07.14.2020
Office Markets Are Preparing for the “New Normal”
The prospect of falling occupancies and rent reductions will cause cap rates to rise. COVID-19 has been a shock to public health and the economy. As the toll of new cases starts to subside in…
Read More07.13.2020
Elder Care Updates to Counter Viral Spread
Industry professionals are working on new architectural and design methods for reducing the spread of COVID-19 and other pathogens in senior communities. Among the most vulnerable in the pandemic have been the elderly who reside…
Read More07.10.2020
More Industrial Space Needed to Meet E-Commerce Demand
Demand for industrial real estate could require an extra 1 billion square feet by 2025, predicts JLL, a commercial real estate firm. A call for more fulfillment centers is rising as e-commerce continues to grow…
Read More07.09.2020
Why This Might Be the Moment for Coworking Spaces in Mall
Parking and stairs could make malls attractive in the COVID era. Last July, long before the pandemic hit, coworking firm Industrious set up space at the Scottsdale Fashion Square. Later it inked deals at other…
Read More07.09.2020
July 2020 CCIM Deal Making Session Properties
Thanks to all of the brokers, sponsors, and guests who attended the July 2020 CCIM NM Deal Making Session & Forum and to those who shared their properties. Click here to view source PDF. Click here…
Read More07.08.2020
As Retail Anchors Go Under, Landlords Offer Rent Concessions in Exchange for Other Tenants’ Co-Tenancy Clauses
Co-tenancy clauses wrecked havoc on retail landlords during the last recession. This time, landlords are trying new negotiating tactics. As more U.S. department stores and other anchor retail tenants file for bankruptcy and close permanently, landlords face…
Read More07.08.2020
June 2020 Commercial Market Trends
View a New Mexico Market Trends Summary Report, which includes June 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 More07.08.2020
Apartment Investors Begin to Navigate COVID-19 Deal Landscape
The properties hitting the market today tend to be smaller. Investors are holding onto stabilized assets if they can and distressed deals haven't hit the market yet. Verde Capital Corp., a private equity and investment…
Read More07.07.2020
Should Employers Test for COVID-19?
Business owners are struggling with which workplace safety measures to implement in an effort to prevent the spread of COVID-19 as people return to work. One idea that many companies are grappling with is whether…
Read More07.07.2020
Have All Real Estate Sectors Hit Bottom?
Real estate professionals in the commercial and residential sectors largely believe the industry has already hit bottom and is now on the mend with expectations of growth over the next several quarters, according to the…
Read More07.06.2020
Multifamily Market Expected to Recover in Two Years
Multifamily properties are expected to experience a sharp decline followed by a fast recovery through 2020, according to a report by CBRE. Multifamily properties are expected to experience a sharp decline followed by a fast…
Read More07.06.2020
Multifamily Poised for a Reversal in Fortune
The end to supplemental payments and a rising number of Covid-19 infections could knock multifamily down a few notches. So far the multifamily asset class has fared well during the pandemic, with the vast majority…
Read More07.02.2020
Congress Extends PPP to August 8
On Wednesday, July 1, the House of Representatives extended the SBA Paycheck Protection Program (PPP) through August 8, 2020 (the Senate passed the extension the day before). The program had previously expired on June 30, with more…
Read More06.30.2020
Top 10 Issues Facing Commercial Real Estate
The COVID-19 pandemic—and its impact on businesses over the year ahead—is the leading concern among commercial real estate executives, according to The Counselors of Real Estate. The Counselors, a commercial trade group for CRE designees,…
Read More06.30.2020
City Council Meeting Update 6/29/20: Paid Sick Leave & Required Masks
The Albuquerque City Council decided on Monday that employers must provide masks but not hazard pay to their workers during the COVID-19 pandemic. As for paid sick leave? That still remains to be seen. A…
Read More06.29.2020
A Global Perspective | How Retail Will Emerge from the Pandemic
This conversation between Anjee Solanki, national director of retail services at Colliers International, and Neil Saunders, managing director at GlobalData Retail, will look at what the pandemic has done to retail globally. The global response…
Read More06.29.2020
Pandemic Has Changed How NM Offices Work
Before the COVID-19 pandemic reached New Mexico in March, co-working company FatPipe had 90 people working remotely at its Albuquerque and Rio Rancho locations. By the height of the pandemic, however, FatPipe chief operating officer…
Read More06.29.2020
1031 Like-Kind Exchanges, Insights & Updates
