12.08.2022
Public gives feedback on Albuquerque mayor’s sweeping zoning code proposal
Real estate professionals, academics, people who work with low-income and homeless populations, and even residents just interested in keeping elderly relatives close to family voiced support for Albuquerque Mayor Tim Keller's proposal to dramatically change…
Read More12.08.2022
One-Third of People Ready to Move Now, Says Study
CBRE undertook a large-scale study of cross-generational attitudes, with surveys of 20,000 people globally, to understand how baby boomers through to Gen-Z will want to live, work, and shop in the future. One of the…
Read More12.08.2022
Co-Living Sector Transforms as it Faces Pushback from Developers and Lenders
Before the pandemic, co-living seemed to be an up-and-coming investment property type, with appeal to millennials and venture-backed startups abounding. Some developers even claimed that co-living projects delivered better rents per sq. ft. than conventional multifamily…
Read More12.07.2022
Five Years In, Opportunity Zones are Hitting Their Stride
When the Tax Cuts and Jobs Act of 2017 put in place new tax incentives for investors tied to Opportunity Zones, no one was quite sure how well the new structure would take off. The…
Read More12.06.2022
Seniors Housing Construction ‘Grinds to Nearly a Complete Stop’
The seniors housing construction starts “are grinding to nearly a complete stop,” Charles Bissell, Managing Director, JLL Capital Markets, tells GlobeSt.com. Yet at the same time, “demand is on the precipice of a 20+ year…
Read More12.06.2022
Automation vs. Human Advice: Which Will Win Out?
UBS’ announcement earlier this year of its plans to acquire robo advisor platform Wealthfront and then the subsequent fallout of that deal in September have led to a debate in the wealth management industry about the value of automation and…
Read More12.06.2022
Major Office Distress Is All the Talk. But So Far, it’s Not the Reality.
The past few months brought a lot of news stories about upcoming office distress. Just last week, for example, office building owners in Washington, D.C. warned city government it wasn’t prepared for the falling property values in…
Read More12.05.2022
Industrial Tenants Press On Despite Uncertainty
Industrial and logistics occupiers are expected to continue expanding into 2023 despite looming economic uncertainty, according to a new report from CBRE. Led by third-party logistics (3PL) providers and food and beverage and building materials…
Read More12.05.2022
Smaller Retail Centers In Demand As Market Realigns
Demand for smaller shopping centers surged in the last quarter, with absorption jumping 20% to 8.1 million square feet in Q3. According to research from JLL, absorption for smaller centers totaled 35.6 million over the…
Read More12.01.2022
A mixed-use project in Downtown ABQ is one step closer to reality
A mixed-use project from a city agency and a local development company is one step closer to becoming a reality. The project, called The Downtowner, would bring 207 rental units, 11 live-work units and a…
Read More11.30.2022
High Interest Rates and a Looming Recession Weigh on Hotel Investment Deals
After a surge of activity earlier in the year, many hotel investors are putting their wallets back in their pockets. The disruption has been caused by rising interest rates and the potential for a recession…
Read More11.29.2022
Sales of Cannabis Real Estate Run into Some Challenges
The past year has brought more cannabis legalization in the United States. But is legalization turning into greater real estate investment opportunities? Two more states, Missouri and Maryland, voted in the November 8 election to make…
Read More11.29.2022
Sales of Cannabis Real Estate Run into Some Challenges
The past year has brought more cannabis legalization in the United States. But is legalization turning into greater real estate investment opportunities? Two more states, Missouri and Maryland, voted in the November 8 election to make…
Read More11.28.2022
CARROLL Credit Gets Ready for Multifamily Distress in the Sunbelt
Another day, another set of companies interested in the potential that CRE distress might offer. Atlanta-based real estate investment platform CARROLL Credit is working with institutional partners to pull together $250 million for structured capital…
Read More11.28.2022
On Common Ground
This edition of On Common Ground explores the collection and use of big data in many aspects of community planning and management and end-user experiences — from housing needs assessments to healthy communities, from transportation…
Read More11.28.2022
In a Volatile Market, Investors View Early Childhood Education Centers with Greater Interest
In an environment of rising interest rates, net lease assets occupied by early childhood education centers are growing in popularity. Investment brokerage firm B+E released a report recently that shows early learning and day care…
Read More11.28.2022
More Yield Curve Bad News and Questions
Too often when it comes to economics and finance, previous trends—correlations, to be specific, like that between yield curve inversions and eventually recessions—come to be treated as inviolate natural law. That can lead to significant…
Read More11.28.2022
Capital Timing Helps Construction Overcome Rising Interest Rates
Promising data reported recently by the Dodge Construction Network suggested optimism despite the headwinds of higher interest rates, construction costs and inflation. Industry analysts, however, suggest those numbers are more a result of savvy financing and…
Read More11.28.2022
Is the Retail Reckoning for Regional Malls at an End?
