08.04.2021
Collaborative Design and Risk Allocation in Infrastructure Design-Build
How WSDOT Saved $89M With Design-Build Last winter, I had a chance to review a freeway interchange project that was recently completed using the Design-Build style of procurement. I assumed what I would find would…
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08.04.2021
Are Production Studios About to Become a Major CRE Asset Class?
Major investors are pouring more and more money into these assets. On July 29, Blackstone and Hudson Pacific Properties announced plans to invest $170 to $190 million to develop a 240,000-sq.-ft. production studio on the…
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08.04.2021
August 2021 CCIM Deal Making Session Properties
Thank you to all of the brokers, sponsors, and guests who attended the August 2021 CCIM NM Deal Making Session & Forum and to those who shared their properties. Click here to view source PDF. Click…
Read More08.03.2021
Surviving Volatility
The coronavirus pandemic turned the world upside down, so CRE professionals will need creative options when it comes to renegotiating leases. Disruptions happen all the time. The next one is sure to come — what…
Read More08.03.2021
A Resurgence For “Made In America”
Numerous factors point to a renaissance for U.S. manufacturing Due to a variety of changing dynamics worldwide, manufacturing in the U.S. appears ready for a renaissance. In fact, “The rate of reshoring and incremental foreign…
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08.03.2021
Self-Storage Sector Starts Seeing Bidding Wars as Investors Bet on Future Income
The improving fundamentals in the sector are attracting multiple bids on available properties. Investors are so eager to buy self-storage properties, they are willing to pay high prices based on potential future income, even before the…
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08.03.2021
Recovery for Sectors Hardest Hit By COVID to Take Two More Years
Central banks won’t need to raise interest rates in the next 12 months, which will support growth for the next two years. The global recovery for the retail, office, and hospitality sectors is underway but…
Read More08.03.2021
Delta Variant Pushes Back Some Office Re-Openings
If more firms follow these companies, the future of the office asset class will be even more uncertain than it already is. The Delta variant has forced a handful of big-name companies to push back…
Read More08.03.2021
A New Normal
Brokers Readjust Their Thinking in a Post-Pandemic Market Office and industrial properties present a tale of two markets, post-pandemic. On the one hand, the industrial sector has exploded, as providers of product continue to ensure…
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08.02.2021
Grocery Store Visits Returning to Pre-Pandemic Patterns
The increase in weekend and regular visits indicates the return of normal shopping trips. Shopping trips to grocery stores and superstores carrying food and medicine are returning back to normal, says a recent report on…
Read More08.01.2021
July 2021 Commercial Market Trends
View a New Mexico Market Trends Summary Report, which includes July 2021 Commercial Market Trends. This report includes the total number of listings, asking lease rates, asking sales prices, days on the market and total square feet…
Read More07.30.2021
“Worst May Actually Be Behind Us” In Lumber Prices, Says Construction Expert
However panic buying by contractors could create a bubble. The worst may actually be behind us for lumber prices, CoreLogic Construction Expert Glenn Bearden said in a recent company podcast. US lumber prices were up…
Read More07.29.2021
Markets Most Affected by Investors
Investors are snatching up homes and are being blamed for contributing to the inventory shortages in several markets across the country. Investors are buying homes and then holding on to the properties, often turning them…
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07.29.2021
Biden Won’t Extend Moratorium
Eviction Ban Set to Expire? The Biden Administration on Thursday said it would not attempt to unilaterally extend the Centers for Disease Control and Prevention’s (CDC) national eviction moratorium, allowing it to expire on July…
Read More07.29.2021
US Economy Surpasses Pre-Pandemic Size With 6.5% Q2 Growth
Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession. The total…
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07.28.2021
Tenants Brace For Eviction Flood Following End Of CDC Eviction Moratorium, While Landlords Stress Relief Options
In a matter of days, the eviction moratorium imposed by the U.S. Centers for Disease Control and Prevention will be lifted, removing what is, in some parts of the country, the only thing standing between…
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07.23.2021
New Survey Paints Bright Picture for Apartment Industry
Rent growth has been whopping this year. The latest quarterly survey of apartment conditions by the National Multifamily Housing Council confirms what has been clear for months: the rental markets are posting strong growth. Ninety-two…
Read More07.23.2021
Our Deep Divisions
There seems to be nothing new about America’s political polarization. Depending upon one’s historical perspective, this might be dated to the 1990s “Contract with America,” the 1960s Vietnam and Civil Rights movements, even deeper to…
