09.18.2020
September 2020 LIN Properties
At the Septembert 2020 Virtual LIN Meeting held on September 16, 2020, 6 excellent properties were presented. Thank you for presenting properties and attending the meeting! View the September 2020 LIN properties here. View the…
Read More09.17.2020
Retail Conversions Expected to Deliver New Logistics Supply
A new report by Prologis considers the trend of converting withering retail properties to logistics properties. Dying malls have a viable use case: conversion into logistics facilities, according to a new report from Prologis. This…
Read More09.16.2020
Apartment Developers Scout Adaptive Reuse Possibilities
That math will become easier for developers if more distressed properties become available at a steep discount. It’s too soon for most developers to sign a contract to buy a failed hotel—but apartment developers are…
Read More09.15.2020
NAR Updates Member 1031 Like-Kind Exchange Survey for 2016 – 2019
NAR has updated its survey on how REALTORS® and their clients use 1031 like-kind exchanges, looking ahead to the prospect of another round of debates over tax reform in 2021, along with the need to…
Read More09.15.2020
Landlord Statistics from the 2018 Rental Housing Finance Survey
Mom and pop landlords manage 77% of 2-4 unit properties There is a wealth of publicly available information about renters, but there is relatively little data known about landlords who perform the important role of…
Read More09.14.2020
Situations Where REALTORS® Feel the Most Unsafe
On the heels of two recent incidents—one involving an armed man hiding in a vacant home and the other involving the attempted abduction of an agent—it’s important for real estate professionals to understand the types of situations in…
Read More09.14.2020
More Firms Are Setting Up Shop at Santa Teresa
The pandemic has busted up business activity across the state, but not at the Santa Teresa border industrial parks in southern New Mexico. Business there is booming, with state exports to Mexico up 11% in…
Read More09.14.2020
Ikea Is Trying to Follow in the Footsteps of Sears Roebuck in Building its Own Mixed-Use Centers. What Are its Chances of Success?
The retailer’s shopping center arm just bought a building in downtown San Francisco. It’s on the lookout for more of the same. Swedish retail giant Ikea, known for its inexpensive, modern, hard-to-assemble furniture, traditionally doesn’t…
Read More09.14.2020
Cracks Emerge in Multifamily Sector Under COVID-19 Pressure
"The evidence of some stress does coincide with a multitude of other issues in multifamily.” A recent analysis by a pair of Moody’s experts highlights what could be the first sign of pandemic-induced stress on…
Read More09.14.2020
Grocery Tenants Help to Prop Up Retail Rents
A new report from Moody’s Analytics shows a .5% to .6% drop in US retail rents, a relatively nominal decrease considering the economic shock. Grocery and pharmacy tenants have helped to prop up average retail…
Read More09.11.2020
The Future of Retail Includes a Drop in Productivity
As brick-and-mortar sales fall, retail sales per square foot has plummeted. A lot has been written about the demise of retail. In April, UBS projected that 100,000 brick-and-mortar stores could close permanently by 2025, as…
Read More09.09.2020
Solving the CRE Technology Gap
More than half of property owners want to implement technology, but many operators struggle to find the right tech solution. A new report from Building Engines called The CRE Technology Gap explores the current relationship between technology and real…
Read More09.09.2020
Tenants Get Creative as They Look to Exit a Lease
If a store can’t survive, a buyout may be the best option. If a landlord thinks a tenant can survive after the COVID economic crisis passes, they’re usually motivated to work on payment plans, according…
Read More09.08.2020
Amazon, Big-Box Chains, 3PLs Among the Most Rapidly Expanding Industrial Tenants
With e-commerce sales booming, these companies are leasing up new distribution and fulfillment facilities. Online sales shot up during the COVID-19 quarantine, causing many companies to rethink their logistics strategies. As a result, a number of…
Read More09.08.2020
Building a Broader Network of Investors
It is now possible to quantify and qualify a target audience more finely than ever before. One of the first things you will learn in an Introduction to Marketing Class is the importance of defining…
Read More09.08.2020
Net Lease Grabs More Volume
Investors flock to long-term leases and creditworthy tenants during the economic downturn. While net-lease investment fell significantly in the second quarter, the sector also took its largest share ever of commercial real estate volume, according…
Read More09.02.2020
Open-Ended: Office Space and Remote Working in the Age of COVID-19