The past few quarters brought an unexpected trend in the U.S. mall sector—operating results reported by some of the nation’s biggest mall owners seemed to show a marked return to normal. For example, for the…
Read More11.23.2022
CRE Bank Loans: Weaker Demand, Tighter Standards
Feeling the market get shaken while some big money gets ready for distressed property fire sales? Wondering how a refi can possibly work when interest rates are multiple percentage points higher than they were months ago…
Read More11.21.2022
November 2022 CCIM Deal Making Session Properties
Thank you to all of the brokers, sponsors, and guests who attended the November 2022 CCIM NM Deal Making Session and to those who shared their properties. Click here to view source PDF. Click here…
Read More11.21.2022
November 2022 LIN Properties
At the November 2022 LIN Meeting, 12 excellent properties were presented. Thank you for presenting properties and attending the meeting! View the properties here. View the Thank Yous here.
Read More11.21.2022
JLL’s strategic technology services enable future of work and sustainability
JLL Technologies (JLLT), the technology division of JLL, today announced the launch of the Strategic Technology Program, which provides assessment, strategic planning, goal setting and performance measurement services for real estate technologies. The launch of the…
Read More11.17.2022
More ‘Don’t Get Optimistic’ Warnings from Fed Officials
What’s worse than having to take a dose of nasty medicine midday? Having people coming in repeatedly during the morning reminding you that the unpleasant mixture is waiting patiently for you. Lately, the nagging monitors have been…
Read More11.17.2022
SFR Rent Growth Continues to Decelerate
Single-family rentals, a popular part of the residential segment of commercial real estate, continues to feel pressure on rent growth. In its latest SFR index, CoreLogic says that rent growth has decelerated for the fifth…
Read More11.16.2022
Industrial Sales Not Immune from Impact of Higher Interest Rates
All through the pandemic, industrial properties have been among the most desired by commercial real estate investors. But in the current market environment, are industrial assets holding up just as well? In fact, demand for industrial properties…
Read More11.16.2022
Q4 Comeback Unlikely for CRE As Recession Fears Mount
Deal flow slowed and pricing slumped across major commercial real estate asset classes as the third quarter ended — and that’s prompted some experts to wonder if the sector will continue to hew to its…
Read More11.16.2022
PPI Shows Some Relief but Reality Is Still Hard for CRE Construction
When people discuss the cost of real estate, they might point to lack of inventory, high financing rates, and the desire for owners and investors to make their projects pan out fiscally. But most people…
Read More11.16.2022
Industrial Sales Not Immune from Impact of Higher Interest Rates
All through the pandemic, industrial properties have been among the most desired by commercial real estate investors. But in the current market environment, are industrial assets holding up just as well? In fact, demand for industrial properties…
Read More11.15.2022
Retail Embracing Rightsizing by Resizing
The trend of rightsizing by resizing stores is picking up steam. Many retailers are now incorporating small-format stores into their fleets. Retailers can tailor these small-format stores to target a specific demographic, create a personalized…
Read More11.15.2022
CRE ‘Overpaying’ to Send Waste to Landfills
When it comes to diverting waste from commercial real estate, cardboard is “king” and organics represent the greatest opportunity as firms focus on ESG goals, that include waste management. A study be Great Forest Inc.,…
Read More11.12.2022
Commercial Real Estate Market May See Slight Decline in Prices in 2023
Although commercial real estate prices may see a slight decrease nationwide, strong job growth will continue to drive demand in many markets, according to NAR Chief Economist Lawrence Yun. Yun joined other commercial real estate…
Read More11.11.2022
‘Future-Proofing’ Corporate Real Estate
“Future-proofing” is a term that comes from high tech. In that context, it meant designing software and hardware so that it could develop or expand to meet needs that were yet to come. Put more…
Read More11.11.2022
Many Deals Pause But Cash Is a Great Motivator
That commercial real estate transactions slowed in the third quarter of this year shouldn’t surprise. Costs went up as the Fed turned the screws to baseline interest rates and commercial financing did so as well.…
Read More11.10.2022
Forecasting the Future of Warehouse Demand
Transwestern released its analysis of a decade of warehouse demand and then trying to understand its future. A story of a decade comes out immediately in a succinct summation: “Since the end of the Global Financial Crisis…
Read More11.10.2022
Are Tech Companies Still Good Tenants?
