apparent in…
Read More07.18.2023
Crash? What Crash? Why Commercial Real Estate Hasn’t Gone Bust…Yet
The commercial real estate market was headed for a nosedive. It seemed so obvious. Landlords had been struggling to fill buildings left vacant after Covid-19 forced remote work. Some commercial builders who had taken out loans…
Read More07.18.2023
July 2023 Commercial Real Estate Market Insights
Leasing velocity slowed down in commercial real estate during the year's second quarter. While there is still much uncertainty about the total impact of the bank failures earlier in the year, there are rising concerns…
Read More07.17.2023
Office Leasing Posts Fastest Growth Rate Since 2021
JLL’s recent chart of the week, showing gross office leasing activity, presented what might be a surprise given the doom and gloom the sector faces. Leasing activity improved in the second quarter with the fastest…
Read More07.17.2023
Commercial real estate lending fell for the first time in 2 years last month as credit conditions tighten
Lending in the commercial real estate shrank for the first time since 2021, a sign that higher mortgage rates and tighter credit conditions are weighing on the sector. Outstanding commercial real estate debt dropped to…
Read More07.17.2023
Commercial real estate prices are still expected to crater, Morgan Stanley warns
The U.S. economy isn’t the only thing unwilling to capitulate despite sharply higher interest rates. Commercial real-estate prices have been heading lower in the wake of the pandemic and the Federal Reserve’s inflation fight, but…
Read More07.17.2023
Urban Retail Availability Increases as Suburbs Flourish
ith workers only venturing into the office a few days a week, it’s no surprise that spending is being re-directed to retail districts closer to where people live, according to a new report from CBRE.…
Read More07.13.2023
How Are Those Return to Office Mandates Working Out?
Back to the office has become a growing chorus from employers in different industries for a host of reasons: Higher productivity, greater innovative thinking—two heads—or 50—are better than one—and even an enhanced healthfulness, according to…
Read More07.12.2023
Multifamily Distress Is Starting, Depending on Where You Look
There’s been a question of whether multifamily would see some significant distress. A couple of years ago, Blackrock thought it would be a long way off. By early in 2023, Yardi thought multifamily distress was going to…
Read More07.10.2023
Office leasing shifts back toward major cities in financial services, but it’s not all good news for those gateway markets
Leasing within the financial-services sector is shifting back toward major cities, although not at the same rate as pre-pandemic days. A recent analysis by Jones Lang Lasalle Inc. (NYSE: JLL) found gateway markets — Boston,…
Read More07.07.2023
Inside Industrial’s Rising Vacancy Rate
A 4.1% increase in the nation’s overall industrial vacancy rate in Q2 2023 is partly due to the number of speculative new industrial space developments now coming to market, according to an analysis by Cushman…
Read More07.05.2023
How Retail Healthcare Is Creating New Real Estate Opportunities
You’ve probably noticed a shift happening around you. Retail spaces and healthcare services are becoming increasingly entwined, resulting in a new era of commercial real estate. This isn’t just a random occurrence—it’s a strategic move driven…
Read More07.03.2023
What Is Really Driving Office Tenants Wait-and-See Attitude?
It has been amply clear that both an uncertain economy and the remote work trend have taken a toll on the sentiment of tenants in the market, many of which have been deferring lease decisions…
Read More07.02.2023
Allen Sigmon Realty Group enters ‘strategic relationship’ with NAI SunVista
Allen Sigmon Realty Group is teaming up with NAI SunVista, a full-service commercial real estate company, to handle its property management portfolio. This new strategic relationship went into effect July 1. NAI SunVista will be responsible for managing…
Read More06.29.2023
Central New Mexico Community College to replace Ted Chavez Hall with skilled trades facility
Central New Mexico Community College (CNM) is constructing a new skilled trades facility to help supply the demand for labor in welding; plumbing; heating, ventilation, and air conditioning (HVAC) and mechatronics. The building will replace the…
Read More06.29.2023
Despite National Slowdown, This Industrial Market Surges Forward
Between slowing consumer spending and declining tenant demand, the industrial market across the United States is off from last year’s peak. However, one market still stands out as a growth driver. Savannah, Georgia, is now…
Read More06.28.2023
Apartment Rents Decline YoY for First Time
