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.
Category: News and Trends
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.
Commercial and Multifamily People in the News May 4, 2023
Personnel News from CBRE, JLL and Merchants Bank of Indiana.
MBA Welcomes New Members
The Mortgage Bankers Association welcomed the following new members in April.
Fitch: Retailers Can Secure Their Positions with Omnichannel Investment
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.
CREF Policy Update: May 4, 2023
On Apr. 28, the House Financial Services Committee advanced H.R. 2798, the CFPB Transparency and Accountability Reform Act.
Banking, Financial Services Set to Become Largest Investors in AI
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.
MBA Chart of the Week: Commercial and Multifamily Mortgage Debt Outstanding
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.
Dealmaker: Northmarq Arranges $51 Million for San Diego Industrial Park
Northmarq recently closed $51.25 million in acquisition financing for Rose Canyon Business Park, a large multi-tenant industrial park in San Diego.
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.