09.21.2022
High Interest Rates Are Slowing Down Self Storage Dealmakers
Fewer deals are getting done to buy self-storage properties. Fewer owners are offering their properties up for sale and fewer potential buyers are bidding. The main culprit for the slowdown? Higher interest rates. One reason…
Read More09.21.2022
Some Leisure’s Been Doing Well, but How Long Can It Last?
Early in the pandemic, travel shut down and hotels and resorts took it on the chin. They largely couldn’t open, many people were scared to go anywhere, and businesses looked to teleconferencing. Things have turned…
Read More09.21.2022
Aging US Warehouses Are Driving Record Development
Demand for new, modern warehouse construction is high. It has to be: CBRE reports that the average warehouse age is 43, so developers are building new facilities at record levels as the world manages the…
Read More09.20.2022
What Could You Create?
Churches turned into art centers, factories into microbrew pubs, and shopping malls into medical facilities are just a few examples of adaptive reuse, the term used to describe the repurposing and transformation of an existing…
Read More09.20.2022
Consumer Necessities Inflation Have Implications for CRE
When the official consumer price index (CPI) came out last week, it was an unpleasant surprise to many economists. One, in fact, that signaled the Fed would likely raise its benchmark interest rate by at least a…
Read More09.20.2022
Apartment Rents Are Growing Faster in Low-Cost Cities
Apartment rent growth hit a staggering 18 percent nationally in 2021, and while prices have tempered a bit this year, rents are continuing to rise at paces exceeding pre-pandemic norms in many parts of the…
Read More09.20.2022
Here Comes The Wrong Kind Of Inflation, And It Could Destroy Real Estate Values
Have you be watching the wrong kind of inflation, and missing the implication for real estate values? Transitory inflation has grabbed the headlines. This kind is caused by sudden supply constraints and the price spikes…
Read More09.19.2022
Family Offices Turn Focus Away from Office Towers and Toward Industrial
Even as industry insiders noted the possibility of new challenges to the U.S. industrial real estate market recently, came the news that Pontegadea Inmobiliaria, the family investment company of Zara owner Amancio Ortega, struck deals to acquire seven…
Read More09.18.2022
2022 Intersections: Earn Up to 5 CEs in One Day!
COMMERCIAL REAL ESTATE EVENT OF THE YEAR! Thursday, October 6, 2022 Event Center at Sandia Golf Club | Albuquerque, New Mexico Welcoming 5 National Speakers! | View Speaker Overview Earn Up to 5 CE Credits In One…
Read More09.15.2022
Even the Next Recession Won’t Send Employees Back to the Office
By the beginning of 2021, live and leisure activities like sporting events and concerts were going back to normal — but office attendance still lagged. And that begs the question: will office usage ever return…
Read More09.13.2022
Gen X Is Using Self-Storage the Most As Sector Booms
Gen X is the demographic using the most self-storage units as the sector continues to enjoy a boom sparked by pandemic-driven renter preferences and migration changes. A recent RentCafe survey of 4,200 renters reveals that…
Read More09.12.2022
How Six CRE Firms Are Investing in a Changing Environment
As rates rise and economic growth projections get murkier, what are commercial real estate investors doing to raise capital and reach their desired returns? During the past several months the transaction calculus has changed for…
Read More09.12.2022
The Unintended Consequences of Excessive Transfer Taxes
In recent years, there have been notable increases in real estate transfer taxes, which are levied on the sale of property by local and/or state governments and are typically defined as a percentage of a…
Read More09.09.2022
Space Planning Pros Lack Necessary Data to Configure Post-Pandemic
About 90% of space planning professionals are struggling with managing work and learning spaces in more fluid, hybrid-use environments coming out of the pandemic, according to a survey of 255 professionals by Armored Things, a…
Read More09.09.2022
Smart Warehouses And The Laborers That Can Run Them
It’s a dream of some, running warehouses without manual labor. Not surprising given that hiring for just about any job is tough. “The key to those properties and operations are the robotics inside the facilities,”…
Read More09.08.2022
Grocery-Anchored Shopping Centers Remain in Demand. But They Are Going Mostly to Private and All-Cash Buyers.