With the worldwide spread of COVID-19, the property management industry has been thrust into the conversation about office layout best practices. This is a perfect opportunity to review how property owners and managers can use…
Read More09.02.2020
August 2020 Commercial Market Trends
View a New Mexico Market Trends Summary Report, which includes August 2020 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 More09.02.2020
September 2020 CCIM Deal Making Session Properties
Thanks to all of the brokers, sponsors, and guests who attended the September 2020 CCIM NM Deal Making Session and to those who shared their properties. Click here to view source PDF. Click here to…
Read More09.01.2020
Survey Explores the State of Post-COVID Recovery
With the tides of the coronavirus pandemic ebbing and flowing, each region of the U.S. finds itself in its own state of recovery. In June, the National Association of REALTORS® surveyed its membership to track the recovery…
Read More09.01.2020
Outlook for Distressed Properties Requires Property Management Expertise
Properties falling into distress are not new. Looking back to the 2008 recession, there were more than 3.1 million foreclosure filings in 2008, up 81% from 2007, and up 225% from 2006. While we don’t quite…
Read More09.01.2020
September is REALTOR® Safety Month
September is NAR REALTOR Safety Month: How You Can Apply Commercial Safety! While the most publicized physical attacks on real estate agents have involved residential agents, commercial agents are equally at risk. Many of the same…
Read More08.31.2020
How COVID-19 Reshaped the Landlord-Tenant Relationship
One aftereffect of COVID-19 has been a move toward more flexible, short-term leases from office landlords. When I started my career in 2004 as an analyst within the commercial real estate industry, times were good,…
Read More08.31.2020
The Cannabis Business Is Proving Resilient. Will More CRE Investors Give It a Chance?
Even when expanded federal unemployment benefits ran out, cannabis sales didn't budge. The cannabis industry is weathering the COVID-19 pandemic much better than expected and is even thriving in some states like California that declared cannabis sellers…
Read More08.31.2020
Why Deferred Rent is No Solution to the Crisis in Retail
Despite all the pre-pandemic talk of a “retail apocalypse,” many of these once-healthy chains have never been in a distressed situation. The continued presence of Covid-19 is highlighting a reality that not everyone wants to…
Read More08.31.2020
Retail Landlords Using Pandemic Clauses for Protection
New retail leases are including pandemic protection for landlords and tenants alike. Retail landlords want to be prepared in the event of another economic shutdown during the pandemic and structure leases to help tenants survive…
Read More08.31.2020
Why #RealtorsVote
August 2020 It’s official! We are 83 day away from Election Day. As we’ve come to expect, we are inundated with political advertisements, social media posts, and other messages on a daily basis. It’s easy…
Read More08.28.2020
Next Up: PropTech – The Future is Now
View a recording of the Next Up: PropTech - The Future is Now from August, 2020. This update features NAR’s VP of Engagement Charlie Dawson discussing how technology is helping commercial real estate and property…
Read More08.28.2020
13 Ways to Step Up Your Defense Against Hackers
Hackers could be using the global pandemic as an opportunity to target real estate as more transactions and communications are conducted remotely. What’s more, phishing emails may try to use COVID-19 as an excuse for…
Read More08.27.2020
U.S. Commercial-Property Prices Fall with Worst Yet to Come
Year-to-date through July, hotel prices fell 4.4 percent, retail prices 2.8 percent office prices 0.9 percent, according to Real Capital Analytics. U.S. commercial real estate prices are falling as the economic toll of the Covid-19…
Read More08.26.2020
Mall Landlords Use Open-Air Pop-Ups to Help Retailers Through the Pandemic and It Seems to be Working
Unibail-Rodamco-Westfield, Simon, Brookfield and the Segerstrom family among mall owners trying this approach in locked-down states. When COVID-19 forced the closures of indoor malls for a second time in California as coronavirus cases there continued…
Read More08.26.2020
10 Tips for Looking Your Best on Video
It's time to get past discomfort with video appearances. A winning on-camera presentation is no longer just a noteworthy career goal; it’s become a professional imperative, says Jacqueline Whitmore, a business etiquette expert and founder…
Read More08.26.2020
In the Trenches: Doing Business During the Pandemic
Real estate practitioners share candid, inspiring tales of how they've adapted to working through the crisis. We asked agents to share their experiences of working through a period that has felt surreal, scary, and, at…
