06.25.2021
SIOR: Bringing Life Back into Healthcare Real Estate
How Healthy is Healthcare Real Estate? The term “healthcare properties” can be so broad as to be almost meaningless, including everything from laboratory space to nursing homes. However, most real estate professionals prefer a narrower…
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06.25.2021
SIOR: Staying Closer to Home
How Reshoring and Onshoring Can Make a Difference Paul Danks, SIOR, president of the SIOR European Regional Chapter, is currently director of global corporate solutions for DeVono Cresa in London. He also spent 35 years…
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06.25.2021
CRE Development: Bloom or Doom
Has COVID-19 impacted the start or completion of commercial projects? The word “pandemic” refers to a disease prevalent over a whole country—or the world—and COVID-19 certainly meets that definition. But what about construction in commercial…
Read More06.25.2021
SIOR: 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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06.24.2021
NM Film Industry Breaks Record Despite Pandemic
New Mexico remains a hot spot for film and TV. The state announced this week that the New Mexico film industry has brought in $623 million in what is known as a “direct spend” with…
Read More06.23.2021
Death of the Department Store? Not So Fast
“The overarching narrative of doom and gloom seems to miss out on the lingering strength and potential of leading players.” Pandemic-era fears over the death of the department store were largely overblown, at least according…
Read More06.21.2021
How CBRE’s Repositioning Team Plans to Reinvent the Mall
Mark Hunter, of the firm’s recently formed mall repositioning team, talks about what it might take for retail landlords to thrive in a new era. As malls and shopping centers look towards recovery from the…
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06.21.2021
The Evolution of the Pandemic’s Effects on Seniors Housing
Nearly two-thirds of NIC survey respondents expect their organizations’ occupancy rates to recover to pre-pandemic levels sometime in 2022. In March 2020, the National Investment Center for Seniors Housing and Care (NIC) launched the Executive…
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06.21.2021
GSEs Lead Commercial/Multifamily Mortgage Debt Increase in Q1
Agency and GSE portfolios and MBS saw their holdings of commercial/multifamily mortgage debt increase by $23 billion, or 2.8%. GSEs led a first quarter rise in commercial/multifamily mortgage debt, according to the recently released Mortgage…
Read More06.19.2021
‘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. On a sweltering afternoon, Brown maneuvers…
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06.15.2021
Lumber Prices Suddenly Move Downward
Builders are feeling relief, unless they had stocked up on product expecting an extended period of elevated prices. The bigger they are, the harder they fall is an old aphorism that has captured the reality…
Read More06.14.2021
When is a Leasehold Investment Right for you?
Simply stated, you get your profits sooner with the leasehold investment. When is a leasehold investment a good option—and more importantly, when is it right for you? If, like many investors, you would answer with…
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06.14.2021
More Evidence That Reducing Office Space Is Losing Its Appeal
Thirty-seven percent of tenants surveyed said they were reducing space needs. Add yet another survey to mix that attempts to decipher how office tenants are thinking about space after the pandemic. In a survey of…
Read More06.11.2021
New Retail Sales Forecast for 2021 Significantly Exceeds Earlier Prediction
Sales now expected to top $4.44 trillion this year. Retail sales are doing better than initially expected earlier in the year. The National Retail Federation has revised its annual forecast for 2021, projecting that retail…
Read More06.10.2021
Mall Retailers Are Exploring Freestanding Sites. Are They a Good Bet for Net Lease Investors?
