06.14.2022
The Lumber Roller Coaster Takes Another Price Dive
Interest rates help displace demand, so prices fall. Look at six months of lumber futures and, if you depend on the material in your business, things look downright promising. At $555.9 per thousand board feet, it’s almost…
Read More06.13.2022
Buyer Demand Remains High for Corporate Sale-Leaseback Deals
Some industry experts estimate that industrial assets represent nearly half of all corporate sale-leaseback transactions in a market that's been rife with deal activity. The corporate sale-leaseback market is coming off a record-high first quarter…
Read More06.13.2022
8.6% Inflation Means Serious Planning for CRE
It’s another 40-year high and no signs yet that price hikes will cool off. The CPI calculation—consumer price index, or what’s commonly called inflation—was expected to run warm, but not like a Miami August afternoon…
Read More06.13.2022
Strong Demand for Health Services Drives Medical Office Development
There is more than 50 million sq. ft. of medical office development currently in the construction pipeline throughout the United States. America’s aging population continues to drive demand for medical services, and that, in turn,…
Read More06.13.2022
Why Real Estate Construction Contract Disputes Are Reaching New Heights
Lessons learned over the last couple years representing owners as it relates to high-end residential and smaller-to-midsize commercial construction projects. It wasn’t long after the lockdowns in the U.S. in March of 2020 due to…
Read More06.10.2022
Consumer Prices Rose Rapidly in May
The latest Consumer Price Index showed a reacceleration in inflation, dashing hopes that price increases had peaked. Prices climbed 8.6 percent in the year through May, a reacceleration of inflation that makes it increasingly difficult…
Read More06.10.2022
Amazon’s Newly Built Warehouses to Stand Empty
The e-commerce giant delays openings of newest fulfillment centers for up to two years. Before the pandemic, the most reliable barometer of regional economic growth was an announcement that Amazon would be building a new…
Read More06.09.2022
CRE Lenders Are Dusting Off The MAC Clause Again
There are other worrisome signs that liquidity may be starting to tighten for CRE borrowers. The last time Mark Scott, president of Commercial Mortgage Capital, remembers a lender invoking the Material Adverse Change, or MAC,…
Read More06.09.2022
How Inflation Is Impacting the Office Recovery
Although office occupiers should have it easier with inflation, there is a catch. There is “no question” that office occupiers have been the least impacted by inflation, according to one industry economist—but that doesn’t mean…
Read More06.09.2022
Amazon’s Plan to Sublease Industrial Space May Just Be the Start
Amazon was the first to announce plans to sublet warehouse space, but other Fortune 500 retailers are expected to return space to the market as well. Over the last decade, first-mile warehouses have evolved from…
Read More06.03.2022
Borderplex, Juárez Industrial Growth Off the Charts
First in a two-part series. The inflation we see first-hand is a result of pent-up demand not being met by supply, due to factors such as increased consumer spending and disrupted supply chains. The industrial…
Read More06.03.2022
Federal Reserve Sees Multiple CRE Markets Softening
Even with some continued economic growth, high prices and interest rates begin to take a toll. According to a recent Federal Reserve report, there’s still growth in overall economic activity, but reports on real estate…
Read More06.02.2022
Negative Leverage in Multifamily Now Widespread
Rising interest rates have lenders increasingly getting better returns than multifamily investors. Another warning sign that harkens back to the epic collapse of the housing market in 2008 has emerged in the multifamily sector in…
Read More06.02.2022
Institutional and Private Investors Go After Net Lease Car Washes
Strong credit profiles and outsized growth potential has created a steady market for car wash sale-leasebacks. As consolidation activity ramps up in the highly fragmented car wash industry, several car wash operators have now reached…
Read More06.01.2022
June 2022 CCIM Deal Making Session Properties
Thank you to all of the brokers, sponsors, and guests who attended the June 2022 CCIM NM Deal Making Session and to those who shared their properties. Click here to view source PDF. Click here to…
Read More05.31.2022
Supply-Chain Relief Sparks Feud Over Degree of Softer US Economy
Some supply strains in the US are easing, two years after a jump in demand started emptying shelves, snarling shipping and sowing the seeds of soaring inflation. The line of 25 cargo ships headed to…
Read More05.31.2022
RECPAC Supports Candidates for the NM Primary Election on June 7th
The New Mexico Primary Election is slated for Tuesday, June 7th. This election will determine the nominees for political parties in advance of the New Mexico General Election on Tuesday, November 8th. The winner is the…
Read More05.31.2022
Commercial Real Estate Market Expected to Grow Despite Rising Interest Rates
While rising interest rates are posing a risk to economic growth, NAR Chief Economist Lawrence Yun expects the commercial market to perform well despite the headwinds, especially in the short term. During the 2022 REALTORS®…
Read More05.30.2022
“Trifecta of Problems” for NM Construction Companies
Construction companies in New Mexico are facing issues, and looking for solutions, in a market still ensnared by the economic forces of the COVID-19 pandemic. “They have the trifecta of problems, because not only is…
Read More05.29.2022
How Can An Office Building Embrace The Concept Of Placemaking?
