08.15.2022

2022-23 Top Ten Issues Affecting Real Estate

The Counselors of Real Estate has identified the current and emerging issues expected to have the most significant impact on all sectors of real estate—each determined through polling, discussion, and debate among the broad Counselors’…

08.15.2022

Most CRE Pros Believe Office Sector Has More Distress Ahead

But the CRE and the broader financial markets will avoid worst-case scenarios. A whopping 70% of CRE professionals recently surveyed by Trepp say they think the office sector will see the biggest uptick in distress…

08.15.2022

Rent Growth Diverging Across Office and Multifamily

Analysts call the aberration a “great divergence.” Rent growth across the office and multifamily sectors is no longer in lockstep, disrupting a lengthy period in which the sectors typically followed the same trend, according to…

08.11.2022

Stagflation Could Drive Lower CRE Valuations

It could also lead to a prolonged period of elevated cap rates. Analysts from Fitch Ratings say stagflation is likely to lead to lower CRE valuations and a “prolonged period” of elevated cap rates. “Stagflation…

08.11.2022

How Hybrid Workplaces Put Employers At Risk

Employers are responsible for the safety of employees, whether they work in the office or at home. The COVID-19 pandemic accelerated the adoption of the hybrid workplace. However, with this acceptance comes more threats, liabilities and…

08.11.2022

Increased Cost of Capital Forces a Reset of Multifamily Valuations

Buyers are beginning to ask for discounts and some deals fall through. But experts say the disturbance in the sector is based on “short-term uncertainty.” In early June, two days before the Federal Open Market…

08.10.2022

Supply Chain Disruption

“Critical site selection has driven decisions in unprecedented ways. Delayed supply chain concerns are an unknown factor for developers, who are adding several months to their schedules.” It may not come as a surprise that…

08.10.2022

Real Estate as an Inflation Hedge

Real estate may provide an attractive inflation hedge, as rents and property values are highly correlated with rising consumer prices. Today’s inflation is partly due to an economy running at full speed, increasing the demand…

08.10.2022

Lower Prices Offer Americans Slight Reprieve From Inflation

Falling prices for gas, airline tickets and clothes gave Americans a little bit of relief last month, though overall inflation is still running at close to its highest level in four decades. Consumer prices jumped…

08.10.2022

Emerging Tech Cities That Are Relatively Affordable

Markets in the Sun Belt offer savings compared to major US tech hubs, as do Canadian markets. San Francisco is the top city for tech occupiers in North America, according to a new survey, followed…

08.10.2022

Supply Chain Disruption

“Critical site selection has driven decisions in unprecedented ways. Delayed supply chain concerns are an unknown factor for developers, who are adding several months to their schedules.” It may not come as a surprise that…

08.10.2022

Entire US Supply Chain Needs 24/7 Operations, Not Just Ports, Official Says

All parts of the US supply chain -- not just its ports -- need to move to round-the-clock operations to alleviate snarl-ups and reduce overall costs, President Joe Biden’s supply-chain czar said. “If only you…

08.09.2022

CIRE: Congratulations to CCIM NM and Being Awarded the 2021 President’s Cup for Tier 3!

08.08.2022

Construction Job Openings Plunge as Demand Ebbs

Builders had 71K fewer job openings in June, a 17.5% drop from May. There were 71,000 fewer job openings in the construction industry, a 17.5% drop from May, as rising debt costs and an economic…

08.08.2022

Thanks to Pandemic Puppies, CRE Investors Are Turning Their Attention to Veterinary Clinics

Investors ranging from private equity groups to 1031 exchange buyers to vets looking for a place to put their retirement money are noticing the stability of vet clinics as an investment play. A move by…

08.08.2022

Hybrid Work and the “Great Decentralization”: A Correction Towards Resiliency?