May 2023 brought some unpleasant news for landlords and developers. For the first time in Realtor.com’s data history, there was a year-over-year rent decline for 0-2 bedroom-units since numbers started to be tracked three years…
Read More06.27.2023
Office Vacancy Rate Rises 30 Basis Points in One Month
Fresh confirmation, if it was needed, that the U.S. office market is in trouble comes from recent data on vacancy compiled by CommercialEdge in a June 2023 report. “The national office vacancy rate in May was…
Read More06.18.2023
Titan Development unveils $35M multifamily complex at Journal Center
Titan Development last week unveiled the firm's new, 158-unit multifamily complex at Journal Center, a business park in Northeast Albuquerque. The project, Allaso Journal Center, is part of Titan Development's Allaso series of projects and was constructed by…
Read More06.16.2023
Expenses Rising Faster Than Revenues for Many Apartment Owners
Expenses are rising faster than revenues for multifamily affordable housing properties, a trend that will likely continue to accelerate, according to a new report from S&P Global Ratings. Property owners saw net income per unit…
Read More06.16.2023
Prices Are Improving in Many Property Types
A midyear review by a number of Green Street analysts shows improving prices in a majority of property types, as Michael Knott, managing director and head of U.S. REIT research opened with. Yes, office, storage,…
Read More06.16.2023
Why the Fed paused its rate hikes: It’s tired of playing a giant guessing game
After 10 consecutive interest rate hikes, Federal Reserve officials announced on Wednesday that they would pause their fight against inflation to figure out whether the US economy was fully absorbing all that harsh medicine. Following the policy…
Read More06.13.2023
Rescue Capital Lines Up for Opportunities on Multifamily Properties
Across the U.S., apartment investors who paying floating-rate construction or bridge loans are now struggling to keep up with interest payments that have often doubled. New permanent financing may help, but permanent lenders rarely offer…
Read More06.09.2023
Industrial to Stay Strong as U.S. Enters Recession This Quarter, Economist Says
More than 1,200 leaders from around North America gathered to hear updates and projections for commercial real estate’s hottest sector at NAIOP’s I.CON East industrial real estate conference in Jersey City, N.J. The sessions kicked…
Read More06.06.2023
Industrial Investors Show More Caution on New Deals
Industrial real estate—the long-time darling of investors—is beginning to experience cracks in what was previously perceived as a risk-free investment sector. Interest rate hikes, along with economic uncertainty and instability in the banking industry, are…
Read More06.01.2023
Revenue recharge
“How can this property have $150,000 in ancillary income if it doesn’t have a rooftop lease or a parking garage?” read an email from a colleague asking me to look at a property he was…
Read More06.01.2023
Capital impact
Real estate managers typically focus on net operating income (NOI) growth as a measure of a property’s economic success. While NOI will remain a key metric, relying solely on a property’s NOI doesn’t consider another…
Read More06.01.2023
Green impact
Sustainability initiatives can come with a bevy of advantages, including positive financial results. Along with reducing electricity, water, and other energy consumption, ESG initiatives and green building certifications can also increase a building’s revenue potential.…
Read More05.26.2023
SBDC expert bringing disaster restoration company to Albuquerque
Vernon Mulanix, a small business development center expert, is expanding Blue Kangaroo Packoutz, a cleaning and restoration services company, to Albuquerque. Blue Kangaroo Packoutz opened its warehouse at 6819 Cochiti Road SE earlier this year. The company restores…
Read More05.25.2023
CBD Survival Means Getting Retail, Multifamily, and Office to Pull Together
In a new analysis, Moody’s Analytics made a point about metro downtowns that is generally good advice whenever looking at data. That is, don’t be satisfied with the simple and obvious story until you’ve checked…
Read More05.23.2023
ICSC Panelists: In Challenging Times This is How We Communicate With Our Stakeholders
LAS VEGAS—ICSC Las Vegas event panels were in full swing yesterday, with industry leaders sharing their experiences and insights on how they had been communicating with stakeholders during the challenging economic times. Moderator Glenn Rufrano,…
Read More05.19.2023
The Terrible, Horrible, No Good, Very Bad Debt Ceiling Day
There is a famous 1972 kid’s book called Alexander and the Terrible, Horrible, No Good, Very Bad Day. The title, at least, seems to have become the playbook for the debt ceiling debacle currently unfolding far…
Read More05.18.2023
How Is the Dollar’s Drop in Value Impacting Commercial Real Estate Investment?