Read More08.25.2020
Office Concessions Are Here But Maybe Not for Too Long
But this tenant-friendly environment will likely only last for the next 12 to 18 months, says CBRE’s Spencer Levy. As pandemic-led pressures mount for office landlords, they are ramping up offers of free rent and…
Read More08.24.2020
The K-Shaped US Economic Recovery Theory and What It Means for CRE
If some economists' theory of a "K-shaped" COVID-19 economic recovery pans out, commercial real estate markets for affluent segments may fare better than those for lower-income people or companies. An uneven economic recovery from the…
Read More08.24.2020
Pandemic Accelerates Demand Trends for Industrial Property
The surge in online shopping and a trend away from just-in-time inventories are factors that are driving tenant demand for warehouse space. Increased demand for industrial space, which has fared better than other real estate…
Read More08.24.2020
Top US Office Markets Tumble From COVID-19 As Tenants Retrench
Net absorption fell in each of the top 10 markets in the second quarter, with eight markets posting negative numbers. The Coronavirus and ensuing recession have altered the fortunes of the top 10 US office…
Read More08.24.2020
US No Longer Leads the World in CRE Investment
“The social safety nets of European countries can look more expensive, but in a time of crisis, they can also help investors understand how economic losses will be distributed." The United States is no longer…
Read More08.24.2020
Office Pricing Gets Murkier Waiting for Recovery
“The typical company spends close to a tenth of its budget on its office space, so this is an area that will likely come into focus for expense reduction if the recovery is slow." Office…
Read More08.21.2020
Essential Services Drive Retail Leasing
Most retailers have stalled leasing activity, but essential retailers are continuing to sign new leases even through the pandemic. It is no surprise to hear that retail leases have stalled during the pandemic. With many…
Read More08.20.2020
NAR Issues Fraud Alert Over Suspicious Insurance Calls
If you receive a phone call or text claiming to be from “NAR health insurance,” it’s fraud, the National Association of REALTORS® is warning its members. NAR says it has received a number of reports…
Read More08.19.2020
August 2020 LIN Properties
At the August 2020 Virtual LIN Meeting held on August 19, 16 excellent properties were presented. Thank you for presenting properties and attending the meeting! View the August 2020 LIN properties here. View the August…
Read More08.18.2020
August 2020 Commercial Market Insights
Download (PDF: 3 MB) As a result of the coronavirus pandemic and measures to contain it, the global economic landscape has been dramatically altered. The pandemic has hammered the economy and disrupted the sense of normalcy…
Read More08.18.2020
Leasing Conditions In a Pandemic Environment – July 2020
Download the report here. Source: "Leasing Conditions In a Pandemic Environment - July 2020"
Read More08.18.2020
10 Ways the Workplace Is Changing
The pandemic has undoubtedly reshaped the workplace, and many experts believe the changes will be long-lasting. Commercial real estate will see a number of sweeping changes, according to JLL’s Top 10 Global CRE Trends report.…
Read More08.17.2020
New CECL Rules Could Further Constrain CRE Lending
COVID-19 has further complicated an already complex adjustment to how banks have to account for potential losses on their balance sheets. Banks and other financial institutions have griped about being inundated with new rules and…
Read More08.17.2020
Commercial Real Estate Trends & Outlook – July 2020
Page 4 - Commercial Sales and Prices Page 6 - Land Market Page 7 - Cap Rates Page 8 - Leasing Page 9 - Vacancy Rates Page 10 - Construction Page 11 - Multifamily Outlook…
Read More08.17.2020
Building on Vision for ABQ West Side
The last two decades have seen millions of square feet of development go up on the West Side of the Albuquerque metro area. In the area known as Upper Petroglyphs, near Interstate 40 and Atrisco…
Read More08.13.2020
The Current Status of Eviction Bans by State
Many elected leaders enacted emergency bans on evictions as part of COVID-19 relief measures. Those have now come to an end in some states. A big part of COVID-19 relief policy in the early days…
Read More08.13.2020
CBRE Economist Sees Favorable Signs For Office Sector, Wider Economy
A turn towards remote work may be partially offset by decreased densification in offices, according to CBRE global chief economist Richard Barkham. The global chief economist for commercial real estate giant CBRE says he’s optimistic…
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