"Current decentralization pressures and the potential for property devaluation are sure to keep the entire financial sector on guard during the evolution of the next few years.” In the aftermath of the pandemic, one thing…

08.08.2022

FDIC Sees Potential Warning Signs for Bank CRE Lenders

Some metrics hint CRE lenders may not be as prepared for potential downturns as they should be. The Summer 2022 issue of the FDIC’s Supervisory Insights ran an article called “Commercial Real Estate: An Update…

08.08.2022

Monsoon Flows Temporarily Prop Up New Mexico Waters

Monsoon flows have prevented some of the water shortages officials were planning for this year, but they won’t be enough to curb the declining reservoirs in the Colorado River basin or significantly reduce New Mexico’s…

08.06.2022

Equity Elusive in NM’s Budding Cannabis Industry

There tend to be fewer business owners that are female and that come from a minority background here and across the country. Cannabis as an industry isn’t much different. According to the National Hispanic Cannabis…

08.05.2022

Geopolitical Risk: Political, Capital Markets and Real Estate Uncertainty

Understanding the direct implications of geopolitical risks attributable to real estate can be challenging to measure.  These risks, both global and domestic, generally materialize as volatility due to uncertainty about the future impact on economies…

08.04.2022

Some Institutional Investors Are Pulling Out of the Industrial Sector. Here’s Why.

The pandemic caused many institutional investors to switch their focus to industrial properties. Now that interest rates are rising, they are changing course again. Today, demand for industrial space continues to outpace supply across all U.S. markets.…

08.04.2022

CRE on the Chopping Block Among Companies Worried About Inflation

Inflation and recession worries are pushing executives to plan preemptive cutbacks. There are economists who insist that the US is not yet in a recession and economists who say it is, or at least will…

08.03.2022

How Mortgage Rate Increases Are Affecting Commercial Real Estate Investment

We are seeing investors shift into smaller tertiary markets where competition is weaker, value-add properties where the potential for rent increases is higher. In May 2022, the Federal Reserve’s Federal Open Markets Committee raised its…

08.03.2022

August 2022 CCIM Deal Making Session Properties

Thank you to all of the brokers, sponsors, and guests who attended the August 2022 CCIM NM Deal Making Session and to those who shared their properties. Click here to view source PDF. Click here to…

08.02.2022

Asynchronous Work Poses Another Challenge to the Office Market

Is the next step beyond the hybrid office the asynchronous office? A lot of bosses have made their peace with the idea that workers, the kind who make a company work and you don’t want to lose,…

08.02.2022

After a Rough First Half, Publicly-Traded REITs Bounced Back in July

The FTSE Nareit All Equity REITs index rose 8.6 percent for the month, erasing nearly half of 2022’s year-to-date losses. Along with other equities, publicly-traded REIT stocks suffered a rough first half of 2022, but that…

08.02.2022

Surging for So Long, Industrial Sector Growth Now Starting to Level

Five markets account for one-third of square footage in the pipeline. Indications that the high-performing industrial market has hit a plateau are growing, according to a report by Newmark. Factors include economic and geopolitical headwinds…

08.01.2022

Searching for Stability

Ongoing disruptions to the global supply chain will impact commercial real estate, but opportunities are available across various sectors. Everyone is feeling the pinch of the supply chain disruption, whether they are walking by empty…

08.01.2022

Inflation and Interest Rates: Some Clarity To Mixed Macroeconomic Signals

“The proximate threats to continued economic growth remain the pandemic and policy error.” Executive Summary Having focused on its mandate for maximum employment, the U.S. Federal Reserve is now singularly focused on inflation. Combined with…

07.29.2022

Recession: Will It or Won’t It?

The smart move is to not worry about such categories and focus instead, as always, on risk management. Even as the Bureau of Economic Analysis released its preliminary GDP growth estimate for the second quarter—down at an…

07.29.2022

Big Construction Starts Gain in Many Top Metros

Starts up 18% on average. The first half of 2022 was big in construction starts, says Dodge Construction Network. “During the first six months of the year, the value of commercial and multifamily construction starts…

07.28.2022

U.S. Economy Shows Another Decline, Fanning Recession Fears

Gross domestic product, in an initial reading, fell 0.2 percent in the second quarter. President Biden said any troubles would be transitory. A key measure of economic output fell for the second straight quarter, raising…

07.27.2022

Despite Headwinds Industrial Demand Remains Strong

Even with a slowing economy, certain factors still drive this market segment. A new report from Savills on the US industrial market for the second quarter of 2022 says that demand is still strong, but…

07.27.2022

Finding New Opportunities in Times of Uncertainty

During an industry deep dive session at GlobeSt.com’s national Women of Influence conference, panelists discussed the labor market, advice and how to push forward and find new opportunities during times of uncertainty. Key industry influencers…