On my recent investors call, a question was raised about the downward shift in the demand for the U.S. dollar, especially the petrodollar, and the potential effects on real estate values. While the U.S. currency is…
Read More05.18.2023
Many Family Offices Increasing Allocations to CRE
A new report from Goldman Sachs says that the family offices they surveyed were largely maintaining or increasing their exposure to real estate. This is part of a greater pattern of “risk-on” allocation planned increase over…
Read More05.17.2023
Understanding Where Investors Are By Examining Spreads
Understanding pricing of any kind in CRE — properties, building, insurance, financing — has become extremely difficult. Lowered transition volumes and quickly changing economic and financial factors have made the process incredibly difficult. But when…
Read More05.17.2023
How tech-centric office markets are faring with reduced demand for space
Office-leasing volume is down across most industries but weak demand and massive space reductions from the technology sector, in particular, is having an outsized impact in many markets. A recent study by Savills Inc. found…
Read More05.16.2023
Key Drivers of Successful Urban Retail Redevelopments
In the face of inflation, longer deal times, a possible coming recession, and predictably unpredictable changes in consumer tastes, making retail work in development and redesign is a challenge. That doesn’t make it any less…
Read More05.15.2023
Do We Have an Apartment Tenants or Landlord Market Now? Reports Differ
Data from two separate reports come to different conclusions about whether the national apartment market has shifted to a tenant one or remains in control of landlords. In one, Redfin points out the rising vacancies…
Read More05.15.2023
Industrial and Office Both Slow, But for Very Different Reasons
As the economy shifts and dynamics in business needs alter, so do results for commercial real estate. One recent analysis compared office with industrial as a second added more information on office. Both are softening,…
Read More05.12.2023
Bankruptcies and Retailer Expansion Expected to Take Center Stage at ICSC Event
LAS VEGAS—The impact of bankruptcies is going to be a prominent topic on the show floor at this year’s ICSC Las Vegas event, “partly because it frees up some 1,400 spaces in 2023.” That is…
Read More05.10.2023
Tech Leaders Share Insights at 2023 REALTORS® Legislative Meetings
Tech leaders took the stage at the 2023 REALTORS® Legislative Meetings(link is external) to discuss existing innovations and trends to help real estate agents level up their businesses. Several hundred Realtors® attended Tuesday's "Emerging Business Issues and…
Read More05.10.2023
The Fed Worries About Bank CRE Loans for a Good Reason
The Federal Reserve and other regulators have been focused of late on bank problems, and well they should. But concern is now spreading to commercial real estate and the possibility that interplays between CRE borrowers…
Read More05.10.2023
New Reports Show Expectations of Slow Inflation Decline and a Long Slog Ahead
Whether consensus expert forecasts of consumer price index or consumer expectations of inflation this year and for the next few, two new reports say there’s a lot to be concerned about. FactSet’s consensus forecasts for…
Read More05.09.2023
Commercial Real Estate Loan Originations Recorded a Big Drop in the First Quarter, Partially Due to Lack of Demand
A new report from the Mortgage Bankers Association (MBA) shows that its Commercial/Multifamily Mortgage Origination Index declined by 56% year-over-year in the first quarter of 2023, and was down 42% quarter-over-quarter. The decline comes after a 54%…
Read More05.09.2023
Farmland Produces A New Crop Of Investment Opportunities
Investors looking for safe havens amid a volatile market are finding a solution in America’s heartland by buying stakes in farms and ranches. Farmland has seen an influx in investor capital in recent years, thanks in…
Read More05.09.2023
NAR Chief Economist Offers Commercial Real Estate Market Forecast
National Association of Realtors® Chief Economist Lawrence Yun presented an overview of U.S. commercial real estate Tuesday as part of the 2023 REALTORS® Legislative Meetings(link is external). Yun emphasized challenges facing the commercial real estate market…
Read More05.09.2023
NAR Chief Economist Offers Commercial Real Estate Market Forecast
National Association of Realtors® Chief Economist Lawrence Yun presented an overview of U.S. commercial real estate Tuesday as part of the 2023 REALTORS® Legislative Meetings(link is external). Yun emphasized challenges facing the commercial real estate market…
Read More05.05.2023
Current Market Presents Opportunity for Strategic Investment in Office Assets
To say the office sector has recently experienced some challenges may seem like an understatement. Yet while pandemic shutdowns, political unrest, resultant hybrid and remote work policies and current economic uncertainty seem daunting, they are definitely not…
Read More05.05.2023
This is Why Some Communities Are Pushing Back Against Warehouse Development
Earlier this year a coalition of more than 60 environmental, labor, community and academic groups called for a moratorium of up to two years on new warehouse development in Southern California’s Inland Empire, demanding in…
Read More