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07.23.2021
Collecting Data On Office Communities Can Boost Profits, But Security Is Essential
In every sector, data leads to profit. As our lives become increasingly reliant on technology, companies are realizing the power that lies in collecting and analyzing information about how we live and work. Netflix saves $1B…
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07.22.2021
Accelerated Demand for Industrial Space Is Driving a Boom in Spec Development
Many spec projects are being leased up before construction even starts. Accelerating demand for industrial space is driving a boom in speculative construction in the sector by investors and developers across the board. As Amazon, Fedex, DHL,…
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07.22.2021
The Juice Isn’t Worth the Squeeze
Mr. President, there are many reasons why we shouldn’t cap the 1031 like-kind exchange. Key takeaways: Research shows like-kind exchange transactions have a multiplier effect in a community when it comes to creating and maintaining jobs.…
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07.21.2021
US Office Market Statistics, Trends & Outlook
Office market primed for rebound as dynamics begin to stabilize After more than a year of uncertainty and unprecedented challenges, the U.S. office market is stabilizing and slowly capitalizing on the macroeconomic recovery. Falling unemployment,…
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07.21.2021
July 2021 LIN Properties
At the July 2021 Virtual LIN Meeting, 20 excellent properties were presented. Thank you for presenting properties and attending the meeting! View the July 2021 LIN properties here. View the July 2021 LIN Thank Yous…
Read More07.19.2021
3 Ways Health Systems Can Leverage Real Estate To Achieve Savings, Growth
Hospitals and health systems can realize untapped savings by better managing their real estate footprint and strategy, according to a July 19 report from real estate company JLL. The report analyzed ways that providers can…
Read More07.16.2021
March 2021 Commercial Market Insights Overview
Replay the March 2021 Commercial market Insights Overview with NAR’s Director of Engagement – Commercial, Johnny Noon, and Gay Cororaton, NAR’s Senior Economist, Director of Housing and Commercial Research. Watch here. Source: "March 2021 Commercial Market…
Read More07.15.2021
Indoor Mall Visits in ‘Striking Distance’ of Pre-Pandemic Levels
The back to school season will also be a critical metric for retailers, especially since the 2019 season was especially successful. Visits to indoor malls in the second quarter were “within striking distance” of pre-pandemic…
Read More07.15.2021
Despite Recent Rally, Retail Investment Sales Face a Long Road to Recovery
Acquisitions of retail property rose in recent months. But the sector continues to face uncertainty and a bid/ask divide. As consumers across the U.S. return to stores and spending rebounds to pre-pandemic levels, allowing retailers…
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07.15.2021
The Flight of the Butterfly Is Coming to an End
As widespread U.S. vaccinations occur, the Butterfly Recovery of the past year will give way to a new Roaring 20s. It is very difficult to paint a scenario where this boom fails to materialize except…
Read More07.14.2021
New Infrastructure Imperatives Emerge
The COVID-19 pandemic, climate change, and heightened societal interest in social and economic equity have redefined infrastructure imperatives beyond significant ongoing necessity for improved roads, bridges, airports, ports, mass transit, and other traditional infrastructure needs.…
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07.14.2021
July 2021 CCIM Deal Making Session Properties
Thank you to all of the brokers, sponsors, and guests who attended the July 2021 CCIM NM Deal Making Session and to those who shared their properties. Click here to view source PDF. Click here to…
Read More07.12.2021
Emerging from the Pandemic: A Guide for Real Estate Family Businesses
This is the right time for family leaders to consider how well the business responded during the past year and what lessons could be learned. As we begin to emerge from the devastation and tragedy…
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07.09.2021
Last Mile Logistics: On Time and In Full
Introduction Logistics conjures images of the brown UPS delivery vehicle from the 1980s for most baby boomers. For younger generations, though, logistics is an often used—but mostly misunderstood—term that impacts all MSAs and commercial property…
Read More07.09.2021
Surprise, Surprise: Retail Rents Actually Grew In Q2
Office rents did decline in 37 out of the 79 metros Moody’s tracks for Q2. Effective retail rents grew by 0.1% in the second quarter, a sign experts from Moody’s Analytics say shows a “significant”…
Read More07.09.2021
Last Mile Logistics: On Time and In Full
Introduction Logistics conjures images of the brown UPS delivery vehicle from the 1980s for most baby boomers. For younger generations, though, logistics is an often used—but mostly misunderstood—term that impacts all MSAs and commercial property…
