Commercial real estate construction costs increased nearly 1.4 percent over the previous quarter, reported Rider Levett Bucknall, Phoenix.
Category: News and Trends
Vote: MBA.org Finalist for Website of the Year
mba.org has been chosen as one of three finalists for the 2023 Sitefinity Website of the Year Awards. MBA members can vote to ensure mba.org is the winner.
Slowing Economy Reaches Small-Cap Commercial Real Estate
Boxwood Means LLC, Stamford, Conn., said weaker economic conditions on Main Street are impeding small-cap commercial real estate.
Dealmaker: Newmark Executes $22.5M Office-to-Apartment Conversion Sale
Newmark, New York, closed the $22.5 million sale of City Centre I, a 6.8-acre multifamily redevelopment project located at 625 The City Drive South in Orange, Calif.
CMF Briefs May 11, 2023
Commercial and multifamily briefs from ULI, StorageCafe and CBRE.
CREF Policy Update: May 11, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CMF Quote of the Week: May 11, 2023
“Uncertainty and volatility in regard to interest rates and property values, and supply and demand imbalances for some property types, has led to a logjam in commercial real estate sales and financing markets.”
–Jamie Woodwell, MBA Head of Commercial Real Estate Research.
Commercial and Multifamily People in the News May 11, 2023
Personnel News from Cushman & Wakefield, nxtCRE.
Commercial Property Prices Down 15% From Last Year
Green Street, Newport Beach, Calif., reported its Commercial Property Price Index decreased 0.2% in March and has fallen by 15% since property prices peaked a year ago.
Green Leases Drive Decarbonization
As real estate occupiers face increased pressure to lower their carbon footprint and investors seek to green their portfolios, so-called “green leases” benefit both parties while also decarbonizing real estate, reported JLL, Chicago.