As Macy’s, Nordstrom Rack and The Gap look at freestanding stores, they might change the net lease market. Even before the pandemic, retailers were evaluating their physical footprints and shuttering underperforming store locations. COVID-19 accelerated…
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06.10.2021
Another Jump In Prices Tightens The Squeeze On US Consumers
American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008. The May rise in consumer prices that…
Read More06.10.2021
Here’s What Those Labor Shortages Mean For CRE Investors
"The challenging hiring climate has direct and indirect implications for commercial real estate." May job creation numbers were once again below expectations, clocking in at 559,000 positions. And with an estimated 8 million job openings…
Read More06.10.2021
Industrial Asking Prices Suggest Market Correction May Be Near
Industrial prices dropped 6.68% over April figures, forcing cap rates up slightly in response. The multifamily asset class continued along a growth trajectory last month, while industrial prices dropped significantly, suggesting the market may be…
Read More06.10.2021
Enchant: San Juan To Stay Traditional Coal Plant Till 2025
Enchant Energy Corp.’s plan to turn the coal-fired San Juan Generating Station into the world’s largest carbon-capture power plant is facing years-long delays. When Public Service Company of New Mexico abandons the facility in June…
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06.10.2021
Commercial Real Estate Metro Market Reports
Commercial Metro Market Reports Q1 2021 The Commercial Real Estate Metro Market Reports provide economic and commercial data on 67 metropolitan areas or portions of these areas. These reports are intended to shed light on…
Read More06.10.2021
May 2021 Commercial Market Insights
Year-to-date through April 2021, commercial transactions were 10% below the level one year ago. Commercial real estate prices continue to firm up, but valuations were still broadly down by 5% in April compared to January…
Read More06.10.2021
Back to the Office?
As offices reopen, the COVID-19 workplace must emphasize flexibility, safety, and collaboration. As the economic recovery begins and COVID-19 vaccines become readily available, businesses and real estate professionals alike are working to determine their post-pandemic…
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06.09.2021
The drones are coming, but can they deliver?
More logistics firms and retailers are turning to drones for last mile deliveries The sight of drones dropping parcels in back gardens or balconies is closer than ever as more aviation authorities give trial schemes…
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06.09.2021
How One Investor is Mitigating the Surge in Materials Costs
Working with a proactive general contractor is essential. Rising materials prices are becoming a bigger and bigger issue in real estate. In a May 2021 survey for the NAHB/Wells Fargo Housing Market Index (HMI), 90%…
Read More06.08.2021
An Abundance Of Liquidity
Debt funds, construction finance, office lending. There is seemingly no end to the capital markets’ largeness these days but some caveats are in order. Just two years ago, Starwood Property Trust told its shareholders about…
Read More06.07.2021
Choose Carefully When Investing in CRE to Hedge Inflation
Also beware of following conventional wisdom in these still-uncertain times. Commercial real estate has long been a tool to hedge inflation by storing value. But after 15 years of dovish Federal Reserve monetary policy, massive…
Read More06.03.2021
Experts: In Less Than a Year Office Will Be Back to Normal
“We likely won’t see a return to the far side of densification within an office space, but we also likely won’t see a full swing the opposite way to the elimination of the office altogether.”…
Read More06.03.2021
Drone Use May Be on the Rise
Real estate pros have increasingly been using drones to capture aerial photos and videos of their listings or even the interiors. New Federal Aviation Administration rules may even allow for greater use too. The FAA has…
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06.02.2021
Multifamily Property Managers Adapt To Trends In The New Market
"Between 2015 to 2020, the apartment rental market in the U.S. demonstrated a steady 1.7% growth, which reached $173.4 billion in 2020. The COVID pandemic, however, caused rental demand to plummet by 4.5% in 2020.”…
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06.02.2021
June 2021 CCIM Deal Making Session Properties
Thank you to all of the brokers, sponsors, and guests who attended the June 2021 CCIM NM Deal Making Session & Forum, and to those who shared their properties. Click here to view source PDF. Click…
Read More06.01.2021
A Construction Boom is Coming Despite Skyrocketing Material Prices
Domestic steel and lumber prices have tripled since last year creating hardship for many developers. While rising costs have canceled some construction projects, CBRE says 2021 will still see a boom in new commercial real…
Read More06.01.2021
Amazon’s Outsized Impact on Industrial
“When it comes to e-commerce, there is Amazon and then there is everyone else.” Amazon is leading the competition for fulfillment centers and last-mile delivery locations, and the e-commerce behemoth is also pushing the new…