Placemaking is a word that has popped up often in the last few years in reference to community development, but it’s an idea that is still lost on many developers. The Project for Public Spaces defines placemaking as…
Read More05.26.2022
Positive Outlook for Commercial Real Estate Hits Seven-Year High
Results from the first-half 2022 WMRE/Marcus & Millichap Investor Sentiment Survey are overwhelmingly positive. The Investor Sentiment Index climbed five points from 165 in the H2 survey to reach 170 – the highest level since…
Read More05.25.2022
10 Economists Offer Their Advice for CRE Investors
How have rising interest rates, inflation and geopolitical uncertainty changed the outlook for U.S. commercial real estate investors? It’s an understatement to say that there’s a lot of uncertainty right now regarding not only the…
Read More05.25.2022
Why Patent Filings Matter To CRE
Popular technologies are bound to find their way into the software and hardware professionals use. Patent filings are not the typical object of fascination in commercial real estate. But a periodic look can give some…
Read More05.25.2022
Further Vacancy Compression Expected For Single-Tenant Retail
Tenants absorbed more than 68 million square feet over the twelve-month period ending in March. Single-tenant retail is continuing to perform well as consumer foot traffic and spending in brick-and-mortar stores has heated up, with…
Read More05.25.2022
Retail Cap Rates vs The Federal Reserve
Many investors are concerned that the raising of interest rates by the Fed will lead to an increase in cap rates, but that isn’t necessarily the case. The Fed raises interest rates and shows no…
Read More05.25.2022
Breaking Down the First Quarter Commercial Real Estate Investment Numbers
David Bodamer is joined by CBRE's Darin Mellott to discuss key highlights from the commercial real estate industry's busy first quarter. After a record breaking fourth quarter in 2021, the momentum continued into the first…
Read More05.25.2022
Hybrid Work Was Supposed to Create the Best of Two Worlds. It’s Turning Out to be a Challenge for Office Tenants.
“Hybrid is going to be a multi-year journey, and we just started the journey in 2022,” says JLL’s Peter Miscovich. The need to retain talent has prompted many companies across the U.S. to implement a hybrid…
Read More05.25.2022
Hybrid Work Was Supposed to Create the Best of Two Worlds. It’s Turning Out to be a Challenge for Office Tenants.
“Hybrid is going to be a multi-year journey, and we just started the journey in 2022,” says JLL’s Peter Miscovich. The need to retain talent has prompted many companies across the U.S. to implement a hybrid…
Read More05.24.2022
From Spaces to Places With Purpose
Tenant demand for workspaces that offer connection, collaboration and creativity will determine which office buildings rise above the competition With the flight to quality in full force, owners and investors must balance competing requirements to…
Read More05.24.2022
Self-Storage REITs: Biggest Will Get Bigger
Flush with cash and industry-highest occupancy rates, Public Storage is poised to continue its acquisition strategy. Record-high occupancy rates and returns that outperformed all other REIT sectors in 2021 have the six self-storage REITs engaged…
Read More05.24.2022
Interest Rate Cap Fees Are Crushing Transactions
Costs are up multiple times as deals go out the window. How many ways can a CRE borrower say out? How about a good factor of ten when it comes to interest caps on adjustable-rate…
Read More05.23.2022
Investment Activity in the Skilled Nursing Sector is Ramping Back Up
Occupancy rates are still recovering and costs remain a concern, but the long-term outlook for the sector remains positive. Investors are eager to buy skilled nursing facilities–and prices are still high, even though many properties…
Read More05.20.2022
A New Hub and Spoke Model Emerges As Office Occupiers Rethink Plans
The model is being used to test the waters and may not become permanent. A modern hub and spoke model is slowly emerging through flexible office providers as companies reconsider their optimal CRE footprint, according…
Read More05.20.2022
Micro-Fulfillment Centers Resolve Online Grocery’s Pain Points
Powered by robotic technology, micro-fulfillment centers can be in a parking lot or in the back of an existing store. Grocery is the last frontier of e-commerce expansion. While online shopping has rapidly attracted consumers…
Read More05.19.2022
Grab Your Clubs! CARNM Charity Golf Tournament 8/4/22
Life is good when you're golfing FORE charity! Register to play, sponsor, or donate! CARNM, as an association, has a goal of reaching out and making a difference in the community. Proceeds will benefit two New Mexico charities: New Mexico Cancer Center…
Read More05.18.2022
May 2022 LIN Properties
At the May 2022 LIN Meeting, 13 excellent properties were presented. Thank you for presenting properties and attending the meeting! View the May 2022 LIN properties here. View the May 2022 LIN Thank Yous here.