The era of aggressive outlier bids for grocery-anchored shopping centers is over as capital costs rise, say the sector’s players. Ask anyone involved in the grocery-anchored retail sector whether it’s a buyer’s or a seller’s…
Read More09.08.2022
Here’s What CRE Investors Are Thinking As Inflation Ticks Up
A recent investor survey by Marcus & Millichap reveals that while CRE transactions may level out this year, investor sentiment remains strong. The mid-year survey’s headline index value of 159 is “somewhat reminiscent of the…
Read More09.08.2022
How Technology Automates And Empowers Facilities Management Strategy
Technology offers a platform for business leaders to reimagine their facilities management (FM) strategy, creating a workplace that improves employee productivity and enhances operational efficiency. There is an opportunity to advance the physical, mental and…
Read More09.07.2022
September 2022 CCIM Deal Making Session Properties
Thank you to all of the brokers, sponsors, and guests who attended the September 2022 CCIM NM Deal Making Session and to those who shared their properties. Click here to view source PDF. Click here to…
Read More09.07.2022
Self-Storage On Track For Strong 2022, But Headwinds Remain
Self-storage is still enjoying a strong year despite increasing headwinds overall including normalizing social behaviors and demand drivers. According to a new analysis from Marcus & Millichap, the average asking rent for a standard 10-by-10…
Read More09.07.2022
The Heat Is Off? Recession-Related Valuation Drops Could Douse Overheated Markets
With a likely recession on the horizon, property owners across the U.S. are preparing for the drop in property values that tends to accompany economic downturns, but some property types can anticipate a harder hit…
Read More09.06.2022
Advisors Take on Alternatives
Asset managers and technology firms are luring retail advisors into alts with easier access and promises of diversification and enhanced returns. Here's what advisors themselves think about broadening their client portfolios. Alternative assets have long been…
Read More09.06.2022
Will “Just-in-Case” Inventory Storage Survive the Current Moment?
“Just-in-case” inventory storage is leaving retailers with excess inventory and little space to store it. But it’s not likely to go away, industry insiders say. During the pandemic, many retailers shifted their inventory strategy from "just-in-time"…
Read More09.06.2022
Building Contractors Facing Colossal Hiring Crisis
While most cities angst about a lack of housing to meet demand and many homeowners struggle to find contractors to fix or upgrade their homes, a recent survey shows how dire the situation has become.…
Read More09.01.2022
Three Ways CFOs are Leveraging Sale-leasebacks to Prepare for a Recession
The U.S. economy has hit some major roadblocks in recent months. Sustained high inflation, supply chain disruptions and rising interest rates have all signaled to economists that we are either in or on the verge…
Read More09.01.2022
Middle-Income Seniors Will Find It Hard to Pay for Housing by 2033
Myriad health, financial and social reasons could mean that more than 11 million middle-income seniors aged 75 and older may not be able to pay for assisted living, according to a recent study by NORC.…
Read More09.01.2022
What Impact Are Construction Delays Having on the Industrial Sector?
The industrial development pipeline is at its highest level in years. But developers are facing a host of new challenges. It’s been one of the hottest years on record in terms of demand for industrial…
Read More08.31.2022
ESG Requirements Forcing Change
Government regulators around the world are increasingly passing laws, rules, and ordinances regarding the performance and disclosure of real estate assets according to environmental, social, and governance (ESG) criteria. These requirements are forcing real estate…
Read More08.31.2022
Where Do U.S. Property Values Go From Here?
Economic prospects have worsened, and the outlook is becoming increasingly uncertain. Numerous headwinds have emerged–rising inflation, persistent labor shortages, continued supply-chain challenges, the war in Ukraine and risks of a Fed policy mistake. The economic…
Read More08.29.2022
Cybersecurity Interruptions
We are in a new era of cybersecurity risks in commercial real estate, driven by decades of technological advances that impact all buildings’ physical and environmental functionality. There are material risks for investors, owners, operators,…
Read More08.29.2022
Institutions Have Shifted to Multifamily, Industrial and Data Centers in Their Real Estate Allocations
While once institutional allocations were weighted towards retail and office, they have responded to long-term structural shifts and refocused on industrial, multifamily and data centers. Institutional investors have shifted with the times and honed in…
Read More08.29.2022
What To Expect for CRE Valuations If a Mild Recession Hits This Year
C&W pegs the possibility for a mild recession at 50%, but high-quality office, certain retail and multifamily will remain good bets. CRE property values are likely to slump as economic growth slows and bond yields…
Read More08.29.2022
Institutions Have Shifted to Multifamily, Industrial and Data Centers in Their Real Estate Allocations
While once institutional allocations were weighted towards retail and office, they have responded to long-term structural shifts and refocused on industrial, multifamily and data centers. Institutional investors have shifted with the times and honed in…
Read More08.25.2022
Cannabis Licenses to 1,000 in New Mexico
The state has hit a milestone in the approval and issuing of cannabis licenses, surpassing 1,000 since the Cannabis Control Division began issuing them last fall. To date, 1,027 total licenses have been approved and…
Read More08.24.2022
How CRE Investors Can Still Create Value in a Rising Rate Environment
Repositioning, management, and knowledge are the three critical ways in which CRE investors can drive value in assets, according to Marcus & Millichap's John Chang. A building that makes “no sense” to most investors could…
Read More08.24.2022
Office Asking Rates Haven’t Changed But It’s Definitely Become a Tenants’ Market
Owners are offering a variety of concessions and perks to maintain rents. Interesting and unique factors and conditions have come into play in office rents as concessions, and other incentive packages – including furnished space…
Read More08.23.2022
Momentum Strong Enough to Overcome CRE Uncertainty, Says PwC
After a strong Q1 this year, firm forecasts continued growth across all asset classes. With non-traded REIT sponsors continuing to deploy the significant capital raised and long-term investors recapitalizing existing funds through continuation vehicles in high-demand…
Read More08.23.2022
Should CRE Plan for Permanently High Inflation?