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07.08.2021
What The Rise And Fall Of Lumber Prices Tell Us About The Pandemic Economy
It's been a roller-coaster ride for lumber prices over the last year – and it's drawn outsize attention from the aisles of Home Depot to the Federal Reserve. Lumber prices surged to record highs this…
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07.07.2021
From Materiality to Risk Mitigation: ESG at A Tipping Point for Real Estate
Introduction Environmental, social, and governance (ESG) has reached a tipping point. In a 2019 McKinsey survey, 57% of CEO respondents said they believe ESG programs create long-term value, and 83% say they expect ESG programs…
Read More07.02.2021
Pushed Off the Diving Board: Accelerated Tech Adoption in the Golden Age of the Late Adopter
Technology once again makes our Top Ten list but under different conditions and with more short-term implications. Constant themes like artificial intelligence (Al), machine learning (ML), the Internet of Things (IoT) and cybersecurity remain part…
Read More07.01.2021
Some E-Commerce Drivers For Industrial Are ‘Misleading’
The spike in activity wrought by the COVID-19 pandemic is one example of a misleading indicator. The exponential growth in e-commerce sales is a “misleading signal” for the industrial market, says Real Capital Analytics’ Jim…
Read More07.01.2021
What the Revised Census Numbers Mean for Multifamily Investors
Recent revisions to the 2020 Census revealed that the population in the Northeast grew much more in the past decade than previous estimates had indicated. During the coronavirus pandemic, stories abounded about Americans streaming out of…
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07.01.2021
June 2021 Commercial Market Trends
View a New Mexico Market Trends Summary Report, which includes June 2021 Commercial Market Trends. This report includes the total number of listings, asking lease rates, asking sales prices, days on the market and total square…
Read More06.30.2021
10 Experts Sound Off on “Return-to-Office” Trends
A largely successful vaccination drive and work-from-home fatigue have changed expectations on corporations' "return-to-office" timeframes and strategies. As the U.S. vaccination drive continues and COVID-19 cases and hospitalizations stand at a fraction of their worst…
Read More06.30.2021
Will COVID-Accelerated Mobility Patterns Endure, Changing the Built Environment as We Know It?
Introduction COVID-19’s disruption during 2020 has significantly impacted the world’s economy, demographics, and human behavior in how and where they use space. While the general flow of people, the migration within and immigration between countries,…
Read More06.30.2021
Besides Materials Costs, Labor Shortages Are Also Hindering Construction
One observer thinks there needs to be carrot and stick incentives to get people back to work. As businesses are opening back up, they’re running into a problem. It isn’t easy to find labor. While…
Read More06.30.2021
Eviction Moratorium Forced 12% of Small Landlords Out of Business
“These small owners who didn’t have the cash to survive this are simply cashing out to try and save their retirement income.” While the CDC has recently said its latest extension of the federal eviction moratorium will…
Read More06.30.2021
Will COVID-Accelerated Mobility Patterns Endure, Changing the Built Environment as We Know It?
Introduction COVID-19’s disruption during 2020 has significantly impacted the world’s economy, demographics, and human behavior in how and where they use space. While the general flow of people, the migration within and immigration between countries,…
Read More
06.29.2021
Medical Tenants’ Appetites for Retail Space Remains Robust
Shopping centers continue to appeal to medical clinics seeking to increase market exposure and accessibility. In spite of a brief slowdown caused by the COVID-19 pandemic last year, medical practices are back to leasing space…
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06.29.2021
ABQ’s Job 1: Become Growth Leader
Albuquerque economic developers are setting lofty goals for stimulating job creation in the metro area, boosting the city’s brand nationally and working to overcome some of its most stubbornly entrenched problems. A first-of-its-kind five-year strategic…
Read More06.29.2021
Cannabis Legalization Arrives in New Mexico
You can’t legally buy it yet, but cannabis is no longer prohibited in New Mexico when it comes to possession and home growing. After years of debate, New Mexico became the 17th state to legalize…
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06.29.2021
On Narrow Vote, Supreme Court Leaves CDC Ban on Evictions in Place
The Supreme Court voted 5 to 4 on Tuesday night to leave in place the Centers for Disease Control and Prevention’s ban on evictions, imposed to combat the coronavirus pandemic and prevent homelessness. The ban…
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06.25.2021
‘We’re Sounding the Alarm’ on Waterflow, Elephant Butte Managers Say
Neal Brown dismantled, relocated and reassembled one of his marinas at Elephant Butte Lake State Park last week. Dropping reservoir levels prompted the rare, labor-intensive move to deeper water.
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