The news out of Facebook-parent Meta Platforms on Wednesday was great for the stock and terrible for a lot of employees. CEO Mark Zuckerberg told the latter that the company would lay off 13% of…
Read More11.10.2022
Cap Rates Compress For Early Learning Assets
Cap rates have continued to compress for early education centers in the net lease space during this quarter, according to a new report from B+E Net Lease. On-market cap rates hit a record low in…
Read More11.10.2022
The Once Red-Hot Life Sciences Sector Returns to “Normalcy”
As the U.S. commercial real estate market adapts to rising interest rates and a less certain outlook for the economy, the life sciences sector remains a strong performer. But some signs of a slowdown are appearing…
Read More11.10.2022
Retrofitting buildings essential to reduce energy costs and combat the global energy crisis
As businesses grapple with the current energy crisis and prepare for it to worsen, new research from JLL (NYSE: JLL) finds that these rising energy costs are expediting the move toward more efficient buildings. JLL’s Retrofitting…
Read More11.08.2022
Rising Inflation and Interest Rates Has CRE Lenders Pumping the Brakes
After Q2 this year, the Mortgage Bankers Association projected a drop of 18% in commercial and multifamily lending compared to 2021. They were right. At least, that’s what CBRE says. “The Federal Reserve’s hawkish stance to reduce…
Read More11.08.2022
CRE Lenders Search for Creative Solutions to Keep Capital Flowing
On the heels of yet another Fed rate hike, the commercial real estate industry is feeling the painful effects of both higher capital costs and lower loan amounts. Borrowing costs have doubled in the past…
Read More11.07.2022
Multifamily Investors Fight Rising Rates by Pursuing Properties with Assumable Debt
The short-term borrowing rate is at its highest level since January 2008 after the Federal Reserve raised its key rate by another 0.75 points to a target range of 3.75 percent to 4.00 percent. The…
Read More11.03.2022
U.S. Port Markets See Outsized Industrial Rent Growth, Dwindling Availability
An extraordinary amount of new supply—more than 700 million sq. ft. under construction and 650 million sq. ft in the pipeline—held down industrial rent growth nationally over the last year. But it’s a different story in…
Read More11.02.2022
It’s Good To Be The King: All-Cash Buyers Are Last Bidder Standing In Crumbling Market
With the Federal Reserve raising interest rates again on Wednesday, the debt-laden deals that whipped the commercial real estate sales market into a record-setting frenzy last year have all but disappeared. Overall investment sales transactions are down by half year-over-year, but for…
Read More11.02.2022
Why You Shouldn’t Focus Too Much on the Inverted Yield Curve
The three-month/10-Year Treasury yield curve has inverted, with the three-month Treasury closing last Tuesday at 4.14% and the 10-year closing at 4.10%. So does that mean a recession is imminent? And if so, will it be…
Read More11.02.2022
Can Rising Rents or Property Growth Make Negative Leverage Worthwhile?
It’s been decades since negative leverage was a regular unwelcome guest in commercial real estate. Now it’s a trend again, according to Moody’s Analytics, between growing loan interest rates and cap rates. For those in the industry…
Read More11.01.2022
Why Multifamily Investments Are a Good Option When Inflation Runs Wild
In an inflationary environment, many investors flounder as pulling the trigger on investments of any kind can feel like higher stakes. The questions are endless. With rising interest rates, falling returns and concerns about recession, where…
Read More11.01.2022
Short-Term Office Leasing Decisions Can Extend for Only So Long
When it comes to choosing office space – either renewing, downsizing or seeking new — Jason Wurtz, executive vice president, office services, NAI Hiffman, tells GlobeSt.com that market activity is improving as companies can no…
Read More10.29.2022
ABQ commercial real estate market ‘all over the place’
When a city grows, where does it go? With rock bottom vacancies in the industrial real estate market and increasing demand in all real estate markets, finding affordable space is becoming more difficult around Albuquerque.…
Read More10.28.2022
Three Ways Supply Chain Disruptions are Impacting the Commercial Real Estate Market
The emergence of the coronavirus in early 2020 caused a drastic slowdown in supply chains across the globe. Labor shortages, fluctuating consumer demand, disruptions in shipping lanes, COVID-19 restrictions as well as general economic uncertainty…
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