And would “high” inflation really be all that high compared to the past? If you think high inflation is a temporary thing and the world will be back to pre-pandemic normal, you’re at odds with…
Read More08.23.2022
Flex Spaces for Startups: An Office Environment without the Commitment
While coworking provides similar solutions to flex space, there are some key differences. Flex space challenges the idea of traditional commercial offices, which typically require signing long-term leases. The COVID-19 pandemic changed professional work environments…
Read More08.23.2022
The Surge in Re-Shoring Activity Continues, Creating More Demand for Industrial Space
Over 1,800 companies re-shored production in 2021, setting a new record for re-shoring activity, notes The Reshoring Initiative. These companies are looking for logistics facilities, warehouses and distribution sites. The COVID-19 pandemic made U.S. manufacturers…
Read More08.22.2022
Three Reasons Advisors Should Care About Water Resources
Poor water stewardship poses a real financial risk for investors. For years, you’ve been diligently turning off the faucet each time you brush your teeth. You’ve replaced harsh cleaning chemicals with more natural alternatives and even…
Read More08.22.2022
What Are the Safest Property Bets Today for Levered CRE Buyers?
As interest rates rise and the outlook for the economy at large remains uncertain, CRE investors who depend on debt have had to reassess their strategies. That’s impacting the property types they might consider for…
Read More08.21.2022
Is Dry Powder in the CRE Space Ready to Move Off the Sidelines?
Funds and REITs that built up massive war chests are taking steps to make deals despite current uncertainties over optimal real estate pricing. Many well-heeled real estate investors pushed pause on buying assets in recent…
Read More08.19.2022
2022 Q2 National Industrial Report
The U.S. industrial sector continued to show its strength, posting favorable fundamentals through midyear. The remainder of 2022, however, should feel the pressure of the headwinds affecting the market –Amazon’s scaling back, continuous interest rate…
Read More08.19.2022
2022 New Mexico 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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08.17.2022
Labor Shortage Strain: Where Have All the Workers Gone?
“The implications for property markets are mostly indirect but potentially significant. Occupiers will lease less space if they lack the workers to run their businesses.” In the immediate aftermath of the pandemic lockdown, many communities…
Read More08.17.2022
August 2022 LIN Properties
At the August 2022 LIN Meeting, 12 excellent properties were presented. Thank you for presenting properties and attending the meeting! View the August 2022 LIN properties here. View the August 2022 LIN Thank Yous here.
Read More08.16.2022
REITs Deliver All-Time Highs in NOI, FFO in Q2
Despite high interest rates and inflation, performance was strong, according to Nareit. Occupancy rates of total REIT-owned properties reached and exceeded pre-pandemic levels for the first time in Q2 2022 and funds from operations (FFO)…
Read More08.16.2022
Cap Rates Equalizing Across Metros
Even in cities like San Francisco and New York where they’ve typically hovered much lower. Cap rates across major US markets are becoming increasingly similar, even in cities like San Francisco and New York where…
Read More08.16.2022
Multifamily Investors Adjust to Tightening Capital Markets
Exclusive WMRE research shows how rising interest rates and macroeconomic concerns are affecting multifamily investors' ability access to capital. Rising interest rates and the overall state of capital markets are top of mind for respondents…
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