Read More06.01.2021
Why Industrial Property Managers Will Benefit from Sustainable Development
Adaption of sustainable building practices will make industrial property managers’ jobs easier. “Inclusive and sustainable development.” That’s how Alberto Rincon, director of Community Planning for The Invert in Chicago, describes the future of the industrial real…
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06.01.2021
May 2021 Commercial Market Trends
View a New Mexico Market Trends Summary Report, which includes May 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 More05.31.2021
A New Labor Dynamic
As the economy reopens and large-scale construction projects across the state ramp up, concern is growing over the lack of skilled tradespeople available to complete those development projects. “What we think we see is that…
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05.28.2021
Inflation Might Not Deflate CRE Profits
Different aspects of commerce can feel vastly different effects from inflation. Inflation is the current hot mess controversy of the moment among economists—and, as a result, US business. The concern: trillions in fiscal stimulus from…
Read More05.28.2021
Office is the New Retail: A Dynamic Property Sector Faces Painful Adjustments and a Bifurcated Recovery
Despite wholly different market dynamics, the office property sector is confronting some challenging adjustments coming out of the pandemic that eerily mirror those buffeting the retail sector. American office workers are preparing to venture out…
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05.26.2021
Builders Advised to Stock Up On Lumber, Steel As Shortages Loom
One analyst cautions builders to avoid locking in any long- or medium-term prices at current levels. Construction firms should stockpile a supply of critical materials like lumber and steel they’ll need for projects in the…
Read More05.21.2021
CRE Recovery Will Likely Be Bifurcated
Moody’s cautions against relying on the old adage that CRE is a “hedge against inflation.” CRE performance metrics will likely continue to improve this year, though analysts caution the recovery will remain bifurcated. Research from…
Read More05.19.2021
May 2021 LIN Properties
At the May 2021 Virtual LIN Meeting, 8 excellent properties were presented. Thank you for presenting properties and attending the meeting! View the May 2021 LIN properties here. View the May 2021 LIN Thank Yous…
Read More05.14.2021
Yun: Consumer Spending Likely to Spur Economy
The economy is at 99% of its pre-pandemic activity, and growth in Americans’ income and savings could propel housing in the second half of the year, Lawrence Yun, chief economist for the National Association of…
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05.14.2021
Landlords Are Ready to Restart Evictions Amid Pandemic; 11th Circuit Weighs Arguments
"Our clients were able to file paperwork, but they can't achieve any meaningful remedy while this eviction moratorium is going on," said attorney Caleb Kruckenberg. "If they use state court systems to affect a lawful…
Read More05.13.2021
Avoid Legal and Ethical Pitfalls
Maintaining a solid reputation contributes to your business success. Here are key steps to help you stay on the right side of the law and the Code of Ethics. Key Takeaways: If a legal issue…
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05.13.2021
CCIM Institute: Market Trends
Developer Turns to Crowdfunding for CRE Fund Investing in commercial real estate has typically been associated with institutions and high net-worth individuals. Crowdfunding works for startups and small projects, but the practice hasn’t made much…
Read More05.13.2021
Multifamily’s Path Ahead
Considering the national lockdown and resulting shelter-in-place orders after COVID-19’s arrival in the U.S. last spring, the multifamily market was expectedly tight through June and July 2020. But as state and local economies began to…
Read More05.11.2021
Case Studies on Repurposing Vacant Hotels/Motels into Multifamily Housing
One obvious adaptive reuse of vacant hotels/motels is for multifamily housing. In 2020, the hotel occupancy rate plunged to 37% as the COVID-19 pandemic severely cut leisure and business travel and events. Even as the…
Read More05.11.2021
Two Studies See Strong Rebound in CRE Expectations
“Economic expansion and the jobs recovery will lead to rises in occupancy across all commercial real estate property types.” Both the CRE Finance Council and the second from the National Association of Realtors see signs…
Read More05.11.2021
An Oversaturated Flex Space Market Could Easily Deflate
“We’re talking about a 7-to 15-fold increase over the next decade.” The flex office market already looks like it will see a comeback. Indicators range from the resurrection of WeWork into a publicly held company through a…
Read More05.11.2021
Two Studies See Strong Rebound in CRE Expectations
“Economic expansion and the jobs recovery will lead to rises in occupancy across all commercial real estate property types.” Both the CRE Finance Council and the second from the National Association of Realtors see signs…
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