Get an update on the 1031 Like-Kind Exchanges, featuring Charlie Dawson, NAR's Vice President of Engagement, and Evan Liddiard, NAR's Director of Federal Taxation. The overview also includes the latest relief from the IRS on…
Read More06.29.2020
Remote Work Is Here to Stay, But Office Footprints Likely Won't Shrink
COVID-19 has accelerated companies' acceptance of remote work, but social-distancing measures mean that they will continue to require roughly the same amount of office space. The COVID-19 pandemic will set a “new normal” for the…
Read More06.29.2020
Seven Must Reads for the CRE Industry Today
The New York Times examines how office building owners and managers are grappling with elevator usage amid COVID-19 safety measures as workers return. Real Money looks at how Microsoft’s decision to shutter its stores highlights…
Read More06.29.2020
Watch the City Council Meeting on Monday, June 29th
Make Your Voice Heard! GAAR & CARNM are working with other business organizations to stop the Premium Pay and Paid Sick Leave Ordinances set for vote on Monday, June 29th at the Albuquerque City Council Meeting. These ordinances would force Albuquerque businesses…
Read More06.28.2020
NM Wind Energy Development Surges Forward
Pattern Energy will break ground this fall on a 1,000-megawatt complex of wind farms in central eastern New Mexico, as well as a new 150-mile transmission line to carry those electrons to Western markets. Pattern’s…
Read More06.25.2020
Industrial Real Estate Leads the Way Out of the COVID Crisis
The industrial real estate sector showed significant gains in new redevelopment/redevelopment, building acquisitions and deal activity. As NAIOP’s I.CON Virtual 2020 conference kicked off this week, keynote speakers, panelists and a COVID commercial real estate…
Read More06.25.2020
Construction Costs Expected to Ease for Apartment Developers
Many of the pressures driving increases in materials and labor prices for multifamily construction have lessened as a result of COVID-19. Heading into 2020, a robust development pipeline and rising costs of construction material and labor were major…
Read More06.22.2020
Balloon Fiesta Postponed Until 2021
Balloon Fiesta is an event that brings our community, city and state together to host thousands of pilots, volunteers and guests from around the world. When COVID-19 first began to impact our world and eventually…
Read More06.22.2020
Warehouse Sales a Bright Spot for Commercial Real Estate
Investors are increasingly turning to warehouses as investments during the pandemic, The Wall Street Journal reports. The growth of e-commerce—which has only widened since the start of the COVID-19 crisis—has sparked the need for greater storage space…
Read More06.19.2020
New Buildings Don’t Always Perform as Designed
Even in buildings that have been at similar times with the same systems, usage isn’t always consistent. Matthew Ganser, EVP Engineering and Technology, Carbon Lighthouse, says there is a misconception about new buildings. “Just because…
Read More06.17.2020
June 2020 LIN Properties
At the June 2020 Virtual LIN Meeting held on June 17, 2020, 6 excellent properties were presented. Thank you for presenting properties and attending the meeting! View the June 2020 LIN properties here. View the…
Read More06.17.2020
SBA Rolls Out Major Updates to PPP
The Small Business Administration and U.S. Treasury Department on Wednesday rolled out major updates to the Paycheck Protection Program, offering automatic forgiveness for certain independent contractors and creating a broader application form for forgiveness. Specifically,…
Read More06.15.2020
Rise of the “Ghost Kitchen” Model
With restaurants across the country closing their doors this spring to dine-in operations due to COVID-19, many have been essentially operating as “ghost kitchens” – facilities that contain the necessary kitchen equipment to facilitate off-site…
Read More06.15.2020
10 Ways Landlords Can Help Restaurant Tenants Survive Reopening
Rent relief is only one measure that can help restaurants stay afloat while facing caps on occupancy. Here are some others. As various states continue to ease their lockdown restrictions and restaurants reopen in-house dining,…
Read More06.15.2020
How to Find Commercial Comps Using RPR
Commercial practitioners need access to commercial property details, history and data to give their clients the best guidance possible. Finding comparable properties gives you an idea of a property’s current market value, which is a…
Read More06.15.2020
5 Simple Steps for Searching Properties in RPR Commercial
Adjusting to life during the coronavirus crisis is affecting us all. It has also introduced many new “-ings”: “sheltering”, “distancing” and “flattening”. At RPR, we think it’s an opportune time to include “search-ing.” As in,…
Read More06.15.2020
Top 5 Data Needs for Researching Commercial Properties
RPR wants to help REALTORS® succeed. As the nation’s largest real estate database, RPR provides commercial practitioners with data, tools and reports that will help them “wow” their clients and close more deals. Here we…
