Northmarq recently closed $51.25 million in acquisition financing for Rose Canyon Business Park, a large multi-tenant industrial park in San Diego.
Category: News and Trends
Declines Persist in Institutional Property Values
The National Council of Real Estate Investment Fiduciaries, Chicago, said its quarterly Property Index showed aggregate market values of properties declined for the third straight quarter; returns were negative for the second straight quarter.
CMF Quote of the Week: May 4, 2023
“Transaction volumes remain low, but our estimates put the bid price about 15% lower than it was a year ago.”
–Peter Rothemund, Co-Head of Strategic Research at Green Street.
MBA CMST Conference Opening General Session: The New Office Space
The MBA Commercial/Multifamily Finance Servicing and Technology Conference will kick off with an expert panel of executives exploring the pace of change in office space.
KBRA: Challenging Single-Family Rental Fundamentals
Softening operating performance, elevated inflation, labor shortages and decelerating rental rates have produced the most challenging environment for the single-family rental sector yet, reported KBRA, New York.
CBRE: Office Sublease Space Nearly Doubles Since Pandemic
CBRE, Dallas, said office sublease space has nearly doubled since the COVID pandemic began in early 2020, ushering in hybrid working arrangements.
RealPage: Apartment Construction Boom Different Than The 1970s
Multifamily construction is currently at its highest level in decades. But it might have less effect on the sector than you think, reported RealPage, Richardson, Texas.
MBA CMST Conference Opening General Session: The New Office Space
The MBA Commercial/Multifamily Finance Servicing and Technology Conference will kick off with an expert panel of executives exploring the pace of change in office space.
JLL: Cloud Computing, AI Drive Data Center Growth
Mass adoption of cloud computing and artificial intelligence is driving exponential growth for data centers, reported JLL, Chicago.
STR: Hotel Pipeline Shows Confidence in Business Travel
Hotel developers show confidence in upper-upscale properties despite the segment’s slow recovery from the COVID downturn, reported STR, Hendersonville, Tenn.