CommercialSearch, June 7, 2023–Lew SichelmanAs the electric vehicle industry is growing, commercial real estate owners and developers are grappling with what to build and where.https://www.commercialsearch.com/news/accommodating-evs-has-a-long-way-to-go/
Category: Top National News
PGIM CEO Expects 60% of Office Buildings to Enter Purgatory
GlobeSt.com, June 9, 2023–Erik ShermanTalk about grim. PGIM Chief Executive Officer David Hunt’s take on the future of office properties is dimmer than major east coast metro skylines have been …
EV Charging Stations Baffle Multifamily
Multi-Housing News, June 7, 2023–Lew SichelmanElectric vehicle charging stations are the latest iteration of the old apartment building laundry room, according to a speaker on the “Plugging In” panel, moderated …
Renters By Choice Lead Urban Return
Multi-Housing News, June 7, 2023–Lew SichelmanColumnist Lew Sichelman discusses changing preferences for senior renters showcased at the National Association of Real Estate Editors.bit.ly/3J7qZ9d
Half of Large Firms Plan to Cut Office Space, Knight Frank Says
Bloomberg, June 6, 2023-Jack Sidders (subscription)Many of the biggest corporate employers plan to reduce the amount of office space they occupy over the next three years, underlining the changes set …
Private Lenders Could Gain Steam in Apartment Refinancing As Traditional Sources Dry Up
CoStar News, June 6, 2023–Richard Lawson, Mark Heschmeyer Alternative lenders could end up carving out a bigger niche among apartment owners as traditional bank routes have narrowed for refinancing loans. …
Interest-Only Loans Helped Commercial Property Boom. Now They’re Coming Due
Wall Street Journal, June 6, 2023- Konrad Putzier (subscription)Nearly $1.5 trillion in commercial mortgages are coming due over the next three years, according to data provider Trepp. Many of the …
Investors are Building a Record Number of Homes Solely to Rent Out. Will This Hurt Aspiring Homeowners?
MarketWatch, June 5, 2023–Aarthi SwaminathanAs aspiring homeowners contend with high mortgage rates, rising home prices and a low number of homes for sale, the construction of single-family homes built deliberately …
Residential Real Estate Activity Picks Up Despite Low Inventory
HousingWire, June 6, 2023-Connie Kim (subscription) All 12 Federal Reserve districts have seen issues with a lack of housing inventory, which is largely due to existing homeowners holding back on …
Sunbelt Construction Boom Threatens Top Apartment Building Owners
Wall Street Journal, June 5, 2023-Will Parker (subscription)Historic numbers of new rental apartments opening over the next 18 months are poised to decrease profits for the largest publicly traded landlords, …