Read More06.12.2020
Foreign Investors Have Stayed Away from U.S. Real Estate in Recent Months. That Trend Is Not Expected to Hold
Once the pandemic is over, foreign buyers will likely see attractive investment opportunities in core assets. As the U.S. crawls out from under the coronavirus lockdown and copes with a pandemic-inflicted recession, foreign investment in U.S.…
Read More06.12.2020
Not Deserted But Different: Retailers Adapt Their Physical Spaces in a Sign of What’s to Come
When customers quit coming to physical stores as the COVID-19 pandemic swept in, some brick-and-mortar retailers found ways to stay in business. But rather… When customers quit coming to physical stores as the COVID-19 pandemic…
Read More06.11.2020
Office Brokers Don’t Expect a Return to Normal Any Time Soon
While brokers don’t believe the office is going away, they expect the challenges presented by the pandemic to last into next year. The office sector remains in a tough spot. The pace of workers’ return…
Read More06.11.2020
Eight Must Reads for the CRE Industry Today
Restaurant companies with locations in multiple states struggle to navigate rules to reopen, reports the Wall Street Journal. A third of America’s malls are shutting down permanently by 2021, according to CNBC. These are today’s…
Read More06.11.2020
Using the Past to Predict CRE Pricing
One analyst doesn’t think prices will move the same way they did in the last recession. While most investors have the phrase ‘past performance is not indicative of future results,’ memorized, the truth is it…
Read More06.11.2020
NAIOP: How Landlords Can Reopen Buildings While Avoiding Liability Risk
From implementing nonessential access bans to staggering arrival and departure times, a NAIOP brief highlights how building owners should adjust to occupants returning to the office. As COVID-19 restrictions relax, employees are ditching their sweats and…
Read More06.10.2020
Property Managers Have Had to Quickly Digitize
The pandemic has made technology become an essential tool in the property management toolbox. Property managers have been slowly adopting and adapting to new technologies, but since the onset of the pandemic hit, technology has…
Read More06.10.2020
Real Estate Investors Are Taking ‘Barbell’ Approach to Crisis
CRE investors are looking for both assets that have been hard-hit by the pandemic, as well as more stable properties. Investors are increasingly taking a “barbell” approach to a commercial real estate market that’s been…
Read More06.10.2020
Medical Office Rents Weather the Storm
One company reports rents collected above 97% The medical office sector hasn’t been immune from issues caused by COVID-19. But Kyle O’Connor, president and founder of MLL Capital, would still rather be in that commercial…
Read More06.09.2020
1031 Exchanges Are Challenging in a Pandemic. Opportunity Zone Funds Can Offer a Solution
Opportunity Zone funds offer similar benefits to 1031 exchanges, but come with an extended investment horizon. My heart goes out to all of those real estate investors who sold a property before COVID-19 struck. Most…
Read More06.09.2020
It’s Not Dine-in, Carryout or Curbside, It’s Delivery-Only Ghost Kitchen
The Commercial Market Insights June 2020 report discusses how the coronavirus has impacted U.S. retail and food services for which has resulted in the closure of many restaurants and bars. U.S. retail and food services…
Read More06.09.2020
Property Managers Help Tenants Get Back to Work
As the nation lifts shutdown restrictions, property managers are leveraging their partnerships with tenants to help ensure everyone’s health and safety. Since the outbreak of the COVID-19 pandemic, property managers have faced the challenges of maintaining productivity,…
Read More06.09.2020
How Office Owners Will Play a Role in Re-Opening Businesses
Creating a safe environment will require collaborative solutions between tenants and landlords. Like retail, offices are expected to execute a phased-style reopening. While strategies for re-opening office spaces and inviting employees to return to work…
Read More06.09.2020
June 2020 CCIM Deal Making Session Properties
Thanks to all of the brokers, sponsors, and guests who attended the June 2020 CCIM NM Deal Making Session and to those who shared their properties. Click here to view source PDF. Click here to view…
Read More06.08.2020
The Case For a Cost Segregation Strategy
Real estate investors should talk with their CPA about whether they're getting all the deductions in a post-tax reform world. If your clients haven’t considered procuring a cost segregation study on their properties, they may…
Read More06.08.2020
Industrial Market Still Big With Investors
Minneapolis specialist offers tips for closing industrial transactions now. Experienced real estate professionals know that success is all about mindset and finding the right opportunities for the current market. Sitting on the sidelines during the…
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