07.27.2022

Fed Fights Inflation With Another Big Rate Increase

The central bank raised rates by three-quarters of a point, its fourth increase this year, as it attempts to tame prices without causing a severe downturn. The Federal Reserve raised interest rates by three-quarters of…

07.27.2022

As Drought Continues, River Flows Dwindle In Albuquerque Area

As Rio Grande water dwindles to a mere trickle in the Albuquerque area for the first time since the early 1980s, irrigators are facing the possibility that only the Pueblos will be able to draw…

07.26.2022

Co-Warehousing Comes to the Industrial Sector

How one private equity real estate firm is trying to bring flexible industrial facilities to the market in U.S. cities with its Portal Warehousing offering. The past few years have been a time of massive growth…

07.26.2022

NAR Commercial Real Estate Metro Market Report | 2022.Q1 Albuquerque, NM

The Albuquerque, NM commercial real estate market is stronger compared to the overall U.S. market. NAR Commercial Real Estate Market Conditions Index* 52.0 Overall economic conditions are stronger than nationally. The apartment property market is…

07.26.2022

New Rocket Motor Company Conducts First NM Launch

X-Bow Systems successfully flew its new “Bolt Rocket” for the first time at White Sands Missile Range on Saturday, marking a major milestone for the company’s new, breakthrough rocket-motor technology and launch capabilities. The Albuquerque-based…

07.26.2022

How Some Industrial Developers Are Dealing with the Land Crisis

There seems to be a virtually unlimited need for warehousing and logistics. What happens when there’s not enough land to build on? Need a warehouse? Get in line—one that keeps growing longer. Getting enough industrial…

07.25.2022

Blackstone: Slowdown of New Construction to Keep Lifting Rents

Investment giant says demand will keep outpacing supply in residential, industrial sectors. Blackstone expects demand to continue to outpace supply and support rent growth in the two asset classes that make up the lion’s share…

07.22.2022

E.C.B. Raises Rates for First Time in 11 Years

The European Central Bank raised its key interest rate by half a percentage point, a bigger-than-expected move. Christine Lagarde, the bank’s president, also introduced a new measure aimed at countries’ diverging borrowing costs, an increasingly…

07.21.2022

How to Know If Your Fire Alarm System Needs Upgrading

Nationwide, there are tens of thousands of buildings with aging fire alarm and other fire protection systems. How can facility managers tell when it is time for a system upgrade or replacement? Waiting until a…

07.21.2022

Entitlement and Construction for New Industrial Builds are Dragging

The delays have caused a “significant backlog” of facilities in the construction pipeline. The entitlement and construction process for new industrial builds is taking five months longer on average than it did pre-pandemic, impacting both…

07.21.2022

Parsing Recession Risk Is Not Always Straightforward

Yield curve inversions aren’t the only sign in town. Trying to handicap economic moves has become a popular, yet whipsawn, source of entertainment, at least among fiscal pundits and the media. But few things are…

07.20.2022

July 2022 LIN Properties

At the July 2022 LIN Meeting, 16 excellent properties were presented. Thank you for presenting properties and attending the meeting! View the July 2022 LIN properties here. View the July 2022 LIN Thank Yous here.

07.20.2022

Planned ABQ ‘Rail Trail’ Gets $10M From The State

Not long ago, city leaders thought the proposed Albuquerque Rail Trail was headed nowhere. Mayor Tim Keller said his administration did not have a clear cut way to fund a new pedestrian-friendly path linking the…

07.19.2022

In Spite of Worries About Inflation, Downturn, Retail Leasing Has Thrived This Year

Data from Coresight Research shows store openings are outpacing store closings so far this year. Retail brokers hope leasing trends will stay strong. Strong consumer spending over the past year has prompted retailers to open…

07.19.2022

What the Latest Inflation Numbers Mean for CRE Investors

“If you strip out the cost of energy and food, the picture is a bit more promising.” Last week’s inflation numbers, which clocked in at 9.1%, will “certainly” impact interest rates which potentially increases recession…

07.18.2022

The Higher Cost of Capital is Beginning to Erode CRE Asset Prices

A bid/ask gap has emerged between buyers and sellers and real estate investors attempt to navigate the shifting economic climate. Commercial property prices that have been hovering at near peak levels are starting to slide…