“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.
Personnel News from Cushman & Wakefield, nxtCRE.
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.
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.
Personnel News from CBRE, JLL and Merchants Bank of Indiana.
The Mortgage Bankers Association welcomed the following new members in April.
Stores with multiple ways to engage with customers have a solid, defensible position in the retail landscape given consumer preference for some level of in-person shopping, reported Fitch Ratings, New York.
On Apr. 28, the House Financial Services Committee advanced H.R. 2798, the CFPB Transparency and Accountability Reform Act.
The real estate finance industry has long suffered a reputation for lagging other sectors in technology adoption. That perception could soon change, said JLL, Chicago.
Two questions have dominated the CRE headlines of late: a) the reliance of banks on commercial real estate and b) the reliance of commercial real estate on banks. We addressed the former in a previous Chart of the Week. Here we look at the latter with a particular focus on office — the property type attracting the greatest scrutiny.