Read More05.17.2022
What Else Drives Cap Rates Besides Rising Interest Rates
The amount of capital in the market, better yields elsewhere and even demographics matter. Many investors assume a direct correlation between cap rates and interest rates – that borrowing costs will drive investor purchase decisions,…
Read More05.17.2022
Multifamily Investors Primed To Pay A Premium
The average price per unit climbed 21.6% in 2021. Multifamily investors are increasingly willing to pay more than ever before for the asset class, according to a new analysis from Yardi Matrix. The firm logged…
Read More05.17.2022
NAR On Common Ground Spring 2022
What are the risks of extreme weather and best practice strategies to develop a sustainable built environment? Read the latest issue of On Common Ground online or via the OCG APP (Apple) (Google Play) to…
Read More05.17.2022
Commercial Cap Rates Likely to Keep Compressing in 2022 Despite Higher Interest Rates
Rising interest rates are likely to put some upward pressure on cap rates in 2022. However, the rise will be modest compared to the increase in the benchmark 91-day Treasury that has already increased by…
Read More05.17.2022
Will Inflation Derail the Recovery in Restaurant Dining and Leasing?
High inflation, including rising gas prices, can disrupt the improving performance of restaurant tenants. Simmering demand from Americans who missed dining out during the pandemic boiled over in late 2021, resulting in more restaurant visits and increased…
Read More05.16.2022
Investors, End-Users Compete for Last-Mile Warehouses as Rents Skyrocket
Rents for these facilities can often be 50 percent above those at distribution facilities in traditional locations. Last-mile facilities, which were already highly prized in recent years, are emerging as perhaps the most desirable asset…
Read More05.13.2022
The Dark Side of CRE M&A: Making IT Systems Work Together
Not only are there the traditional issues, but also a few novel twists. When one company acquires another, it usually means a big expansion of its market. It also meant something else that will become obvious…
Read More05.13.2022
Robotics, Medical Vending Machines, and 20K Tons of Steel: A Look Inside Amazon’s ABQ Center
From the outside, the facility looks as if it can fit a small town into it. And it probably can. Amazon’s newest fulfillment center, which opened on Albuquerque’s West Side last fall, spans about 2.5…
Read More05.13.2022
Land Real Estate On Upward Curve
Rise in Land Sales, Prices Outpaces Commercial and Residential Growth Land sales rose an average of 6% in 2021, surpassing the sales growth of other commercial and real estate sectors, while land prices rose nearly…
Read More05.12.2022
Capital Continues to Flood the Self-Storage Sector
More funds are investing in this space. Self-storage owner and manager Storage Post is receiving $500 million in capital from a fund sponsored by Almanac Realty Investors, a business unit of Neuberger Berman. The company…
Read More05.12.2022
Shortfall of US Workforce Estimated at 2 Million
The Kansas City Fed team says slower population growth, immigration curbs and Boomers dropping out have created a labor force gap. According to a new report from an economic research team at the Federal Reserve…
Read More05.12.2022
Investors Pour Billions Into Medical Office Sector In Search Of Stability
Investors nationwide are starting to look for more durable asset classes as concerns of a recession become a greater factor, and many are turning their sights toward medical office buildings. Last year, the medical office sector…
Read More05.11.2022
Winrock to Break Ground on Park, Pond
The latest stage in development at Winrock Town Center is here. Goodman Realty Group, the developers behind the property in Uptown Albuquerque, announced plans this week for the groundbreaking of the development’s central park on…
Read More05.11.2022
Retail Traffic Hit Highest 2022 Point Last Month
There was a shift in visit rates in March as COVID restrictions were lifted again. April was the strongest month yet this year for indoor malls, open-air centers and outlet malls in terms of foot…
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